Santa Fe Real Estate Guide

The residential market

Bathroom remodeling
March 2011
231 Washington Avenue • 505.988.8088
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RANCHO ALEGRE
MLS# 803749
BROWNELL HOWLAND
MLS# 807215
THE NEDRA MATTEUCCI
GALLERY COMPOUND
MLS# 803321
RAY RUSH
Direct 505.984.5117
Mobile 505.577.5117
ray@knowingsantafe.com
TIM VAN CAMP
Direct 505.984.5118
Mobile 505.690.2750
tim@knowingsantafe.com
JOHN RIGATTI
Direct 505.984.5141
Mobile 505.660.3353
jrigatti16@comcast.net
Knowledge
~
Distinctive
Properties
~
Experience
GARCIA STREET
MLS# 201003410
PAGE 3 BLACK CYAN MAGEN-
HOME MARCH 2011 3
MARION SKUBI GROUP
Marion Skubi Johnnie Gillespie
Aleka Moore
www.santafesir.com • www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533
MarionSkubi.com
Marion Skubi
ABR, CRB, CRS
505.660.8722
Marion@MarionSkubi.com
Johnnie Gillespie
Partner, Marion Skubi Group
505.690.1909
Johnnie@JohnnieGillespie.com
Aleka Moore
Operations Manager, Marion Skubi Group
505.954.0732 Aleka@MarionSkubi.com
71 GRAYTHORN
$1,350,000
MLS# 201100036
Remarkable Craftsmanship,
Elegant Views
Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
8 ENTRADA HERMOSA
$949,000
MLS# 201100430
Featured Listings
Classic Pueblo-style Home
25 HONEYSUCKLE
$840,000
MLS# 201100103
Inviting Santa Fe Style
PASEO DEL PALOMA
$1,395,000
MLS# 201100061
Remarkable Views
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BLACK CYAN MAGENTA YELLOW
4 MARCH 2011 HOME
Art of LI VI NG
Fi ne pr o p er t i e s t o s u i t y o u r Sa n t a Fe l i f e s t y l e
326 Grant Avenue, Santa Fe, NM 87501 • 505.988.2533 • 800.409.7325 www.santafesir.com www.sothebyshomes.com/santafe
w w w. s a n t a f e t e a m . c o m
Santa Fe Team
Jennifer Gallagher, 505.660.8793 • Moo Thorpe, 505.780.0310 • Chris Haynes, 505.660.6121
213 CAMINO ENCANTADO $1,295,000
6 COLUMBINE $529,500
A delightful 3BR, open floor plan home plus study
and an attached studio in gated Salva Tierra.
Spacious kitchen with granite tile counters includes
dining and a family area. Two wonderful patios with
views of the Sangre de Cristo and Jemez Mountains
as well as mature landscaping. Three-car garage.
MLS# 201005229
Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
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20 TECOLOTE $1,175,000
This exceptional Las Campanas home was built by
one of Santa Feʼs most prestigious builders, Doug
McDowell. The property consists of a 2BR main
house and an attached 1BR guest suite. Spacious
portal with a fireplace overlooking the gardens and
mountain views. Just under 1/2 acre.
MLS# 201005687
2906 PLAZA BLANCA $339,000
Exceptional free-standing unit, light and bright with
great Southern exposures. Open concept kitchen/
dining room. Living room has high ceilings and
fireplace. Master is very private with large walk-in
closet. Large 2-car garage and full laundry room.
Landscaped, large and private patio with direct access
to walking trails. MLS# 201100109
For your new and evolving Santa Fe lifestyle, trust the Santa Fe Team to find
your ideal property. Amid natureʼs splendor – Culture, Tradition, Community –
savor the Art of Living!
Perfectly situated on Camino
Encantado, this home feels like it is
in the country, but is only two miles
from the Plaza. A large entry portal
welcomes guests into the foyer with
a grand, circular wooden staircase.
The 4,450 sq ft home offers four
bedrooms, four and one half baths,
five fireplaces, beams, dramatically
carved corbels, gourmet kitchen and a
master suite that occupies the entire
2nd floor. Lovely garden with
recirculating streamand entertainment
patio. MLS# 201004150
PAGE 5 BLACK CYAN MAGEN-
HOME MARCH 2011 5
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
231 Washington Avenue • 505.988.8088 www.santafesir.com • www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533
Shane
Cronenweth
984-5158
shanesantafe@gmail.com
www.ChooseSantaFe.com
11 ABIERTO WAY $875,000
Enter a private courtyard, gaze through a dramatic glass-walled entry galleria, and be awestruck by vast mountain and
sunset views. The exciting design of this chic 2008 home is evident, with high beamed ceilings, luxury finishes and custom
detail. The open concept floor plan has splendid spaces, including an impressive great room, high-end kitchen, and
fabulous portal opening to gardens and views. The private master includes a lavish bath with a magnificent stone wall.
Equity Golf Membership is included. MLS# 201100580
24-C PASEO ENCANTADO NE $815,000
Lose yourself in dazzling sunsets and an unbelievable carpet of
stars from this marvelous custom Tesuque residence on 5+
acres. Southwest style with Mediterranean accents creates a
delightful ambiance. Tiled floors, soaring ceilings, hand-
troweled plaster walls, vigas and abundant antique architectural
elements enhance the home. With its dramatic living room,
romantic master suite and lovely guest quarters, plus a huge
entertaining portal and spacious landscaped grounds, this is a
Santa Fe dream. MLS# 201005595
11 LONGHORN LANE $1,075,000
Ultimate country luxury amid sweeping vistas defines this
exquisite one level Sharon Woods home, in gated La Tierra
Nueva. The splendid living room has soaring ceilings, huge
windows and opens to a fabulous portal. The lavish master suite
with fireplace and picture postcard view is heaven, and the eat-
in kitchen is a cook’s pleasure. Enjoy the library/media room,
remarkable garden room, enchanting guest house and
spectacular landscaping. Hand-troweled plaster walls, beams,
tile floors, A/C. Horses welcome. MLS# 201004244
103-1/2 VICTORIA STREET $898,000
Come home to this warm, inviting Historic Eastside 2,837 sq ft
house imbued with authentic southwest detail, including coved
ceilings with vigas, hand-troweled plaster walls, lovely tiled
floors and kiva fireplaces. Featured are a dramatic sun-filled
living room with portal, terrace and walled gardens, a fantastic
dining room, and an impressively equipped kitchen with
separate breakfast room. The excellent master suite has a
canopied deck and sunset views. Includes a two-car garage
and built-in speaker system. MLS# 201006010
1344 UPPER CANYON ROAD $1,500,000
Remarkable value! Behind gates and superbly sited on a prime Eastside 1.87 acre lot, this
marvelous home with attached guest apartment merges modern amenities with historic elements.
With prized sunset and mountain vistas, the house has a gorgeous 43' great room, two portals,
fantastic grill island, and spacious deck. Featured are a lovely master, high-end country kitchen,
handsome family/media room, private office, wine/storage room, rich hardwood floors, generous
motor court, and a groomed hiking path. MLS# 905559
707 EAST PALACE AVENUE, #16 $395,000
Simply irresistible! In a 1920’s adobe four unit building, nestled in desirable La Vereda Compound,
this enchanting 1,170 sq ft, two bedroom home is awash with light, and offers southern, mountain
and sunset views. Exquisitely restored and updated, it features hardwood floors throughout,
Craftsman-style windows and doors with “float glass” panes, custom tile work in the kitchen, bath
and fireplace hearth, a deep Juliet balcony for dining, and a lovely garden. A pleasant stroll to both
Canyon Road and the Plaza. MLS# 201100443
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Caroline
Russell
954-5530
caroline.russell@sothebyshomes.com
www.ChooseSantaFe.com
Don’t Miss Insider’s Guide to Santa Fe, at ChooseSantaFe.com
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BLACK CYAN MAGENTA YELLOW
6 MARCH 2011 HOME
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe
V i s i t Ou r P o r t f o l i o o f Ou t s t a n d i n g H o me s & H o me S i t e s a t
www. HomeTeamSant aFe. com
H O M E T E A M S A N T A F E
D A V I D
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5 0 5 • 4 7 0 • 9 3 8 3
C H R I S T O P H E R
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5 0 5 • 4 9 0 • 2 9 9 9
EXCEPTIONAL LIVE/WORK LOFT
Marquez Place–Handsomely finished contemporary
style 2BR, 2BA, live/work townhouse loft in a park-
like setting with light-filled interior spaces plus a
private garden. The main level Great Room
includes 3 distinct areas with tall ceilings, large
windows, scored concrete floors and doors opening
to garden plus galley kitchen. Upstairs is a second
bedroom, bath and laundry. MLS 201006300
OFFERED AT $379,000
SUBLIME SOPHISTICATION
One of the remarkable remodel stories at Quail Run,
this 2BR, 2BA, single-level, Pinon C home, replete
with den and landscaped gardens raises the bar. The
deft hands of world travelers with expertise in design
and architecture have created a truly wonderful
home. The essence of Pueblo Revival style remains,
enhanced with Art Deco touches and echos of Paris,
New York and Marrakesh. MLS 201006316
OFFERED AT $789,000
MAGDALENA COMPOUND
Eastside–Seldom on the market, the original
Magdalena Compound residences are infused with
authentic charmand the unique sensibilities of Santa
Fe style. This handsome 2BRhome is no exception.
All the elements, from the large Great Room, to the
fireplaces, beamed ceilings, formal dining, outdoor
living areas and 2nd floor sleeping rooms will delight
you and evoke the essence of Santa Fe.
OFFERED AT $775,000
FOOTHILLS ADOBE
With the Sangre Foothills as a backdrop and vistas
of the Sandias and Jemez at the fore, this handsome
2BR, 2BA, plus den, solar-designed adobe home,
sited on 5+ rolling acres, offers authentic Santa Fe
living in a remarkable setting. Santa Fe style abounds
in exposed adobe walls, arched adobe doorways,
circular rock fountain, solarium and fireplaces and
more. Horses allowed. MLS 201005974
OFFERED AT $599,000
Pam Wickiser
470.9884
pam.wickiser@sothebyshomes.com
Bob Dunn
505.470.9883
bob.dunn@sothebyshomes.com RobertDunnRealEstate.com
Enjoy the golf course, tennis courts, a modern exercise facility, indoor pool, jogging trails and the highly acclaimed restaurant.
24-hour manned gated security. Located 3 miles from the Plaza.
New Listings at Quail Run Santa Fe’s Premier Gated Community
Combined 55 years of Santa Fe
Real Estate Experience
HACIENDA MODEL, #623
$1,335,000 #201100278
PINON E MODEL, #676
$950,000 #201006515
PINON E MODEL, #907
$875,000 #201100446
PINON C MODEL, #667
$665,000 #201006457
PLAZA B MODEL, #201
$410,000 #201100246
124 MATEO CIRCLE NORTH
$468,000
Elegant Stamm home with
recent designer updates.
Great city location minutes to
the Plaza, medical facilities
and shopping. A unique
feature is all 3 bedrooms
have their own in-suite baths.
MLS# 201001539
614 GRIFFIN STREET
$348,000
Perfect Santa Fe getaway.
This charming, classic
Santa Fe-style condo is
walking distance to the
Plaza and the best of
Santa Fe. Two bedrooms
plus 2.5 baths.
MLS# 201005401
BLACK CYAN MAGENTA YELLOW
8 MARCH 2011 HOME
KEVIN BOBOLSKY
505.470.6263
KevinBobolsky@aol.com
RanchNewMex.com
231 Washington Avenue • 505.988.8088 www.santafesir.com • www.sothebyshomes.com/santafe
MARILYN FOSS
505.231.2500
marilyn.foss@sothebyshomes.com
SantaFeRealEstateOnline.com
Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
506 JOHNSON LANE $495,000
Romance and character resonate in this
quintessential 2BR, 2BA, Eastside adobe
home on a quiet lane off Garcia. Vigas, brick
and wood floors, 3 fireplaces and plastered
walls. Walled patio entry. #201005691
71 VIA PAMPA – LAS CAMPANAS $2,000,000
The finest art in the world would feel safe and comfortable in this home. Superb finishes,
spectacular views, 5,200 sq ft of elegant and refined living space, tons of sensational wall
space, 3BR suites and a professional kitchen. #201006155
HOLMAN RANCH $2,450,000
A stunning and rare retreat comprised of
approximately 850 acres, 2 springs and the
Mora River running through it. Wander from
the wonderful historic adobe compound in a
lush river valley on trails leading up into
aspen and pine forest in the beautiful Rincon
Mountains. #201001402
403-405 SOSAYA – OFF ACEQUIA MADRE
$1,195,000
Historic Willard Clark (1910-1992) home.
Former home of one of New Mexico’s
beloved early 20th Century artists. Incredible
gardens, gourmet kitchen, and master suite
deck. Two separately deeded lots. Close to
Canyon Road. #201003163
RIVER SONG RANCH $1,495,000
Abiquiu–two story, adobe home right on the
river with over 700 feet of Chama River
frontage. Lots of New Mexico charm and
nestled under the cottonwood trees! Three
bedroom, 3 bath, 3,700 sq ft home on
19.676 acres. Includes a barn with a
wrangler’s quarters, studio, and irrigated
pasture. #201003416
ROCIADASPRINGS RANCH $3,500,000
350 acre +/- fenced and gated alpine and aspen
meadow retreat with a totally rebuilt compound.
Historic cabins and stables. Spring fed ponds.
The Rito de Gascon runs through the ranch and
the Gascon Trail borders the property line.
Additional acreage available. Approximately 1.5
hour scenic drive from Santa Fe. #201001751
www.ranchnewmex.com
Marilyn Foss with Sheila Paterson, left, and Dilys Evans, right
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15 CERRO BLANCO $539,000
Soft, Southwest Contemporary-style 3BR,
2BA single-level home with stunning views of
the Galisteo Basin and Cerro Colorado. A 7
acre lot allows for horses and a 1,200 sq ft
studio or guest quarters. #201100489
75 AVENIDA DE LAS CASAS $649,000
Custom 3BR, 2BA, 2,054 sq ft, single-level home at Casas de San Juan. Views and privacy
and in this exclusive gated community next to the Santa Fe Opera. Great room, 3 fireplaces,
radiant heat and 3 patios. #201100205
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Marilyn Foss is
pleased to announce
her new National
Association of
Realtors’ designation
as a Seniors Real
Estate Specialist –
SRES
Serving those 50
years of age
and older
Marilyn Foss is
pleased to announce
her new National
Association of
Realtors’ designation
as a Seniors Real
Estate Specialist –
SRES
Serving those 50
years of age
and older
PAGE 9 BLACK CYAN MAGEN-
HOME MARCH 2011 9
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
www.santafesir.com • www.sothebyshomes.com/santafe 231 Washington Avenue • 505.988.8088
LUCIE LAWSON
505.670.4789
lucie.lawson@sothebyshomes.com
616 LOS ALTOS NORTE $1,295,000
This exquisite home is carefully crafted with soothing, free
flowing interior spaces, combined with expansive vistas and
walking trails to town. Features include a fabulous living
room, master and 2 guest suites, upscale kitchen, office,
breakfast nook, 4 fireplaces, outdoor entertaining area,
plaster walls, ceramic tile floors, and AC. MLS# 201006226
957 PASEO DEL SUR $899,000
Minutes from the Plaza, sited on 1.02 acre, this marvelous
home, suffused with light, sits high on the lot to capture the
views from the main living areas and master suite. Well
designed with a new heating/AC system, it offers a gourmet
kitchen with upscale appliances, great room with fireplace,
separate dining room, spacious master suite, and office,
plus two guest suites with private baths. MLS# 201002264
528 CAMINO LOS ALTOS $1,349,000
Nestled behind courtyard walls this stylish, single
level home with a detached guest house, designed
by John Midyette, offers exceptional living space and
is well located to downtown. The interior is warmand
inviting, featuring wood and beam ceilings, 4
fireplaces, corner windows, a spacious great room,
luxurious master suite and upscale eat-in kitchen.
The large covered portal showcases striking views
while providing a superior outdoor living area. MLS#
201003689
409 LOS ALTOS WAY $2,200,000
Spacious and light filled, sited on 3 acres with panoramic
views, this custom LeMaster home offers exceptional living
space, lovely plaster walls, tile floors, professional kitchen with
a breakfast nook and fireplace, separate master plus 2 guest
suites, office and self contained family area with bedroom,
bath and living room. Beautifully landscaped. MLS# 201004750
Ashley Margetson CRS, GRI
984. 5186 Cel l : 920. 2300
ashley.margetson@sothebyshomes.com
santaferealestatelady.com
SANTA FE’S FINEST B&B
A historic adobe in perfect location downtown, it
is a pretty walk 3 blocks to the Plaza. 18 lovely
guest rooms with stylish baths, plus live-in
manager’s suite. Charming breakfast great
room; elegant, comfortable public spaces,
patios and deck. Loaded with character,
ambiance, and Santa Fe style. Parking lot.
Established perennial landscaping. $2,950,000
RANCHITO
SANTUARIO
Expanses of open views in
every direction yet total serene
privacy. Wonderful floorplan!
Several living spaces, with
panoramic views. High, pitched
ceilings, stained concrete and
marble floors, fun open concept
kitchen. Outdoor living spaces
look over Galisteo Basin.
Stunning pool environment.
$900,000
SPANISH COLONIAL
MASTERPIECE
On 2.5 private, wooded acres this
elegant Spanish Colonial-style
hacienda features 4,400 sq ft with
exposed adobe walls, separate
dining, family room, 4BR and
3.5BA. A glamorous curving
staircase leads to the master
suite, office and sunroom. Great
kitchen with breakfast area, and
vast entertaining deck! Now may
be best buy on market! $695,000
EXQUISITE
PERFECTION
A compound of comfortable luxury
and seclusion with breathtaking
views on 50 acres, 12 minutes to
town. Antique doors, stone
fireplaces, handsome hardware,
gorgeous plaster and divine
finishes. It has everything!
Mainhouse, guesthouse, studio
and office, and caretaker casa, all
custom best of everything, in
gated Los Caminitos. $3,750,000
HISTORIC
STORYBOOK HOUSES
1898 adobe house, guest house
and art studio. Off Canyon
Road. SO special! High old
trees. Plenty of parking.
Ambiance charm character.
New wiring, plumbing and
unseen necessities– authentic,
original interiors! One of a
magical kind! You have never
been anywhere like this.
$999,000
DIVINE EUROPEAN
VILLA
Exquisite European-style villa with
high beamed ceilings, beeswax
rubbed Venetian plaster walls,
Italian tile floors, antique doors
and columns, the loveliest finishes
and fixtures, and on 11 acres as
private as a palazzo in Piacenza.
Expansive rooms and expansive
views, 3BR and baths, extra family
room, 3,000 sq ft, and 5 minutes to
the Plaza. $1,195,000
ABIQUIU LAKE
WATERFRONT
Waterfront! Sunning and dramatic
view lot with spectacular water
views, red cliffs, and Ghost
Ranch from this scenic 10 acre
retreat 1 hour from Santa Fe.
Magnificent building sites, well
and utilities. Owner/Broker.
NOW $399,000
BLACK CYAN MAGENTA YELLOW
10 MARCH 2011 HOME
Emily Loves to Sell Santa Fe!
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
231 Washington Avenue • 505.988.8088 www.santafesir.com • www.sothebyshomes.com/santafe 417 East Palace Avenue • 505.982.6207
FRED RAZNICK
Direct: 505.984.5142 Cell: 505.577.0143
fred.raznick@sothebyshomes.com
15 WILOWA LANE
$498,000
Captivating mountain views
on a wonderfully wooded
and very private 5 acre lot.
3,150 sq ft. 3BR, 3BA tri-
level home with living and
dining rooms, kitchen and
breakfast room. Separate
entry for studios, offices, or
additional living spaces.
Private well. Refrigerated
A/C. #201100100
52 HERRADA ROAD $339,000
Light and airy 1,760 sq ft, 3BR, 2BA
home with family room, separate
living and dining rooms, adjoining
kitchen. Large fenced yard, 2
walled courtyards and portals. Tile
and hardwood floors, beam ceilings
with wood decking throughout.
Natural gas
radiant heat.
1.5 mountain
view acres.
#201006303
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360 Garcia Street $1,100,000 (S)
3248 Nizhoni $305,000 (S)
4 Escondido Mountain $332,000 (S)
113 Michelle Drive $425,000 (S)
42 Camino Tetzcoco $498,000 (B)
12 Herrada Court $334,000 (B)
Emily Medvec brings a
unique set of valuable
resources to the table for
buyers and sellers. She
focuses her vision, out-of-
the-box thinking and
internet savvy on what is
important to you.
Call Her Today!
Cel l : 505. 660. 4541
santafe@emilymedvec.com
emilymedvec.com
buysantafehomes.com
Blog: onsantafe.com
Emily Medvec
CRS | SRES | RSPS
RECENT SALES 2010 – 2011
Emily Loves to Sell Santa Fe!
CURRENT LISTINGS 2011
88 Amberwood Loop $1,200,000
77 Fin del Sendero $875,000
110 Calle Pinonero $495,000
2226 Calle Alvarado $368,000
LOTS
72 Encantado Loop $178,000
1409 Hickox $120,000
2999 West Alameda $160,000
1888 Camino De Pabilo $219,000 (B)
11 Paseo Luna Blanca $236,000 (B)
6597 South Richards $249,000 (B)
2408 Calle Loma Bonita $235,000 (B)
1019 Calle Carmelita $239,000 (B)
(S) = Seller • (B) = Buyer
Experience + Marketing + Negotiation = Results
Eldorado285AreaHomes.com
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attendance. We had great interactions between
attendees and the expert presenters and the remote
broadcast concept gave it added credibility while also
expanding the audience. I definitely plan on staging
other remotes in 2011.”
– Tom Simon, Principal of Westgate Properties, LLC
Contact Rey Post to schedule your
Remote Broadcast: 505.989.8900
PAGE 11 BLACK CYAN MAGEN-
HOME MARCH 2011 11
Featured Listings
505.988.2806
1-877-98 ADOBE
www.adoberealtyofsantafe.com
Beth E. Fauré
Qualifying Broker
505-690-2713
Roseanna Z. Gonzales
Broker Associate
505-470-5638
312 Camino Alire
Santa Fe, New Mexico 87501
BARRANCA ROAD
A CustomAdobe Home on a tree-covered 2 acre lot with views.
The artistry of the interior adobe walls, bancos & freplaces
is impressive.This 3 bedroom home offers an attractive split-level
master suite, viga & coved ceilings throughout, beautiful lighting,
fxture & stone details, and various courtyards with fabulous
gardens & water features. $1,199,000 #201002674 Call Roseanna
PASEO BARRANCA
A Well maintained and updated Northeast side Santa Fe home
nestled in a pinon covered landscape with mountain views,
privacy and convenience. 3900 SF, 3 bedroom suites with full
private baths, large studio/offce, plaster walls, Italian tile foors, 3
working freplaces, in-foor radiant heat, foam roof with transfer-
able warranty, attached 3 car garage featuring a loft area for
additional storage and roof access. $895,000 Open House
1106 Paseo BarrancaToday 12-2. MLS# 201005650 Beth
GATED COMMUNITY HORSE PROPERTY
Country living at its best in the gated community
of Rancho San Marcos. 11.62 acres with expansive
views and riding trails throughout.This immacu-
lately maintained homes offers 3 BD, 2 BA plus an
attached 3 car garage. Outbuildings include a horse
barn, tack room, hay storage and corrals.Water
catchment barrels, landscaped and treed prop-
erty make this an oasis in the high plains desert.
$345,000 MLS# 905580 Call Beth 505-690-2713
CIBOLA CIRCLE
List Price $289,000
Sold by Roseanna Z. Gonzales
OLD PECOSTRAIL
The convenience of living on Old Pecos
Trail.This 3300 sf home with attached
guest house on nearly 1 acre of naturally
landscaped land offers 3 BD, 3 BA and 3 kiva
freplaces in the main house as well as a 1
BD, 1 BA and kitchenette. Antique doors,
plaster walls, vigas and California closets.
Attractively priced at $699,000 MLS#
905892 Call Beth 505-690-2713
DELGADO STREET
Downtown Location - Just 3 blocks to the
Plaza from this 2 bdrm home and guest
casita. House with kiva, new heating system
and spacious rooms. Lots of light & up-
dated kitchen in casita. Good rental history.
$470,000 MLS#201004035 Call Roseanna
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Excellence, with a touch of grace…
231 Washington Avenue • Santa Fe, New Mexico 87501 • 505.988.8088
Perfect Adobe Casita
207 Closson $475,000
Contemporary with Views
1445 Nevado Ridge $1,100,000
Across from Geronimos!
653 Canyon Road, #16 $750,000
Huge House and Guest House
1295 Vallecita $599,000
Great House and Value
6388 Jaguar Drive $170,000
Land Near Eldorado
6 Cerro Circle $75,000
For more detail visit: www.emilygarcia.com
505.955.7963 • 505.699.6644
emily@emilygarcia.com
TREMENDOUS VALUES that will be remembered for years to come...
Walk to the Plaza
112 La Vereda $799,000
Emily Ivette Garcia
CRS, Real Estate Broker
400 Acre Oasis
Mimbres Valley $1,980,000
Galisteo Serenity with Studio
13 Marcelina Lane $994,000
Picturesque Pueblo Style
10 Petroglyph Place $700,000
Ramah, NMRetreat
61 Shorecliff – Ramah $400,000
2 Legal Lots
Abiquiu Land $90,000
OUT OF TOWN
A soft, contemporary design with natu-
ral finishes such as Anazasi stone walls,
custom plastered walls, and expansive
windows enhance this stunning Santa
Fe Summit home. Featuring outstand-
ing mountain views this 3,581 sq ft
property with open living spaces, a
gourmet kitchen and butler’s pantry,
a spacious master suite located on the
lower level down an elegant spiral stair-
case, two offices, second bedroom suite
and private outdoor patios. Uniquely
sited on 1 1/2 lots for privacy.
BLACK CYAN MAGENTA YELLOW
12 MARCH 2011 HOME
326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe
NEIL LYON GROUP
NEIL LYON, CRB, CRS, GRI
DIRECT: 954.5505 CELL: 660.8600
EVELYN SPIKER, CRS, GREEN, RSPS
DIRECT: 954.5556 CELL: 930.0999
VANESSA RIOS Y VALLES
DIRECT: 954.5522 CELL: 231.3708
49 RANCHO ESCONDIDO
This stand-out estate includes a fabulous main house, an unusually
spacious guest house, a charming casita, heated stables, a pool
with cabana and an incredible outdoor kitchen. The craftsmanship
and details are of the highest quality. #201003102 $13,500,000
3 CALLE VENTOSO WEST
Fabulous 4BR home plus an office featuring magnificent mountain
views. Quality finishes include travertine floors, granite
countertops, beautiful plaster and woodwork throughout. Equity
Social membership included. #201100852 $1,150,000
TESUQUE LAS CAMPANAS
MUSEUMHILL LAS CAMPANAS
WILDERNESS GATE VILLAS OF BISHOP’S LODGE
1055 OLD SANTA FE TRAIL
A classic Santa Fe residence on 2.8 acres. Terrific location providing
wonderful views of the Sangre de Cristo Mountains. 4BR, 6,568 sq ft,
with formal living and dining areas, an office and library. Gorgeous
outdoor spaces. #201100111 $1,350,000
36 SIERRA ROSA LOOP
Lovely 3BR, 3.5BA residence with a dramatic living and dining room as
well as a wonderful family room right off the large chef's kitchen.
Classic and high-quality finishes found throughout. Wonderful entry
courtyard and portal spaces. #201005189 $850,000
2232 WILDERNESS ARROYO
An exquisite home offering privacy, convenience, and magnificent
views. The property includes a 4BR main house plus very large
studio casita. Masterfully renovated by Wolf Corp. Minutes to town.
#201002730 $1,975,000
4-A LODGE CIRCLE
An exquisite residence in the Hills and Villas at Bishop's Lodge.
3BR, 3BA, Santa Fe-style finishes, large bedrooms, high ceilings,
and multiple patios. Community amenities included. #201002437
$675,000
NEW LISTING
NEW LISTING
2232WildernessArroyo.com
36SierraRosa.com
4ALodgeCircle.com
24 TANO ESCONDIDO
The romance of Northern New Mexico is captured in this
Traditional-style, pitched-roof, 5BR residence. Incredible attention
to detail. Large portal with outdoor fireplace and a beautifully
landscaped yard with water feature. #201100515 $1,650,000
6 PLAZA MOLLENO
Stunning 3BR, 4BA residence in Las Campanas. Perfect blend of
contemporary and pueblo-style design with breathtaking views of
the Sangre de Cristo Mountains and the Sunset Golf Course fairway.
#201100255 $1,575,000
TANO ROAD AREA LAS CAMPANAS
NEW LISTING
UNDER CONTRACT
NEW LISTING
PAGE 13 BLACK CYAN MAGEN-
HOME MARCH 2011 13
www.santafesir.com • www.sothebyshomes.com/santafe 417 East Palace Avenue • 505.982.6207
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
DARLENE STREIT
Associate Broker
505.920.8001 dstreit@dstreit.com
SantaFeRealEstateScene.com
Linda Gregory, Licensed Assistant
505.438.6757 linda.gregory@sothebyshomes.com
1224 NORTH SUMMIT DRIVE
This home offers an elegant master
suite, 7 fireplaces, high ceilings,
plaster walls, stained concrete floors,
a 2-car garage, heated driveway,
extensive flagstone terraces, infinity
poor, panoramic vistas, and a
luxurious guest house.
MLS# 201001398 $1,800,000
815 EAST PALACE, #12
The quintessential getaway in Santa Fe!
Three BR adobe condo tucked into the
historic Eastside hills. Wood-burning kiva
fireplace, brick floors and a private, tree-
covered patio with mountain views.
MLS# 201100253 $650,000
DERMOT MONKS
Associate Broker
c 505.470.0639
t 505.946.2258
f 505.946.1615
dermotmonks@aol.com • dermotmonks.com
RANCHO DE JACONITA $5,000,000
Family compound on 43+ tranquil acres situated for the ultimate in privacy. 7,000 +/- triple
adobe main house with a 4,000 +/- sq ft, 3BR, 3BA, gourmet kitchen, and a
grandparents/guest house. Two separate guest casitas, workshop, swimming pool,
Sangre de Cristo views, 2 pre-moratorium wells, 11+ acre feet water rights, and 11+ hours
acequia rights. Pasture lands, 80+ feet high cottonwoods ideally located between the
Pojoaque River and the Barrancas. Owner is a New Mexico Real Estate Broker.
MLS# 201000703
41 RANCHO ESCONDIDO
Extreme privacy and views within this
41+ acre lot less then 5 minutes from
Santa Fe’s historic plaza. A 1.5 acre
building site within a 41+ acre
conservation easement. Horseback
and hiking trails. Simply the best
Santa Fe has to offer.
MLS# 201100052 $1,450,000
2005 SENDA DE ANDRES
Sun-filled contemporary in a gorgeous
wooded setting minutes from the
Plaza. Great house for entertaining
with open floorplan living/dining room
with patios to the east and west.
Skylights and antique beams
throughout. Travertine tile floors in
living/dining/kitchen and white ceramic
tile floors in bedroom wing.
MLS# 201100756 $749,000
99 MEJOR LADO
Light, airy and spacious best describes this
3 bedroom, 4,100+/- sq ft, Adobeworks
home with panoramic mountain views and
sunsets. Oversized 3-car garage and 1,000
sq ft attached casita with private bath.
MLS# 201100448 $745,000
638 CAMINO DEL MONTE SOL
In traditional Santa Fe style, this 4BR, 3,600
sq ft adobe on the historic Eastside has a
bricked entry portal, vigas and beams,
wooden floors and hand-carved doors. The
property includes an English garden.
MLS# 201005540 $1,299,000
HYDE PARK, ADJACENT 800 EAST
This beautiful estate lot offers 68 acres with
great development potential. Located
within walking distance to the Historic
Plaza. One of the last of it’s kind.
MLS# 201006501 $2,300,000
1307 LEJANO LANE
Charming 2,890 sq ft home located on the
desirable Northeast side. This lovely
property offers high ceilings with vigas and
beams, an updated kitchen, 2 fireplaces, 2
family rooms and a large deck.
MLS# 201006220 $640,000
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413 PLAZA LOMAS, LOT #34
Winner of the multiple awards in the 2009
Parade of Homes. High-end finishes,
separate casita could be a studio or guest
house. Borders open space and 5 minutes
to downtown.
MLS# 201006501 $625,000
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BLACK CYAN MAGENTA YELLOW
14 MARCH 2011 HOME
326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
I have been asked by countless clients about how the
Santa Fe Real Estate market is fairing, so I decided that
many of you might want to know the real facts and
figures. In a nutshell, the data is mixed with some good
news and some not-so-good news.
In this newsletter I focus on the greater Santa Fe area
(city and county single family residences) with numbers
broken down for both county and city compared across
a two year time span and then a further dissection for
just the “Core Historic” area which I define as the
following boundaries: Santa Fe River to the North, Old
Santa Fe Trail to the West, Garcia to the South and
Camino del Monte Sol to the East. I analyzed the total
number of units sold and average prices for the city
versus county comparison and I added an additional
dimension – average price per square foot for the Core
Historic District.
What the numbers are showing: as a whole our Santa
Fe numbers are showing consistent trends with the
rest of the nation which when generalized indicate
that city properties are holding up better than county
properties. Within the city limits the number of units
sold increased by approximately 11% along with an
11% increase in average price. The average price of a
typical Santa Fe City single family residence in 2010 is
approximately $341,750 up from the 2009 estimate of
$308,000. The county on the other hand experienced
equal numbers of sales year over year, but lost
approximately 5% in average sales price, coming in at
approximately $367,588.
What I found to be the most interesting statistic was
the comparison between all residential sales (single
family homes plus condos) in the Core Historic
District. While we had a phenomenal increase in
number of units sold year over year – up 66%, the
average sales price dropped by 21% in 2010 bringing
down the average sales price to $772,087 as compared
to the 2009 average sales price of $983,077. I further
studied the average price per square foot, which also
declined significantly by 26%, now hovering around
$346.00 a square foot as compared with the 2009
number of $468.00.
What is this telling us? At least for the sales that occurred
during 2010, the majority of the sales were on the lower
end as compared to the sales in 2009. That is not to say
that we did not have some higher priced homes selling in
the Historic Eastside, it is only to say that the
preponderance of sales were in the lower end, thereby
bringing down the overall average sales price, as well as
the average price per square foot.
In 2009 nearly 39% of the total sales in Core Historic
were over 1 million dollars, whereas in 2010 only 25%
of the sales were over 1 million dollars, but twice as
many sales in the under $500,000 category. Essentially
what this is telling us (at least for this past year) is what
seems to be selling are lower end properties, many
being condominiums and to a lesser extent higher
priced homes.
I believe we are likely to see this change in 2011-2012
with the wealthier client feeling more confident about
the overall economy and economic recovery that seems
to be underway, along with recent runs in the stock
market, adding dollars to their portfolios.
A more bullish stock market rally often precedes and
signals by several months a bullish transition for the
housing market sector as well. Housing will generally
lag the stock market rally by several months when
entering into a bullish housing recovery. Often a
housing downturn can precede and somewhat predict a
future downturn in the stock market as well. Both
markets seem to be consistently intertwined, often one
leading the other.
If the current stock market rally is indeed a good bell
weather and indicator, I presume that we will see a
definite and clear improvement in the housing market,
particularly starting in the upper end in 2011. We may
see our previous pattern reverse with more signs of life
in the higher end properties, which clearly will benefit
the Core Historic area along with other higher end
communities.
—Linda Murphy
The Good..The Bad..and The Future...
A two year comparison…
Core Historic Eastside
Average Price Per Square Foot
36
21
$468
$346
$983,077
$772,087
Core Historic Eastside
Average Sales Price
Core Historic Eastside
Total Number of Units Sold
“Linda is an expert at pricing a property to sell in a timely manner
no matter what the market is doing. That’s because she is on top of
the stats – a real professional. Her staging tips and marketing
expertise proved invaluable in the three transactions she completed
for me in the past few months.” —J.K. Benson
Linda Murphy
Associate Broker
505.780.7711 • 505.954.5510
linda@lindamurphy.com • www.lindamurphy.com
PAGE 15 BLACK CYAN MAGEN-
HOME MARCH 2011 15
620 Cerrillos Rd, 984 0955 • 53 Old Santa Fe Trail, 982 1296
Fine Furnishings & Accessories
Anew look for Spring...
with our complimentary design services!
ACC’s Design Team (from left)
Larry Nearhoof, formerly Harrods
Peggy Garcia, Teresa White, Jeff Fenton, VP Design
BLACK CYAN MAGENTA YELLOW
16 MARCH 2011 HOME
Bathroomremodels make sense
By Paul Weideman
Y
ou’re thinking about a remodel job on a bathroom.
What kinds of things should you do, and how
much will it cost? “One thing people want to do
is get rid of the old Mexican tile,” said Rich Enrietta, vice
president in charge of production at Chapman Companies
for over 35 years. “They’re going to the larger, 18-by-18-
inch tile to try to make the bathroom look bigger. They’re
also upgrading the shower doors. Instead of the old-
fashioned slider doors they want the newer frameless door
that’s cleaner-looking.”
Enrietta said clients ask about the vessel sinks they’ve
seen in magazines, but he stressed that those are examples
of the “high-end types of things and that can really add up.
“We did a remodel a couple months ago on a bathroom
that was about 10 by 12 feet and it was about $24,000. Then
we priced another one about the same size and it was more
like $35,000, just because of things like granite tops instead
of Formica.”
He said Chapman has been doing remodeling for more
than 30 years, although the company “took a little bit of a
break” from such jobs when the single-family market was
really cooking a few years ago. From his experience, the
most expensive remodel work is that involving kitchens
and bathrooms. “A job can cost anywhere from $100 to
$300 a square foot,” Enrietta said.
Remodeling magazine’s most recent Cost vs. Value Report
shows that the price of an average bathroom remodel
— a simple updating of paint and other standard finishes,
with a new tub — is $15,752 in the Mountain Region of
the American West. A job that includes expanding the
bathroom from 35 to 100 square feet, relocating all fixtures,
and installing a spa tub, a shower with body sprays, two
sinks in a stone countertop, a humidstat-controlled exhaust
fan, and heated towel bars, costs closer to $52,000.
And now what about lead? The metal, which was used
extensively in house paints and other compounds before
its toxicity was known, is now the bane of remodeling
contractors, according to Steve Pompei, who has had
Pompei’s Home Remodeling in Santa Fe for 23 years.
“I feel we’re at a perfect storm in our industry. The new
lead ruling is a big issue,” he said recently. “Every contractor
in America has to be certified by the EPA to work on any
house built prior to 1978.”
He refers to the Environmental Protection Agency’s new
Renovation Repair and Painting (RRP) rule regarding lead.
It applies anytime the contractor will be disturbing more
than 6 square feet of painted surface.
“First I have to inform the homeowner now that the
house may have lead,” Pompei said. “I have a lead test kit
and I’ll take a diagonal cut through the bottom of a window
sill or door jamb to expose all the layers of paint. If it has
lead, you’re [screwed]. We have to mask off the entire area
and we have to use a HEPA vacuum, which costs $1,200,
and all my guys have to wear Hazmat suits.”
The RRP certification costs $700, and the fine for
noncompliance is $32,000.
“We think this amounts to a 15 to 20 percent increase
in our business cost,” he said. A project remodeling two
bathrooms for a duplex in Los Alamos had a price tag of
$46,200. Of that figure, $6,800 was for lead abatement.
“Pre-1978. That’s all of Casa Solana, all of Casa Alegre.
This is my bread and butter,” Pompei said.
Quite apart from the issue of homeowners who opt to
do their own work, oblivious to the lead-dust danger, the
current work situation for remodel contractors involves
several other challenges. More custom-home contractors
are doing remodeling to make up work lost on the housing
downturn. They might not understand the importance of
A new bathroom by Chapman Homes
PAGE 17 BLACK CYAN MAGEN-
HOME MARCH 2011 17
dust control in protecting the family living there; and it
certainly takes work from remodel-only contractors.
“Today the jobs are much smaller, with a lower dollar
value,” Pompei said. “Up until about 18 to 24 months ago, a
bathroom remodel would be gutting it to the studs, maybe
expanding the bathroom, adding new electric, relocating
plumbing and doing all new fixtures, a jetted tub, and lots
of tile.
“Now I hear, ‘Leave the tub, Steve, leave the cabinets.’
We’re maybe doing new tile, maybe a new countertop, and
a paint job.”
Materials, permit, and regulatory costs are up, including
because of the city’s new Green Building Code. “I’m all
for it, but could you find a worse time? It’s getting to the
point where only the ultra-rich will be able to afford to do a
bathroom remodel.”
It’s cheaper for the homeowner to hire unlicensed
people to do the work. “This is what’s happening. I love it,
because I know I’ll be back there in a few years to repair the
mistakes,” Pompei said.
“More than ever, people need to be hiring experienced,
licensed, insured contractors.”
Getting down to the nuts and bolts of bathroom
remodels, Pompei said he helps clients focus on “making
better use of the space, whether you want a larger space
for a growing family or you’re looking at aging-in-place
remodeling, like ‘How will I negotiate this tub in 10 years?’”
Most homeowners want to get rid of the 1970s look. That
can be done by choosing elegant, modern glass tile and
stone elements as well as vessel sinks and water-efficient
toilets, including the dual-flush and Water Sense products.
Among the choices for updated bathroom countertops
are laminate, composites like Corian and Zodiaq, and
marble and travertine.
“For bathroom floors, give me tile any day,” Pompei
advised. “And if you don’t like tile because it’s cold, we can
do a radiant electric mat under the tile.”
He added that exhaust fans are very imporant, especially
in the very tightly insulated, newer homes. The homeowner
should invest in a high-quality
Panasonic fan, because the
cheap ones are loud and they’ll
end up never using it.
Remodel clients should be
prepared for roof penetrations
for venting. “Almost every
bathroom remodel needs
one,” Pompei said. “It’s needed
whenever you add or move a
tub or shower or sink.”
Over at ReBath, owner Tom
Poulin said people are wanting
products that are easy to clean,
with little or no maintenance,
and more than ever are looking
for products other than
tile because of moldy grout
issues. “We have solid-surface
products for tub and shower
surrounds that are nonporous
and very easy to clean. We’ve
done a lot of the LG HI-MACS
product up in Santa Fe for both
those and for countertops.”
Albuquerque-based ReBath
is going on its second year in
its current Santa Fe location on
Zafarano Street, following a few
years at Santa Fe Place. “But
ReBath has serviced Santa Fe
the whole 28 years we’ve been
in business,” Poulin said.
“Overall, our remodeling
is up 17 percent over last year
and 2009 was up about 25
percent, so we have not seen
a downturn in our ReBath
or in our 5 Day Kitchens
Bathroom remodel by Pompei’s Home Remodeling
Remodeling Market Index, 2001-2010
NATIONAL ASSOCIATION OF HOME BUILDERS
business. What we have seen it in is our
home addition business, Poulin Design
Remodeling. That has not come back
since 2008.”
The average price for bathroom
projects has come down a little, which he
attributes to people being more frugal.
ReBath is a Certified Aging in Place
Specialist. “One thing we offer is a
bathtub-to-shower conversion with a
seat and grab bars for a safe bathing
environment,” Poulin said. “We also have
a line of walk-in bathtubs that we can
substitute for your old tub.”
Interested homeowners will find a
wealth of remodeling resources at the
website of the National Association of
Home Builders. Check out nahb.org to
explore design, colors, cabinets, energy
efficiency, financing, and other aspects of
remodeling.
BLACK CYAN MAGENTA YELLOW
18 MARCH 2011 HOME
If you know little to nothing about
a particular topic and have not much
inclination to educate yourself even if a
problem affects you directly, you would
be one of the hapless suckers “born
every minute,” so aptly described by P.T.
Barnum. His marketing principle, alas, is
not limited to huckstering paying fools
into the circus sideshow, but thrives in the
worlds of politics and academia.
Mental entropy can be, and is, relied
upon in ivory towers and halls of power
to direct or, in a more sinister way, to
“nudge” thinking and behavior to guide
policy. As you might imagine, I do not
intend to address geopolitical issues; I
will simply point out, again, how a void in
critical thinking applies to even the most
humble of the building arts - earthen
architecture. When you throw “green”
building into the equation, the hyperbole
directed at the brain-dead grows
exponentially.
In this context I have had a lot of fun
with Mr. Barnum’s protégés. Remember
the zero-energy emerald, http://
crockerltd.net/adobe_zero_energy.htm?
And the Rastra scam, http://crockerltd.
net/adobe_rastra.htm? (I have an update
on Rastra - Oh, code enforcers! It
conducts water like a sieve and you need
to require, not prohibit, a moisture barrier
on the walls.) And, in exasperation,
bucket walls, http://crockerltd.net/adobe_
greenbuilding.htm.
Here is another good one. The
Spanish at the University of Seville
have collaborated with the Scots at the
University of Strathclyde to develop an
improved compressed earthen block.
A CEB is produced by using hydraulic
presses to create building blocks from
practically any local soil. In its simplicity
it is elegant, cheap and as green as it gets.
Academics, like those obfuscating
politicians, hate simplicity and all
except the really good mathematicians
abhor elegance. Driven, I suppose, by
an obligation to spend some ill-fated
grant money in the search for a global
solution to housing, the Spaniards and
the Scots tested and published their
ideas for improving compressed earthen
blocks - see Construction and Building
Materials Vol. 24, Issue 8, August 2010,
Pages 1,462 to 1,468. Among their claims
are that their blocks are inexpensive,
environmentally friendly because they
do not produce carbon dioxide during
manufacture, they utilize local materials,
and they are strong.
This is what they have done: they
have subjected the simple CEB to
“strengthening” by adding sheep’s wool
and a natural polymer derived from
seaweed. Who’d have thunk?
I have no doubt that based on
their testing they have improved the
compressive strength and modulus of
rupture of CEBs. But really, no CO2?
Do sheep exhale? Do they, uhmm, emit
other - well, you know, gasses? Is there
no exhaust from whatever mechanism
is used to compress the blocks, nor any
carbon involved in the hydraulic fluid?
And is seaweed locally available in, say,
New Mexico? You can buy the polymer
(it’s called alginate) for $49.95 for four-
and-one-half pounds, plus shipping.
Whoops, more of that dreaded carbon.
In this instance the “researchers”
have appealed to the suckers by taking a
product that doesn’t need improvement
and subjecting it to totally unnecessary,
expensive and alien materials. Then they
applied some exaggeration, probably to
assure themselves that they had fed the
green hysteria and to justify their work
to their sponsors. In practical terms they
accomplished absolutely nothing.
Old P.T. was right. And this one got
past a peer review.
Edward Crocker is the principal of Crocker
Ltd. (982-2448 or eec@crockerltd.net),
a contracting firm specializing in historic
preservation, structural stabilization of new and
older structures, and remediation of moisture
problems. He is a Fellow of the United States
Committee of the International Council on
Monuments and Sites.
UnderstandingAdobe
Pulling the wool
ED CROCKER
Today, it is no longer front-page news
that buyers are in control of the real estate
market, as it is beginning to stabilize.
There is more good news for sellers.
Homebuyers are not in control of social
networking online. Although social media
sites did not create the housing market
crash, they are creating new channels of
information between Realtors and buyers
and sellers that are stimulating activity.
Remember when you went to a dinner
party during the housing boom and
everyone would only talk about real
estate? Those same dinner guests are
now talking about social networking
and talking online about what they see
happening in real estate. These new
conversations on Facebook, LinkedIn
and Twitter are helping friends, fans and
followers make sense of the market.
The National Association of Realtors
recently reported that nine out of 10
homebuyers use the internet as a search
tool. Even though an increasing number
of buyers and consumers report they use
social-media sites for research before
they buy, NAR reported that only half
of all Realtor members are active social
networkers. Sellers might wonder whether
anyone is having a social networking
conversation online about their home.
Social networking sites - and blogging,
pictures, video and commenting - have
changed how Realtors reach buyers.
Now many buyers will often leave an
open house and tell everyone in their
online social networking sphere what
they think about the price, the home and
neighborhood. Their feedback moves
quickly online. If they use a smart phone,
they are talking from their car in front of
the home.
It is no longer possible to be a secret
agent in real estate. It is important for
your Realtor to now be in-the-know about
online social networking. Otherwise
their behavior there could become a
disadvantage. For example, Twitter is the
place to have a conversation about a new
listing to followers. It is not a place to
make sales pitches. Facebook is a better
vehicle to profile a home on the market or
promote a blog about the neighborhood.
LinkedIn is not the venue to advertise
listings. When done the wrong way due
to inexperience - or, worse, by ignoring
social-networking etiquette - their
marketing blitz or offensive behavior will
turn off prospective buyers like a cold
blast of arctic air.
In this new landscape of real estate,
buyers want to establish relationships.
This is important for sellers to understand
and use to their advantage when they
engage the services of a Realtor. Given
the merging of the internet and social
networking, buyers are more capable
of navigating information online. They
know their priorities because they have
often searched for real estate before
contacting an agent. They want to
reduce their financial risk by engaging
the services of people they know, like
and trust from their experience online.
Like you, they do not want to work with
strangers when they are ready to buy or
sell a home. See you next online.
Emily Medvec is an associate broker with
Sotheby’s International Realty. Her interest is
how social networking online changes how
we communicate and make decisions in the
marketplace. Follow her at www.twitter.com/
emilymedvec.
Socialnetworking
Twittering all the day long
EMILY MEDVEC
PAGE 19 BLACK CYAN MAGEN-
HOME MARCH 2011 19
LOOK AT US
IN A WHOLE DIFFERENT WAY...
online at
www.dresf.com
Explore really delightful properties
(both fine residential & commercial)
and be informed by reading our
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t el : 505. 989. 7741
A F u l l S e r v i c e R e a l E s t a t e B r o k e r a g e
BLACK CYAN MAGENTA YELLOW
20 MARCH 2011 HOME
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Call 758.2241 and we will mail you our monthly Homes real estate
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PAGE 21 BLACK CYAN MAGEN-
HOME MARCH 2011 21
BLACK CYAN MAGENTA YELLOW
PAGE 23 BLACK CYAN MAGEN-
BLACK CYAN MAGENTA YELLOW
PAGE 27 BLACK CYAN MAGEN-
BLACK CYAN MAGENTA YELLOW
28 MARCH 2011 HOME
DETACHED SINGLE-FAMILY HOMES
CONDOMINIUMS/TOWNHOMES
DUPLEX/X-PLEX
MOBILE HOMES
Santa Fe 2010
home-sale stats
1st quarter
2010
Homes sold/
median price
2nd quarter
2010
Homes sold/
median price
3rd quarter
2010
Homes sold/
median price
4th quarter
2010
Homes sold/
median price
City northeast 23 16 31 11
$675,000 $813,500 $670,000 $697,000
City northwest 7 12 9 9
$387,000 $371,500 $400,000 $417,500
City southeast 23 33 36 34
$430,000 $432,250 $462,125 $459,207
City southwest 57 89 69 60
$203,000 $239,950 $219,000 $219,000
City total 110 150 145 114
$464,000 $288,000 $318,000 $297,000
County north (Tesuque, Pojoaque) 2 12 8 5
$179,500 $548,250 $480,000 $605,000
County southeast 46 65 22 46
(including Eldorado) $387,750 $409,500 $354,500 $371,750
Eldorado 22 30 20 23
$317,000 $339,000 $354,500 $320,000
County southwest 27 36 31 30
$248,698 $264,030 $340,000 $260,082
County total 95 149 87 113
$318,224 $411,250 $389,000 $420,000
City/county total 205 299 232 227
$390,500 $345,000 $354,500 $340,000
City 57 54 73 70
$286,500 $238,500 $260,000 $225,000
County north 2 2 3 6
$485,000 $770,000 $327,000 $677,500
County south 3 2 0 0
$235,000 $298,000 — —
Total 62 58 76 76
(includes Los Alamos, Espanola) $286,500 $238,500 $265,000 $232,500
City & County 4 2 0 2
$170,000 $127,500 — $259,750
City & County 3 7 3 7
$80,000 $110,000 $189,000 $115,000
DATA SOURCE: SANTA FE ASSOCIATION OF REALTORS.
County northwest 20 36 26 32
$645,000 $550,000 $742,500 $677,500
been tracking absorption, the number of
months it would take to absorb the existing
inventory of homes on the market. His
mid-February post to Alan Ball’s Santa
Fe Real Estate Blog shows that the high
in the absorption rate for homes in all
price ranges was about 23 months in the
summer of 2009 — that is, it took nearly
two years for a home to sell. The figure was
at between 18 and 21 months most of the
time since, but it had dwindled to about 15
in December and January. That’s the most
positive indicator since 2007.
Toward the end of February, Julee
Brooke of Sotheby’s International Realty,
who works both in Taos and Santa Fe,
said business “has been slower but it has
just recently been picking up, because
prices are coming down and interest rates
are still low. Both sellers and buyers are
more realistic by now, and more people
are getting off the fence and looking for a
home. I think that’s what’s been shown in
the last couple of months.
“In Taos, prices in the lower to mid
ranges have been a little behind Santa Fe
but they have recently adjusted. There
are some really good deals and there are
some banks that are offering good deals. In
Santa Fe, we’ve had 15 sales of homes at $1
million-plus, compared to nine last year,
so we’ve seen more activity on higher end.
I know just in the ski valley there was a lot
on the market a few months ago and now
there are just a handful of properties on the
market below $500,000.”
One of the bottom-line questions is
whether homebuying activity, and home
appreciation, will come back to the levels
seen before the subprime-mortgage crisis
and the failures of Bear Stearns, Lehman
Brothers, and AIG in 2007-2008.
“I think someday it will be back where
it was,” Brooke said. “It’s still a good
investment overall, as long as you’re
planning to stay in the home. That means
buying smart, and I think most people are
buying smart. The market was really low
in the ‘80s and those people who held on
are still very comfortable, as long as they
didn’t take all their money out in home
equity loans. They’re very happy with their
investments, and I think that will be the
case again.
In his blog, Alan Ball quotes Celia
Chen of Moody’s Analytics saying that
home prices or values might not regain
the 2005/2006 peak until 2021, or in some
cases until 2030, or longer.
Warren Sacks, vice president at Barker
Real Estate, said, “Believe it or not, January
had the most residential units go under
contract in Santa Fe County in the last five
months. I think with rates increasing and
with buyers being on the fence for so long,
they’re just tired of deferring life, as it were,
and they’re deciding it’s time to purchase.
It is interesting that our luxury market,
that part over $800,000, has seen a lot of
activity.
“It’s looks like inventory is slightly
decreasing, but it always does this time of
year. People put their homes on market
in the spring. We are seeing a lot of bank
product being absorbed, no question.”
After the big drop, perhaps the market
has leveled off at a new, lower plateau, and
this will be “the new normal.”
“It’s not the most popular answer,
but that’s the truth,” Sacks responded.
“We’re going to return to traditional
homeownership, what we saw from 1950
to 2000. People will be buying to raise a
family and you won’t see so much of the
greed that propelled the market from 2000
to 2005 with all the investors and second-
home owners.”
He predicted that in 2011, the number
of transactions will be about the same as
in 2010. “I think values will fall another 5
percent. I have more hope for the future,
meaning that I think we’re starting to level
off.”
During a January breakfast meeting
during which the Santa Fe Association of
Realtors released sales statistics from the
fourth quarter of 2010, SFAR president
Jo Anne Vigil Coppler said there was “no
earth-shattering news” to report. There
were 509 homes sold in 2009 and 527
sold in 2010 in the city of Santa Fe; in the
county, it was a similar small increase: from
457 in 2009 to 475 last year.
Vigil Coppler opined that the market
will not go back to what it was in 2005 and
2006, and that “we’re now getting more
into reality... We’re still in a recovery mode
and who knows? This may be where we’ll
By Paul Weideman
T
here are a bunch of indications that
the real-estate market is recovering,
but of course after two years of painful belt-
tightening, the slightest improvements feel
like bliss.
Following is a sampling of voices on the
issues; their information in general spells
c a u t i o u s o p t i m i s m.
“The year [2010] ended on a good note
with December sales coming in stronger
than a year ago,” said Jonnalyn Grover,
managing broker of Coldwell Banker
Trails West Realty, in early January.
“Absorption rate is also up 1.5 percent,
a really good sign that more buyers are
getting into the market.”
A few snippets from Santa Fe
Properties’ Fourth Quarter 2010 Market
Report: “Compared to the heady market
of a few years ago home sales are slow,
but they are steady... Market forces have
reached equilibrium in Santa Fe. Sales
activity in homes has settled in at a new
level with about half the number of sales in
2009 and 2010 as there were at the peak in
2005 and 2006.
“The average home sale price is down
from about $475,000 to $390,000 in the
same years... On the street level, Realtors
feel that buyers who have been on the
sidelines are making their moves.”
During the downturn, Alan Ball of
Peters & Associates Real Estate has
Market shows some improvement
BLACK CYAN MAGENTA YELLOW
30 MARCH 2011 HOME
The amount of the down payment to
purchase a home has been increasing
since the housing bust. The median down
payment in nine major cities in the U.S.
rose to 22 percent last year on properties
purchased with conventional mortgages,
according to the Wall Street Journal. This
amount has doubled in the last three years
and represents the highest since tracking
this data began in 1997.
One reason for this occurring now is
that the borrower can avoid the cost of
private mortgage insurance (PMI). If a
borrower puts less than 20 percent down,
PMI is required by Fannie Mae or Freddie
Mac. This insurance protects the lender,
i.e., Fannie or Freddie, in the event the
mortgage goes into default. PMI is fairly
expensive and offers no benefit to the
borrower other than that the property can
be purchased with less than 20 percent
down.
Increasing the down payment will
discourage delinquencies by forcing
borrowers to have “more skin in the
game,” increasing their exposure to loss
and reducing the impact of declining
home prices. The median down payment
began to inch downward in the late
1990s and in the early to mid 2000s
fell to an average of about 4 percent, in
some markets came close to zero. The
idea driving the lower down payments
was to put more people into home
ownership. When prices began to tumble
and unemployment began to increase, a
homeowner with difficulty meeting the
monthly mortgage obligation and little
to no money into the property, had an
easy decision to walk and give back the
property to the note holder.
The Obama Administration recently
called for gradually raising the minimum
down payment to 10 percent. Federal
Deposit Insurance Corporation (FDIC)
chairman Sheila Blair also recently
announced that she supported a
minimum 20 percent down payment.
It seems likely to me that we will see a
required minimum of 10 percent down
payment in the near future, with PMI
required for the borrower. Borrowers
that represent more risk - that is, those
with lower credit scores and a lower down
payment - are currently facing higher
interest rates and lower allowable debt
ratios. This discourages or disallows
mortgage financing to purchase a
property.
Mortgage interest rates have been
slowly increasing since April 2010. Higher
borrowing costs coupled with greater
down payments will reduce the number
of potential homebuyers and thus likely
keep housing prices stable until the excess
housing inventory is eliminated.
In a different twist on this subject,
with the threatening imminent housing
bust back in the mid 2000s, the PMI
companies increased their required down
payments, required higher FICO scores
and lowered debt ratios to avoid greater
insurance losses. Probably due to slower
purchase sales and declining business, the
PMI companies have begun to relax those
requirements. Currently, if a borrower has
good credit, debt ratios no greater than 45
per cent, and two months cash reserves
in the bank, PMI will allow a minimum 3
percent down payment, which is currently
acceptable to Fannie and Freddie. But
probably not for long.
David Hultin (505-946-2521) is a residential
mortgage-loan officer for New Mexico Bank
and Trust. He previously worked in the
mortgage divisions of two of the largest banks in
the United States.
Return of the down payment
DAVID HULTIN
HomeequityAdvantage
Seniors who have lived in their home
for many years may be facing a very
difficult decision: to move or not to move.
This is a process that can be difficult
at best. There is a lot of emotional
attachment to deal with, not to mention
the hard work that has to be done and the
many decisions that have to be made. I
hope this helps with an idea of where to
start the process.
First, you will have to decide where
the best place is for you to land. Is it a
retirement community, or is it a smaller
house, or an apartment? For some with
major health issues, it may be an assisted
living facility. Once you know where you
are going, you will need a dimensioned
floor plan of the space and you may
need some help with planning the space.
Knowing where you are going will also
help you to narrow down the kinds of
items you can take with you. If you are
going to an assisted living home, you will
not need cooking utensils and all of your
fine china. Many decisions will be much
more difficult than which dishes to take
along.
Likely you have ordinary items that you
no longer have use for and many things
that have just accumulated over time as
well as treasured mementos or furniture
that has been bequeathed to you by your
family. These are not easy to give up.
Perhaps making a list of all your most
treasured possessions and deciding which
would comfortably fit in your new home
is the first step. You may want to start in
places like the storage area of your home
and bedrooms that are not often used.
Once you have decided which items
you are keeping, donating, or passing on,
you may want to gather family and friends
to offer the pieces to them. Do share
stories of why these items are special to
you, then your gifts and generosity will
be all the more appreciated, thus assuring
you that your special piece will be well
taken care of. For items that you would
like to donate, there are many nonprofit
organizations that will pick the items up
and save you the trouble.
So now you may still have many
wonderful items... now what? There
is only one place in Santa Fe that can
evaluate antiques and the remainder
of your estate and be instrumental in
liquidating your estate all in one swoop.
Having the help of a professional
designer to help edit your inventory and
plan your new space can also be very
helpful. The experience and collaboration
of a professional designer and an estate
specialist are very valuable; this is
something you may want to find out more
about.
Making your “home” in your golden
years is a very important course of action.
However you decide to spend your
retirement years - whether traveling,
golfing, gardening, or any other activity
- your home needs to fit your personal
lifestyle. Above all, relax, know that you
planned and have made the right choice.
Lisa Samuel ASID, IIDA is a Santa Fe
native and is owner/president of Samuel Design
Group, located in the Railyard Artyard lofts.
She is an award-winning interior designer
(licensed interior designer #313), a lighting
designer, and furniture designer.
Moving in the right direction
LISA SAMUEL
ArtfullivingByDesign
PAGE 31 BLACK CYAN MAGEN-
HOME MARCH 2011 31
WaterCop Authorized Dealer
(505) 471-9036 in Santa Fe
Moving?
Don't want to take it with you?
Go Green - Keep it out of the landfill!
Donate
your gently used furniture,
appliances and building materials to
the Santa Fe Habitat for Humanity
ReStore.
A fund raiser for Habitat for Humanity.
Call 505-473-1114 to schedule a pick up.
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Hours: Monday - Saturday 9:00 a.m. - 5:00 p.m.
200 W. DeVargas, Suite 2 • Santa Fe, NM 87501 • 505-982-4201
Missy Wolf, Associate Broker • 505-310-9700
Marcia Wolf, Qualifying Broker • 505-982-4201
BLACK CYAN MAGENTA YELLOW
32 MARCH 2011 HOME
Live the Resort Lifestyle...
THE FLANCE COMPANY
Stephen R. Flance
Qualifying Broker and Owner
505-988-9891

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Exclusively represented by
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Call Steve Flance
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All information contained herein is deemed reliable, but no representations or warranties are made as to the accuracy of the information. Availability is subject to
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A FAMILY OF BUILDERS
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PAGE 33 BLACK CYAN MAGEN-
HOME MARCH 2011 33
56PolmoodFarmRoad, TomJoyce
wall sculpture
inside adobe walls
BLACK CYAN MAGENTA YELLOW
36 MARCH 2011 HOME
BarkerRealtySF.com
Stellar Quail Run Properties
Trish Love
505.992.3573 direct
505.670.1229 cell
plove@barkerrealty.net
Paul Stenberg
505.992.3347 direct
505.670.4242 cell
pstenberg@brisf.com
www.quailrunsantafe.com
Unit #677 | Asking $995,000 | MLS #201004093
4 bed, 4 bath | Approx 2,800 sq. ft.
Unit #115 | Asking $395,000 | MLS #201003025
2 bed, 2 bath | Approx. 1,279 sq. ft.
Unit #641 | Asking $699,000 | MLS #201004359
2 bed, den, 2 bath | Approx. 1,815 sq. ft.
“Barker Realty, the offcial On-Site Real Estate Broker for 6 years!
Our development expertise, consummate service and inventory is
unsurpassed. Our current listings range in size from 782 to 2,800 sq.
ft. and range in price from $305,000 to $995,000. Please contact Paul
or Trish for all your Quail Run Real Estate needs!”
Offcial On-Site Quail Run Brokers
“We would love to apply for the job of selling your home!”
www.ddsantaferealestate.com
Stephanie Duran
(505) 204-2491 | stephanie@ddsantaferealestate.com
Michael D'Alfonso
(505) 670-8201 | michael@ddsantaferealestate.com
144 Gonzales Rd. #9 | $389,000
MLS #201006512
U
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3524 Via Brisa Rd. | $375,000
MLS #201006525
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505.982.9836 | 1.800.586.1032 | 530 S. Guadalupe Street, Santa Fe, NM 87501| BarkerRealtySF.com
PAGE 37 BLACK CYAN MAGEN-
HOME MARCH 2011 37
Darlings,
The Ides of March are upon us. Should
we beware? The way things are going all
over the world, it seems as if maybe we
should. But I’m focusing on other things,
anyway, Butter Beans, because I simply
can’t think about that today — I’ll think
about it tomorrow. (Scarlet, for as selfish as
she was, knew how to survive.)
On a more personal note, let’s talk
about the March Realtor Couple of the
Month. We’re happy to have chosen Janet
and Tony Rousselot, who happily joined
Karen Walker Real Estate a couple of
months ago. To say that in no way implies
they were unhappy at their previous office
(Sotheby’s International Realty). What it
really means is that Janet and Tony are
generally happy people. Tony thinks the
happiest day of his life was the day he met
Janet. (This should have been a Valentine’s
Day story). Obviously, it was fate — he
was temporarily working at Alpine Sports
when Janet came in to buy a pair of ski
boots. That was a long time ago, Cupcakes,
because they’ve been married for 20 years
now. Happily.
Janet was one of Karen Walker’s (and
many others’) favorite closers at Territorial
Abstract & Title when it was located
on Luisa Street way back when. Wow,
back when Territorial had its legendary
Christmas parties, and the Eurythmics
were singing “Sweet Dreams Are Made
Of This.” (Oh, Doll Babies, I want to go
back.) We always loved how she — Janet, I
mean, not Annie Lennox — acted cool as
a cucumber at a closing when somebody
had a temper tantrum (the client, of
course, never the Realtor) over a missing
page or two in the loan documents.
Janet’s cool demeanor and
entrepreneurial spirit propelled her into
opening and operating a very successful
property management business, The
Management Group, which she sold a few
years ago. She and Tony have been selling
real estate together for years, and together
they have perfected that “Never let ‘em see
you sweat” look. Which is a great look, by
the way.
The Realtor Retiree of the Month
is Jonathan Carleton (City Different
Realty). He had that look, too. In my
anthropological study of the American
Realtor, I’m collecting data that points to
that “look” as one of the characteristics of
a successful Realtor. But Jonathan still has
that look in his new endeavors - working
out at the gym and traveling about the
country with his partner, Alex Gancarz.
The real-estate community will definitely
miss Jonathan, and we only hope that he
won’t be so busy that he’ll forget to miss us.
(Surely that’s not possible, Crumbcakes).
The Expat Realtor of the Month is
Victoria Ryan. Dearest Readers, she has
been absent from the Santa Fe real-estate
scene for several years, but I thought you
might find an update of her life interesting.
Victoria moved to Mexico permanently
about 16 years ago. She owns and operates
a B&B, La Casa Encantada, with her
partner, Cynthia, in Patzcuaro, a charming
colonial city located about halfway
between Guadalajara and Mexico City.
Business was quite good until the recent
drug wars, which have not seriously
impacted this part of Mexico, but fear
has taken a toll on tourism, which in turn
has taken a toll on La Casa’s occupancy
rate. This has given Victoria more time to
paint... there’s always an upside to every
downside, uh-huh. And she still finds life
in Patzcuaro and surrounds magical. If
you’re thinking you’d like to explore some
historic colonial cities in Mexico, visit
Victoria’s website, www.lacasaencantado.
com, and make reservations to stay in a
sweet little B&B just half a block off the
plaza. (Sounds very much like an ad for
someplace in Santa Fe, verdad?)
I’ll close today with a couple of
noteworthy milestones. Vicki de Castro
Lewis (daughter of Fred and Barbara de
Castro) died Jan. 10 at age 54. She was a
beautiful girl in her early 20’s when she
worked as a receptionist/secretary at
Monte Sol Realtors in the early 80’s. Vicki
was unfailingly kind and attentive to the
needs of the Realtors and their clients. And
she was so attractive that the FedEx guys
fairly tripped over themselves to get to her
desk when they delivered a package to the
office (which they did every chance they
got). Sincere kindness and unassuming
beauty... an unforgettable combination,
appreciated and remembered for years to
come.
Laughlin Barker (founder of Barker
Realty and father of David, the current
owner/broker) died on Feb. 16 at age 89.
Laughlin was a third-generation Santa
Fean. After graduating from Santa Fe
High, he attended New Mexico Military
Institute for a year, was appointed to
the U.S. Naval Academy in Annapolis,
served as a naval pilot in World War II
and finished his military career as a naval
commander, and in 1964 returned to
Santa Fe with his wife Rene and their six
children.
From the mid-1960s on, Laughlin
Barker was a powerful force in the
City Different, and he was a well-
respected and prominent leader in the
real-estate community. Because of his
many contributions to Santa Fe, he was
deservedly honored as a Santa Fe Living
Treasure in 2007. Laughlin touched many
lives. His personal accomplishments
include a successful 65-year marriage
to his high school sweetheart, Rene,
and a string of successful children and
grandchildren to carry the Barker legacy
forward.
So long, Sweetpeas. Until next time...
Oakley
Oakley Talbott, aka Merrily Pierson, can be
reached at merrilypierson@cox.net
OutandAbout
News of Realtor activities, and
of twosignificant passings
OAKLEY TALBOTT
Janet & Tony, still a cool duo after all these
years
Jonathan, now
Jonathan, then
Victoria (holding Senorita, the dog) and Cynthia
enjoy the expat life in Mexico
Procession of Silence, Semana Santa, Patzcuaro,
by Victoria Ryan
Laughlin Barker, 1921-2011
BLACK CYAN MAGENTA YELLOW
38 MARCH 2011 HOME
Nothing seems to invigorate the great
American debate more than the topic
of taxes, and no tax subject hits home
harder than the property tax. Lately our
local media has been filled with stories of
outraged homeowners on the verge of war
over their property taxes so we thought
we would dedicate this month’s article to
the civil and constitutional approach to
protesting your property tax.
The County Assessor’s Office
determines property-tax values and if
you plan to challenge your property
tax, this is the place to begin. There are
several categories to protest, including
agricultural use and residential
classification, but if the core of your
protest is market value then you will need
to focus on the appraised value that the
county assessor has determined for your
property. Once you identify that amount,
compare it to comparative values in
your neighborhood and if you have an
unfavorable discrepancy then you should
file a protest.
It is the responsibility of the county
assessor to determine and maintain
current and correct values of properties
and many times discrepancies can be
resolved by meeting with your assessor
and sharing the comps you have and
compare them to the comps that they
used. This is one of those cases where you
get better results with sugar than salt and
if you are friendly and honest with your
presentation, you will get better results. If
you do not get the result you want dealing
directly with the assessor’s office, you have
the right to have your case heard before
the County Valuation Protest Board.
This board is composed of impartial,
objective local residents who volunteer
their time to resolve these disputes before
they go to district court. Once you have
a hearing scheduled, focus on preparing
your case so that it is accurate and
organized. It is really important to keep in
mind that the taxes you pay this year were
from appraisals done the previous year,
so if you are protesting 2010 taxes your
case will need to be built on 2009 comps.
Your evidence can come from a real-estate
broker who will compile sales of homes
from 2009 that are similar to yours and
can even appear as a witness to help your
case. Appraisals are also helpful, but
make certain that you order a retroactive
appraisal, as the board will not consider a
current market appraisal.
When you get to the hearing, you
should know all the players. The assessor
who appraised your property will be
there and often an attorney for the
county. (You can have an attorney, too).
A representative from the State Taxation
& Revenue Department will chair the
hearing and then there will be the two
board members. The property tax code
states that there is a presumption of
correctness, and values are presumed to
be correct. This means that the burden
of proof falls on the shoulders of the
property owner and therefore you will
present your case first. State the value you
believe for your property and present your
comps to the chair to enter as evidence.
Don’t be unnerved by the county attorney
who will probably object to most of
your evidence. The chair does not rule
on objections, only acknowledges that
objections are made, so keep on going.
Focus your presentation toward the
board members, because they are the
ones who will rule on whether or not
to make a change in your valuation.
Once you finish, the county will make
its presentation and it will likely be well-
organized and professional. Be ready
to refute their comps if they are not
representative of your neighborhood and
keep in mind that your goal is to defend
the value you stated.
Be respectful and courteous and even
if you don’t slam-dunk the county, the
board may give you the benefit of the
doubt if both arguments are reasonable.
Fiery rhetoric often accompanies
disputes over taxes so before you begin
your campaign for property tax fairness,
be sure of what you are disputing. If
your goal is to vent anger over unfair
discrepancies between your taxes and
those of your neighbors, or to argue the
constitution, or recite a list of government
waste and corruption accusations, you
will be wasting a valuable opportunity
and your efforts will fall on deaf ears as
the only jurisdiction the board has is over
valuation of your property and nothing
else. If you have the comps and keep your
protest within parameters, then you stand
a really good chance to have your taxes
adjusted. Our government is a reflection
of ourselves and if we want it to be honest
and civil, again the burden is on us.
Melissa Pippin-Carson and Roger Carson are
associate brokers with Sotheby’s International
Realty. Read their blog at DatelineSantaFe.
com or call them at 505-984-5128 with your
comments or questions.
SpousessellingHouses
Protesting your property taxes
ROGER CARSON
MELISSA PIPPIN- CARSON
Recent Home & Land Sales
Sales data for the period
Jan. 19-Feb. 18 from Santa
Fe Association of Realtors
MLS reports. Not all sales
are reported.
Homes
$153,000
$388,250
$399,000
$420,000
$545,000
$685,000
$1,273,000
$1,500,000
$1,550,000
Land
$79,900
$79,900
$159,000
Homes
$85,000
$825,000
$151,500
$190,000
$242,000
$246,430
$264,500
$328,080
$420,000
$434,000
$649,900
$850,000
$1,195,000
$2,206,500
$605,000
Land
(None)
Homes
$247,000
$395,000
$305,550
$1,150,000
Land
$131,000
Homes
$185,000
$224,516
$225,500
$261,000
$97,000
$107,000
$150,000
$150,000
$171,200
$175,000
$260,000
$269,900
$282,000
$283,000
$299,578
$350,000
$163,500
$190,000
$199,900
$210,000
Land
$120,000
county
Homes
$160,000
$239,000
$312,000
$465,000
Land
$147,000
Homes
$265,000
$349,000
$399,500
$500,000
$515,000
$695,000
$915,000
$991,890
$2,400,000
Land
$188,000
Homes
$274,900
$485,000
$125,000
$337,500
$365,000
$209,000
$215,000
$224,000
$273,000
$296,000
Land
$92,500
$199,000
Homes
$273,000
$385,000
Land
(None)
Homes
$744,392
$875,000
$1,000,000
$1,170,000
$1,835,000
Land
(None)
PAGE 39 BLACK CYAN MAGEN-
HOME MARCH 2011 39
A F u l l S e r v i c e R e a l E s t a t e B r o k e r a g e
505.989. 7741 • 433 WEST SAN FRANCI SCO STREET SANTA FE, NM 87501
expect more.
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GREAT LISTINGS
.
VIRTUAL TOURS
.
SANTA FE STATISTICS
.
MULTIPLE PHOTOS
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BROCHURES
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www.dresf.com
Wm. David Dougherty, Broker . Clara L. Dougherty, Broker Associate . Lori Lanier, Broker Associate . Jennifer Gallagher, Broker Associate . Pam Alexander, Office Manager
432 Camino del monte Sol Charming, updated adobe home with 2 Bedrooms and 2
Baths. The 1,475 Sq/Ft home has a wonderful country kitchen with colored concrete and tile
counters, stainless appliances, an atrium style dining area, living room, 3 fireplaces, plus a single
car garage. The enclosed courtyards are adorned with flagstone walkways and colorful plantings.
Close to Canyon Road, galleries, restaurants and hiking trails.
mlS #201000467 $725,000 $625,000
Listed by Clara L. Dougherty, 690-0471
2038 Kiva Road Great Price Reduction on this charming 1,809 Sq/Ft Stamm house, in Casa
Alegre, features 4 Bedrooms and 1 3/4 Baths. Situated on a large lot, the home has been very
well maintained and has vigas, a kiva fireplace in the living room, carpet, tile & vinyl floors. Con-
veniently located near shopping and schools. Ready for you to move in or update to your liking.
mlS #201005535 now offered at $230,000
Listed by Clara L. Dougherty - 690-0471
Wm. Dav i d Do u gh e r t y, Br o k e r • Cl ar a L . Do u gh e r t y, Br o k e r As s o c i at e • P am Al e x an de r , Of f i c e Man age r
BLACK CYAN MAGENTA YELLOW
40 MARCH 2011 HOME
‘Fortress’ targeted for substantial renovation
By Paul Weideman
I
f you were to look at the Manuel
Lujan Sr. Building on the corner of
Alta Vista Street and St. Francis Drive
from the sky, you would see that it is
square. Or, in architect Laura Chancellor’s
words, “exquisitely symmetrical.”
The volume of the 1974 building is
apportioned at 27,500 square feet on the
ground level and 27,000 on the second
floor, yielding a slight but satisfying
impression of weightiness at the earth.
In fact, it looks a little like a truncated
pyramid.
That’s no coincidence. Roy Woods said
the building’s architect, Ted Luna, once told
him he had returned from Central America
and was influenced by ancient religious
structures he had seen there.
The aspect of symmetry in the Lujan
building is accentuated by the fenestration
pattern: the windows — each one 54 inches
high and 24 wide and placed within a
scooped cutout in the rusticated-concrete
exterior — are placed rhythmically every
five feet around the building perimeter at
both the first- and second-floor levels.
“Driving by, we thought it was an ugly
building,” Chancellor said, “but then as we
got to know it, it has a lot of grace.”
A member of the team at Conron &
Woods Architects, she is heading a two-
phase renovation design for the Lujan
building.
Perhaps generally despised for its
association with state income tax — it is
the home of the New Mexico Taxation &
Revenue Department — the Lujan Building
is also sort of a hidden architectural
treasure in Santa Fe.
“It’s like a cake,” Chancellor said. “First
you think it’s this intense architectural
statement, maybe a little Brutalist, but when
you get close to it, there are these exquisite
grooves in it and it’s in like new condition;
it’s astonishing how fresh it is.”
It is also tremendously solid.
“This is a post-tension building,”
said Conron & Woods’ Martin Kuziel.
“It’s basically a system of cables that are
poured in place, then they’re tightened,
just like a bridge. Concrete works best in
compression. It makes for a very strong
building.”
“It’s a fortress, which is great for Taxation
& Revenue,” Chancellor added. All of the
ceilings inside are the exposed undersides
of the structural concrete waffle slabs; this
only increases the feeling of massiveness.
The building was constructed to serve
as the state’s data center. The floors are
capable of supporting in excess of 300
pounds per square foot, to accommodate
the large mainframe computers used in the
late 1960s for data processing.
However, soon after completion, the
building was chosen to be the quarters
of Taxation & Revenue. That shift posed
lingering disadvantages for members of the
public, since the building wasn’t designed
with them in mind. That will be addressed
in the renovation, including with better
signs. It will also replace worn-out HVAC,
plumbing, electrical and lighting systems.
Down the road a bit, the renovation
work will require the removal of the
approximately 220 employees to another
location for about one year.
The state and Conron & Woods aim
to achieve a LEED (the U.S. Green
Building Council’s Leadership in Energy
& Environmental Design) certification.
The cavelike interior will be brightened by
moving offices now situated around the
outside of the floors, blocking light from
the windows, to the center of the building.
This will create a sunlit, 5-foot walkway
around the perimeter.
“Also, the customer service area is pretty
dismal and we want to make it feel more
welcoming, more helpful,” Chancellor said.
“It will be a more pleasant building to
come pay your taxes,” Woods said.
PHOTOS BY PAUL WEIDEMAN
RENDERING COURTESY KENT BLAIR / CONRON & WOODS ARCHITECTS
PAGE 41 BLACK CYAN MAGEN-
HOME MARCH 2011 41
We live in a land of vast abundance,
but Northern New Mexico is, of course,
also prone to water shortage. Water
has sustained life here for hundreds of
years; however, history has shown that
prolonged droughts occur from time
to time and consequently we need to
manage water very wisely.
It is a life-giving substance, enabling
our communities and economies to
survive and thrive. This becomes
especially apparent from the air, where
one can see a vast majority of New
Mexico’s population living within miles of
the Rio Grande. Santa Fe is lucky in that
it has both the Rio Grande and the runoff
from the Sangre de Cristo Mountains for
its water supply.
This easy access to water created an
ideal location for our community and
local agriculture. Garcia Street and the
surrounding areas used to be farms not
long ago. You can still see the sign for
the old Gormley’s trading goods store on
Canyon Road, where local farmers would
drop off their produce for folks from all
around the area to buy. Of course, this
store of bygone times is now a high-end
art gallery, and its function has been
replaced by the local farmers’ markets.
To support an agrarian-based economy,
Santa Fe used to have more than 30
active acequias running through the city.
These irrigation ditches were cleaned and
maintained by the people living along
them. They were the lifeblood of many
Northern New Mexico communities.
Most are long gone, and we have moved
from an agricultural-based economy to a
more diverse, modern one. Although the
method of moving our water has changed
dramatically over the last century, our
dependency on it has not. Water remains
a local resource that is required for a
strong, local living economy.
Water is local and will remain local.
It has been the foundation of the
economy for past decades and will
continue for decades to come. It cannot
be manufactured offshore, nor can it
be outsourced. It is our most precious
resource and it is the base on which our
local economies are built. Even so, for
most of us, water remains out of sight and
out of mind.
Like our local produce, water is not
a given and requires constant tending.
Continued focus and investment is
required to enable all of us to live in this
area of abundant beauty. Without water,
there is no growth, no local communities
and no “us.” We can be proud of our past
water-conservation efforts, but as any
farmer will tell you, last year’s crop is no
indicator for next year.
Water is not only a life-giving resource;
it also is an economic engine. We have
moved from an agrarian economy to
a mixed economy, but water is still
critical to our growth. Unnoticed, it
is also driving a growing number of
thriving water-related businesses: we
are truly blessed to have an unbelievable
array of world-class water experts and
water businesses. These businesses and
individuals are local and can help us build
a sustainable future in this arid area we all
call home.
Doug Pushard (Doug@HarvestH2o.com) is
the founder of the website www.HarvestH2o.
com and has designed and installed residential
rainwater systems for 12 years. He is a member
of the Santa Fe Water Conservation Committee
and a board member of the American
Rainwater Catchment Systems Association.
WaterenergyNexus
Water is local
DOUG PUSHARD
The Santa Fe Association of Realtors
(SFAR) prides itself on offering courses
that support Realtors’ educational goals
and I’m delighted to share that we have
recently been awarded a $5,500 grant
from the Stanley H. Mathis Foundation
to help underwrite a “Business Ethics for
Business People” course.
The course, which counts toward
a National Association of Realtors
quadrennial ethics requirement, takes
place at the 2012 Realtors Association
of New Mexico Annual Leadership and
Legislative Conference hosted in Santa
Fe. The funds will allow the association
to reduce the cost of the course to
participants; the foundation will provide
three travel scholarships for Realtors
traveling to Santa Fe from other parts of
the state.
Established in 1975, the Stanley
H. Mathis Foundation is a nonprofit
organization devoted to fostering high-
quality educational opportunities for
New Mexico Realtors. The foundation
began by offering courses on a wide range
of topics, including New Mexico real
estate law, agency, and the code of ethics.
During the last two decades, its role has
evolved to supporting a broad base of
education opportunities. Contributions to
the foundation are tax-deductible and can
be made in various ways, including a real-
estate donation, personal property, cash
donations or gifts in kind.
Ethics is an important component of
any business and particularly those that
involve relationships. The Realtor Code of
Ethics is a dynamic, living document that
guides members’ professional activities
and relationships with other practitioners.
The code assures the public that
Realtors will not deny any person equal
professional services based on race, color,
religion, sex, handicap, familial status, or
natural origin. In 2010, it was amended
to add no discrimination on the basis of
sexual orientation. Two other changes
focused on how Realtors cooperate with
brokers to promote clients’ interests,
and how Realtors apply the code to the
Internet and mobile technology.
The SFAR Professional Standards
Committee is chaired this year by David
Barker, Barker Realty. David has led the
committee in the past, with the mission of
implementing the code of ethics through
arbitration to resolve commission
disputes and conducting ethics hearings.
SFAR’s Grievance Committee, which
determines if a violation has occurred,
is chaired by Kurt Hill affiliated with
Adobes & Dirt, LLC.
Other SFAR committee heads for 2011
are Charles Smith, PreVue Property
Inspections, chairing the Affiliates
Committee; Baro Shalizi, Shalizi Real
Estate, heading up the Bylaws Committee;
Pam Ostrowski with Professional Asset
Management chairing Commercial
Council; Cate Adams, Sotheby’s
International, offering leadership for
the Community Services Committee;
Marc Martin, Stewart Title, serving
as Education Committee chairman;
Coleen Dearing with Coldwell Banker
Trails West chairing the Government
Affairs Committee; Susan Harris, Susan
Harris Realty, leading the International
Council; Patrick Coe with Prudential
Real Estate serving as Marketing
Committee chair; Denise DeValle, Varela
Real Estate, chairing the Membership
Committee; Melissa Pippin-Carson with
Sotheby’s International Realty offering
her leadership to the Multiple Listing
Service Committee; Caroline Russell,
2010 Realtor of the Year and affiliated
with Sotheby’s, chairing the Realtor of
the Year Committee; Lois Sury, Sotheby’s,
serving as Realtor Political Action
Committee Chair; and Paul McDonald of
Sotheby’s chairing our newest board, the
Technology Committee.
Donna M. Reynolds is chief executive of the
Santa Fe Association of Realtors. Contact
her at 982-8385 or donna@sfar.com.
FromtheDirector
Grant received for ethics course
DONNA REYNOLDS
BLACK CYAN MAGENTA YELLOW
42 MARCH 2011 HOME
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe 231 Washington Avenue • 505.988.8088
3101 OLD PECOS TRAIL #808 $675,000
Pinon B model, 2BR, 2BA, remodeled with: bamboo
cabinetry, Viking appliances, remodeled baths. On a
private cul-de-sac next to a greenbelt. #904637
Q
u
a
i
l
R
u
n
R
E
D
U
C
E
D
!
BONNIE 505.954.0736
bonnie.sorenson@sothebyshomes.com
Vi si t our Websi t e:
Sant aFeReal Est at eToday. com
Informative • Comprehensive • Smart
DAVID 505.670.5515
david.sorenson@sothebyshomes.com
David & Bonnie Sorenson
• Most Comprehensive Santa Fe Real Estate Statistics
• Search Complete Santa Fe MLS
• Current Santa Fe Information
PROPERTIES
HAVE SOLD
“We Need New Listings”
Call us for a consultation
Our Clients Are the Best!
In a town where every third person is in real estate and can find you “the perfect house”,
Bonnie and David are consummate professionals with unmatched integrity that actually
CAN find you the perfect home to fit your lifestyle and needs. They will take the time to
educate you on the Santa Fe market and patiently guide you into the “right” home. Just
as important, they will not let you inadvertently buy the “wrong” home. This is a huge
plus given the rather unique nature of “The City Different” real estate market.
We met Bonnie and David at an open house 8 years ago. Since then they have
skillfully guided us into: 1) a “second” home; 2) sold that home for us; 3) found us our
permanent home. They played a crucial role in getting us a comfort level that allowed us
to relocate. They are simply the best realtors we have ever dealt with.
Jeff & MJ Rankin
Bonnie and David were wonderful partners throughout our home buying experience. We
were living out of state when we first started working with the Sorensons. They took the
time to understand what we wanted in a home and neighborhood and kept us posted
about possibilities. When we came to Santa Fe to search, they made it so easy that we
found the perfect house in only a few days. They helped us throughout the transaction
and even after the purchase was complete, they were a terrific resource for recommending
everything from services to restaurants. Home buying can be very stressful, and moving
to a new state even more so, but Bonnie and David make it not just pain free, but fun.
It’s all true!!
Jill Dillon
MONTE SERENO
$229,000 -$409,000
$169,000 - $349,000
NORTH SUMMIT
Gated Development
LOT & PLANS
$359,000 $289,900
TANO ROAD AREA
Desirable Location
5 ACRES
$319,000 $189,900
LAND/LOTS
ARE SELLING!
Call us to see these
great view lots!
MARY ARNOLD
505.577.5446
mary.arnold@sothebyshomes.com www.EldoradoAreaRealEstate.com
RANCHO VIEJO
KENT JONES
505.670.2262
kent.jones@sothebyshomes.com
2962 PLAZA BLANCA $239,000
Beautiful 2BR, 2BA, 1-level, 1,330 sq ft
townhouse. Remodeled kitchen and
bathrooms, open living room/dining room
floor plan, wood burning fireplace,
French doors in dining area which lead to
a new deck with Ramada. Walking trails,
tennis courts and convenient location to
shopping. MLS# 201005897
34 ALTURA ROAD $314,000
Santa Fe Style personified in Eldorado with beamed ceilings
and Saltillo tile flooring throughout, Talavera tile in kitchen and
bathrooms, kiva fireplace in living room, custom carved interior
doors. Split 3BR, 2BA plan, 2,069 sq ft built in 1996 with radiant
heat. Huge entry courtyard. Large, newer deck. Great south
and west views. Re-stuccoed in 2007. MLS# 201004837
6539 SOUTH RICHARDS AVENUE $379,000
Priced reduced from $399,000 to $379,000 by motivated
sellers! This 3BR, 2BA, 2,353 sq ft, Luminaria home in Rancho
Viejo shows beautifully, has $50,000 in upgrades (including 2
landscaped courtyards) and has outstanding Sangre de Cristo
and Jemez Mountain views. MLS# 201005436
PARK PLAZAS
4159 MIDNIGHT OWL $246,000
Beautiful 3BR, 2BA, 1,457 sq ft home on a quiet street.
Numerous upgrades. Welcoming tiled entrance area, open
concept living room/dining room/kitchen with a high ceiling and
lots of light. Large lot with a terraced rose garden and a 2-car
finished garage. NEW LOW PRICE. MLS# 201006178
NAVA ADE ELDORADO
PAGE 43 BLACK CYAN MAGEN-
HOME MARCH 2011 43
SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sotheby’s International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sotheby’s
International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
www.santafesir.com • www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533
624 East Alameda, #6 $895,000
Spacious and beautiful three bedroom, three
bath home with enclosed backyard, 2-car
garage, and walled front courtyard with
fireplace. Lovely private compound with
great landscaping and its own gate onto
Canyon Road. 624EastAlameda.com
23 Bishops Dome Road $850,000
Striking single-level Contemporary home
on 2 plus acres. Wonderful western views,
Rastra construction, 4 fireplaces; master
bath has exercise area, Kohler spa
shower, 34-inch deep jetted soaking tub
and bidet. 23BishopsDome.com
505.466.0927 888.257.6750 Toll Free
Alan.Vorenberg@SothebysHomes.com
Anne.Vorenberg@SothebysHomes.com
ALAN AND ANNE VORENBERG
SantaFeBeautifulHomes.com
And Find That New Home on
Our Recently Enhanced Website!
954 Cerro de La Paz $4,500,000
Made of Rastra block by preeminent builder
Doug McDowell this residence boasts
superb finishes, 11 fireplaces, dual master
baths, and a fabulous kitchen, with a guest
casita and a gorgeous swimming pool all on
12.5 acres near the Plaza with stunning
views. 954CerroDeLaPaz.com
680 Garcia Street $1,800,000
Classic Santa Fe Style in the historic
Eastside. Comprised of a rambling 5,600 sq
ft, 4BR, 5BA adobe residence with a huge
great room, comfortable family room, five
fireplaces, and a fabulous portal on a
beautiful one acre parcel. Includes an indoor
swimming pool. 680GarciaStreet.com
It’s a Great Time to Find Your
New Santa Fe Home!
690 La Viveza Court (S)
79-C Mountain Top Road (S, B)
6 Dandelion Circle (S)
193 N Double Arrow (S, B)
1730 Ridge Pointe Loop (B)
819 Bishops Lodge Road (B)
14 Reeds Peak (B)
31 Franciscan Lane (B)
OUR RECENTLY SOLD PROPERTIES
UNDER CONTRACT – 201 North Double Arrow
2300 Las Casitas (S)
County Road 120 (S)
168 Vuelta Maria (B)
125 Overlook Road (B)
S = Seller, B = Buyer
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BLACK CYAN MAGENTA YELLOW
44 MARCH 2011 HOME
LOVELY SANTA FE STYLE HOME
3 Christopher Court
MLS# 201003551
Listed at $615,000
Lovely 3200+/- SF, 7-yr old Pueblo
3br/3ba, 2 car garage on 2.5+/- acres
with 3rd finished, heated
garage/studio/office/family
room. Think: Buy or Trade
Santa Fe or Albuquerque area.
Rachel Rosebery, Associate Broker
Coldwell Banker Trails West Realty Ltd.
Cell: 505.570.9365
Office: 505.988.7285
John Provost - 455-1201 • Ralph Jaramillo - 490-7720
Toll Free: 888-989-7573 • Cell: 505-490-0220
kahler@newmexico.com • www.SantaFeLand.com
I work as Buyers Agent
for Ranch Buyers anywhere
in New Mexico.
1433 St. Francis Dr. Ste. 210
Santa Fe, NM 87505
505-989-7573
Ranch and Residential listings:
Capulin Ranch – 21,875 Total Acres – 7,760 deeded acres, 11,275 NM State Lease, 2,560 acre BLM
lease. Modern, southwestern style HQ home has pool, guest apt foreman’s house, pipe pens, digital
scales, perimeter fenced w/8 pastures, 2 traps, in excellent condition. Capacity is 350 auyl List
Price: $4,000,000.00
11 Avenida Maya – 12+ acre parcel has 3,060 sf 4 bedroom home w/top line finishes, appliances,
open floor plan, solar electric generator makes money. Fenced parcel allows horses. Gourmet island
kitchen & sunset views from living area are pluses. List Price is now $1,098,000.00
4 SMCR B-50 – Rowe, New Mexico – Hurry to see this two story 1,600 sf home w/ 3 bedrooms,
2 baths on 1.4 acres. Carport off back door, fenced front yard & horse pen. Price Reduced to
$213,900.00 MLS# 905884
84 Haozous Road – 25 acre parcel(s) w/ 2 customs homes, a 2,800 sf Main Home & possible income
producing 1,600 sf 2nd Home, 2 stall horse barn, perimeter fenced, mtn views & a cold water well.
REDUCED Price NOW: $888,000.00 MLS# 900454
262 Ilfeld Rd, Rowe, NM has a 3 bedroom, 2 bath home on 1+ acre. Energy efficient & allergy free,
w/1850+ sf, all on a1 acre fenced lot. Tile floors, granite counter tops, top line appliances & poured
pumice construction can’t be beat. Priced Waaaay below market at $265,000 MLS#901803
La Cueva Ranch – 3,242 acre ranch located on Apache Mesa off Hwy 84 SW of Las Vegas, NM. La
Cueva Canyon has rimrock, cuevas, grassy mesas & playa water tanks. List Price: $1,779,107.00
Trigg Ranch Parcels – Located on Apache Canyon Road 10 miles south of Romeroville on Hwy
84 is 180 acres w/power, phone & awesome views for $298,900.00 also will sell 720 acres for
$612,000.00 & 360 acres in La Cueva Canyon for $216,000.00
360 Goldmine Road – 7,500 sf covered arena has 7 stalls inside. 2 bedroom HQ home has 2 car
garage & studio plus 5 stall barn, shop, work shop, guest m/h. 8+ acres. Ready for horses, llamas,
alpacas! Reduced Price: $398,900.00 MLS# 906562
HC 33, Box 77A, Las Vegas, NM – This 30 acre parcel is perimeter fenced, mobile home has an add
on, good water well & septic. Fenced lot is ready for animals. Hwy 84 access & only 25 minutes to
town, on school bus route too! Listed low for $119,900.00
4107 Agua Fria – Wood Frame/stucco home has 900 sf on .20 acres with a guest unit in back.
Remodel to your hearts content.. EZ to show! Price is $125,000 - MLS#905628
KATHYABELES
505.470.3720
RICHARD SCHOEGLER
505.577.5112
536 GARCIA STREET $749,000
Charming and spacious 2BR, 1.5BA gem with gated and walled courtyard entry. Nichos,
vigas, Saltillo tile and wood floors compliment this Historic Eastside find, set back from
the street on a quiet, private lane. Large open
living/dining room with corner fireplace, bancos
and a built-in bar is wonderful for entertaining as
are two upper level large decks off the master
bedroom. The kitchen connects to a bedroom/
den with elegant built-in cabinetry, fireplace and
access to the flagstone patio. #201100512
Charming Historic Eastside
KATHERINE BLAGDEN
Direct: 505.955.7980 Cell: 505.490.2400
katherine.blagden@sothebyshomes.com
64 PASEO DEL CONEJO
$965,000
Gorgeous three bedroom
plus office, Hacienda-style
adobe home. Sited on 2.5
acres with incredible views
of the Jemez and Sangre de
Cristo Mountains. Enclosed
central courtyard with fire-
place and water feature.
#201005345
822 DON CUBERO AVENUE
$427,500
South Capitol gated gem in the
Wood Gormley district. Walking
distance to the Plaza and Railyard.
Completely remodeled 2BR, 2BA,
2,253 sq ft home. Wonderful front
and back yards on drip and sprin-
klers. #201006464
231 Washington Avenue • 505.988.8088 • www.santafesir.com • www.sothebyshomes.com/santafe
Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
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?
Visit us on FACEBOOK, TWITTER and at SplurgeNM.com
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EVERY DAY!
BLACK CYAN MAGENTA YELLOW
46 MARCH 2011 HOME
New office building ready for sale, lease
By Paul Weideman
N
ew commercial buildings are a rarity
in today’s economy. Taco Bell’s new
location on Cerrillos Road stands out, but
when it comes to office buildings it has
been two or three years. An exception is
located at 807 Camino de Monte Rey.
“This has been finished for about a year,”
said Eric Faust. “We were pulling permits
right as the crash happened, then we had to
make a decision: do we let all the city rights
and entitlements expire or do we go ahead
and pull the trigger? We decided to build.”
Of course, waiting is usually more
expensive, for one thing because the prices
of materials go up. “We just got a notice
that drywall is going up 25 percent now,”
said Faust, the principal of Tierra Real
Estate Group. The building, a total of 5,725
square feet, is two stories, with tall open
spaces inside. It’s just off St. Francis Drive,
with plenty of parking. The attractive
design features a front, covered portal with
purple-painted stucco underneath. The
corrugated-metal shed roof is supported by
an I-beam post and beam assembly.
There is plenty of daylight inside from
the large, multi-pane windows on the
ground and second-floor (clerestory) levels.
Eight smaller windows on the south (Cam.
de Monte Rey) and east (parking lot) sides
have decorative hanging canopies.
Faust also handles leasing at Pacheco
Park, the stylish, nearly 10-year-old
business cluster at 1512 Pacheco Street.
“Occupancy is holding its own there,” he
said. “At the downturn, we were heavily
weighted to the building industry, which
hurt us. We had four architects and BT
Homes and they’re all gone. We still have
some building-supply sort of people with
Form + Function and Santa Fe by Design.”
Relative newcomers at Pacheco Park are
TKO Advertising, the design collaborative
Four, and Momentum Physical Thereapy,
and Faust said he expects a yoga studio to
move there soon.
Pacheco Park is also home to Tierra Real
Estate Group and to the two companies
that Eric Faust owns with his brother,
Kurt Faust, and Keith Gorges: Tierra
Concepts, a home-development company,
and Southwest Spanish Craftsmen, which
produces handcrafted furniture.
“Overall, Pacheco Park has sort of held
steady at about 75 percent occupancy,”
Faust said. “We’re at 78 percent right now.”
The vacancy rates downtown, by
contrast, remain high, basically unchanged
since Thornburg Companies’ move from
buildings on Lincoln and Marcy streets into
its new headquarters on the north side.
“Leasing activity has slowed across
most retail centers, which has also caused
vacancy rates to climb in the downtown
‘Plaza’ area,” says a 2011 forecast from
Grubb & Ellis. “In fact, more vacancy exists
in the downtown area now than there has
been in the last 20 years.”
Looking at the national picture, Grubb
& Ellis says “the commercial real-estate
leasing market hit bottom in 2010 while the
investment market — segments of it —
perked up faster than we thought possible a
year ago at this time.
“Sluggish job growth will generate a
half-speed recovery in the office market,
meaning that vacancy will decline by about
one percentage point in 2011 compared
with the 2-point annual decline typical for a
recovery cycle.”
Office prices have come down a little bit,
Faust said. “It still seems that for the Class
A properties, we’re seeing a range of $18
to $21 per square foot. Some of the older,
Class B/Class C stuff in Santa Fe is a lot
higher vacancy and those lease rates are a
lot lower.
“I talked to Marc Bertram at SF Brown
and he said they’re pretty much leased out
in their properties off of Rodeo Road and
on Siler Road.”
The leaseable spaces at Pacheco Park
range from 614 square feet to 2,731 square
feet, with prices at about $19 a square foot.
The new building on Camino de Monte
Ray is available for sale ($979,000) or lease
($17.95 per square foot). Leaseable spaces
start at 1,185 square feet (monthly rent
$1,880).
“We laid this out into four units, each
one with about 60 percent of its space
downstairs and 40 percent upstairs,” Faust
said.
Such buildings are often left unfinished
so that tenants can tailor the spaces to their
individual needs. That is also the case at
807 Camino de Monte Rey, although it isn’t
just bare studs inside. Many of the two-
story wall surfaces are covered with OCB
sheathing, creating rigid interior walls to
combat shear stresses.
“We’re thinking we will finish one of
the spaces out, so people can get an idea
of what’s here,” Faust said, “and we’ve
also toyed with the idea of turning it into
executive suites, where people can rent out
offices.”
He said one unit could be medical/dental
and the rest will be available as straight
office space for attorneys, accountants and
others.
For more information, see www.
tierrarealestategroup.com.
PHOTO BY PAUL WEIDEMAN
807 Camino de Monte Rey
PAGE 47 BLACK CYAN MAGEN-
HOME MARCH 2011 47
BLACK CYAN MAGENTA YELLOW
48 MARCH 2011 HOME
After several years of new and ever-
changing federal and state regulations
affecting the mortgage business, have
those aspiring to buy a home been
aided or hampered? Beginning with the
infamous subprime mortgage meltdown,
new regulations, primarily aimed at the
loan origination process, are close to
completion. And what do we have? A few
of the good, the bad and the ugly:
1. As of June 2010, state and federal
licensing is required for all mortgage
loan officers. Loan officers at banks were
originally exempt from the requirement
but now it appears they will be studying
for these licensing tests.
2. A federal registry, NMLS, is now
available for consumers to verify that
loan officers are licensed and current on
licensing requirements.
3. Continuing education is now
required for loan officers.
4. Homebuyers are faced with increased
disclosures for all purchase or refinance
loans.
5. The new good faith estimate is
now three pages and more difficult to
understand. Loan officers must explain
the estimated disclosed costs in much
greater detail.
6. Income requirements instituted
by Fannie, Freddie and FHA are more
conservative, as was the case 20 years ago.
It appears that all new requirements
for any loan officer are headed toward
a common set of requirements. This is,
of course, fair, best for the homebuying
public, and the way it has been for the last
20-plus years.
This is an interesting twist for the loan
officer at a mortgage brokerage company.
After two years of threats that brokers
would fall by the wayside, that the role
of the broker would disappear due to
restrictions placed on their income, that
brokers would be named the culprits of
the mortgage meltdown and that serious
buyers better move toward banks for their
loans, it now appears that this important
place in the mortgage business will be
preserved. Mortgage brokers are alive and
well, and an important resource.
What entities have shaped these
changes in the mortgage business? The
Federal Reserve, of course, the New
Mexico legislative branch that has pasted
a new loan officer license act and a
mortgage company act and the federal
legislative branch of Congress that is
working on the Dodd/Frank Bill (a 1,000-
plus page bill ). These powerful entities
will continue to massage the mortgage
process for some time and offer some
additional safeguards for the public. All
good and the way our system works.
Again, after all is said and done,
after all the discussion and legislation,
history is repeating itself in the form of
requirements for the loan originator and
the consumer that are very similar to
years prior to 2008. And the bottom line
for you is still whether you trust your loan
officer to dot all the i’s and cross all the t’s.
Whether your loan originator represents
a brokerage company, a direct lender or a
bank, disclosures are vast and paperwork
is massive. As it has always been, be
advised, and select a loan originator with
years of experience and a solid reputation
if you want the experience of a successful
loan closing.
Jim Gay was a real-estate broker for more
than 20 years and has been a consultant to
Fortune 500 companies. He is currently senior
loan officer at Home Buyers Mortgage (505-
986-9080) in Santa Fe.
Mortgagematters
History repeats itself... over and over
JIM GAY
Consumers have expressed concerns
that consumption of demineralized
water — with levels of total dissolved
solids (TDS) below 50 parts per
million — would deprive them of
beneficial minerals. Ironically, critics of
demineralized water, for this reason or
other misconceptions, commonly buy
bottled water, most of which has very low
mineral content and is subject to even
fewer regulations than public water.
Water low in TDS does occur naturally,
but the dialogue is directed primarily
toward waters produced by reverse
osmosis, de-ionization or distillation,
and which are intentionally devoid of
constituents commonly found in water
supplies, some of which are known or
believed to be detrimental to health.
The importance to our nutrition of the
principal components of hardness —
calcium and magnesium — is irrefutable,
but there are no water-purification
systems that leave behind “beneficial
minerals” and remove contaminants. The
concept of drinking water as a supplement
to nutrition, other than for its fluoride
content (which remains controversial), is
relatively recent in the U.S. Bottled water
is regulated by the FDA, not the EPA,
and bottlers are not required to disclose
calcium and magnesium levels. Some
imported bottled waters have very high
TDS, including excessive levels of arsenic,
nitrate, and sodium that may exceed the
EPA’s maximum contaminant levels.
Bottled-water purveyors seem to
hope that consumers will overlook the
carbon footprint of transporting bottled
water, and the environmental damage
of improper bottle disposal, and will
equate all bottled water with “mineral
water,” which is defined by the FDA as
containing not less than 250 ppm TDS
and originating from a geologically
and physically protected water source.
Bottlers gladly comply with disclosing
the irrelevant statistics for total fat, total
carbohydrate and protein content and
make its taste acceptable by removing,
in most cases, the unpleasant taste of
chlorine.
On a global scale, there is wide
variation in the relative importance
of minerals in water as a function of
available food sources, diet, and the
geologic and environmental factors which
determine the presence and concentration
of minerals in ground water. In areas
where diets are poor and malnutrition is
common, and where the average intake
of minerals is below recommended levels,
the relative importance of water minerals
for human health is greater.
Drinking water is an inconsequential
source (5-10 percent) of your total daily
calcium and magnesium needs and, if
mineralized drinking water were your
only source of minerals, you would
have to drink copious quantities of it.
In the U.S., calcium and magnesium
levels in drinking water are not subject
to regulation by EPA and are not even
reported by public water systems. World
Health Organization guidelines for
drinking-water quality do not include
recommendations regarding calcium and
magnesium.
If you have the option of consuming
drinking water that is free of any
chemicals, microbiological contaminants,
metals, radionuclides and other harmful
constituents that may pose potential
risk to your health, you get to decide
if these attributes outweigh the minor
contribution of beneficial minerals which
can be readily acquired through the more
easily absorbed organic minerals found in
the foods of a healthful diet.
Stephen Wiman has a background in earth
science (Ph.D. in geology) and is the owner of
Good Water Company in Santa Fe. He may
be reached at 505-471-9036 and skwiman@
goodwatercompany.com.
OurwaterQuality
Drinking too many minerals?
STEPHEN WIMAN
PAGE 49 BLACK CYAN MAGEN-
HOME MARCH 2011 49
BLACK CYAN MAGENTA YELLOW
50 MARCH 2011 HOME
HIGHWAY 84, AT THE ABIQUIU INN • (505) 685-4646
www.abiquiuland.com * Owner is a Licensed New Mexico Real Estate Broker
RANCHO QUERENCIA - Tis lovely 4,300 sq.ft. pueblo style
hacienda allows you to enjoy the dramatic color of Northern N. M.
Tis private 250 acres which borders State Land has diverse topography
of grasslands, mesas and red rock cliffs making it ideal for hiking and
riding. Tis home is thoughtfully and artistically constructed with
amenities that enhance everyday living with an exercise room next
to the outside shower and hot tub, to a kitchen designed for serious
cooks, this home creates an atmosphere of ease and elegance. Te guest
casita wing, dining room, family room, great room and book lined
office compliment the 3 bedrooms, 3 bathrooms and make entertaining
a lovely experience. THIS RANCH IS TRULY OUT OF THIS
WORLD & ONLY 80 MINUTES TO SANTA FE!
MLS 201005627 250 Acres $1,885,000
Ride the Range
in Abiquiu
CANYONLANDS - Hear the Silence – Feel the Spirit! Once part of a historic Spanish land grant, this
spectacular 520 acre ranch borders the Rio Puerco stream and is surrounded by the dramatic color of Prieta
Mesa, Ghost Ranch and the mysterious Cerro Pedernal. Diverse topography includes rock towers and cliffs,
deep red canyons and sage brush plants rimmed with pinon and juniper trees overlooking its own rock-
strewn canyons and ancient cottonwood-lined stream. Covenants and conservation easements protect your
privacy and the sanctity of the surrounding 7,000 acres,assuring this grandeur and pristine beauty will be
preserved forever. Only 90 minutes to Santa Fe.* MLS 2010003629 520 acres $2,275,000
EL TESORO ESCONDIDO – Lot 3-2-B - Pedernal rises to the east of this incredible parcel which
overlooks Ghost Ranch and Abiquiu Lake. Ideal spot to build your red rock get-away. Shared well and
underground electric. One hour & 15 minutes to Santa Fe. MLS 800814 10.1 Acres $159,000
LA CAÑADA DE ABIQUIU Tract 5-A - Nestled in the foothills of Sierra Negra on the edge of the Carson
National Forest is an incredible area called La Canada de Abiquiu. These parcels exist amid the mesas and
rock-strewn vistas that Georgia O’Keeffe made famous. Enjoy panoramic views of Abiquiu fromthis unique
10 acre parcel. Shared well and electric.* MLS 904005 7.3 Acres $120,000
CASA BONITA – Enjoy some of the finest views of Lake Abiquiu, Cerro Pedernal & Ghost Ranch
from your own 2 bedroom (1375 sq.ft.) casita. Custom touches, numerous extras, large panoramic
windows, stone countertops & radiant heat. A private boat ramp & swimming area complete this dream
getaway. Bordering Ghost Ranch, this property is great for hiking & horses. Only 75 minutes to Santa Fe.
MLS 201005758 10 Acres $490,000
CASITA CUESTA ROJA – Overlooking Lake Abiquiu & Ghost Ranch, this contemporary,
elegant, one bedroom, one bath Casita is the answer to your dreams. 80 minutes to Santa Fe.
Private Boat ramp & swimming area. Come see the views & stay forever! Additional lots available.
MLS 906887 22 Acres $310,000
RANCHO LA CANADA - 22 acres of canyon-like ranch property at the
foothills of Sierra Negra Moutain. Underground electric availalbe. Borders the
Carson National Forest.** Seller is Licensed New Mexico Real Estate Broker**.
MLS 702822 22 Acres $185,000
RESIDENCIA DEL RIO – 31 acre Hacienda on the Chama River. Adobe main house with
extensive walled courtyard and detached quest house. Two wells and 11 irrigated acres will give
you plenty of water and room for pasture, vineyard, gardens and horses. Only one hour to Santa Fe.
MLS 201100723 31 Acres $ 895,000
S
O
L
D
If you are someone with a passion for Santa Fe, an
appreciation for luxury and service, and a desire to own
a hassle-free vacation home at a sensible price, we invite
you to stop by for more information about the benefts
of Club ownership at El Corazon de Santa Fe.
Ownership from $130,000
Your Santa Fe Vacation Home ...
Just a Stroll from the Plaza
This advertising material is not an offer to sell nor a solicitation of an offer to buy to residents of any state or jurisdiction in which registration requirements have not been fulflled. Pricing and information are subject to change without notice and are not
guaranteed. Destination Club Realty—New Mexico, 505.820.0850
Financing &
Preview Stays
available.
1
/8 deeded real estate • fully furnished
Visit our sales center today.
We’re located just three blocks from the Plaza on the corner of
Catron Street and Grant Avenue.
Models open daily • www.ElCorazondeSantaFe.com • 866.721.7800
If you are someone with a passion for Santa Fe, an
appreciation for luxury and service, and a desire to own
a hassle-free vacation home at a sensible price, we invite
you to stop by for more information about the benefts
of Club ownership at El Corazon de Santa Fe.
Ownership from $130,000
Your Santa Fe Vacation Home ...
Just a Stroll from the Plaza
This advertising material is not an offer to sell nor a solicitation of an offer to buy to residents of any state or jurisdiction in which registration requirements have not been fulflled. Pricing and information are subject to change without notice and are not
guaranteed. Destination Club Realty—New Mexico, 505.820.0850
Financing &
Preview Stays
available.
1
/8 deeded real estate • fully furnished
Visit our sales center today.
We’re located just three blocks from the Plaza on the corner of
Catron Street and Grant Avenue.
Models open daily • www.ElCorazondeSantaFe.com • 866.721.7800
If you are someone with a passion for Santa Fe, an
appreciation for luxury and service, and a desire to own
a hassle-free vacation home at a sensible price, we invite
you to stop by for more information about the benefts
of Club ownership at El Corazon de Santa Fe.
Ownership from $130,000
Your Santa Fe Vacation Home ...
Just a Stroll from the Plaza
This advertising material is not an offer to sell nor a solicitation of an offer to buy to residents of any state or jurisdiction in which registration requirements have not been fulflled. Pricing and information are subject to change without notice and are not
guaranteed. Destination Club Realty—New Mexico, 505.820.0850
Financing &
Preview Stays
available.
1
/8 deeded real estate • fully furnished
Visit our sales center today.
We’re located just three blocks from the Plaza on the corner of
Catron Street and Grant Avenue.
Models open daily • www.ElCorazondeSantaFe.com • 866.721.7800
If you are someone with a passion for Santa Fe, an
appreciation for luxury and service, and a desire to own
a hassle-free vacation home at a sensible price, we invite
you to stop by for more information about the benefts
of Club ownership at El Corazon de Santa Fe.
Ownership from $130,000
Your Santa Fe Vacation Home ...
Just a Stroll from the Plaza
This advertising material is not an offer to sell nor a solicitation of an offer to buy to residents of any state or jurisdiction in which registration requirements have not been fulflled. Pricing and information are subject to change without notice and are not
guaranteed. Destination Club Realty—New Mexico, 505.820.0850
Financing &
Preview Stays
available.
1
/8 deeded real estate • fully furnished
Visit our sales center today.
We’re located just three blocks from the Plaza on the corner of
Catron Street and Grant Avenue.
Models open daily • www.ElCorazondeSantaFe.com • 866.721.7800
1000 PASEO DE PERALTA • SANTA FE, New Mexi co 87501
SantaFeProperti es.com • 505.982.4466 • 800.374.2931
SantaFeProperties.com SantaFe.com ChristiesRealEstate.com
SANTA FE
®
PROPERTIES
In conjunction with the name change, CIRE rolled out their newly enhanced web site.
Take a few moments to browse some of the world’s most prestigious properties.
www.ChristiesRealEstate.com
ChRIsTIE’s InTERnaTIonal REal EsTaTE
is the new name for the world’s leading network of luxury property specialists.
The change from Christie’s Great Estates creates clarity in the global market and strengthens the ties between Christie’s art and real estate businesses.
Christie’s International Real Estate is the only real estate network wholly owned by a fne art auction house. The network is uniquely positioned to follow
the footprint of its parent company, Christie’s, into the growing markets of the Middle East, Russia, and China, as well as established economies across
the world, most notably north and south america and Europe. The new name further underscores that the values that distinguish Christie’s—commitment,
expertise, integrity, discretion, and fve-star customer service—are likewise embedded in the company’s luxury residential property specialists.
“We are excited about the name change to Christie’s International Real Estate,” says Liz Cale, Chief Operations Offcer of
santa Fe Properties. “As the exclusive affliate of Christie’s International Real Estate in Santa Fe, we anticipate an exponential
increase in global visibility due to increased ties between Christie’s art and real estate businesses.”

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