Santa Fe Real Estate Guide March 2011

Santa Fe Real Estate Guide
March 2011
The residential market • Bathroom remodeling

We Know Santa Fe Real Estate
Welcome to Knowing Santa Fe — a completely unique proprietary online experience for those
looking to buy or sell real estate in Santa Fe, New Mexico.
What makes knowingsantafe.com so unique? It's been crafted to suit the needs of both buyers and
Knowledge sellers with our proprietary Santa Fe Property Explorer, delivering the most detailed information possible
~ about our Santa Fe real estate listings; land, farms, ranch properties and Santa Fe homes for sale. Not
only do we showcase photos of every nook and cranny (literally), but you will “feel” the property —
Distinctive whether you are across the street in Santa Fe, elsewhere in New Mexico or half a world away. Virtual
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~ to the Santa Fe MLS listings in addition to our extensive internal listings of luxury homes and properties.
Experience Because its like no other real estate site you’ve ever visited, you’ll know what to expect before you ever
set foot on the property. We guarantee it.
But what makes our practice truly special? Our 50+ years of experience understanding the nuances of
the Santa Fe real estate market and helping our clients find the Santa Fe properties they are looking for.
It’s not always easy to navigate the Santa Fe real estate scene. Santa Fe is a unique locale. So, if you’ve
lived here for awhile, or are just visiting Santa Fe for the first time, we can be of assistance.
RAY RUSH
Direct 505.984.5117
Mobile 505.577.5117
ray@knowingsantafe.com
THE NEDRA MATTEUCCI
GALLERY COMPOUND BROWNELL HOWLAND
MLS# 803321 MLS# 807215
GARCIA STREET RANCHO ALEGRE

MLS# 201003410 MLS# 803749
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
KnowingSantaFe.com
Because it’s like no other real estate site you’ve ever visited, you’ll know
what to expect before you ever set foot on the property. We guarantee it. 231 Washington Avenue • 505.988.8088
MARION SKUBI GROUP Marion Skubi
ABR, CRB, CRS
Johnnie Gillespie
Partner, Marion Skubi Group
Marion Skubi Johnnie Gillespie 505.660.8722
Marion@MarionSkubi.com
505.690.1909
Johnnie@JohnnieGillespie.com
Aleka Moore Aleka Moore

Operations Manager, Marion Skubi Group
505.954.0732 Aleka@MarionSkubi.com
Why search for Santa Fe Real Estate

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on MarionSkubi.com?
• View all of our listings
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Remarkable Views
PASEO DEL PALOMA
$1,395,000
MLS# 201100061
Remarkable Craftsmanship,
Elegant Views Classic Pueblo-style Home
71 GRAYTHORN 8 ENTRADA HERMOSA
$1,350,000 $949,000
MLS# 201100036 MLS# 201100430
Inviting Santa Fe Style

25 HONEYSUCKLE
$840,000
MLS# 201100103
HO ME MAR CH 2 011 3
www.santafesir.com • www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533
Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.
PAGE 3 BLACK CYAN MAGEN-

Art of LIVING
213 CAMINO ENCANTADO $1,295,000
D
$2
00,00
0
P erfectly situated on Camino
Encantado, this home feels like it is
UCE
D in the country, but is only two miles
RE from the Plaza. A large entry portal
E
RIC
P 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 stream and entertainment
patio. MLS# 201004150
Fine properties to suit your Santa Fe lifestyle

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6 COLUMBINE $529,500 20 TECOLOTE $1,175,000 2906 PLAZA BLANCA $339,000

A delightful 3BR, open floor plan home plus study This exceptional Las Campanas home was built by Exceptional free-standing unit, light and bright with
and an attached studio in gated Salva Tierra. one of Santa Feʼs most prestigious builders, Doug great Southern exposures. Open concept kitchen/
Spacious kitchen with granite tile counters includes McDowell. The property consists of a 2BR main dining room. Living room has high ceilings and
dining and a family area. Two wonderful patios with house and an attached 1BR guest suite. Spacious fireplace. Master is very private with large walk-in
views of the Sangre de Cristo and Jemez Mountains portal with a fireplace overlooking the gardens and closet. Large 2-car garage and full laundry room.
as well as mature landscaping. Three-car garage. mountain views. Just under 1/2 acre. Landscaped, large and private patio with direct access
MLS# 201005229 MLS# 201005687 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!
Santa Fe Team
www.santafeteam.com
Jennifer Gallagher, 505.660.8793 • Moo Thorpe, 505.780.0310 • Chris Haynes, 505.660.6121

4 M A R C H 2 0 11 H OM E
326 Grant Avenue, Santa Fe, NM 87501 • 505.988.2533 • 800.409.7325 www.santafesir.com www.sothebyshomes.com/santafe
BLACK CYAN MAGENTA YELLOW

SANTA FE’S MARKET LEADER
We Outsell All Other Santa Fe Brokerages.*
NG
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Shane Caroline
Cronenweth 11 ABIERTO WAY $875,000
Russell
984-5158 Enter a private courtyard, gaze through a dramatic glass-walled entry galleria, and be awestruck by vast mountain and 954-5530
sunset views. The exciting design of this chic 2008 home is evident, with high beamed ceilings, luxury finishes and custom
shanesantafe@gmail.com detail. The open concept floor plan has splendid spaces, including an impressive great room, high-end kitchen, and
caroline.russell@sothebyshomes.com
www.ChooseSantaFe.com fabulous portal opening to gardens and views. The private master includes a lavish bath with a magnificent stone wall. www.ChooseSantaFe.com
Equity Golf Membership is included. MLS# 201100580
Don’t Miss Insider’s Guide to Santa Fe, at ChooseSantaFe.com

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707 EAST PALACE AVENUE, #16 $395,000 1344 UPPER CANYON ROAD $1,500,000
Simply irresistible! In a 1920’s adobe four unit building, nestled in desirable La Vereda Compound, Remarkable value! Behind gates and superbly sited on a prime Eastside 1.87 acre lot, this
this enchanting 1,170 sq ft, two bedroom home is awash with light, and offers southern, mountain marvelous home with attached guest apartment merges modern amenities with historic elements.
and sunset views. Exquisitely restored and updated, it features hardwood floors throughout, With prized sunset and mountain vistas, the house has a gorgeous 43' great room, two portals,
Craftsman-style windows and doors with “float glass” panes, custom tile work in the kitchen, bath fantastic grill island, and spacious deck. Featured are a lovely master, high-end country kitchen,
and fireplace hearth, a deep Juliet balcony for dining, and a lovely garden. A pleasant stroll to both handsome family/media room, private office, wine/storage room, rich hardwood floors, generous
Canyon Road and the Plaza. MLS# 201100443 motor court, and a groomed hiking path. MLS# 905559
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103-1/2 VICTORIA STREET $898,000 11 LONGHORN LANE $1,075,000 24-C PASEO ENCANTADO NE $815,000
Come home to this warm, inviting Historic Eastside 2,837 sq ft Ultimate country luxury amid sweeping vistas defines this Lose yourself in dazzling sunsets and an unbelievable carpet of
house imbued with authentic southwest detail, including coved exquisite one level Sharon Woods home, in gated La Tierra stars from this marvelous custom Tesuque residence on 5+
ceilings with vigas, hand-troweled plaster walls, lovely tiled Nueva. The splendid living room has soaring ceilings, huge acres. Southwest style with Mediterranean accents creates a
floors and kiva fireplaces. Featured are a dramatic sun-filled windows and opens to a fabulous portal. The lavish master suite delightful ambiance. Tiled floors, soaring ceilings, hand-
living room with portal, terrace and walled gardens, a fantastic with fireplace and picture postcard view is heaven, and the eat- troweled plaster walls, vigas and abundant antique architectural
dining room, and an impressively equipped kitchen with in kitchen is a cook’s pleasure. Enjoy the library/media room, elements enhance the home. With its dramatic living room,
separate breakfast room. The excellent master suite has a remarkable garden room, enchanting guest house and romantic master suite and lovely guest quarters, plus a huge
canopied deck and sunset views. Includes a two-car garage spectacular landscaping. Hand-troweled plaster walls, beams, entertaining portal and spacious landscaped grounds, this is a
and built-in speaker system. MLS# 201006010 tile floors, A/C. Horses welcome. MLS# 201004244 Santa Fe dream. MLS# 201005595 HO ME MAR CH 2 011 5
231 Washington Avenue • 505.988.8088 www.santafesir.com • www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533
*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.

EXCEPTIONAL LIVE/WORK LOFT SUBLIME SOPHISTICATION MAGDALENA COMPOUND FOOTHILLS ADOBE

Marquez Place–Handsomely finished contemporary One of the remarkable remodel stories at Quail Run, Eastside–Seldom on the market, the original With the Sangre Foothills as a backdrop and vistas
style 2BR, 2BA, live/work townhouse loft in a park- this 2BR, 2BA, single-level, Pinon C home, replete Magdalena Compound residences are infused with of the Sandias and Jemez at the fore, this handsome
like setting with light-filled interior spaces plus a with den and landscaped gardens raises the bar. The authentic charm and the unique sensibilities of Santa 2BR, 2BA, plus den, solar-designed adobe home,
private garden. The main level Great Room deft hands of world travelers with expertise in design Fe style. This handsome 2BR home is no exception. sited on 5+ rolling acres, offers authentic Santa Fe
includes 3 distinct areas with tall ceilings, large and architecture have created a truly wonderful All the elements, from the large Great Room, to the living in a remarkable setting. Santa Fe style abounds
windows, scored concrete floors and doors opening home. The essence of Pueblo Revival style remains, fireplaces, beamed ceilings, formal dining, outdoor in exposed adobe walls, arched adobe doorways,
to garden plus galley kitchen. Upstairs is a second enhanced with Art Deco touches and echos of Paris, living areas and 2nd floor sleeping rooms will delight circular rock fountain, solarium and fireplaces and
bedroom, bath and laundry. MLS 201006300 New York and Marrakesh. MLS 201006316 you and evoke the essence of Santa Fe. more. Horses allowed. MLS 201005974
OFFERED AT $379,000 OFFERED AT $789,000 OFFERED AT $775,000 OFFERED AT $599,000
H O M E T E A M S A N TA F E
DAVID CHRISTOPHER
ROSEN: ROCCA:
505•470•9383 505•490•2999
Visit Our Portfolio of Outstanding Homes & HomeSites at

w w w. H o m e Te a m S a n t a F e . c o m
124 MATEO CIRCLE NORTH 614 GRIFFIN STREET

$468,000 $348,000
Elegant Stamm home with Perfect Santa Fe getaway.
recent designer updates. This charming, classic
Great city location minutes to Santa Fe-style condo is
the Plaza, medical facilities walking distance to the
and shopping. A unique Plaza and the best of
feature is all 3 bedrooms Santa Fe. Two bedrooms
have their own in-suite baths. plus 2.5 baths.
MLS# 201001539 MLS# 201005401
New Listings at Quail Run Santa Fe’s Premier Gated Community

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.
PLAZA B MODEL, #201 PINON C MODEL, #667 PINON E MODEL, #907 PINON E MODEL, #676 HACIENDA MODEL, #623
$410,000 #201100246 $665,000 #201006457 $875,000 #201100446 $950,000 #201006515 $1,335,000 #201100278
Combined 55 years of Santa Fe

Real Estate Experience Pam Wickiser Bob Dunn
470.9884 505.470.9883
RobertDunnRealEstate.com pam.wickiser@sothebyshomes.com bob.dunn@sothebyshomes.com
6 M A R C H 2 0 11 H OM E
326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe


KEVIN BOBOLSKY MARILYN FOSS
505.470.6263 505.231.2500
KevinBobolsky@aol.com marilyn.foss@sothebyshomes.com
RanchNewMex.com SantaFeRealEstateOnline.com
Marilyn Foss is
pleased to announce
her new National
Association of
Realtors’ designation
as a Seniors Real
Estate Specialist –
SRES
ROCIADA SPRINGS RANCH $3,500,000 RIVER SONG RANCH $1,495,000 Serving those 50
350 acre +/- fenced and gated alpine and aspen Abiquiu–two story, adobe home right on the
meadow retreat with a totally rebuilt compound. river with over 700 feet of Chama River
years of age
and older
NadelbachPhoto.com
Historic cabins and stables. Spring fed ponds. frontage. Lots of New Mexico charm and
The Rito de Gascon runs through the ranch and nestled under the cottonwood trees! Three
the Gascon Trail borders the property line. bedroom, 3 bath, 3,700 sq ft home on
Additional acreage available. Approximately 1.5 19.676 acres. Includes a barn with a
hour scenic drive from Santa Fe. #201001751 wrangler’s quarters, studio, and irrigated
www.ranchnewmex.com pasture. #201003416
Marilyn Foss with Sheila Paterson, left, and Dilys Evans, right
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403-405 SOSAYA – OFF ACEQUIA MADRE HOLMAN RANCH $2,450,000

$1,195,000 A stunning and rare retreat comprised of
Historic Willard Clark (1910-1992) home. approximately 850 acres, 2 springs and the
Former home of one of New Mexico’s Mora River running through it. Wander from
beloved early 20th Century artists. Incredible the wonderful historic adobe compound in a
gardens, gourmet kitchen, and master suite lush river valley on trails leading up into
deck. Two separately deeded lots. Close to aspen and pine forest in the beautiful Rincon
Canyon Road. #201003163 Mountains. #201001402 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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15 CERRO BLANCO $539,000 506 JOHNSON LANE $495,000

Soft, Southwest Contemporary-style 3BR, Romance and character resonate in this
71 VIA PAMPA – LAS CAMPANAS $2,000,000 2BA single-level home with stunning views of quintessential 2BR, 2BA, Eastside adobe
The finest art in the world would feel safe and comfortable in this home. Superb finishes, the Galisteo Basin and Cerro Colorado. A 7 home on a quiet lane off Garcia. Vigas, brick
spectacular views, 5,200 sq ft of elegant and refined living space, tons of sensational wall acre lot allows for horses and a 1,200 sq ft and wood floors, 3 fireplaces and plastered
space, 3BR suites and a professional kitchen. #201006155 studio or guest quarters. #201100489 walls. Walled patio entry. #201005691
8 M A R C H 2 0 11 H OM E
231 Washington Avenue • 505.988.8088 www.santafesir.com • www.sothebyshomes.com/santafe

HISTORIC RANCHITO
STORYBOOK HOUSES SANTUARIO
1898 adobe house, guest house Expanses of open views in
and art studio. Off Canyon every direction yet total serene
Road. SO special! High old privacy. Wonderful floorplan!
trees. Plenty of parking. Several living spaces, with
Ambiance charm character. panoramic views. High, pitched
New wiring, plumbing and ceilings, stained concrete and
unseen necessities– authentic, marble floors, fun open concept
original interiors! One of a kitchen. Outdoor living spaces
magical kind! You have never look over Galisteo Basin.
been anywhere like this. Stunning pool environment.
$999,000 $900,000
ABIQUIU LAKE EXQUISITE Ashley Margetson CRS, GRI

WATERFRONT PERFECTION 984.5186 Cell: 920.2300
Waterfront! Sunning and dramatic A compound of comfortable luxury ashley.margetson@sothebyshomes.com
view lot with spectacular water and seclusion with breathtaking santaferealestatelady.com
views, red cliffs, and Ghost views on 50 acres, 12 minutes to
Ranch from this scenic 10 acre town. Antique doors, stone
retreat 1 hour from Santa Fe. fireplaces, handsome hardware,
Magnificent building sites, well gorgeous plaster and divine
and utilities. Owner/Broker. finishes. It has everything!
NOW $399,000 Mainhouse, guesthouse, studio
and office, and caretaker casa, all
custom best of everything, in
gated Los Caminitos. $3,750,000
SPANISH COLONIAL DIVINE EUROPEAN

MASTERPIECE VILLA
On 2.5 private, wooded acres this Exquisite European-style villa with
elegant Spanish Colonial-style high beamed ceilings, beeswax
hacienda features 4,400 sq ft with rubbed Venetian plaster walls, SANTA FE’S FINEST B&B
exposed adobe walls, separate Italian tile floors, antique doors A historic adobe in perfect location downtown, it
dining, family room, 4BR and and columns, the loveliest finishes is a pretty walk 3 blocks to the Plaza. 18 lovely
3.5BA. A glamorous curving and fixtures, and on 11 acres as guest rooms with stylish baths, plus live-in
staircase leads to the master private as a palazzo in Piacenza. manager’s suite. Charming breakfast great
suite, office and sunroom. Great Expansive rooms and expansive room; elegant, comfortable public spaces,
kitchen with breakfast area, and views, 3BR and baths, extra family patios and deck. Loaded with character,
vast entertaining deck! Now may room, 3,000 sq ft, and 5 minutes to ambiance, and Santa Fe style. Parking lot.
be best buy on market! $695,000 the Plaza. $1,195,000 Established perennial landscaping. $2,950,000
409 LOS ALTOS WAY $2,200,000 616 LOS ALTOS NORTE $1,295,000 957 PASEO DEL SUR $899,000
Spacious and light filled, sited on 3 acres with panoramic This exquisite home is carefully crafted with soothing, free Minutes from the Plaza, sited on 1.02 acre, this marvelous
views, this custom LeMaster home offers exceptional living flowing interior spaces, combined with expansive vistas and home, suffused with light, sits high on the lot to capture the
space, lovely plaster walls, tile floors, professional kitchen with walking trails to town. Features include a fabulous living views from the main living areas and master suite. Well
a breakfast nook and fireplace, separate master plus 2 guest room, master and 2 guest suites, upscale kitchen, office, designed with a new heating/AC system, it offers a gourmet
suites, office and self contained family area with bedroom, breakfast nook, 4 fireplaces, outdoor entertaining area, kitchen with upscale appliances, great room with fireplace,
bath and living room. Beautifully landscaped. MLS# 201004750 plaster walls, ceramic tile floors, and AC. MLS# 201006226 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 warm and
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 LUCIE LAWSON
while providing a superior outdoor living area. MLS# 505.670.4789
201003689 lucie.lawson@sothebyshomes.com
HO ME MAR CH 2 011 9
www.santafesir.com • www.sothebyshomes.com/santafe 231 Washington Avenue • 505.988.8088


Emily Loves to Sell Santa Fe!
Emily Medvec
CRS | SRES | RSPS
Cell: 505.660.4541
santafe@emilymedvec.com
emilymedvec.com
buysantafehomes.com
RECENT SALES 2010 – 2011 CURRENT LISTINGS 2011 Blog: onsantafe.com
360 Garcia Street $1,100,000 (S) 1888 Camino De Pabilo $219,000 (B) 88 Amberwood Loop $1,200,000
Emily Medvec brings a
3248 Nizhoni $305,000 (S) 11 Paseo Luna Blanca $236,000 (B) 77 Fin del Sendero $875,000 unique set of valuable
4 Escondido Mountain $332,000 (S) 6597 South Richards $249,000 (B) 110 Calle Pinonero $495,000 resources to the table for
113 Michelle Drive $425,000 (S) 2408 Calle Loma Bonita $235,000 (B) 2226 Calle Alvarado $368,000 buyers and sellers. She
42 Camino Tetzcoco $498,000 (B) 1019 Calle Carmelita $239,000 (B)
focuses her vision, out-of-
LOTS the-box thinking and
12 Herrada Court $334,000 (B) (S) = Seller • (B) = Buyer
internet savvy on what is
72 Encantado Loop $178,000
important to you.
1409 Hickox $120,000
Experience + Marketing + Negotiation = Results 2999 West Alameda $160,000 Call Her Today!
Eldorado285AreaHomes.com Tune in Every Sunday

15 WILOWA LANE
“All Things Real Estate”

E
$498,000
IDG
Captivating mountain views R
on a wonderfully wooded E
and very private 5 acre lot. ACH
AP
3,150 sq ft. 3BR, 3BA tri-
level home with living and
RADIO SHOW
dining rooms, kitchen and
breakfast room. Separate Join host Rey Post and his guests each Sunday
entry for studios, offices, or
additional living spaces. at noon on Santa Fe’s Talk 1260 KTRC-AM
Private well. Refrigerated
A/C. #201100100
52 HERRADA ROAD $339,000 REMOTE BROADCASTS

O Light and airy 1,760 sq ft, 3BR, 2BA “The remote broadcast at my HOA/Condo Association Seminar at
RAD home with family room, separate
the Hotel Santa Fe was everything I had hoped it would be both in
DO living and dining rooms, adjoining
terms of the number of people and diversity of associations in
EL kitchen. Large fenced yard, 2
walled courtyards and portals. Tile attendance.We had great interactions between
and hardwood floors, beam ceilings attendees and the expert presenters and the remote
with wood decking throughout.
Natural gas broadcast concept gave it added credibility while also
radiant heat. expanding the audience. I definitely plan on staging
1.5 mountain other remotes in 2011.”
view acres.
#201006303 – Tom Simon, Principal of Westgate Properties, LLC
FRED RAZNICK Contact Rey Post to schedule your

Direct: 505.984.5142 Cell: 505.577.0143 Remote Broadcast: 505.989.8900
fred.raznick@sothebyshomes.com
10 M A R C H 2011 HO M E
231 Washington Avenue • 505.988.8088 www.santafesir.com • www.sothebyshomes.com/santafe 417 East Palace Avenue • 505.982.6207

Featured Listings
ED
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US 2
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E 1
OP DAY
TO
OLD PECOS TRAIL GATED COMMUNITY HORSE PROPERTY

The convenience of living on Old Pecos
Trail.This 3300 sf home with attached
Country living at its best in the gated community 505.988.2806
of Rancho San Marcos. 11.62 acres with expansive
guest house on nearly 1 acre of naturally
landscaped land offers 3 BD, 3 BA and 3 kiva
views and riding trails throughout.This immacu-
lately maintained homes offers 3 BD, 2 BA plus an
1-877-98 ADOBE
PASEO BARRANCA fireplaces in the main house as well as a 1 attached 3 car garage. Outbuildings include a horse www.adoberealtyofsantafe.com
A Well maintained and updated Northeast side Santa Fe home BD, 1 BA and kitchenette.Antique doors, barn, tack room, hay storage and corrals.Water
nestled in a pinon covered landscape with mountain views, plaster walls, vigas and California closets. catchment barrels, landscaped and treed prop-
privacy and convenience. 3900 SF, 3 bedroom suites with full Attractively priced at $699,000 MLS# erty make this an oasis in the high plains desert.
private baths, large studio/office, plaster walls, Italian tile floors, 3 905892 Call Beth 505-690-2713 $345,000 MLS# 905580 Call Beth 505-690-2713
working fireplaces, in-floor radiant heat, foam roof with transfer-
able warranty, attached 3 car garage featuring a loft area for Beth E. Fauré
additional storage and roof access. $895,000 Open House
1106 Paseo Barranca Today 12-2. MLS# 201005650 Beth Qualifying Broker
505-690-2713
Roseanna Z. Gonzales
Broker Associate
DELGADO STREET
Downtown Location - Just 3 blocks to the 505-470-5638
BARRANCA ROAD Plaza from this 2 bdrm home and guest
A Custom Adobe Home on a tree-covered 2 acre lot with views.
The artistry of the interior adobe walls, bancos & fireplaces CIBOLA CIRCLE casita. House with kiva, new heating system
is impressive.This 3 bedroom home offers an attractive split-level List Price $289,000 and spacious rooms. Lots of light & up- 312 Camino Alire
master suite, viga & coved ceilings throughout, beautiful lighting, Sold by Roseanna Z. Gonzales dated kitchen in casita. Good rental history. Santa Fe, New Mexico 87501
fixture & stone details, and various courtyards with fabulous
gardens & water features. $1,199,000 #201002674 Call Roseanna $470,000 MLS#201004035 Call Roseanna
Emily Ivette Garcia Excellence, with a touch of grace…

CRS, Real Estate Broker
TREMENDOUS VALUES that will be remembered for years to come...

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
Walk to the Plaza Perfect Adobe Casita gourmet kitchen and butler’s pantry,
112 La Vereda $799,000 207 Closson $475,000 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.
Contemporary with Views

1445 Nevado Ridge $1,100,000
Huge House and Guest House Land Near Eldorado

1295 Vallecita $599,000 6 Cerro Circle $75,000
OUT OF TOWN
400 Acre Oasis Picturesque Pueblo Style
Mimbres Valley $1,980,000 10 Petroglyph Place $700,000
Ramah, NM Retreat Galisteo Serenity with Studio

61 Shorecliff – Ramah $400,000 13 Marcelina Lane $994,000
2 Legal Lots 505.955.7963 • 505.699.6644

Across from Geronimos! Great House and Value Abiquiu Land $90,000
653 Canyon Road, #16 $750,000 6388 Jaguar Drive $170,000 emily@emilygarcia.com
231 Washington Avenue • Santa Fe, New Mexico 87501 • 505.988.8088 For more detail visit: www.emilygarcia.com
H OME MAR CH 2 0 11 11

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
TANO ROAD AREA LAS CAMPANAS

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
NEW LISTING NEW LISTING
TESUQUE LAS CAMPANAS

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
UNDER CONTRACT NEW LISTING
MUSEUM HILL LAS CAMPANAS

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
NEW LISTING 36SierraRosa.com
WILDERNESS GATE VILLAS OF BISHOP’S LODGE

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
12
2232WildernessArroyo.com
M A R C H 2011 HO M E
4ALodgeCircle.com

NG E
TI IC
LI
S PR
W W
NE NE
99 MEJOR LADO 1307 LEJANO LANE

Light, airy and spacious best describes this Charming 2,890 sq ft home located on the
3 bedroom, 4,100+/- sq ft, Adobeworks desirable Northeast side. This lovely
home with panoramic mountain views and property offers high ceilings with vigas and
sunsets. Oversized 3-car garage and 1,000 beams, an updated kitchen, 2 fireplaces, 2
sq ft attached casita with private bath. family rooms and a large deck.
MLS# 201100448 $745,000 MLS# 201006220 $640,000
RANCHO DE JACONITA $5,000,000 T
Family compound on 43+ tranquil acres situated for the ultimate in privacy. 7,000 +/- triple LO
adobe main house with a 4,000 +/- sq ft, 3BR, 3BA, gourmet kitchen, and a TE
TA
grandparents/guest house. Two separate guest casitas, workshop, swimming pool, ES
T
Sangre de Cristo views, 2 pre-moratorium wells, 11+ acre feet water rights, and 11+ hours
REA
acequia rights. Pasture lands, 80+ feet high cottonwoods ideally located between the G
Pojoaque River and the Barrancas. Owner is a New Mexico Real Estate Broker.
MLS# 201000703
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 638 CAMINO DEL MONTE SOL HYDE PARK, ADJACENT 800 EAST
poor, panoramic vistas, and a In traditional Santa Fe style, this 4BR, 3,600 This beautiful estate lot offers 68 acres with
luxurious guest house. sq ft adobe on the historic Eastside has a great development potential. Located
MLS# 201001398 $1,800,000 bricked entry portal, vigas and beams, within walking distance to the Historic
wooden floors and hand-carved doors. The Plaza. One of the last of it’s kind.
property includes an English garden. MLS# 201006501 $2,300,000
MLS# 201005540 $1,299,000
2005 SENDA DE ANDRES
G Sun-filled contemporary in a gorgeous
IN
IST wooded setting minutes from the E E
L Plaza. Great house for entertaining IC IC
W PR PR
NE with open floorplan living/dining room W W
with patios to the east and west. NE NE
Skylights and antique beams
throughout. Travertine tile floors in
living/dining/kitchen and white ceramic
tile floors in bedroom wing.
MLS# 201100756 $749,000
41 RANCHO ESCONDIDO
NG Extreme privacy and views within this
STI 41+ acre lot less then 5 minutes from
LI 815 EAST PALACE, #12 413 PLAZA LOMAS, LOT #34
W Santa Fe’s historic plaza. A 1.5 acre
NE building site within a 41+ acre The quintessential getaway in Santa Fe! Winner of the multiple awards in the 2009
conservation easement. Horseback Three BR adobe condo tucked into the Parade of Homes. High-end finishes,
and hiking trails. Simply the best historic Eastside hills. Wood-burning kiva separate casita could be a studio or guest
Santa Fe has to offer. fireplace, brick floors and a private, tree- house. Borders open space and 5 minutes
MLS# 201100052 $1,450,000 covered patio with mountain views. to downtown.
MLS# 201100253 $650,000 MLS# 201006501 $625,000
DERMOT MONKS DARLENE STREIT

Associate Broker Associate Broker
c 505.470.0639 505.920.8001 dstreit@dstreit.com
t 505.946.2258 SantaFeRealEstateScene.com
f 505.946.1615
Linda Gregory, Licensed Assistant
dermotmonks@aol.com • dermotmonks.com 505.438.6757 linda.gregory@sothebyshomes.com
www.santafesir.com • www.sothebyshomes.com/santafe 417 East Palace Avenue • 505.982.6207


“Linda is an expert at pricing a property to sell in a timely manner

Core Historic Eastside
no matter what the market is doing. That’s because she is on top of Total Number of Units Sold
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
36
Linda Murphy
Associate Broker 21
505.780.7711 • 505.954.5510
linda@lindamurphy.com • www.lindamurphy.com
The Good..The Bad..and The Future...

A two year comparison… Core Historic Eastside
I have been asked by countless clients about how the What is this telling us? At least for the sales that occurred Average Sales Price
Santa Fe Real Estate market is fairing, so I decided that during 2010, the majority of the sales were on the lower
many of you might want to know the real facts and end as compared to the sales in 2009. That is not to say $983,077
figures. In a nutshell, the data is mixed with some good that we did not have some higher priced homes selling in
news and some not-so-good news. the Historic Eastside, it is only to say that the
$772,087
preponderance of sales were in the lower end, thereby
In this newsletter I focus on the greater Santa Fe area
bringing down the overall average sales price, as well as
(city and county single family residences) with numbers
the average price per square foot.
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 Core Historic Eastside
Historic District. Average Price Per Square Foot
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 $468
that city properties are holding up better than county
properties. Within the city limits the number of units $346
sold increased by approximately 11% along with an In 2009 nearly 39% of the total sales in Core Historic
11% increase in average price. The average price of a were over 1 million dollars, whereas in 2010 only 25%
typical Santa Fe City single family residence in 2010 is of the sales were over 1 million dollars, but twice as
approximately $341,750 up from the 2009 estimate of many sales in the under $500,000 category. Essentially
$308,000. The county on the other hand experienced what this is telling us (at least for this past year) is what
equal numbers of sales year over year, but lost seems to be selling are lower end properties, many
being condominiums and to a lesser extent higher
approximately 5% in average sales price, coming in at
priced homes.
approximately $367,588. future downturn in the stock market as well. Both
What I found to be the most interesting statistic was I believe we are likely to see this change in 2011-2012 markets seem to be consistently intertwined, often one
the comparison between all residential sales (single with the wealthier client feeling more confident about leading the other.
family homes plus condos) in the Core Historic the overall economy and economic recovery that seems
District. While we had a phenomenal increase in to be underway, along with recent runs in the stock If the current stock market rally is indeed a good bell
number of units sold year over year – up 66%, the market, adding dollars to their portfolios. weather and indicator, I presume that we will see a
average sales price dropped by 21% in 2010 bringing definite and clear improvement in the housing market,
down the average sales price to $772,087 as compared A more bullish stock market rally often precedes and particularly starting in the upper end in 2011. We may
to the 2009 average sales price of $983,077. I further signals by several months a bullish transition for the see our previous pattern reverse with more signs of life
studied the average price per square foot, which also housing market sector as well. Housing will generally in the higher end properties, which clearly will benefit
declined significantly by 26%, now hovering around lag the stock market rally by several months when the Core Historic area along with other higher end
$346.00 a square foot as compared with the 2009 entering into a bullish housing recovery. Often a communities.
number of $468.00. housing downturn can precede and somewhat predict a —Linda Murphy
14 M A R C H 2011 HO M E


ACC’s Design Team (from left)
Larry Nearhoof, formerly Harrods
Peggy Garcia, Teresa White, Jeff Fenton, VP Design
A new look for Spring...

with our complimentary design services!
Fine Furnishings & Accessories

620 Cerrillos Rd, 984 0955 • 53 Old Santa Fe Trail, 982 1296 H OME MAR CH 2 0 11 15

Bathroom remodels 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
A new bathroom by Chapman Homes
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
“We think this amounts to a 15 to 20 percent increase Quite apart from the issue of homeowners who opt to
lead, you’re [screwed]. We have to mask off the entire area
in our business cost,” he said. A project remodeling two do their own work, oblivious to the lead-dust danger, the
and we have to use a HEPA vacuum, which costs $1,200,
bathrooms for a duplex in Los Alamos had a price tag of current work situation for remodel contractors involves
and all my guys have to wear Hazmat suits.”
$46,200. Of that figure, $6,800 was for lead abatement. several other challenges. More custom-home contractors
The RRP certification costs $700, and the fine for
“Pre-1978. That’s all of Casa Solana, all of Casa Alegre. are doing remodeling to make up work lost on the housing
noncompliance is $32,000.
This is my bread and butter,” Pompei said. downturn. They might not understand the importance of
16 MARCH 2011 HOME

dust control in protecting the family living there; and it should invest in a high-quality
certainly takes work from remodel-only contractors. Panasonic fan, because the
“Today the jobs are much smaller, with a lower dollar cheap ones are loud and they’ll
value,” Pompei said. “Up until about 18 to 24 months ago, a end up never using it.
bathroom remodel would be gutting it to the studs, maybe Remodel clients should be
expanding the bathroom, adding new electric, relocating prepared for roof penetrations
plumbing and doing all new fixtures, a jetted tub, and lots for venting. “Almost every
of tile. bathroom remodel needs
“Now I hear, ‘Leave the tub, Steve, leave the cabinets.’ one,” Pompei said. “It’s needed
We’re maybe doing new tile, maybe a new countertop, and whenever you add or move a
a paint job.” tub or shower or sink.”
Materials, permit, and regulatory costs are up, including Over at ReBath, owner Tom
because of the city’s new Green Building Code. “I’m all Poulin said people are wanting
for it, but could you find a worse time? It’s getting to the products that are easy to clean,
point where only the ultra-rich will be able to afford to do a with little or no maintenance,
bathroom remodel.” and more than ever are looking
It’s cheaper for the homeowner to hire unlicensed for products other than
people to do the work. “This is what’s happening. I love it, tile because of moldy grout
because I know I’ll be back there in a few years to repair the issues. “We have solid-surface
mistakes,” Pompei said. products for tub and shower
“More than ever, people need to be hiring experienced, surrounds that are nonporous
licensed, insured contractors.” and very easy to clean. We’ve
Getting down to the nuts and bolts of bathroom done a lot of the LG HI-MACS
remodels, Pompei said he helps clients focus on “making product up in Santa Fe for both
better use of the space, whether you want a larger space those and for countertops.”
for a growing family or you’re looking at aging-in-place Albuquerque-based ReBath
remodeling, like ‘How will I negotiate this tub in 10 years?’” is going on its second year in
Most homeowners want to get rid of the 1970s look. That its current Santa Fe location on
can be done by choosing elegant, modern glass tile and Zafarano Street, following a few
stone elements as well as vessel sinks and water-efficient years at Santa Fe Place. “But
toilets, including the dual-flush and Water Sense products. ReBath has serviced Santa Fe
Among the choices for updated bathroom countertops the whole 28 years we’ve been
are laminate, composites like Corian and Zodiaq, and in business,” Poulin said.
marble and travertine. “Overall, our remodeling
“For bathroom floors, give me tile any day,” Pompei is up 17 percent over last year
advised. “And if you don’t like tile because it’s cold, we can and 2009 was up about 25
do a radiant electric mat under the tile.” percent, so we have not seen
He added that exhaust fans are very imporant, especially a downturn in our ReBath
in the very tightly insulated, newer homes. The homeowner or in our 5 Day Kitchens
Remodeling Market Index, 2001-2010
Bathroom remodel by Pompei’s Home Remodeling
business. What we have seen it in is our environment,” Poulin said. “We also have
home addition business, Poulin Design a line of walk-in bathtubs that we can
Remodeling. That has not come back substitute for your old tub.”
since 2008.” Interested homeowners will find a
The average price for bathroom wealth of remodeling resources at the
projects has come down a little, which he website of the National Association of
attributes to people being more frugal. Home Builders. Check out nahb.org to
ReBath is a Certified Aging in Place explore design, colors, cabinets, energy
Specialist. “One thing we offer is a efficiency, financing, and other aspects of
bathtub-to-shower conversion with a remodeling.
NATIONAL ASSOCIATION OF HOME BUILDERS seat and grab bars for a safe bathing
HOME MARCH 2011 17

UnderstandingAdobe
Pulling the wool

If you know little to nothing about net/adobe_rastra.htm? (I have an update are that their blocks are inexpensive,
a particular topic and have not much on Rastra - Oh, code enforcers! It environmentally friendly because they
inclination to educate yourself even if a conducts water like a sieve and you need do not produce carbon dioxide during
problem affects you directly, you would to require, not prohibit, a moisture barrier manufacture, they utilize local materials,
be one of the hapless suckers “born on the walls.) And, in exasperation, and they are strong.
every minute,” so aptly described by P.T. bucket walls, http://crockerltd.net/adobe_ This is what they have done: they
Barnum. His marketing principle, alas, is greenbuilding.htm. have subjected the simple CEB to
not limited to huckstering paying fools Here is another good one. The “strengthening” by adding sheep’s wool
into the circus sideshow, but thrives in the Spanish at the University of Seville and a natural polymer derived from
worlds of politics and academia. have collaborated with the Scots at the seaweed. Who’d have thunk?
Mental entropy can be, and is, relied University of Strathclyde to develop an I have no doubt that based on ED CROCKER
upon in ivory towers and halls of power improved compressed earthen block. their testing they have improved the expensive and alien materials. Then they
to direct or, in a more sinister way, to A CEB is produced by using hydraulic compressive strength and modulus of applied some exaggeration, probably to
“nudge” thinking and behavior to guide presses to create building blocks from rupture of CEBs. But really, no CO2? assure themselves that they had fed the
policy. As you might imagine, I do not practically any local soil. In its simplicity Do sheep exhale? Do they, uhmm, emit green hysteria and to justify their work
intend to address geopolitical issues; I it is elegant, cheap and as green as it gets. other - well, you know, gasses? Is there to their sponsors. In practical terms they
will simply point out, again, how a void in Academics, like those obfuscating no exhaust from whatever mechanism accomplished absolutely nothing.
critical thinking applies to even the most politicians, hate simplicity and all is used to compress the blocks, nor any Old P.T. was right. And this one got
humble of the building arts - earthen except the really good mathematicians carbon involved in the hydraulic fluid? past a peer review.
architecture. When you throw “green” abhor elegance. Driven, I suppose, by And is seaweed locally available in, say,
building into the equation, the hyperbole an obligation to spend some ill-fated New Mexico? You can buy the polymer Edward Crocker is the principal of Crocker
directed at the brain-dead grows grant money in the search for a global (it’s called alginate) for $49.95 for four- Ltd. (982-2448 or eec@crockerltd.net),
exponentially. solution to housing, the Spaniards and and-one-half pounds, plus shipping. a contracting firm specializing in historic
In this context I have had a lot of fun the Scots tested and published their Whoops, more of that dreaded carbon. preservation, structural stabilization of new and
with Mr. Barnum’s protégés. Remember ideas for improving compressed earthen In this instance the “researchers” older structures, and remediation of moisture
the zero-energy emerald, http:// blocks - see Construction and Building have appealed to the suckers by taking a problems. He is a Fellow of the United States
crockerltd.net/adobe_zero_energy.htm? Materials Vol. 24, Issue 8, August 2010, product that doesn’t need improvement Committee of the International Council on
And the Rastra scam, http://crockerltd. Pages 1,462 to 1,468. Among their claims and subjecting it to totally unnecessary, Monuments and Sites.
Socialnetworking
Twittering all the day long

Today, it is no longer front-page news of buyers and consumers report they use place to have a conversation about a new
that buyers are in control of the real estate social-media sites for research before listing to followers. It is not a place to
market, as it is beginning to stabilize. they buy, NAR reported that only half make sales pitches. Facebook is a better
There is more good news for sellers. of all Realtor members are active social vehicle to profile a home on the market or
Homebuyers are not in control of social networkers. Sellers might wonder whether promote a blog about the neighborhood.
networking online. Although social media anyone is having a social networking LinkedIn is not the venue to advertise
sites did not create the housing market conversation online about their home. listings. When done the wrong way due
crash, they are creating new channels of Social networking sites - and blogging, to inexperience - or, worse, by ignoring
information between Realtors and buyers pictures, video and commenting - have social-networking etiquette - their
and sellers that are stimulating activity. changed how Realtors reach buyers. marketing blitz or offensive behavior will
Remember when you went to a dinner Now many buyers will often leave an turn off prospective buyers like a cold EMILY MEDVEC
party during the housing boom and open house and tell everyone in their blast of arctic air.
everyone would only talk about real online social networking sphere what In this new landscape of real estate, the services of people they know, like
estate? Those same dinner guests are they think about the price, the home and buyers want to establish relationships. and trust from their experience online.
now talking about social networking neighborhood. Their feedback moves This is important for sellers to understand Like you, they do not want to work with
and talking online about what they see quickly online. If they use a smart phone, and use to their advantage when they strangers when they are ready to buy or
happening in real estate. These new they are talking from their car in front of engage the services of a Realtor. Given sell a home. See you next online.
conversations on Facebook, LinkedIn the home. the merging of the internet and social
and Twitter are helping friends, fans and It is no longer possible to be a secret networking, buyers are more capable Emily Medvec is an associate broker with
followers make sense of the market. agent in real estate. It is important for of navigating information online. They Sotheby’s International Realty. Her interest is
The National Association of Realtors your Realtor to now be in-the-know about know their priorities because they have how social networking online changes how
recently reported that nine out of 10 online social networking. Otherwise often searched for real estate before we communicate and make decisions in the
homebuyers use the internet as a search their behavior there could become a contacting an agent. They want to marketplace. Follow her at www.twitter.com/
tool. Even though an increasing number disadvantage. For example, Twitter is the reduce their financial risk by engaging emilymedvec.
18 MARCH 2011 HOME

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20 M A R C H 2011 HO M E


Market shows some improvement
By Paul Weideman A few snippets from Santa Fe been tracking absorption, the number of In his blog, Alan Ball quotes Celia
T
Properties’ Fourth Quarter 2010 Market months it would take to absorb the existing Chen of Moody’s Analytics saying that
here are a bunch of indications that
Report: “Compared to the heady market inventory of homes on the market. His home prices or values might not regain
the real-estate market is recovering,
of a few years ago home sales are slow, mid-February post to Alan Ball’s Santa the 2005/2006 peak until 2021, or in some
but of course after two years of painful belt-
but they are steady... Market forces have Fe Real Estate Blog shows that the high cases until 2030, or longer.
tightening, the slightest improvements feel
reached equilibrium in Santa Fe. Sales in the absorption rate for homes in all Warren Sacks, vice president at Barker
like bliss.
activity in homes has settled in at a new price ranges was about 23 months in the Real Estate, said, “Believe it or not, January
Following is a sampling of voices on the
level with about half the number of sales in summer of 2009 — that is, it took nearly had the most residential units go under
issues; their information in general spells
2009 and 2010 as there were at the peak in two years for a home to sell. The figure was contract in Santa Fe County in the last five
c a u t i o u s o p t i m i s m.
2005 and 2006. at between 18 and 21 months most of the months. I think with rates increasing and
“The year [2010] ended on a good note
“The average home sale price is down time since, but it had dwindled to about 15 with buyers being on the fence for so long,
with December sales coming in stronger
from about $475,000 to $390,000 in the in December and January. That’s the most they’re just tired of deferring life, as it were,
than a year ago,” said Jonnalyn Grover,
same years... On the street level, Realtors positive indicator since 2007. and they’re deciding it’s time to purchase.
managing broker of Coldwell Banker
feel that buyers who have been on the Toward the end of February, Julee It is interesting that our luxury market,
Trails West Realty, in early January.
sidelines are making their moves.” Brooke of Sotheby’s International Realty, that part over $800,000, has seen a lot of
“Absorption rate is also up 1.5 percent,
During the downturn, Alan Ball of who works both in Taos and Santa Fe, activity.
a really good sign that more buyers are
Peters & Associates Real Estate has said business “has been slower but it has “It’s looks like inventory is slightly
getting into the market.”
just recently been picking up, because decreasing, but it always does this time of
prices are coming down and interest rates year. People put their homes on market
Santa Fe 2010 1st quarter 2nd quarter 3rd quarter 4th quarter
are still low. Both sellers and buyers are
more realistic by now, and more people
in the spring. We are seeing a lot of bank
product being absorbed, no question.”
home-sale stats
2010 2010 2010 2010
Homes sold/ Homes sold/ Homes sold/ Homes sold/ are getting off the fence and looking for a After the big drop, perhaps the market
median price median price median price median price
home. I think that’s what’s been shown in has leveled off at a new, lower plateau, and
DETACHED SINGLE-FAMILY HOMES
the last couple of months. this will be “the new normal.”
City northeast 23 16 31 11
$675,000 $813,500 $670,000 $697,000
“In Taos, prices in the lower to mid “It’s not the most popular answer,
City northwest 7 12 9 9 ranges have been a little behind Santa Fe but that’s the truth,” Sacks responded.
$387,000 $371,500 $400,000 $417,500 but they have recently adjusted. There “We’re going to return to traditional
City southeast 23 33 36 34
$430,000 $432,250 $462,125 $459,207 are some really good deals and there are homeownership, what we saw from 1950
City southwest 57 89 69 60 some banks that are offering good deals. In to 2000. People will be buying to raise a
$203,000 $239,950 $219,000 $219,000
Santa Fe, we’ve had 15 sales of homes at $1 family and you won’t see so much of the
City total 110 150 145 114
$464,000 $288,000 $318,000 $297,000 million-plus, compared to nine last year, greed that propelled the market from 2000
County north (Tesuque, Pojoaque) 2 12 8 5 so we’ve seen more activity on higher end. to 2005 with all the investors and second-
$179,500 $548,250 $480,000 $605,000
I know just in the ski valley there was a lot home owners.”
County northwest 20 36 26 32
$645,000 $550,000 $742,500 $677,500 on the market a few months ago and now He predicted that in 2011, the number
County southeast 46 65 22 46 there are just a handful of properties on the of transactions will be about the same as
(including Eldorado) $387,750 $409,500 $354,500 $371,750
Eldorado 22 30 20 23
market below $500,000.” in 2010. “I think values will fall another 5
$317,000 $339,000 $354,500 $320,000 One of the bottom-line questions is percent. I have more hope for the future,
County southwest 27 36 31 30
$248,698 $264,030 $340,000 $260,082
whether homebuying activity, and home meaning that I think we’re starting to level
County total 95 149 87 113 appreciation, will come back to the levels off.”
$318,224 $411,250 $389,000 $420,000 seen before the subprime-mortgage crisis During a January breakfast meeting
City/county total 205 299 232 227
$390,500 $345,000 $354,500 $340,000 and the failures of Bear Stearns, Lehman during which the Santa Fe Association of
CONDOMINIUMS/TOWNHOMES Brothers, and AIG in 2007-2008. Realtors released sales statistics from the
City 57 54 73 70 “I think someday it will be back where fourth quarter of 2010, SFAR president
$286,500 $238,500 $260,000 $225,000 it was,” Brooke said. “It’s still a good Jo Anne Vigil Coppler said there was “no
County north 2 2 3 6
$485,000 $770,000 $327,000 $677,500
investment overall, as long as you’re earth-shattering news” to report. There
County south 3 2 0 0 planning to stay in the home. That means were 509 homes sold in 2009 and 527
$235,000 $298,000 — — buying smart, and I think most people are sold in 2010 in the city of Santa Fe; in the
Total 62 58 76 76
(includes Los Alamos, Espanola) $286,500 $238,500 $265,000 $232,500 buying smart. The market was really low county, it was a similar small increase: from
DUPLEX/X-PLEX in the ‘80s and those people who held on 457 in 2009 to 475 last year.
City & County 4 2 0 2
are still very comfortable, as long as they Vigil Coppler opined that the market
$170,000 $127,500 — $259,750 didn’t take all their money out in home will not go back to what it was in 2005 and
MOBILE HOMES equity loans. They’re very happy with their 2006, and that “we’re now getting more
City & County 3 7 3 7 investments, and I think that will be the into reality... We’re still in a recovery mode
$80,000 $110,000 $189,000 $115,000 case again. and who knows? This may be where we’ll
DATA SOURCE: SANTA FE ASSOCIATION OF REALTORS.
28 MARCH 2011 HOME

ArtfullivingByDesign
Moving in the right direction

Seniors who have lived in their home not need cooking utensils and all of your you that your special piece will be well
for many years may be facing a very fine china. Many decisions will be much taken care of. For items that you would
difficult decision: to move or not to move. more difficult than which dishes to take like to donate, there are many nonprofit
This is a process that can be difficult along. organizations that will pick the items up
at best. There is a lot of emotional Likely you have ordinary items that you and save you the trouble.
attachment to deal with, not to mention no longer have use for and many things So now you may still have many
the hard work that has to be done and the that have just accumulated over time as wonderful items... now what? There
many decisions that have to be made. I well as treasured mementos or furniture is only one place in Santa Fe that can
hope this helps with an idea of where to that has been bequeathed to you by your evaluate antiques and the remainder
start the process. family. These are not easy to give up. of your estate and be instrumental in
First, you will have to decide where Perhaps making a list of all your most liquidating your estate all in one swoop. LISA SAMUEL
the best place is for you to land. Is it a treasured possessions and deciding which Having the help of a professional golfing, gardening, or any other activity
retirement community, or is it a smaller would comfortably fit in your new home designer to help edit your inventory and - your home needs to fit your personal
house, or an apartment? For some with is the first step. You may want to start in plan your new space can also be very lifestyle. Above all, relax, know that you
major health issues, it may be an assisted places like the storage area of your home helpful. The experience and collaboration planned and have made the right choice.
living facility. Once you know where you and bedrooms that are not often used. of a professional designer and an estate
are going, you will need a dimensioned Once you have decided which items specialist are very valuable; this is Lisa Samuel ASID, IIDA is a Santa Fe
floor plan of the space and you may you are keeping, donating, or passing on, something you may want to find out more native and is owner/president of Samuel Design
need some help with planning the space. you may want to gather family and friends about. Group, located in the Railyard Artyard lofts.
Knowing where you are going will also to offer the pieces to them. Do share Making your “home” in your golden She is an award-winning interior designer
help you to narrow down the kinds of stories of why these items are special to years is a very important course of action. (licensed interior designer #313), a lighting
items you can take with you. If you are you, then your gifts and generosity will However you decide to spend your designer, and furniture designer.
going to an assisted living home, you will be all the more appreciated, thus assuring retirement years - whether traveling,
HomeequityAdvantage
Return of the down payment

The amount of the down payment to game,” increasing their exposure to loss payment in the near future, with PMI
purchase a home has been increasing and reducing the impact of declining required for the borrower. Borrowers
since the housing bust. The median down home prices. The median down payment that represent more risk - that is, those
payment in nine major cities in the U.S. began to inch downward in the late with lower credit scores and a lower down
rose to 22 percent last year on properties 1990s and in the early to mid 2000s payment - are currently facing higher
purchased with conventional mortgages, fell to an average of about 4 percent, in interest rates and lower allowable debt
according to the Wall Street Journal. This some markets came close to zero. The ratios. This discourages or disallows
amount has doubled in the last three years idea driving the lower down payments mortgage financing to purchase a
and represents the highest since tracking was to put more people into home property.
this data began in 1997. ownership. When prices began to tumble Mortgage interest rates have been
One reason for this occurring now is and unemployment began to increase, a slowly increasing since April 2010. Higher DAVID HULTIN
that the borrower can avoid the cost of homeowner with difficulty meeting the borrowing costs coupled with greater requirements. Currently, if a borrower has
private mortgage insurance (PMI). If a monthly mortgage obligation and little down payments will reduce the number good credit, debt ratios no greater than 45
borrower puts less than 20 percent down, to no money into the property, had an of potential homebuyers and thus likely per cent, and two months cash reserves
PMI is required by Fannie Mae or Freddie easy decision to walk and give back the keep housing prices stable until the excess in the bank, PMI will allow a minimum 3
Mac. This insurance protects the lender, property to the note holder. housing inventory is eliminated. percent down payment, which is currently
i.e., Fannie or Freddie, in the event the The Obama Administration recently In a different twist on this subject, acceptable to Fannie and Freddie. But
mortgage goes into default. PMI is fairly called for gradually raising the minimum with the threatening imminent housing probably not for long.
expensive and offers no benefit to the down payment to 10 percent. Federal bust back in the mid 2000s, the PMI
borrower other than that the property can Deposit Insurance Corporation (FDIC) companies increased their required down David Hultin (505-946-2521) is a residential
be purchased with less than 20 percent chairman Sheila Blair also recently payments, required higher FICO scores mortgage-loan officer for New Mexico Bank
down. announced that she supported a and lowered debt ratios to avoid greater and Trust. He previously worked in the
Increasing the down payment will minimum 20 percent down payment. insurance losses. Probably due to slower mortgage divisions of two of the largest banks in
discourage delinquencies by forcing It seems likely to me that we will see a purchase sales and declining business, the the United States.
borrowers to have “more skin in the required minimum of 10 percent down PMI companies have begun to relax those
30 MARCH 2011 HOME


      
        

   
    
     

      
      

        
        
WaterCop Authorized Dealer

(505) 471-9036 in Santa Fe
Marcia Wolf, Qualifying Broker • 505-982-4201

Missy Wolf, Associate Broker • 505-310-9700
200 W. DeVargas, Suite 2 • Santa Fe, NM 87501 • 505-982-4201

A FAMILY OF BUILDERS
Walt Chapman started Chapman Company in 1966.

Since then, his sons and daughter have joined
the company continuing to build homes
the Chapman way . . .
with quality and customer service at the cornerstone.
We’ve weathered economic storms
and will be here long after your home is complete.
Build Remodel Sell

505-983-8100 chapmanhomes.com
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Adjacent to
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1,350 sq. ft. at $295,000 Recycling details at: www.santafenm.gov/recycle
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Call Steve Flance THE FLANCE COMPANY

for information Stephen R. Flance
505-690-5838
Qualifying Broker and Owner Help Us Double
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www.bishopslodgehills.com Santa Fe’s
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
Recycling Tonnage. Facebook.com/
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sale or withdrawal without prior notice. Plans, specifications and prices are subject to change without prior notice. An owner is a licensed New Mexico real estate broker.
32 M A R C H 2011 HO M E

56 Polmood Farm Road, Tom Joyce
wall sculpture
inside adobe walls
HOME MARCH 2011 33

BarkerRealtySF.com
Stellar Quail Run Properties

www.quailrunsantafe.com
Unit #677 | Asking $995,000 | MLS #201004093 Unit #115 | Asking $395,000 | MLS #201003025 Unit #641 | Asking $699,000 | MLS #201004359
4 bed, 4 bath | Approx 2,800 sq. ft. 2 bed, 2 bath | Approx. 1,279 sq. ft. 2 bed, den, 2 bath | Approx. 1,815 sq. ft.
Official On-Site Quail Run Brokers

“Barker Realty, the official On-Site Real Estate Broker for 6 years!
Paul Stenberg Trish Love Our development expertise, consummate service and inventory is
505.992.3347 direct 505.992.3573 direct unsurpassed. Our current listings range in size from 782 to 2,800 sq.
505.670.4242 cell 505.670.1229 cell ft. and range in price from $305,000 to $995,000. Please contact Paul
pstenberg@brisf.com plove@barkerrealty.net or Trish for all your Quail Run Real Estate needs!”
Michael D'Alfonso
(505) 670-8201 | michael@ddsantaferealestate.com
Stephanie Duran
(505) 204-2491 | stephanie@ddsantaferealestate.com
“We would love to apply for the job of selling your home!”
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144 Gonzales Rd. #9 | $389,000 3524 Via Brisa Rd. | $375,000 1433 Upper Canyon | $1,699,000 201 Double Arrow Rd | $998,000
MLS #201006512 MLS #201006525 MLS #201000619 MLS #201000408
www.ddsantaferealestate.com
505.982.9836 | 1.800.586.1032 | 530 S. Guadalupe Street, Santa Fe, NM 87501| BarkerRealtySF.com
36 M A R C H 2011 HO M E

OutandAbout
News of Realtor activities, and

of two significant passings
Darlings, the way.
Janet & Tony, still a cool duo after all these
years The Ides of March are upon us. Should The Realtor Retiree of the Month
we beware? The way things are going all is Jonathan Carleton (City Different
over the world, it seems as if maybe we Realty). He had that look, too. In my
should. But I’m focusing on other things, anthropological study of the American OAKLEY TALBOTT
anyway, Butter Beans, because I simply Realtor, I’m collecting data that points to
needs of the Realtors and their clients. And
can’t think about that today — I’ll think that “look” as one of the characteristics of
she was so attractive that the FedEx guys
about it tomorrow. (Scarlet, for as selfish as a successful Realtor. But Jonathan still has
fairly tripped over themselves to get to her
she was, knew how to survive.) that look in his new endeavors - working
desk when they delivered a package to the
On a more personal note, let’s talk out at the gym and traveling about the
office (which they did every chance they
Jonathan, then about the March Realtor Couple of the country with his partner, Alex Gancarz.
got). Sincere kindness and unassuming
Month. We’re happy to have chosen Janet The real-estate community will definitely
beauty... an unforgettable combination,
and Tony Rousselot, who happily joined miss Jonathan, and we only hope that he
appreciated and remembered for years to
Karen Walker Real Estate a couple of won’t be so busy that he’ll forget to miss us.
come.
months ago. To say that in no way implies (Surely that’s not possible, Crumbcakes).
Laughlin Barker (founder of Barker
they were unhappy at their previous office The Expat Realtor of the Month is
Realty and father of David, the current
(Sotheby’s International Realty). What it Victoria Ryan. Dearest Readers, she has
owner/broker) died on Feb. 16 at age 89.
really means is that Janet and Tony are been absent from the Santa Fe real-estate
Laughlin was a third-generation Santa
generally happy people. Tony thinks the scene for several years, but I thought you
Jonathan, now Fean. After graduating from Santa Fe
happiest day of his life was the day he met might find an update of her life interesting.
High, he attended New Mexico Military
Janet. (This should have been a Valentine’s Victoria moved to Mexico permanently
Institute for a year, was appointed to
Day story). Obviously, it was fate — he about 16 years ago. She owns and operates
the U.S. Naval Academy in Annapolis,
was temporarily working at Alpine Sports a B&B, La Casa Encantada, with her
served as a naval pilot in World War II
when Janet came in to buy a pair of ski partner, Cynthia, in Patzcuaro, a charming
and finished his military career as a naval
boots. That was a long time ago, Cupcakes, colonial city located about halfway
commander, and in 1964 returned to
because they’ve been married for 20 years between Guadalajara and Mexico City.
Santa Fe with his wife Rene and their six
now. Happily. Business was quite good until the recent
children.
Victoria (holding Senorita, the dog) and Cynthia Janet was one of Karen Walker’s (and drug wars, which have not seriously
From the mid-1960s on, Laughlin
enjoy the expat life in Mexico many others’) favorite closers at Territorial impacted this part of Mexico, but fear
Barker was a powerful force in the
Abstract & Title when it was located has taken a toll on tourism, which in turn
City Different, and he was a well-
on Luisa Street way back when. Wow, has taken a toll on La Casa’s occupancy
respected and prominent leader in the
back when Territorial had its legendary rate. This has given Victoria more time to
real-estate community. Because of his
Christmas parties, and the Eurythmics paint... there’s always an upside to every
many contributions to Santa Fe, he was
were singing “Sweet Dreams Are Made downside, uh-huh. And she still finds life
deservedly honored as a Santa Fe Living
Of This.” (Oh, Doll Babies, I want to go in Patzcuaro and surrounds magical. If
Treasure in 2007. Laughlin touched many
back.) We always loved how she — Janet, I you’re thinking you’d like to explore some
lives. His personal accomplishments
mean, not Annie Lennox — acted cool as historic colonial cities in Mexico, visit
include a successful 65-year marriage
a cucumber at a closing when somebody Victoria’s website, www.lacasaencantado.
to his high school sweetheart, Rene,
Procession of Silence, Semana Santa, Patzcuaro, had a temper tantrum (the client, of com, and make reservations to stay in a
and a string of successful children and
by Victoria Ryan course, never the Realtor) over a missing sweet little B&B just half a block off the
grandchildren to carry the Barker legacy
page or two in the loan documents. plaza. (Sounds very much like an ad for
forward.
Janet’s cool demeanor and someplace in Santa Fe, verdad?)
So long, Sweetpeas. Until next time...
entrepreneurial spirit propelled her into I’ll close today with a couple of
Oakley
opening and operating a very successful noteworthy milestones. Vicki de Castro
property management business, The Lewis (daughter of Fred and Barbara de
Oakley Talbott, aka Merrily Pierson, can be
Management Group, which she sold a few Castro) died Jan. 10 at age 54. She was a
reached at merrilypierson@cox.net
years ago. She and Tony have been selling beautiful girl in her early 20’s when she
real estate together for years, and together worked as a receptionist/secretary at
they have perfected that “Never let ‘em see Monte Sol Realtors in the early 80’s. Vicki
Laughlin Barker, 1921-2011 you sweat” look. Which is a great look, by was unfailingly kind and attentive to the
HOME MARCH 2011 37

SpousessellingHouses
Protesting your property taxes
Nothing seems to invigorate the great if you are friendly and honest with your states that there is a presumption of
American debate more than the topic presentation, you will get better results. If correctness, and values are presumed to
of taxes, and no tax subject hits home you do not get the result you want dealing be correct. This means that the burden
harder than the property tax. Lately our directly with the assessor’s office, you have of proof falls on the shoulders of the
local media has been filled with stories of the right to have your case heard before property owner and therefore you will
outraged homeowners on the verge of war the County Valuation Protest Board. present your case first. State the value you
over their property taxes so we thought This board is composed of impartial, believe for your property and present your
we would dedicate this month’s article to objective local residents who volunteer comps to the chair to enter as evidence.
the civil and constitutional approach to their time to resolve these disputes before Don’t be unnerved by the county attorney
protesting your property tax. they go to district court. Once you have who will probably object to most of
ROGER CARSON
The County Assessor’s Office a hearing scheduled, focus on preparing your evidence. The chair does not rule
MELISSA PIPPIN-CARSON
determines property-tax values and if your case so that it is accurate and on objections, only acknowledges that
you plan to challenge your property organized. It is really important to keep in objections are made, so keep on going. those of your neighbors, or to argue the
tax, this is the place to begin. There are mind that the taxes you pay this year were Focus your presentation toward the constitution, or recite a list of government
several categories to protest, including from appraisals done the previous year, board members, because they are the waste and corruption accusations, you
agricultural use and residential so if you are protesting 2010 taxes your ones who will rule on whether or not will be wasting a valuable opportunity
classification, but if the core of your case will need to be built on 2009 comps. to make a change in your valuation. and your efforts will fall on deaf ears as
protest is market value then you will need Your evidence can come from a real-estate Once you finish, the county will make the only jurisdiction the board has is over
to focus on the appraised value that the broker who will compile sales of homes its presentation and it will likely be well- valuation of your property and nothing
county assessor has determined for your from 2009 that are similar to yours and organized and professional. Be ready else. If you have the comps and keep your
property. Once you identify that amount, can even appear as a witness to help your to refute their comps if they are not protest within parameters, then you stand
compare it to comparative values in case. Appraisals are also helpful, but representative of your neighborhood and a really good chance to have your taxes
your neighborhood and if you have an make certain that you order a retroactive keep in mind that your goal is to defend adjusted. Our government is a reflection
unfavorable discrepancy then you should appraisal, as the board will not consider a the value you stated. of ourselves and if we want it to be honest
file a protest. current market appraisal. Be respectful and courteous and even and civil, again the burden is on us.
It is the responsibility of the county When you get to the hearing, you if you don’t slam-dunk the county, the
assessor to determine and maintain should know all the players. The assessor board may give you the benefit of the Melissa Pippin-Carson and Roger Carson are
current and correct values of properties who appraised your property will be doubt if both arguments are reasonable. associate brokers with Sotheby’s International
and many times discrepancies can be there and often an attorney for the Fiery rhetoric often accompanies Realty. Read their blog at DatelineSantaFe.
resolved by meeting with your assessor county. (You can have an attorney, too). disputes over taxes so before you begin com or call them at 505-984-5128 with your
and sharing the comps you have and A representative from the State Taxation your campaign for property tax fairness, comments or questions.
compare them to the comps that they & Revenue Department will chair the be sure of what you are disputing. If
used. This is one of those cases where you hearing and then there will be the two your goal is to vent anger over unfair
get better results with sugar than salt and board members. The property tax code discrepancies between your taxes and
Recent Home & Land Sales

Homes $1,000,000 Land
Sales data for the period $744,392 $1,170,000 (None)
Homes $545,000 Land
Homes $500,000 $991,890 Land $153,000 $685,000 $79,900
Jan. 19-Feb. 18 from Santa $265,000 $515,000 $2,400,000 $188,000 $875,000 $1,835,000 $388,250 $1,273,000 $79,900
Fe Association of Realtors $349,000 $695,000 $399,000 $1,500,000 $159,000
$399,500 $915,000 $420,000 $1,550,000
MLS reports. Not all sales
are reported.
Homes Land
$160,000 $147,000
Homes $420,000
$239,000
$85,000 $434,000
$312,000
Homes $150,000 $283,000 Land $825,000 $649,900
$465,000
$185,000 $150,000 $299,578 $120,000 $151,500 $850,000
$224,516 $171,200 $350,000 $190,000 $1,195,000
$225,500 $175,000 $163,500 $242,000 $2,206,500
$261,000 $260,000 $190,000 $246,430 $605,000
$97,000 $269,900 $199,900 $264,500 Land
$107,000 $282,000 $210,000 $328,080 (None)
county
Homes $337,500 $224,000 Land Homes Land

$274,900 $365,000 $273,000 $92,500 $247,000 $131,000
$485,000 $209,000 $296,000 $199,000 $395,000
$125,000 $215,000 Homes Land $305,550
$273,000 (None) $1,150,000
$385,000
38 MARCH 2011 HOME

expect more.
505.989. 77 41 • 433 WEST SAN FRANCISCO STREET SANTA FE, NM 87501
A Full Service Real Estate Brokerage
2038 Kiva Road Great Price Reduction on this charming 1,809 Sq/Ft Stamm house, in Casa 432 Camino del monte Sol Charming, updated adobe home with 2 Bedrooms and 2
Alegre, features 4 Bedrooms and 1 3/4 Baths. Situated on a large lot, the home has been very Baths. The 1,475 Sq/Ft home has a wonderful country kitchen with colored concrete and tile
well maintained and has vigas, a kiva fireplace in the living room, carpet, tile & vinyl floors. Con- counters, stainless appliances, an atrium style dining area, living room, 3 fireplaces, plus a single
veniently located near shopping and schools. Ready for you to move in or update to your liking. car garage. The enclosed courtyards are adorned with flagstone walkways and colorful plantings.
Close to Canyon Road, galleries, restaurants and hiking trails.
mlS #201005535 now offered at $230,000
Listed by Clara L. Dougherty - 690-0471 mlS #201000467 $725,000 $625,000
Listed by Clara L. Dougherty, 690-0471
www.dresf.com
. GREAT LISTINGS . VIRTUAL TOURS . SANTA FE STATISTICS . MULTIPLE PHOTOS . BROCHURES . AND MORE!
Wm.
Wm David
. D Dougherty,
a v i d D oBroker
u g h .eClara
r t y, L.BDougherty,
r o k e r •Broker
C l aAssociate
r a L . D. Lori
oug Lanier,
h e r tBroker
y, B Associate
roker A . Jennifer
s s o c iGallagher,
a t e • PBroker
am A Associate
l e x a n.dPam
e r ,Alexander,
O f f i c e Office
M a nManager
ager

‘Fortress’ targeted for substantial renovation
I
By Paul Weideman
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 & PHOTOS BY PAUL WEIDEMAN
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
RENDERING COURTESY KENT BLAIR / CONRON & WOODS ARCHITECTS
grooves in it and it’s in like new condition;
it’s astonishing how fresh it is.”
only increases the feeling of massiveness. with them in mind. That will be addressed The cavelike interior will be brightened by
It is also tremendously solid.
The building was constructed to serve in the renovation, including with better moving offices now situated around the
“This is a post-tension building,”
as the state’s data center. The floors are signs. It will also replace worn-out HVAC, outside of the floors, blocking light from
said Conron & Woods’ Martin Kuziel.
capable of supporting in excess of 300 plumbing, electrical and lighting systems. the windows, to the center of the building.
“It’s basically a system of cables that are
pounds per square foot, to accommodate Down the road a bit, the renovation This will create a sunlit, 5-foot walkway
poured in place, then they’re tightened,
the large mainframe computers used in the work will require the removal of the around the perimeter.
just like a bridge. Concrete works best in
late 1960s for data processing. approximately 220 employees to another “Also, the customer service area is pretty
compression. It makes for a very strong
However, soon after completion, the location for about one year. dismal and we want to make it feel more
building.”
building was chosen to be the quarters The state and Conron & Woods aim welcoming, more helpful,” Chancellor said.
“It’s a fortress, which is great for Taxation
of Taxation & Revenue. That shift posed to achieve a LEED (the U.S. Green “It will be a more pleasant building to
& Revenue,” Chancellor added. All of the
lingering disadvantages for members of the Building Council’s Leadership in Energy come pay your taxes,” Woods said.
ceilings inside are the exposed undersides
public, since the building wasn’t designed & Environmental Design) certification.
of the structural concrete waffle slabs; this
40 MARCH 2011 HOME

WaterenergyNexus
Water is local
We live in a land of vast abundance, drop off their produce for folks from all be outsourced. It is our most precious
but Northern New Mexico is, of course, around the area to buy. Of course, this resource and it is the base on which our
also prone to water shortage. Water store of bygone times is now a high-end local economies are built. Even so, for
has sustained life here for hundreds of art gallery, and its function has been most of us, water remains out of sight and
years; however, history has shown that replaced by the local farmers’ markets. out of mind.
prolonged droughts occur from time To support an agrarian-based economy, Like our local produce, water is not
to time and consequently we need to Santa Fe used to have more than 30 a given and requires constant tending.
manage water very wisely. active acequias running through the city. Continued focus and investment is
It is a life-giving substance, enabling These irrigation ditches were cleaned and required to enable all of us to live in this
our communities and economies to maintained by the people living along area of abundant beauty. Without water,
survive and thrive. This becomes them. They were the lifeblood of many there is no growth, no local communities
especially apparent from the air, where Northern New Mexico communities. and no “us.” We can be proud of our past DOUG PUSHARD
one can see a vast majority of New Most are long gone, and we have moved water-conservation efforts, but as any
Mexico’s population living within miles of from an agricultural-based economy to a farmer will tell you, last year’s crop is no individuals are local and can help us build
the Rio Grande. Santa Fe is lucky in that more diverse, modern one. Although the indicator for next year. a sustainable future in this arid area we all
it has both the Rio Grande and the runoff method of moving our water has changed Water is not only a life-giving resource; call home.
from the Sangre de Cristo Mountains for dramatically over the last century, our it also is an economic engine. We have
its water supply. dependency on it has not. Water remains moved from an agrarian economy to Doug Pushard (Doug@HarvestH2o.com) is
This easy access to water created an a local resource that is required for a a mixed economy, but water is still the founder of the website www.HarvestH2o.
ideal location for our community and strong, local living economy. critical to our growth. Unnoticed, it com and has designed and installed residential
local agriculture. Garcia Street and the Water is local and will remain local. is also driving a growing number of rainwater systems for 12 years. He is a member
surrounding areas used to be farms not It has been the foundation of the thriving water-related businesses: we of the Santa Fe Water Conservation Committee
long ago. You can still see the sign for economy for past decades and will are truly blessed to have an unbelievable and a board member of the American
the old Gormley’s trading goods store on continue for decades to come. It cannot array of world-class water experts and Rainwater Catchment Systems Association.
Canyon Road, where local farmers would be manufactured offshore, nor can it water businesses. These businesses and
FromtheDirector
Grant received for ethics course
The Santa Fe Association of Realtors During the last two decades, its role has implementing the code of ethics through
(SFAR) prides itself on offering courses evolved to supporting a broad base of arbitration to resolve commission
that support Realtors’ educational goals education opportunities. Contributions to disputes and conducting ethics hearings.
and I’m delighted to share that we have the foundation are tax-deductible and can SFAR’s Grievance Committee, which
recently been awarded a $5,500 grant be made in various ways, including a real- determines if a violation has occurred,
from the Stanley H. Mathis Foundation estate donation, personal property, cash is chaired by Kurt Hill affiliated with
to help underwrite a “Business Ethics for donations or gifts in kind. Adobes & Dirt, LLC.
Business People” course. Ethics is an important component of Other SFAR committee heads for 2011
The course, which counts toward any business and particularly those that are Charles Smith, PreVue Property
a National Association of Realtors involve relationships. The Realtor Code of Inspections, chairing the Affiliates
quadrennial ethics requirement, takes Ethics is a dynamic, living document that Committee; Baro Shalizi, Shalizi Real
place at the 2012 Realtors Association guides members’ professional activities Estate, heading up the Bylaws Committee; DONNA REYNOLDS
of New Mexico Annual Leadership and and relationships with other practitioners. Pam Ostrowski with Professional Asset
Legislative Conference hosted in Santa The code assures the public that Management chairing Commercial Sotheby’s International Realty offering
Fe. The funds will allow the association Realtors will not deny any person equal Council; Cate Adams, Sotheby’s her leadership to the Multiple Listing
to reduce the cost of the course to professional services based on race, color, International, offering leadership for Service Committee; Caroline Russell,
participants; the foundation will provide religion, sex, handicap, familial status, or the Community Services Committee; 2010 Realtor of the Year and affiliated
three travel scholarships for Realtors natural origin. In 2010, it was amended Marc Martin, Stewart Title, serving with Sotheby’s, chairing the Realtor of
traveling to Santa Fe from other parts of to add no discrimination on the basis of as Education Committee chairman; the Year Committee; Lois Sury, Sotheby’s,
the state. sexual orientation. Two other changes Coleen Dearing with Coldwell Banker serving as Realtor Political Action
Established in 1975, the Stanley focused on how Realtors cooperate with Trails West chairing the Government Committee Chair; and Paul McDonald of
H. Mathis Foundation is a nonprofit brokers to promote clients’ interests, Affairs Committee; Susan Harris, Susan Sotheby’s chairing our newest board, the
organization devoted to fostering high- and how Realtors apply the code to the Harris Realty, leading the International Technology Committee.
quality educational opportunities for Internet and mobile technology. Council; Patrick Coe with Prudential
New Mexico Realtors. The foundation The SFAR Professional Standards Real Estate serving as Marketing Donna M. Reynolds is chief executive of the
began by offering courses on a wide range Committee is chaired this year by David Committee chair; Denise DeValle, Varela Santa Fe Association of Realtors. Contact
of topics, including New Mexico real Barker, Barker Realty. David has led the Real Estate, chairing the Membership her at 982-8385 or donna@sfar.com.
estate law, agency, and the code of ethics. committee in the past, with the mission of Committee; Melissa Pippin-Carson with
HOME MARCH 2011 41

RANCHO VIEJO ELDORADO NAVA ADE
6539 SOUTH RICHARDS AVENUE $379,000 34 ALTURA ROAD $314,000 4159 MIDNIGHT OWL $246,000
Priced reduced from $399,000 to $379,000 by motivated Santa Fe Style personified in Eldorado with beamed ceilings Beautiful 3BR, 2BA, 1,457 sq ft home on a quiet street.
sellers! This 3BR, 2BA, 2,353 sq ft, Luminaria home in Rancho and Saltillo tile flooring throughout, Talavera tile in kitchen and Numerous upgrades. Welcoming tiled entrance area, open
Viejo shows beautifully, has $50,000 in upgrades (including 2 bathrooms, kiva fireplace in living room, custom carved interior concept living room/dining room/kitchen with a high ceiling and
landscaped courtyards) and has outstanding Sangre de Cristo doors. Split 3BR, 2BA plan, 2,069 sq ft built in 1996 with radiant lots of light. Large lot with a terraced rose garden and a 2-car
and Jemez Mountain views. MLS# 201005436 heat. Huge entry courtyard. Large, newer deck. Great south finished garage. NEW LOW PRICE. MLS# 201006178
and west views. Re-stuccoed in 2007. MLS# 201004837
PARK PLAZAS
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
MARY ARNOLD KENT JONES
505.577.5446 505.670.2262
mary.arnold@sothebyshomes.com www.EldoradoAreaRealEstate.com kent.jones@sothebyshomes.com
DAVID 505.670.5515 BONNIE 505.954.0736

david.sorenson@sothebyshomes.com bonnie.sorenson@sothebyshomes.com
Visit our Website:

SantaFeRealEstateToday.com
Informative • Comprehensive • Smart
• Most Comprehensive Santa Fe Real Estate Statistics
• Search Complete Santa Fe MLS
David & Bonnie Sorenson • Current Santa Fe Information
PROPERTIES Our Clients Are the Best! LAND/LOTS

HAVE SOLD 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
ARE SELLING!
“We Need New Listings” CAN find you the perfect home to fit your lifestyle and needs. They will take the time to Call us to see these
educate you on the Santa Fe market and patiently guide you into the “right” home. Just
Call us for a consultation as important, they will not let you inadvertently buy the “wrong” home. This is a huge great view lots!
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 MONTE SERENO
CED skillfully guided us into: 1) a “second” home; 2) sold that home for us; 3) found us our $229,000 -$409,000
U permanent home. They played a crucial role in getting us a comfort level that allowed us
RED to relocate. They are simply the best realtors we have ever dealt with.
$169,000 - $349,000
un Jeff & MJ Rankin
ail R NORTH SUMMIT
Qu Bonnie and David were wonderful partners throughout our home buying experience. We Gated Development
were living out of state when we first started working with the Sorensons. They took the LOT & PLANS
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
$359,000 $289,900
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 TANO ROAD AREA
3101 OLD PECOS TRAIL #808 $675,000
everything from services to restaurants. Home buying can be very stressful, and moving Desirable Location
Pinon B model, 2BR, 2BA, remodeled with: bamboo to a new state even more so, but Bonnie and David make it not just pain free, but fun. 5 ACRES
cabinetry, Viking appliances, remodeled baths. On a It’s all true!!
Jill Dillon
$319,000 $189,900
private cul-de-sac next to a greenbelt. #904637
42 M A R C H 2011 HO M E
326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe 231 Washington Avenue • 505.988.8088

It’s a Great Time to Find Your

New Santa Fe Home!
ALAN AND ANNE VORENBERG

505.466.0927 888.257.6750 Toll Free
Alan.Vorenberg@SothebysHomes.com
Anne.Vorenberg@SothebysHomes.com
OUR RECENTLY SOLD PROPERTIES

690 La Viveza Court (S) 2300 Las Casitas (S) 1730 Ridge Pointe Loop (B)
79-C Mountain Top Road (S, B) County Road 120 (S) 819 Bishops Lodge Road (B)
6 Dandelion Circle (S) 168 Vuelta Maria (B) 14 Reeds Peak (B)
193 N Double Arrow (S, B) 125 Overlook Road (B) 31 Franciscan Lane (B)
UNDER CONTRACT – 201 North Double Arrow S = Seller, B = Buyer
954 Cerro de La Paz $4,500,000 680 Garcia Street $1,800,000 624 East Alameda, #6 $895,000 23 Bishops Dome Road $850,000
Made of Rastra block by preeminent builder Classic Santa Fe Style in the historic Spacious and beautiful three bedroom, three Striking single-level Contemporary home
Doug McDowell this residence boasts Eastside. Comprised of a rambling 5,600 sq bath home with enclosed backyard, 2-car on 2 plus acres. Wonderful western views,
superb finishes, 11 fireplaces, dual master ft, 4BR, 5BA adobe residence with a huge garage, and walled front courtyard with Rastra construction, 4 fireplaces; master
baths, and a fabulous kitchen, with a guest great room, comfortable family room, five fireplace. Lovely private compound with bath has exercise area, Kohler spa
casita and a gorgeous swimming pool all on fireplaces, and a fabulous portal on a great landscaping and its own gate onto shower, 34-inch deep jetted soaking tub
12.5 acres near the Plaza with stunning beautiful one acre parcel. Includes an indoor Canyon Road. 624EastAlameda.com and bidet. 23BishopsDome.com
views. 954CerroDeLaPaz.com swimming pool. 680GarciaStreet.com
And Find That New Home on

Our Recently Enhanced Website!
SantaFeBeautifulHomes.com
• Search Santa Fe MLS • Create and Manage your own Personal Account
• Track New Listings and Price Reductions • Save your Favorite Properties and Searches
• Search Neighborhoods and Luxury Homes • Receive Automatic E-mail Updates
• See Frequently Updated Market Data Statistics
www.santafesir.com • www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533


Ranch and Residential listings: LOVELY SANTA FE STYLE HOME
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 3 Christopher Court
scales, perimeter fenced w/8 pastures, 2 traps, in excellent condition. Capacity is 350 auyl List MLS# 201003551
Price: $4,000,000.00
11 Avenida Maya – 12+ acre parcel has 3,060 sf 4 bedroom home w/top line finishes, appliances,
Listed at $615,000
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
Lovely 3200+/- SF, 7-yr old Pueblo
4 SMCR B-50 – Rowe, New Mexico – Hurry to see this two story 1,600 sf home w/ 3 bedrooms,
3br/3ba, 2 car garage on 2.5+/- acres
2 baths on 1.4 acres. Carport off back door, fenced front yard & horse pen. Price Reduced to with 3rd finished, heated
$213,900.00 MLS# 905884 garage/studio/office/family
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.
room. Think: Buy or Trade
REDUCED Price NOW: $888,000.00 MLS# 900454 Santa Fe or Albuquerque area.
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 Rachel Rosebery, Associate Broker Cell: 505.570.9365
pumice construction can’t be beat. Priced Waaaay below market at $265,000 MLS#901803 Coldwell Banker Trails West Realty Ltd. Office: 505.988.7285
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
een the
84 is 180 acres w/power, phone & awesome views for $298,900.00 also will sell 720 acres for e You S
$612,000.00 & 360 acres in La Cueva Canyon for $216,000.00 H av
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
?
of the Day Today
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 Check out the
John Provost - 455-1201 • Ralph Jaramillo - 490-7720 daily deal on
1433 St. Francis Dr. Ste. 210 page A-4 of The
Santa Fe, NM 87505 Santa Fe New Mexican
505-989-7573 every day!
I work as Buyers Agent
for Ranch Buyers anywhere Toll Free: 888-989-7573 • Cell: 505-490-0220
in New Mexico. kahler @ newmexico.com • www.SantaFeLand.com Visit us on FACEBOOK, TWITTER and at SplurgeNM.com
231 Washington Avenue • 505.988.8088 • www.santafesir.com • www.sothebyshomes.com/santafe

64 PASEO DEL CONEJO

$965,000
Charming Historic Eastside
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.
536 GARCIA STREET $749,000
Completely remodeled 2BR, 2BA,
Charming and spacious 2BR, 1.5BA gem with gated and walled courtyard entry. Nichos,
2,253 sq ft home. Wonderful front
vigas, Saltillo tile and wood floors compliment this Historic Eastside find, set back from
and back yards on drip and sprin-
the street on a quiet, private lane. Large open
klers. #201006464
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
KATHERINE BLAGDEN
Direct: 505.955.7980 Cell: 505.490.2400 KATHY ABELES RICHARD SCHOEGLER
katherine.blagden@sothebyshomes.com 505.470.3720 505.577.5112
44 M A R C H 2011 HO M E

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
PHOTO BY PAUL WEIDEMAN
ground and second-floor (clerestory) levels.
807 Camino de Monte Rey
Eight smaller windows on the south (Cam.
de Monte Rey) and east (parking lot) sides “Overall, Pacheco Park has sort of held one percentage point in 2011 compared downstairs and 40 percent upstairs,” Faust
have decorative hanging canopies. steady at about 75 percent occupancy,” with the 2-point annual decline typical for a said.
Faust also handles leasing at Pacheco Faust said. “We’re at 78 percent right now.” recovery cycle.” Such buildings are often left unfinished
Park, the stylish, nearly 10-year-old The vacancy rates downtown, by Office prices have come down a little bit, so that tenants can tailor the spaces to their
business cluster at 1512 Pacheco Street. contrast, remain high, basically unchanged Faust said. “It still seems that for the Class individual needs. That is also the case at
“Occupancy is holding its own there,” he since Thornburg Companies’ move from A properties, we’re seeing a range of $18 807 Camino de Monte Rey, although it isn’t
said. “At the downturn, we were heavily buildings on Lincoln and Marcy streets into to $21 per square foot. Some of the older, just bare studs inside. Many of the two-
weighted to the building industry, which its new headquarters on the north side. Class B/Class C stuff in Santa Fe is a lot story wall surfaces are covered with OCB
hurt us. We had four architects and BT “Leasing activity has slowed across higher vacancy and those lease rates are a sheathing, creating rigid interior walls to
Homes and they’re all gone. We still have most retail centers, which has also caused lot lower. combat shear stresses.
some building-supply sort of people with vacancy rates to climb in the downtown “I talked to Marc Bertram at SF Brown “We’re thinking we will finish one of
Form + Function and Santa Fe by Design.” ‘Plaza’ area,” says a 2011 forecast from and he said they’re pretty much leased out the spaces out, so people can get an idea
Relative newcomers at Pacheco Park are Grubb & Ellis. “In fact, more vacancy exists in their properties off of Rodeo Road and of what’s here,” Faust said, “and we’ve
TKO Advertising, the design collaborative in the downtown area now than there has on Siler Road.” also toyed with the idea of turning it into
Four, and Momentum Physical Thereapy, been in the last 20 years.” The leaseable spaces at Pacheco Park executive suites, where people can rent out
and Faust said he expects a yoga studio to Looking at the national picture, Grubb range from 614 square feet to 2,731 square offices.”
move there soon. & Ellis says “the commercial real-estate feet, with prices at about $19 a square foot. He said one unit could be medical/dental
Pacheco Park is also home to Tierra Real leasing market hit bottom in 2010 while the The new building on Camino de Monte and the rest will be available as straight
Estate Group and to the two companies investment market — segments of it — Ray is available for sale ($979,000) or lease office space for attorneys, accountants and
that Eric Faust owns with his brother, perked up faster than we thought possible a ($17.95 per square foot). Leaseable spaces others.
Kurt Faust, and Keith Gorges: Tierra year ago at this time. start at 1,185 square feet (monthly rent For more information, see www.
Concepts, a home-development company, “Sluggish job growth will generate a $1,880). tierrarealestategroup.com.
and Southwest Spanish Craftsmen, which half-speed recovery in the office market, “We laid this out into four units, each
produces handcrafted furniture. meaning that vacancy will decline by about one with about 60 percent of its space
46 MARCH 2011 HOME


OurwaterQuality
Drinking too many minerals?
Consumers have expressed concerns content (which remains controversial), is of minerals in water as a function of
that consumption of demineralized relatively recent in the U.S. Bottled water available food sources, diet, and the
water — with levels of total dissolved is regulated by the FDA, not the EPA, geologic and environmental factors which
solids (TDS) below 50 parts per and bottlers are not required to disclose determine the presence and concentration
million — would deprive them of calcium and magnesium levels. Some of minerals in ground water. In areas
beneficial minerals. Ironically, critics of imported bottled waters have very high where diets are poor and malnutrition is
demineralized water, for this reason or TDS, including excessive levels of arsenic, common, and where the average intake
other misconceptions, commonly buy nitrate, and sodium that may exceed the of minerals is below recommended levels,
bottled water, most of which has very low EPA’s maximum contaminant levels. the relative importance of water minerals
mineral content and is subject to even Bottled-water purveyors seem to for human health is greater.
fewer regulations than public water. hope that consumers will overlook the Drinking water is an inconsequential
Water low in TDS does occur naturally, carbon footprint of transporting bottled source (5-10 percent) of your total daily STEPHEN WIMAN
but the dialogue is directed primarily water, and the environmental damage calcium and magnesium needs and, if
toward waters produced by reverse of improper bottle disposal, and will mineralized drinking water were your metals, radionuclides and other harmful
osmosis, de-ionization or distillation, equate all bottled water with “mineral only source of minerals, you would constituents that may pose potential
and which are intentionally devoid of water,” which is defined by the FDA as have to drink copious quantities of it. risk to your health, you get to decide
constituents commonly found in water containing not less than 250 ppm TDS In the U.S., calcium and magnesium if these attributes outweigh the minor
supplies, some of which are known or and originating from a geologically levels in drinking water are not subject contribution of beneficial minerals which
believed to be detrimental to health. and physically protected water source. to regulation by EPA and are not even can be readily acquired through the more
The importance to our nutrition of the Bottlers gladly comply with disclosing reported by public water systems. World easily absorbed organic minerals found in
principal components of hardness — the irrelevant statistics for total fat, total Health Organization guidelines for the foods of a healthful diet.
calcium and magnesium — is irrefutable, carbohydrate and protein content and drinking-water quality do not include
but there are no water-purification make its taste acceptable by removing, recommendations regarding calcium and Stephen Wiman has a background in earth
systems that leave behind “beneficial in most cases, the unpleasant taste of magnesium. science (Ph.D. in geology) and is the owner of
minerals” and remove contaminants. The chlorine. If you have the option of consuming Good Water Company in Santa Fe. He may
concept of drinking water as a supplement On a global scale, there is wide drinking water that is free of any be reached at 505-471-9036 and skwiman@
to nutrition, other than for its fluoride variation in the relative importance chemicals, microbiological contaminants, goodwatercompany.com.
Mortgagematters
History repeats itself... over and over
After several years of new and ever- 5. The new good faith estimate is preserved. Mortgage brokers are alive and
changing federal and state regulations now three pages and more difficult to well, and an important resource.
affecting the mortgage business, have understand. Loan officers must explain What entities have shaped these
those aspiring to buy a home been the estimated disclosed costs in much changes in the mortgage business? The
aided or hampered? Beginning with the greater detail. Federal Reserve, of course, the New
infamous subprime mortgage meltdown, 6. Income requirements instituted Mexico legislative branch that has pasted
new regulations, primarily aimed at the by Fannie, Freddie and FHA are more a new loan officer license act and a
loan origination process, are close to conservative, as was the case 20 years ago. mortgage company act and the federal
completion. And what do we have? A few It appears that all new requirements legislative branch of Congress that is
of the good, the bad and the ugly: for any loan officer are headed toward working on the Dodd/Frank Bill (a 1,000-
1. As of June 2010, state and federal a common set of requirements. This is, plus page bill ). These powerful entities
licensing is required for all mortgage of course, fair, best for the homebuying will continue to massage the mortgage JIM GAY
loan officers. Loan officers at banks were public, and the way it has been for the last process for some time and offer some
originally exempt from the requirement 20-plus years. additional safeguards for the public. All bank, disclosures are vast and paperwork
but now it appears they will be studying This is an interesting twist for the loan good and the way our system works. is massive. As it has always been, be
for these licensing tests. officer at a mortgage brokerage company. Again, after all is said and done, advised, and select a loan originator with
2. A federal registry, NMLS, is now After two years of threats that brokers after all the discussion and legislation, years of experience and a solid reputation
available for consumers to verify that would fall by the wayside, that the role history is repeating itself in the form of if you want the experience of a successful
loan officers are licensed and current on of the broker would disappear due to requirements for the loan originator and loan closing.
licensing requirements. restrictions placed on their income, that the consumer that are very similar to
3. Continuing education is now brokers would be named the culprits of years prior to 2008. And the bottom line Jim Gay was a real-estate broker for more
required for loan officers. the mortgage meltdown and that serious for you is still whether you trust your loan than 20 years and has been a consultant to
4. Homebuyers are faced with increased buyers better move toward banks for their officer to dot all the i’s and cross all the t’s. Fortune 500 companies. He is currently senior
disclosures for all purchase or refinance loans, it now appears that this important Whether your loan originator represents loan officer at Home Buyers Mortgage (505-
loans. place in the mortgage business will be a brokerage company, a direct lender or a 986-9080) in Santa Fe.
48 MARCH 2011 HOME


Ride the Range
in Abiquiu
RANCHO QUERENCIA - This lovely 4,300 sq.ft. pueblo style
hacienda allows you to enjoy the dramatic color of Northern N. M.
This private 250 acres which borders State Land has diverse topography
of grasslands, mesas and red rock cliffs making it ideal for hiking and
riding. This 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. The 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
CANYONLANDS - Hear the Silence – Feel the Spirit! Once part of a historic Spanish land grant, this CASA BONITA – Enjoy some of the finest views of Lake Abiquiu, Cerro Pedernal & Ghost Ranch
spectacular 520 acre ranch borders the Rio Puerco stream and is surrounded by the dramatic color of Prieta from your own 2 bedroom (1375 sq.ft.) casita. Custom touches, numerous extras, large panoramic
Mesa, Ghost Ranch and the mysterious Cerro Pedernal. Diverse topography includes rock towers and cliffs, windows, stone countertops & radiant heat. A private boat ramp & swimming area complete this dream
deep red canyons and sage brush plants rimmed with pinon and juniper trees overlooking its own rock- getaway. Bordering Ghost Ranch, this property is great for hiking & horses. Only 75 minutes to Santa Fe.
strewn canyons and ancient cottonwood-lined stream. Covenants and conservation easements protect your MLS 201005758 10 Acres $490,000
privacy and the sanctity of the surrounding 7,000 acres,assuring this grandeur and pristine beauty will be CASITA CUESTA ROJA – Overlooking Lake Abiquiu & Ghost Ranch, this contemporary,
preserved forever. Only 90 minutes to Santa Fe.* MLS 2010003629 520 acres $2,275,000 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.
EL TESORO ESCONDIDO – Lot 3-2-B - Pedernal rises to the east of this incredible parcel which MLS 906887 22 Acres $310,000
overlooks Ghost Ranch and Abiquiu Lake. Ideal spot to build your red rock get-away. Shared well and RANCHO LA CANADA - 22 acres of canyon-like ranch property at the
D
SOL
underground electric. One hour & 15 minutes to Santa Fe. MLS 800814 10.1 Acres $159,000 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
LA CAÑADA DE ABIQUIU Tract 5-A - Nestled in the foothills of Sierra Negra on the edge of the Carson RESIDENCIA DEL RIO – 31 acre Hacienda on the Chama River. Adobe main house with
National Forest is an incredible area called La Canada de Abiquiu. These parcels exist amid the mesas and extensive walled courtyard and detached quest house. Two wells and 11 irrigated acres will give
rock-strewn vistas that Georgia O’Keeffe made famous. Enjoy panoramic views of Abiquiu from this unique you plenty of water and room for pasture, vineyard, gardens and horses. Only one hour to Santa Fe.
10 acre parcel. Shared well and electric.* MLS 904005 7.3 Acres $120,000 MLS 201100723 31 Acres $ 895,000
HIGHWAY 84, AT THE ABIQUIU INN • (505) 685-4646

www.abiquiuland.com * Owner is a Licensed New Mexico Real Estate Broker
50 M A R C H 2011 HO M E

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to sell nor a solicitation of an offer to buy to residents of any state or jurisdiction in which registration requirements have not been fulfilled. Pricing and information are subject to change without notice and are not
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is not •an offer • 866.721.7800
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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 fulfilled. Pricing and information are subject to change without notice and are not
SANTA FE ®
PROPERTIES
SantaFeProperties.com SantaFe.com 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 fine 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 five-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 Officer of
santa Fe Properties. “As the exclusive affiliate 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.”
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
1000 PASEO DE PERALTA • SANTA FE, New Mexico 87501

SantaFeProperties.com • 505.982.4466 • 800.374.2931

Santa Fe Real Estate Guide March 2011

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The residential market • Bathroom remodeling

GARCIA STREET RANCHO ALEGRE

Aleka Moore Aleka Moore

Why search for Santa Fe Real Estate

Inviting Santa Fe Style

PAGE 3 BLACK CYAN MAGEN-

Fine properties to suit your Santa Fe lifestyle

6 COLUMBINE $529,500 20 TECOLOTE $1,175,000 2906 PLAZA BLANCA $339,000

Jennifer Gallagher, 505.660.8793 • Moo Thorpe, 505.780.0310 • Chris Haynes, 505.660.6121

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Don’t Miss Insider’s Guide to Santa Fe, at ChooseSantaFe.com

PAGE 5 BLACK CYAN MAGEN-

EXCEPTIONAL LIVE/WORK LOFT SUBLIME SOPHISTICATION MAGDALENA COMPOUND FOOTHILLS ADOBE

Visit Our Portfolio of Outstanding Homes & HomeSites at

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Combined 55 years of Santa Fe

326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe

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403-405 SOSAYA – OFF ACEQUIA MADRE HOLMAN RANCH $2,450,000

15 CERRO BLANCO $539,000 506 JOHNSON LANE $495,000

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ABIQUIU LAKE EXQUISITE Ashley Margetson CRS, GRI

SPANISH COLONIAL DIVINE EUROPEAN

528 CAMINO LOS ALTOS $1,349,000

www.santafesir.com • www.sothebyshomes.com/santafe 231 Washington Avenue • 505.988.8088

PAGE 9 BLACK CYAN MAGEN-

Emily Loves to Sell Santa Fe!

Eldorado285AreaHomes.com Tune in Every Sunday

“All Things Real Estate”

52 HERRADA ROAD $339,000 REMOTE BROADCASTS

FRED RAZNICK Contact Rey Post to schedule your

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OLD PECOS TRAIL GATED COMMUNITY HORSE PROPERTY

Emily Ivette Garcia Excellence, with a touch of grace…

TREMENDOUS VALUES that will be remembered for years to come...

Contemporary with Views

Huge House and Guest House Land Near Eldorado

Ramah, NM Retreat Galisteo Serenity with Studio

2 Legal Lots 505.955.7963 • 505.699.6644

PAGE 11 BLACK CYAN MAGEN-

TANO ROAD AREA LAS CAMPANAS

TESUQUE LAS CAMPANAS

3 CALLE VENTOSO WEST

MUSEUM HILL LAS CAMPANAS

36 SIERRA ROSA LOOP

WILDERNESS GATE VILLAS OF BISHOP’S LODGE

4-A LODGE CIRCLE

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99 MEJOR LADO 1307 LEJANO LANE

DERMOT MONKS DARLENE STREIT

www.santafesir.com • www.sothebyshomes.com/santafe 417 East Palace Avenue • 505.982.6207

PAGE 13 BLACK CYAN MAGEN-

“Linda is an expert at pricing a property to sell in a timely manner

The Good..The Bad..and The Future...

What the numbers are showing: as a whole our Santa

326 Grant Avenue • 505.988.2533 www.santafesir.com • www.sothebyshomes.com/santafe

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A new look for Spring...

Fine Furnishings & Accessories

PAGE 15 BLACK CYAN MAGEN-

16 MARCH 2011 HOME

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