Boerne Business Monthly – November 2020

Volume 13, Issue 05: November 2020

AUTHENTIC SPANISH CUISINE IN THE HEART OF BOERNE

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NEW “BOERNE STRONG” CAMPAIGN ENCOURAGES YOU TO SHOP LOCAL! BUSINESS VALUE BASICS LOCAL NEWS & INFO

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Keeping up with technology can be a full-time job.

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• Estate Planning • Charitable Giving • Family Office Services

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November is here! This is the month that reminds most of us to pause and really give some thought about what we are thankful for. 2020 has definitely been an interesting year, but even in times like these we can always find reasons to be grateful!

This issue we are sharing with you the new “Boerne Strong” campaign that reminds us all how supporting small business makes a huge impact on our town. With this in mind, the City of Boerne, the Greater Boerne Chamber of Commerce, Boerne’s Retail & Restaurant Owners Association (R&ROA) and Boerne Kendall County Economic Development Corporation are working together to attract visitors and encourage residents to shop local whenever we can. Our small businesses are what makes Boerne so unique, let’s make every effort to show them our support.

Also in this issue, we feature Botero Tapas + Wine Bar. If you have not had the pleasure of dining there yet be sure to go as soon as you can! Not only is the food delicious, the atmosphere is amazing and the owners are truly delightful.

I hope you all have a blessed Thanksgiving and know that I am grateful for each of you that support BBM and allow me to share all that is wonderful about Boerne!

Lauren Stumberg Owner/Publisher

Planning Your 2021 Marketing Budget?

DON’T FORGET TO INCLUDE BOERNE BUSNESS MONTHLY! The local magazine you love to read is the same one your potential customers are looking at too!

Call us at (210) 219-6735 to get your business in BBM!

FOR MORE INFORMATION 210.219.6735 | LAUREN@DISTINCT-GRAPHICS.COM | WWW.BOERNEBUSINESSMONTHLY.COM

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B oerne B usiness M onthly | November 2020

boernebusinessmonthly.com

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November 2020

contents 16 BARRETT HOUSER INSURANCE PRODUCER

SERVING THE INSURANCE NEEDS OF THE HILL COUNTRY & SOUTH TEXAS

(210) 364-6184 HOME – AUTO – LIFE – FARM & RANCH – COASTAL BUSINESS – BENEFITS – BONDS & MORE

WWW.THENITSCHEGROUP.COM PROUDLY INSURING TEXANS SINCE 1949

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08: valuation

Business VALUE Basics

by Rich Barkley – Financial Advisor, Prime Capital Investment Advisors

10: calendar 14: ribbon cuttings 16: cover feature

Botero Tapas + Wine Bar Authentic Spanish Cuisine in the Heart of Boerne

by Lauren Stumberg

Do you have bloating, stomach pain, fatigue, joint pain, migraines, eczema, or trouble losing weight?

Maybe it’s what you’re eating.

Foods may be causing inflammation in your body, which present as physical symptoms.

However, figuring out which foods are causing these symptoms can be challenging.

Take out the guesswork with one of our Food Inflammation Tests. Our pharmacist will go over your results with you and answer any questions you have.

830-981-4774 AnniesRX.com 211 S. Saunders St. Boerne, TX 78006

“The Only Accredited Compounding Pharmacy in Kendall County!”

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B oerne B usiness M onthly | November 2020

20: real estate

Texas Housing Market Strong in 4Q2020

22: announcement

Sonora Bank Appoints James Cox as Executive Vice President and Chief Credit Officer

24: shop local

New “Boerne Strong” Campaign Touts Benefits of Buying Locally!

27: health

Is Walking Good Exercise?

by Peripheral Vascular Associates

30: finances

The Covid Career Two Step

by John D. Eadie, CPA, CFA, CFP®, PFS, CLU®, CIMA, CKA® Founder and Managing Director – Covenant, a Registered Investment Advisor

facebook.com/boernebusinessmonthly Boerne Business Monthly is published by Distinct Media, LLC, copyright 2020. Reproduction is strictly prohibited without prior consent of the publisher. Opinions expressed in Boerne Business Monthly are those of the writers or sources and do not necessarily represent the views of the publisher, nor do they constitute the endorsement of products or services herein. Although the information and recommendations in this publication have been compiled from sources believed to be reliable, Boerne Business Monthly makes no guarantee as to, and assumes no responsibility for, the correctness, sufficiency or completeness of such information and recommendations.

• Cave Construction • Custom Gunite

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boernebusinessmonthly.com

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valuation

Business VALUE Basics

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by Rich Barkley – Financial Advisor, Prime Capital Investment Advisors

Most small business owners spend the majority of their lives running their largest asset, their business. Then, when they transfer/sale, more than likely, it is one of the most critical transitions. To optimize this transfer, a business valuation should be considered. In the last article I wrote about Asset Allocation and where these micro businesses fit into the business owner’s financial plan. A professional valuation is one of the best starting points to prepare for this journey. A simple investment characterization is frequently defined as return over risk. The level of risk and return determines the value. There are several critical tangible and intangible value drivers that determines risk. How is value derived, how do operational, managerial, financial and strategic decisions ultimately affect value? These questions are not complicated but are complex and each business owner is different but ultimately affect the value. We as Certified Valuation Analysts have a detailed process that assesses the risks associated with specific businesses within certain industries and/or sectors and then apply the risks to the benefit stream / revenue. Formal (certified) valuations have a specific place in the business world. A formal valuation is helpful to assist in determining the most accurate benefit stream/cash flow (revenue), assessing the associated risks and comparing similar business sales and metrics.

The Valuation Formula The formula for a business valuation is Value = Future Cash flow / Risk to Achieve Future (projected) Cash flow.

Cash flow is something most business owners understand.

However, risk is very much overlooked and misunderstood.

This is why it is a common misconception amongst business owners that the value of their business is determined solely by revenue / cash flow or just an industry multiple.

It’s actually related to the overall ability and risks of the business to produce revenue and free cash flow in the future. Businesses with the same sales and cash flow sell for significantly different amounts due to the level of risk.

That’s why the simple multiple of EBITDA is not always the best approach.

Business Valuation Approaches There are three main approaches to business valuation: the income, market, and asset approaches. Choosing which approach is best, depends on the type of business and reason for the valuation.

Income Approach as defined by Valusource This is the preferred approach used for business valuations. It is based on calculating what the future cash flow to the owner of the business is worth today, also

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B oerne B usiness M onthly | November 2020

called the “present value,” or the “discounted cash flow”.

The advantage is that the predicted cash flow and the risk to achieve that cash flow are related directly to the current operational state and, therefore, directly affects the value of the business.

When you look at business sale data, it tells a compelling story of what businesses sell for and how much more a better performing business is worth to a potential buyer. A “better performing” business means a business with similar revenue and cash flow is selling for more (or even, much more) than its peers...

Part of our job as advisors is to dive deep into how the numbers compare with their peers and the businesses internal systems and processes and then, in a sense, rank the business and identify comparable strengths and weaknesses.

Market Approach The market approach is the most common approach in valuation. The best evidence of the value of a business is the market, or what other similar businesses have sold for (think of the MLS® system for residential real estate). The market approach looks at what similar businesses have sold for and then uses multiples (to adjust for size) to determine the value of a business. The disadvantage is that it is difficult to find a directly comparable business. Usually, businesses are compared as to product/service, size, and geography. However, it is very difficult to compare the competitive advantages of one business to another even if both sell the same product, are the same size, and operate in the same geographic area.

Asset Approach The asset approach looks at the value of the business in terms of the market value of its assets only. To accurately determine the value of the assets an appraiser may need to be hired. For most service-based businesses, the assets (furniture, fixtures, and equipment) are small, but other types of businesses like a manufacturing company may have substantial assets.

The advantage of the asset approach is that it will establish the lowest value of a business. The disadvantage of this method is that it does not really establish the highest and best use value of the assets in the business.

Certified Valuation Analyst (CVA) One important thing we strive to do is help business owners understand the business valuation “roadmap”, meaning the range of what businesses sell for and equally important, how their business compares to the competition. This means providing them the range of values (ballpark figures) based

on their specific business situation which includes tangible and intangible value drivers. Business owners need to understand what businesses like theirs actually sell for, and then the associated risks. It is a difficult conversation to tell a business owner that their sweat equity did not increase their company’s value as much as they expected, having accurate and substantiated data in hand helps with focusing the conversation on fact vs. opinion surrounding this charged topic.

Performance, Risk and Business Value Performance, Risk and Business Value is formulated by the information and data calculated with a business valuation.

The Metrics and Key Performance Indicators are more than just revenue or cash flow, instead the difference is purely based on having better performance which is unrelated to revenue and cash flow. From the valuation perspective, better performing businesses have less risk than poorer performing businesses. We can help assess this Gap in a defined, systematic, proven process to add clarity and confidence in where to start to increase value. Again, it’s not complicated but it is complex and this data will give business owner’s a clear path to take in an orderly, step by step basis.

Conclusion It is critical that we help existing business owners understand the value of their business and the direction to improving that value. As a Financial Advisor, Capital Manager and Certified Valuation Analyst (CVA) I take the steps to help business owners understand the qualitative and quantitative metrics and the importance of this information. Start now, the transfer may happen before you think. Be prepared to optimize your hard work. BBM Rich Barkley is a financial advisor and investment representative for Prime Capital Investment Advisors (PCIA).

Prior to joining PCIA, Rich was a small business owner in Boerne, TX. Rich uses his 16+ years of entrepreneurial experience to partner with high net worth individuals and business owners, providing customized financial solutions to their unique and specific financial goals.

Rich received his Bachelor of Business Administration degree from Tarleton State University and holds multiple FINRA registrations, including FINRA Series 63, 66 and 7.

He is also Life, Accident and Health insurance licensed in the state of Texas. Rich is also a registered representative with Private Client Services, Member FINRA/SIPC. Rich and his wife have lived in Boerne for 25 years, and now have two daughters. In his spare time, Rich enjoys exercising, spending time outdoors and supporting the Boerne community.

www.pciawealth.com

Committed to supporting the communities where we live and work.

Sonora Bank knows the importance of giving back and bringing communities together during these ever changing times. We are proud to be able to give over a quarter of a million dollars to flood relief efforts, local organizations and charities over the past two years, while our employees spent over 3,600 hours volunteering in the communities where we live and work.

When you need us the most, we are there. Through the SBA Payment Protection Program, we were able to fund 250 loans, totaling a little over $18.3 million and impacting 2,270 people.

Our local support is packaged in many different ways.

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(830) 816-2288

Judy Filingeri Owner Angela Turner Broker Carey Stewart Realtor Suzanne McGinnis Realtor Brette Nickelson Realtor boernebusinessmonthly.com

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Calendar of Events

EVERY THURSDAY GUADALUPE RIVER MARKET 4:00pm to 8:00pm | Tusculum Brewing Co. 236 S. Main Street – Boerne Shop from local vendors for baked goods, body products, and more!

EVERY SATURDAY FARMERS MARKET AT THE CIBOLO 9:00am to 1:00pm | Historic Herff Farm 33 Herff Road – Boerne Shop fresh local produce, farm-fresh eggs, bread, jams, jellies, local honey, and Texas Hill Country arts and crafts at the historic Herff Farm at the Cibolo Nature Center in Boerne.

Enjoy free live music, gardening classes, cooking demonstrations, and children’s craft activities, too.This popular Texas Hill Country outdoor farmers market will be open to the public every Saturday from March through November.

Pre-register for Yoga at the Farm every Saturday at 9:30am on the back porch of the historic Herff Homestead!

NOVEMBER 3 GBCC RIBBON CUTTING FOR AMBER’S CLOSET RESALE BOUTIQUE 1:30pm to 2:00pm | 233 South Main Street – Boerne NOVEMBER 5 GBCC RIBBON CUTTING FOR DESILVA DERMATOLOGY 11:30am to 12:00pm 120 Old San Antonio Rd. – Boerne GBCC RIBBON CUTTING FOR JOURNEY HOMES 1:30pm to 2:00pm Regent Park Community - Journey Homes 120 Kingston Ct. – Boerne NOVEMBER 9 KENDALL COUNTY COMMISSIONERS COURT 9:00am to 11:00am | Kendall County Courthouse 201 E. San Antonio Ave. – Boerne

Serving the Texas Hill Country Since 1916

Every 2nd and 4th Monday of each month.

NOVEMBER 10 CITY COUNCIL MEETING 6:00pm to 8:00pm | Livestream Meeting See ci.boerne.tx us for link to meeting.

GBCC RIBBON CUTTING FOR PEDIATRICS OF BOERNE 11:30am to 12:00pm 138 Old San Antonio Road Ste. 101 – Boerne GBCC RIBBON CUTTING FOR THE LOFT BY BH ORIGINALS 1:30pm to 2:00pm 470 S. Main St., Ste. 4 – Boerne NOVEMBER 11 VETERANS DAY VETERANS DAY CEREMONY Formal ceremony begins promptly at 11:11am 17 Old San Antonio Rd. – Boerne continued on page 23

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B oerne B usiness M onthly | November 2020

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FOR SALE:

25 SHOOTING CLUB DRIVE

Beautiful property in great location! Minutes to IH-10 and walking distance to Main Street Boerne! 2 houses! 3.577 acres! Barn/workshop. Room to expand and add house, pool, garages, etc. Must allow 24 hours notice for appointment to see this unique property! $1,600,000

Bluebonnet Realty Since 1989

JUDY FILINGERI ANGELA TURNER CAREY STEWART SUZANNE MCGINNIS BRETTE NICKELSON OWNER

(830) 816-2288

BROKER

(210) 912-8221

ASSOCIATE

(210) 551-2883

ASSOCIATE

(830) 377-5227

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(210) 213-8222

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FOR SALE: PRICE REDUCED!

NEW LISTING!

115 Cibolo Bridge Drive

3 bed, 2.5 baths, approx. 2050 s.f. near schools.

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ribbon cuttings

Greater Boerne Chamber of Commerce October 2020 Ribbon Cuttings

VANDYK MORTGAGE CORP HILL COUNTRY

We are excited to have a ribbon cutting ceremony for Lisa Blake and VanDyk Mortgage Corporation - Hill Country! Lisa’s commitment to finding the right home loan for her customers is second to none. They have access to a full range of mortgage products enabling them to get the right loan with a great rate for you. Lisa is currently helping teachers, school personnel and first responders by paying for the cost of the appraisal for their loan. VanDyk Mortgage Corp - Hill Country is located at 138 Old San Antonio Road, Suite 204 in Boerne Texas. You can contact Lisa at (830) 446-3292 and visit her website LisaBlakeLoans.com for more information.

CIBOLO NATURE CENTER & FARM’S WILL SMITH AMPHITHEATER AT HERFF FARM

The press and public attended the ribbon cutting ceremony to mark the opening of a new outdoor amphitheater at the Herff Farm named by philanthropist Susan Naylor and the Will Smith Foundation. The new Amphitheater is located at the Herff Farm (33 Herff Rd., Boerne) and is named The Will Smith Amphitheater in memory of Naylor’s late son, Will, who died in a tragic car accident at the age of eight in 2007.The Will Smith Amphitheater is a part of the new expansions at the Herff Farm that include: 1) The Nest Nature School, 2) Welcome Center with offices and teacher enrichment space, 3) Community Auditorium, 4) Restored Historic Barn and 5) H-E-B Learning Lawn.

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TRANSFORMATION HOUSE

Join us as we celebrate Transformation House with a ribbon cutting ceremony! Transformation House is a nonprofit providing transitional housing to women and children. Their main focus is to help children, families and communities break the cycle of abuse by providing wrap-around dual generation services! Programs offered involve childcare, housing, case management, social enterprise, counseling and enrichment classes. Learn more about Transformation House on their website transformation-house.org or give them a call at (830) 542-9166. You can also find them at 410 N. Main Street in Boerne.

CHALLENGE ISLAND

We’re excited to welcome Challenge Island to the Chamber with a ribbon cutting celebration! Now, kids can experience the magic of Challenge Island®, the world’s #1 STEAM program, from the safety and comfort of home. Every Home Island lesson features their award-winning, groundbreaking curriculum and taught live by certified Challenge Island® teachers. Since Challenge Island® is powered exclusively by kids’ imaginations, you’ll only need a computer and a few common household items to embark on your engineering adventure. You can contact and find out more information about the Boerne Area Challenge Island by calling (830) 423-3010 and visiting their website challenge-island. com/boerne.

B oerne B usiness M onthly | November 2020

JOLI BOUTIQUE’S 10 YEAR ANNIVERSARY

We had a blast getting to celebrate Joli Boutique’s 10th anniversary with a ribbon cutting! Joli Boutique is celebrating today until 2 pm with a special in-store brunch, including sips, snacks, and shopping galore, as well as a pop up and trunk show with LOU and European Body Contouring. Be sure to stop by and shop all of Joli’s beautiful and unique clothing, accessories and decorations! Joli Boutique is located at 189 S. Main St. in Boerne, Texas! You can find more on their website joliboutique.org. Congrats Joli on 10 fabulous year!

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TOYOTA OF BOERNE DONATION TO BOERNE ISD

Today we celebrated both Toyota of Boerne and Boerne ISD with a ribbon cutting for a great cause! Toyota of Boerne is a great supporter of our community and our awesome school district. Toyota donated some of their hi-tech equipment to the BISD Automotive Department to continue to educate the kids on the newest technology in the industry. Toyota of Boerne is located at 31205 IH 10 W., Boerne. You can contact them at (830) 755-8100 and visit their website ToyotaofBoerne.com.

GRIT CO.

Join us as we celebrate Grit Co. with a ribbon cutting to celebrate the release of their new Commercial Branding & Design department! GRIT Co. is an integrative design and construction company which has 4 divisions to their business; Builders, Homesteads, Holzwerk, and Branding!

Weather you need construction design plans made or branding for your business, GRIT Co. does it all! Check out their website to learn more on their website gritbuilt. com.. You can also visit their office at 518 N. Main Street in Boerne.

Brad McFarland | (830) 767-0005

AWARD WINNERS!

Renee Campbell Tiffany Joslin (210) 394-4399 (210) 542-0148

LOVORN & OGLE’S 5 YEAR ANNIVERSARY

We are so excited to celebrate Lovorn & Ogle today with a ribbon cutting to celebrate their 5 Year Anniversary!!! Lovorn & Ogle has served Boerne, San Antonio and our Texas Hill Country since 2015. Their law firm has been helping clients with a full array of legal services ranging from litigation & mediation to estate planning & immigration. Interested in learning more about Lovorn & Ogle’s services? Please call (830) 331-2772 or find their website lovornogle. com. Their office is located at 507 E. Blanco Road in Boerne and they will be happy to meet with you outside.

HILL COUNTRY DAILY BREAD MINISTRIES’ 20 YEAR ANNIVERSARY

What a fun afternoon it was celebrating Hill Country Daily Bread Ministries’ 20th Anniversary today! Hill Country Daily Bread Ministries’ mission is to help unite and equip the body of Christ with the food, resources, and training necessary to transform our communities and the lives of those in poverty through the love and saving grace of Jesus Christ. Learn more about Hill Country Daily Bread Ministries, the amazing work they do and how you can volunteer or help by going to hillcountrydailybread.com or visit their facility at 38 Cascade Caverns Road in Boerne. You can also call them at (830) 755-5200. Happy Anniversary HCDBM, here’s to 20 amazing years of service!

Signs by Card My Yard Boerne!

Jim Campbell (210) 838-1896

Steven Karam (210) 414-0105

Wiley & Kathy Cloud, Brokers (210) 710-6601 | (325) 347-7693

Real Estate Office:

(830) 755-8693 boernebusinessmonthly.com

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photo by Ron Pritchett

cover feature

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AUTHENTIC SPANISH CUISINE IN THE HEART OF BOERNE

by Lauren Stumberg

For Luis and Gaby Mongiello, owners of Botero Tapas + Wine Bar, the new local restaurant has been a lifetime in the making. “Both of us grew up with food being an integral part of our families and our culture,” said Luis. “Gaby’s family was very successful with many street restaurants throughout Mexico and I was raised where diverse food was a part of everyday life.”

Luis is the chef and creator behind the authentic recipes served up at Botero and credits his upbringing as the inspiration behind Botero’s fantastic dishes. “My mother is Italian and her parents immigrated to the United States from Naples, Italy. My father is Spanish and was born in Casablanca, Morocco. My greatgrandfather was actually the Head of Communications for the King of Spain and we even have a letter addressed to him from the King,” said Luis. “My paternal grandfather was a painter and a mathematician, my mother graduated from New York University and is also a painter; there is lots of creativity in my blood. My mother’s side of the family had several Italian restaurants in New York City as well. Growing up there was always this friendly competition it seemed of Spanish

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photo by S.A.Foodie @SanAntonioFood

B oerne B usiness M onthly | November 2020

photo by S.A.Foodie @SanAntonioFood

and Italian cuisine, but always in an environment rich with family and of course lots of wine.”

Luis’ parents moved to Mexico City where he attended an American school. “As a child, I would spend my summers in New York and Spain. Travel has always been a way of life for me. Gaby and I have continued that as we have built our own family and have taken our children to many places around the world.

When we travel, we go for extended periods of time so we can really be immersed in the culture.”

As self-described “food fanatics” Luis and Gaby love to experience the cuisine and the ambiance of other countries during their travels. According to Gaby, “We have traveled to many places around the world and take it all in. We have been able to bring back our experiences and incorporate them into what we have created with Botero.”

Prior to opening Botero, the Mongiellos have built several construction and renovation companies in the hospitality industry around the San Antonio and Austin areas that they still operate. They moved to the Boerne area seven years ago and as they began to explore the area and all it has to offer they fell more and more in love with Boerne. “We have traveled to many places, but there is just something really special about this town,” said Luis.

“The idea for bringing a restaurant

Luis and Gaby Mongiello

photo by Ron Pritchett

to the Boerne area began to come about. We had originally thought it would be something very small that was open just a couple of days a week, but we really didn’t have a plan. Then all of the sudden we saw that this location was available and everything came together. Once we found the perfect spot, our vision for Botero became clear. It came together almost like a dream,” said Gaby.

continued on page 18

pictured above: Luis’ great grandfather who was the Head of Communications for the King of Spain (the tall man towards the front of the photo) and the letter he received from the King of Spain.

pictured: Luis’ father bullfighting in Mexico City–– boernebusinessmonthly.com

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photo by S.A. Foodie, @SanAntonioFood

makes for a great environment for our guests.”

According to the Mongiellos, “Botero is really an extension of our home. We have been cooking and entertaining for our family and friends for years. Now what we have created with Botero is an essence of who we are. Everything from the food to the environment, the music and even the small details like the decorations and the light fixtures are a reflection of us. We hope for it to be a warm and welcoming place that people can come, relax and experience the best of authentic Spanish cuisine.”BBM

BOTERO161.COM

Be sure to follow Botero on Facebook & Instagram for announcements about special events!

continued from page 17

According to Luis, “Gaby has always had an exceptional eye for design and her experiences in our construction and renovation businesses helped her to be able to create the perfect atmosphere for the new restaurant.”

When it came time to decide what to put on the menus, the Mongiellos wanted to bring a new experience to Boerne. They decided on authentic Spanish cuisine made from only the finest ingredients that come straight from Spain. “We use special Spanish garlic, bell peppers, saffron and bomba rice in our signature paellas. Special langoustine prawns are used to add special flavor and each paella has a special broth that is made for eight hours with rich flavors of blue crabs and Spanish mackerel. We really go above and beyond to infuse the flavors of Spain into each dish,” said Luis. “I taste each and every paella I make to ensure it is prepared exactly the way it should be.”

Other menu items include a selection of light and delicious tapas, which are small plates that allow diners to experience a variety of dishes. Botero also offers a carefully crafted selection of Spanish wines, beer and of course their signature sangrias! “Gaby has really gone above and beyond on the sangrias that we offer. She infuses them with fruit and all natural ingredients and changes up the offerings seasonally. One of our most popular is the Lavender Sangria!”

Botero opened their doors last May right when everything was being shut down due to the coronavirus. Despite not being able to physically open, the local Boerne community welcomed them with open arms! “Paella is actually a great meal to take to-go and serve at home for a large family meal. Gaby also came up with these really creative pouches so customers could take our sangria to-go also. They are like grown-up Capri Suns and were instantly very popular,” said Luis.

The Mongiellos credit much of the success of Botero to the local community. Luis added, “Botero has been very successful because of where it is. It is the people and the atmosphere of Boerne that have caused this restaurant to thrive. They are very open and accepting and very excited to try and experience new food and wine. We want to bring the best of Spanish culture to Boerne through both food and entertainment. We have even begun to have performances every week by Spanish musicians and flamenco dancers.”

Gaby and Luis also praise their incredible staff for helping to make Botero the special place that it is. “We really have become like a family. Even on their days off we will find them coming in and doing little things. They want to be here and that really

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B oerne B usiness M onthly | November 2020

photo by Stonecrop Media

photo by Stonecrop Media

photo by Stonecrop Media

RESIDENTIAL | LOTS AND LAND | FARM AND RANCH | COMMERCIAL

Your Trusted Source for Real Estate in the Texas Hill Country!

James Campbell REALTOR®

www.texashillcountryrealtyco.com www.newhomesinhillcountry.com

jim@texashillcountryrealtyco.com

210.838.1896

Performance is Our Priority ~ Locally Owned ~ Nationally Recognized Stephen V. Vallone CEO, Escrow Officer steve@texasinvestorstitle.com Becky Edmiston, CESP President, Escrow Officer becky@texasinvestorstitle.com Office: (830) 816-5888 www.TexasInvestorsTitle.com Boerne Office: 116 W. Blanco Rd., Suite 101, Boerne, Texas 78006 Houston Branch: 10000 Memorial Dr. Suite 100-N Houston, Texas 77024 Representing Stewart Title Guaranty, First American Title Insurance and Chicago Title Insurance

COMMERCIAL ~ RANCHES ~ RESIDENTIAL PROPERTIES boernebusinessmonthly.com

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real estate

Texas housing market strong in 4Q2020

T

The Texas housing market has been unexpectedly robust in 2020, Real Estate Center data shows.

"Perhaps because of t​he strong association with the last major recession, ignited by the mortgage market collapse, many expected residential real estate to fall flat on its face," said Center Senior Data Analyst Joshua Roberson. "​But so far, that hasn’t happened."

Third quarter data are showing skyrocketing home prices. Some markets, such as Austin, were already on the upward trajectory before the pandemic, while others turned upward afterward.

Regardless of area, Roberson said the common denominator is that home prices are growing exponentially.

If the previous concern was market fallout, the new concern is what the new equilibrium point will look like.

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B oerne B usiness M onthly | November 2020

"Even with favorable mortgage rates, the market will be able to absorb only so much price growth," Roberson said.

The housing market is still recovering from the imbalances brought on by COVID-19, particularly on the supply side of the equation.

For the time being, fourth quarter home sales look like a potential record buster. Typically, activity tends to slow down as the holidays come around, but this trend is not seen this year. Pending listings are uncharacteristically high.

"If these sales follow through, real estate professionals throughout the state are likely to have a merrier holiday season than they thought possible just a few months ago," Roberson said. BBM ​ Information courtesy of Real Estate Center Online News

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announcement

fill this pivotal role at Sonora Bank.”

Cox brings more than 30 years of banking and financial services experience—including extensive knowledge of commercial and agricultural lending—to his new role on the executive team. Prior to joining Sonora Bank, he held leadership roles with Texas Champion Bank, US Bank and Security National Bank. He is a graduate of the Southwestern Graduate School of Banking at Southern Methodist University and obtained his Bachelor of Science in Finance and Economics from Trinity University.

“Sonora Bank has a strong history of community banking in the Hill Country and West Texas,” said Cox. “I’m thrilled to be joining the Sonora Bank team and look forward to adding to their reputation of excellence.”

ABOUT SONORA BANK The First National Bank of Sonora opened in 1900, only 10 years after Sonora, Texas became a town. By 1995, Sonora Bank expanded to San Angelo as a $50 million bank. Today, the Bank has more than $450 million in assets and seven locations throughout West Texas and the Hill Country, including Sonora, San Angelo, Boerne, Bulverde and Wimberley. Sonora Bank is a Texas tradition, helping generations of Texas families with their banking needs. The Sonora Bank team provides sound financial services in a hometown atmosphere. BBM

SONORA BANK APPOINTS JAMES COX AS EXECUTIVE VICE PRESIDENT AND CHIEF CREDIT OFFICER

S

Cox Joins Sonora Bank with More than 30 Years of Banking and Financial Services Experience

Sonora Bank announced that James Cox has been named Executive Vice President and Chief Credit Officer. In this role, Cox will be responsible for driving the Bank’s credit culture and overseeing its lending portfolio while guiding risk-appropriate growth.

“We are pleased to welcome Jim to the Sonora Bank team,” said Bob Malone, Chairman, President and Chief Executive Officer of Sonora Bank. “His leadership qualities, strong credit knowledge and proven history of risk management and policy development make him the ideal person to

To learn more about the Sonora Bank difference, please visit www.sonorabank.com.

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B oerne B usiness M onthly | November 2020

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CALENDAR OF EVENTS | continued from page 10 NOVEMBER 11 FLAG RETIREMENT CEREMONY 11:30am to 12:00pm 17 Old San Antonio Rd – Boerne Boerne American Legion Post 313 - Capt Mark "Tyler" Voss will perform a flag retirement ceremony at Kronkosky Place in conjunction with the Veterans Day Ceremony.

Please bring any American and/or Texas flags that may be worn, damaged, torn or tattered beyond repair before the ceremony. A dignified ceremony will be performed to retire the flags in a manner prescribed by the United States Flag Code and the Texas Government State Flag Code.

NOVEMBER 12 GBCC RIBBON CUTTING FOR FAITH & FUNKY JUNK 11:30am to 12:00pm 39320 IH-10 West – Boerne FALL DIVA NIGHT 5:00pm to 9:00pm | The Hill Country Mile The best girls night out on the Mile is back!

Fall Diva Night will be bursting with everything you love from your favorite shops: later shopping hours, cocktails, fun bites, music and more. It's the perfect night out with friends

and is great for some mother/daughter q-time too. Come out and support local Boerne businesses with a night of fun shopping.

CHECK IN LOCATIONS:Texas Treasures Fine Art Gallery & Frame Shop (NEW Man Cave location) - 605 S. Main Street. Mommy 2B 210 E. Blanco Road. Greater Boerne Chamber of Commerce - 121 S. Main Street NOVEMBER 13 NIGHT HIKE: ANIMAL TRACKING 7:00pm to 7:30pm Cibolo Nature Center & Farm 140 City Park Rd – Boerne Join expert herpetology naturalist, Jasmine Torrez, and explore the Cibolo Nature Center to examine the tracks and signs of the native animals of the Cibolo. Enjoy the cooler night weather while hiking through the riparian forest and live oak, marsh, and savannah. Get a chance to see native wildlife up close.

Learn how to preserve tracks to take with you for study all while learning about the animal's habitats, natural history, and species identification. WHAT YOU WILL NEED TO BRING: Closed toed shoes, flashlight, and work gloves. Members: $15 Adults: $20 Maximum participants: 15 (adults only).

NOVEMBER 14 FALL PARADE OF ARTISTS 10:00am to 5:00pm | Hill Country Mile The Fall Parade of Artists' event is not to be missed this year! Included are a multitude of talented artists offering a variety of media such as sculpture, photography, oils, watercolors, pottery, and more.These works will be found in galleries, studios, outdoor tents, and retailers along the Hill Country Mile and south of the Cibolo Creek bridge.

BLUEGRASS JAM AT THE AGRICULTURAL 11:00am to 1:00pm | The AgriCultural Museum 102 City Park Road – Boerne Every second and fourth Saturdays of the month, bring your instrument and play along, or just come to listen to the Bluegrass Jam at The AgriCultural! This event is free and open to the public.

KUHLMANN-KING MUSEUM TOUR & GHOST STORIES 12:00pm to 3:00pm | Kuhlmann-King Museum 402 E. Blanco Road – Boerne The Kuhlmann-King house gives the public the

continued on page 26

boernebusinessmonthly.com

23

shop local

SHOPPING SMALL MAKES A BIG IMPACT FOR THE COMMUNITY

NEW “BOERNE STRONG” Campaign Touts Benefits of Buying Locally!

A

According to a survey conducted by Local First, nearly 70 cents of every dollar spent at a small business stays in the community. And while the majority goes to hard working business owners and their employees, those businesses then reinvest roughly 23 cents of that into other local ventures. The bottom line: supporting small business makes a huge impact and the benefits for Boerne are big.

With this in mind, the City of Boerne, the Greater Boerne Chamber of Commerce, Boerne’s Retail & Restaurant Owners Association (R&ROA) and Boerne Kendall County Economic Development Corporation are working together to attract visitors and encourage residents to shop local through its new “Boerne Strong” campaign.

The new initiative aims to highlight and draw locals to Boerne’s independent businesses throughout the city, including the Hill Country Mile, Boerne’s historic and thriving downtown area that features a walkable strip of independently owned boutiques, restaurants, galleries, hotels, and breweries.

“Everyone hears ‘buy local’ often, especially during the pandemic, and we want people to know it’s more than just a catch phrase. The economic impact that’s made by simply choosing to support small, independent businesses like ours is tremendous,” said Reagan Harris, who chairs the R&ROA and owns a local boutique.

And Boerne offers local residents much more than just shopping and dining. Just off the Hill Country Mile are beautiful, paved trails, fishing along Cibolo Creek and public art displays throughout the area.

As the holidays approach, the Hill Country Mile will be beautifully decorated and covered in festive lights for the Christmas season, making the perfect small-town picturesque venue to shop, dine and spend time with family.

“Boerne is a great place for an afternoon or a whole weekend of exploring,” Harris said. “We have so many new and unique, boutiques and dining options that range

Shopping and dining businesses will be following current capacity rules to allow for social distancing. Face coverings and social distancing required throughout downtown Boerne.

24

B oerne B usiness M onthly | November 2020

from fine to casual, and the service and hospitality we provide is unmatched. If you haven’t ventured downtown in a while, now is the perfect time to rediscover Boerne.”

To learn more about everything happening in downtown

Boerne and beyond visit, hillcountrymile.com and visitboerne.org, and follow along on Facebook and Instagram. BBM

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B oerne B usiness M onthly | November 2020

CALENDAR OF EVENTS | cont’d opportunity to step back in time. Call to register for the Ghost Stories- Limited Seating!

Please email to schedule a personalized tour.

NOVEMBER 14-15 BOERNE MARKET DAYS Saturday 10:00am to 5:00pm; Sunday 10:00am to 4:00pm | Main Plaza 100 N. Main Street – Boerne Since 1850, Main Plaza has been a center point of trade for the people of Boerne. In the present day, on the second weekend of every month, Main Plaza is home to a magical outdoor market that blends the traditions of the Texas Hill Country with the creations of today’s culture.

NOVEMBER 17 GBCC RIBBON CUTTING FOR JDB PUBLIC RELATIONS 1:30pm to 2:00pm Boerne Chamber of Commerce Boardroom 121 S. Main – Boerne NOVEMBER 19 GBCC RIBBON CUTTING FOR PARKER & SONS PLUMBING LLC 1:30pm to 2:00pm 26254 IH-10 W Ste. 114 – Boerne NOVEMBER 21 HAND CRAFTED MARKET 10:00am to 4:00pm The AgriCultural Museum and Arts Center 102 City Park Rd. – Boerne Shop for unique one-of-a-kind items from local artisans selling items such as artwork, woodwork, ceramics, hand-blown glass, carvings, knitted yarn items, sewn items, quilts, hand-made clothing, hand-made dolls, hand-made leather items, hand-made soaps or lotions.

NOVEMBER 21-22 BOERNE FALL ANTIQUES SHOW 10:00am to 4:00pm Saturday: 10:00am to 5:00pm, Sunday: 10:00am to 4:00pm Kendall County Fairgrounds 1307 River Road – Boerne This show features exhibitor booths overflowing with the finest American antiques found in the market today. Exhibitors gather their treasures from the estates of this great country and save their best for this nationally acclaimed antiques show. $5.00 (for both days). continued on page 29

I

“Is walking good exercise?” We get that question a lot here at PVA. In order to answer that question, we’d like to share the following information about blood circulation. Your body has six quarts of blood that circulates through your body three times every minute. That works out to about 500 miles an hour. In one day, your blood travels a total of 12,000 miles. Amazingly, that’s four times the distance across the US from coast to coast. So the answer to “Is walking good exercise,” is yes! Walking is easy, free and the benefits for good health are many. Walking also helps your blood make its long daily journey through your body.

Of course, you don’t have to walk anywhere close to 12,000 miles! To help your circulation, physicians recommend walking 30 minutes or two miles a day. That is something that almost everyone can do, or that they can build up to.

Walking is one of the easiest forms of exercise and the health benefits can be life-changing. All you need is a good pair of shoes, comfortable clothing and the desire to get your heart rate going.

Here are a few tips to guide your activity: • Start off with slow, short sessions and build gradually. Use a tracking device to know how far you traveled.

• Watch your posture and walk tall. Good posture allows you to take full breaths and engage your core, buttock and leg muscles for a natural walking stride.

• Drink plenty of water before, during and after walking. Water helps you regulate your body temperature and lubricates your joints.

• Incorporate a warm up, cool down and stretches into your routine. This helps reduce sore muscles and lessens your risk of injury.

• Develop a habit by walking at least 5 days a week. Cardiovascular exercise like walking burns calories, can boost your mood and decrease stress.

When you find yourself asking yourself, “Is walking good exercise?” Remember: your body works hard for the blood to carry oxygen and other important nutrients, proteins and chemicals to different places in your body, so give it a little help with a new walking routine.

Just take it one step at a time. Any exercise that gets your heart rate up will give your more energy, help improve your circulation, reduce your risk of illness and disease and help you look and feel good. BBM

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CALENDAR OF EVENTS | cont’d NOVEMBER 24 CITY COUNCIL MEETING 6:00pm to 8:00pm | Livestream Meeting See ci.boerne.tx us for link to meeting.

NOVEMBER 26 HAPPY THANKSGIVING! OLD WEST CHRISTMAS LIGHT FEST 6:00pm to 10:00pm Opening November 26!

Thursday - Saturday 6:00pm to 10:00pm; Sunday 6:00pm to 9:00pm Enchanted Springs Ranch 242 State Hwy 46 W. – Boerne Old West Christmas Light Fest dazzles and delights with holiday flavors, favorites, and fun at Enchanted Springs Ranch for another year of Christmas magic in Boerne! $10-$60, See website for event dates & tickets. ChristmasLightFest.com NOVEMBER 27 Z'S ARTISANS MARKET 6:00pm to 10:00pm Z's Wood Fired Pizza 118 Old San Antonio Rd. – Boerne There will be live music, local vendors who handcraft their products!

NOVEMBER 28 BLUEGRASS JAM AT THE AGRICULTURAL 11:00am to 1:00pm | The AgriCultural Museum 102 City Park Road – Boerne CHRISTMAS AT THE KUHLMANNKING MUSEUM 12:00pm to 3:00pm 402 E. Blanco Road – Boerne Free Admission, Donations Welcome!

Join the volunteers at the Kuhlmann-King Museum for an afternoon of celebrating the season. Along with their regular tours, visitors can make an ornament, listen to carolers, and learn more about Christmas traditions in 1885 Boerne. Please email to schedule a personalized tour.

CHRISTMAS CAR SHOW 1:00pm to 6:00pm | Dog and Pony Grill 1481 S. Main St. – Boerne Celebrate Small Business Saturday by supporting small businesses! Join Dog and Pony Grill for a Christmas themed Car Show with plenty of unique cars for you and your family to enjoy, plus live music and delicious food! BBM

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finances

The COVID Career Two Step

S

by John D. Eadie

CPA, CFA, CFP®, PFS, CLU®, CIMA, CKA® Founder and Managing Director – Covenant, a Registered Investment Advisor

Should I change careers during a pandemic and a very unsettled economic period?

You must be crazy! That would be the most expected response you would hear.

However, a change might just be what is needed to impact and accelerate your personal and financial life. Doing so, though, should be done with great thought and planning.

First of all, you should be running to something, not away from something.

Take some time for self-reflection to really understand your skills, your passions, and the needs in the marketplace. The intersection of those three things is where you want to step into your next career. That intersection may be harder to find than you initially think, so be willing to do your homework before making the change.

Whether the current environment is requiring you to make a change, or you are simply using the uncertainty to explore new opportunities; there are several financial matters you must consider as you embark upon this journey.

Before you decide to leave your current employment, you must deeply understand what you are giving up across all your compensation and benefit plans. It’s easy to understand how much salary you are leaving behind, but fully grasping the value of health plans, retirement plan matches, and other company perquisites will likely take a little more work. The fact that your current employer pays 100% of your health care benefits, and a potential new employer pays only 50%, but they cover your entire family plan could impact your monthly cash flow dramatically either positively or negatively.

Start with the basics. If you change employment, will your new cash compensation allow you to continue meeting all your monthly cash flow needs? If not, what are you going to do differently to

30

meet those needs and adding credit card debt is not a viable choice? Also, be sure you consider all new compensation as that may include salary, bonus payments and potentially equity compensation that can be converted to cash over time.

You also want to be sure you can continue saving for retirement and other larger goals through your new employer’s plans. If your new employer does not have a 401(K) plan, for instance, you will need to devise a strategy for continuing to save. Even if they do have a plan, do they provide a match to your contributions to the plan? If your prior employer had a nice match and the new plan does not, you would need to reassess your ability to retire on your original timeline.

Health Savings Accounts (HSA) provide many employees a great way to save for postretirement health care needs. HSAs allow you to annually contribute to a savings account on a pre-tax basis which can grow tax free if you ultimately use the account to pay for healthcare costs. The tax-free contributions and growth allow these accounts to become valuable benefits for many employees.

Most likely one of the more difficult changes to assess are the non-cash perquisites you may give up or gain by changing careers or jobs. Personal time off like vacations, sick leave, bereavement, or jury duty time away all come into play when making a decision to change. These benefits do not have hard

dollar cash amounts associated with them, but they do impact the lifestyle you may have after a change.

Once you really have a solid understanding of what you are leaving, now you are ready to negotiate with your new employer. This is especially key if they are pursuing you, and you have the leverage. Be ready to ask for compensation adjustments or bonus compensation if you are having to leave value on the table at your old firm. Deferred compensation or unvested equity compensation are prime examples of things that are often left behind at your old employer.

While it is harder to negotiate the benefits side of your new, total package, you do need to make sure your financial position does not deteriorate with the change. For example, your old employer may provide life insurance at no cost or very competitive rates. This may not be true at your new employer, or at a minimum, you may need to qualify for the new coverage.

That can be a real negative if your health situation has changed in the last few years.

The list can go on and on, so take the time to really do your due diligence as you contemplate a change. It is clearly more than a simple two step. If you are unsure about how to go about addressing all the possibilities, reach out to a qualified financial advisor with experience in working with employees in transition. The dollars they could save you will likely more than compensate for the fees they may charge. BBM

John is the founder and a managing director of Covenant. In his several leadership roles with Covenant, John serves as the firm’s CEO, chief wealth advisor, and leads all client service efforts. John has lengthy experience assisting families with their investment, income tax, wealth transfer planning, family governance and philanthropic strategies. Throughout his career, John worked with Fortune 500 executives to assess and implement complex compensation strategies—including deferred compensation, restricted stock, stock option, and other employee benefit planning.

John was named a Barron’s 2012 and 2013 Top 100 Independent Financial Advisor. He has also been recognized since 2012 as a Five Star Wealth Manager. Earlier in his career, John was named by Worth magazine as one of the Top 100 Wealth Advisors in the country.

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The contents of this article are provided for informational purposes only. It is not an exhaustive list and is not intended to provide any legal or tax advice.

Please consult your respective legal, tax and financial advisor before taking any action.

B oerne B usiness M onthly | November 2020

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