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July 2010

Featured Property

THE PHIL TIBI GROUP My goal is to inform you and to be of service should you have any questions about our neighborhood real estate.

Life in The Valley really doesn’t get any better than this. As a long-time resident, I fell in love with the Biltmore area upon arriving to Phoenix in the late 80’s. My full-time passion developed into helping people buy and sell real estate within the various Biltmore communities.

POOLSIDE PAMPERING

As a Biltmore resident myself, I have an acute appreciation of this desirable enclave of Phoenix. As a dedicated real estate agent, my knowledge and expertise of each community within the Biltmore aids my clients in both buying or selling. I’m pleased to present you with this Biltmore Estates Lifestyle publication. In each issue you’ll find articles of interest about living in the Valley, as well as a comprehensive real estate report. I believe in empowering my clients with information. Most property owners like to keep abreast of the latest real estate statistics. My goal is to inform you and to be of service should you have any questions about area real estate. Considering selling? Moving up? Sizing down? Purchasing investment property in our neighborhood? Contact the Phil Tibi Group today for a private and discrete consultation.

Luxe Resort-Style Touches

Biltmore East 2971 Sq. Ft. | 4 Bed | 2.5 Bath • $639,000 Custom home by Classic Stellar! A great family home in a quiet the downstairs level. Newly painted throughout. Grassy backyard, covered patio and a sparkling pool round out your outdoor living. Interiors include wall niches, formal dining room, fantastic floor plan. Newer build for the neighborhood and Home Warranty included. YEAR-TO-DATE SALES IN THE BILTMORE Total Average Sold List Price

Days On Total Sold Market Volume

Average Sold Price

Sales/ List

Alta Vista Park

2

$1,685,000

398

$2,830,000

$1,415,000

84%

Biltmore Estates

1

$2,485,000

399

$2,170,000

$2,170,000

87%

PHIL TIBI

Biltmore Greens

4

$772,250

123

$2,890,000

$722,500

94%

Biltmore Square

1

$599,000

163

$560,000

$560,000

93%

CAMBRIDGE PROPERTIES

Colony Biltmore

4

$424,750

129

$1,558,900

$389,725

92%

Taliverde

2

$533,500

76

$1,026,000

$513,000

96%

Village on the Lakes

3

$586,633

280

$1,628,000

$542,666

93%

Associate Broker / Director of Resale

602.692.0780 Phil@CambridgeProperties.com

www.CambridgeProperties.com If your home is currently listed, this is not a solicitation for that listing.

All information is deemed reliable but not guaranteed. Statistics represent single-family and patio homes. Information gathered from ARMLS.

Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

in a Negative Real Estate Market

Pool Party Refreshment

Marcella’s Strawberry Balsamic Martini

neighborhood. Situated on a larger lot with Master Bedroom on

Subdivision

Staying Positive

The Biltmore Area’s

Real Estate Report


Have a swimming pool? Then you know your backyard can be a haven during the long hot summer months. Why not kick up the cool-pool factor this season by taking a few pampering cues from your favorite resorts? Treat yourself and your friends and family to the luxe life this summer—perhaps you’ll never feel the need to leave home again.

Featuring Marcella’s Italian Kitchen 7014 E. Camelback Rd. • Scottsdale 480.947.2105 or marcellasitaliankitchen.com

STRAWBERRY BALSAMIC MARTINI INGREDIENTS: Chopin Vodka – 1 ½ oz. Freshly Squeezed Lime Juice – ¼ oz. Fresh Strawberry Puree – 2 oz. Golden Balsamic Vinegar – 1 tsp. Lemon Grass Foam – as needed for garnish (see recipe below) Strawberry Slices – as needed for garnish

• Stay cool … spa-style. Pamper yourself and your

• Luxurious lounging. You can’t truly relax at the pool

guests with cool washcloths ready to soothe hot

until you’re as comfortable and pampered as can

foreheads. Store several dampened rolled-up towels

be. Add plush lounge-chair covers with your personal

in the freezer and then bring them to the pool in a

monogram on it just like they have at your favorite

cooler or icebox. Every time you feel overheated

posh hotel. Matching plush towels and spa slippers

or overwrought, pass out a few cool towels to your

complete your experience.

friends. Want to take it to the next level? Position a

• Create a cabana. Make your pool more inviting for

few misting fans poolside to keep loungers cool and

1. Fill martini shaker 2/3 full with ice and add in all ingredients except garnishes. 2. Shake vigorously for one minute; long enough to break up the ice into the cocktail and mix the ingredients well. 3. Using a bar strainer, strain cocktail into a chilled martini glass. 4. Top cocktail with Lemon Grass Foam and strawberry slices as desired.

refreshed. Your guests will thank you!

Serves: one

the entire day by creating private spaces for you and your friends to gather. Give yourself some privacy and

• Serve your guests frozen delicacies. Think frozen

a break from the sun with an open Moroccan-style

melon balls or berries, served resort-style. Just freeze

cabana tent for your pool deck or patio. Add a

fruit on a baking tray in the freezer so they won’t

mini-fridge, books and magazines, and perhaps a

stick together. Honeydew and cantaloupe make for

fan to cool you between dips in the water.

an attractive display. Add some frozen grapes for

• Hire some spa help. Want to treat a few friends to

LEMON GRASS FOAM Makes 4 Cups Lemon Grass, Chopped Fine – 4 oz. Water – 2 cups Granulated Sugar – 2 cups Unflavored Granulated Gelatin – 2 Tbs. (softened in 1/2 cup cold water) Freshly Squeezed Lemon Juice – 1 ½ cups

color. Be sure to serve them in a bowl on ice so they

1. Mix together in a saucepan the lemongrass, water and sugar and place over medium heat, allowing mixture to come to a boil. Once a boil is reached, lower heat to a simmer and leave on the heat for about 15 minutes. 2. Strain mixture, removing all chopped lemon grass. Once all lemon grass is removed, place liquid back into a clean saucepan and bring it back to a simmer. Add the gelatin/water mixture. Remove saucepan from heat and add lemon juice. 3. Pour mixture into a storage container and allow foam to cool completely. After 12-24 hours it will resemble a jello consistency. At that time it is ready for use as a foam. 4. Spoon jellied mixture into whipped cream canister and follow instructions on the packaging for the particular brand of canister you are using. To get foam to proper consistency it may take more than one CO2 cartridge charging the canister.

kiwi or pineapple frozen into ice cubes will add to the

a fun-in-the-sun soiree? Hire service providers to give

stay cool longer.

manicures and pedicures poolside. Or, if you have a

• Don’t forget the frozen drinks. Purchase

favorite masseuse, ask if she or he will make a house

double-paned plastic tumblers for safety poolside.

call and give massages by the pool for a few friends.

Be sure to scatter pitchers of water, lemonade, or iced

Indulge and enjoy!

green tea for guests to enjoy. Slices of lemon, lime,

• Just add music. Ready for the final touch? Pipe in

experience. Or, add frozen cucumber slices for an

soothing, spa-like music to your outdoor speakers and relax like never before. Your guests may never want to

authentic spa-like treat. If the occasion calls for it, whip up some margaritas or daiquiris. However, take

leave!

JULY 2010 13th Annual New Works Festival Phoenix Theatre, July 9th – August 1st 602.254.2151 or phoenixtheatre.com This fun and interactive month-long festival showcases new plays in a one-of-a-kind format. Not only do the actors and writers participate in the storytelling, but the audience plays a large part as well with the story progression. Lively and unique, it’s your chance to participate in the theatre! Hot Summer Nights Concert Series City Center, July 10th, 24th 480.319.8700 or citycenterofcitynorth.com Dance under the stars at this concert series, featuring the Valley’s most talented musical acts. Not just catered towards adults, there will also be face painting, balloon animals and cotton candy. Concert goers can also enjoy exclusive discounts from participating restaurants and retail shops the evening of the event. Prowl and Play Phoenix Zoo, July 10th 602.273.1341 or phoenixzoo.org Ever wonder what goes on at the zoo at night? Take a guided night hike along the dark trails and hear stories from the Park Rangers on what takes place after the gates are closed. Cool off in the Leapin’ Lagoon or catch a ride on the Sneak-a-Peek Safari Train and find out what sort of silly antics the animals are up to when no one is around!

the extra step to add restaurant-quality umbrella garnishes and tropical straws for no-strain sipping while guests are laying poolside.

STAYING POSITIVE in a Negative Market Seems all we hear about these days are foreclosures and dropping real estate profits. It’s enough to make a homeowner weep. Whether or not you’re considering selling your home, it’s possible that your home is worth less, maybe much less, than what you paid for it. With all the doom and gloom out there, prospective homebuyers are also a bit wary to climb into the real estate market, despite the almost unheard of values that can be found. What can you do to stay in a positive frame of mind? First, realize that the media generally reports negative real estate news, rarely the positive. Why all this pessimistic hype? Of course, bad news sells. The hum-drum everyday normalcy of regular homes selling won’t make the headlines. So while our housing market is certainly suffering, the pieces of good news (and there are plenty!) generally are not reported on. Instead of getting mired down in all this dismal news, take this time to give yourself an attitude adjustment. As a homeowner, it’s important to note that whatever your home is worth at the moment will change with time. Real estate, we all know, is volatile at times but it is also predictably cyclical. In fact, historically every ten to 12 years real estate values double in most metropolitan areas. In between these

boom times are cycles of correction. The Great Correction we’re currently experiencing is setting up the market for the next doubling. What makes that likely? Population growth is expected to double in the US within just 40 short years. Thus, there will continue to be long-term demand for homes which results in driving prices higher as it has for the last 100 years. Consider yourself fortunate to own property in The Valley of the Sun. As one of the most in-demand areas in the nation, we know that people will continue to migrate to our communities. While Metro Phoenix’s population growth has slowed considerably through this recession, there is no doubt that an improving economy will bring those figures right back up to where they always have been. Winston Churchill once said, “Attitude is a little thing that makes a big difference.” Now is when a positive attitude becomes your most valuable asset as a homeowner. Stay upbeat and keep your home in tip-top shape and you will be rewarded down the line. If you’re considering selling your home, the right Realtor representation and a good attitude will be reflected when your home is shown and you will attract like-minded, positive buyers.

“Attitude is a little thing that makes a big difference.”

Another quote of Churchill’s, “A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty,” seems especially poignant for us. While your home may have lost value, the home you’d like to “move up” to has too. Therefore your WINSTON CHURCHILL net financial outcome is positive! The bottom line? Remember, tough times never last but tough people do! No matter if you are selling or not, do your best not to get anxious about the value of your home. This too shall pass…..

Organic Wine Tasting Armitage Bistro, July 21st 480.502.1641 or armitagewine.com Trying to include organic items into your diet? Why not start with your vino? The two leading organic wineries in Napa, Long Meadow Ranch and Frog’s Leap, are featured as the local sommelier presents a large variety of whites and reds. Even better, this wine tasting is free to guests who make a $10 purchase of food. Damon Wayans Tempe Improv, July 22nd – 25th 480.921.9877 or tempeimprov.com As part of a large family of talented comedians and actors, Damon Wayans has plenty of material to entertain the crowds. Wayans has been performing stand-up for 28 years now and has included many movie credits to his resume such as Last Action Hero and Bulletproof. Arizona Diamondbacks vs. San Francisco Giants Chase Field, July 24th 602.514.8400 or arizona.diamondbacks.mlb.com Three cheers for our home team as they battle it out against the Giants at Chase Field. Of course, what baseball game would be complete without peanuts and Cracker Jacks? Make sure to arrive early – the first 15,000 fans will receive infielder Mark Reynold’s replica jersey.


Have a swimming pool? Then you know your backyard can be a haven during the long hot summer months. Why not kick up the cool-pool factor this season by taking a few pampering cues from your favorite resorts? Treat yourself and your friends and family to the luxe life this summer—perhaps you’ll never feel the need to leave home again.

Featuring Marcella’s Italian Kitchen 7014 E. Camelback Rd. • Scottsdale 480.947.2105 or marcellasitaliankitchen.com

STRAWBERRY BALSAMIC MARTINI INGREDIENTS: Chopin Vodka – 1 ½ oz. Freshly Squeezed Lime Juice – ¼ oz. Fresh Strawberry Puree – 2 oz. Golden Balsamic Vinegar – 1 tsp. Lemon Grass Foam – as needed for garnish (see recipe below) Strawberry Slices – as needed for garnish

• Stay cool … spa-style. Pamper yourself and your

• Luxurious lounging. You can’t truly relax at the pool

guests with cool washcloths ready to soothe hot

until you’re as comfortable and pampered as can

foreheads. Store several dampened rolled-up towels

be. Add plush lounge-chair covers with your personal

in the freezer and then bring them to the pool in a

monogram on it just like they have at your favorite

cooler or icebox. Every time you feel overheated

posh hotel. Matching plush towels and spa slippers

or overwrought, pass out a few cool towels to your

complete your experience.

friends. Want to take it to the next level? Position a

• Create a cabana. Make your pool more inviting for

few misting fans poolside to keep loungers cool and

1. Fill martini shaker 2/3 full with ice and add in all ingredients except garnishes. 2. Shake vigorously for one minute; long enough to break up the ice into the cocktail and mix the ingredients well. 3. Using a bar strainer, strain cocktail into a chilled martini glass. 4. Top cocktail with Lemon Grass Foam and strawberry slices as desired.

refreshed. Your guests will thank you!

Serves: one

the entire day by creating private spaces for you and your friends to gather. Give yourself some privacy and

• Serve your guests frozen delicacies. Think frozen

a break from the sun with an open Moroccan-style

melon balls or berries, served resort-style. Just freeze

cabana tent for your pool deck or patio. Add a

fruit on a baking tray in the freezer so they won’t

mini-fridge, books and magazines, and perhaps a

stick together. Honeydew and cantaloupe make for

fan to cool you between dips in the water.

an attractive display. Add some frozen grapes for

• Hire some spa help. Want to treat a few friends to

LEMON GRASS FOAM Makes 4 Cups Lemon Grass, Chopped Fine – 4 oz. Water – 2 cups Granulated Sugar – 2 cups Unflavored Granulated Gelatin – 2 Tbs. (softened in 1/2 cup cold water) Freshly Squeezed Lemon Juice – 1 ½ cups

color. Be sure to serve them in a bowl on ice so they

1. Mix together in a saucepan the lemongrass, water and sugar and place over medium heat, allowing mixture to come to a boil. Once a boil is reached, lower heat to a simmer and leave on the heat for about 15 minutes. 2. Strain mixture, removing all chopped lemon grass. Once all lemon grass is removed, place liquid back into a clean saucepan and bring it back to a simmer. Add the gelatin/water mixture. Remove saucepan from heat and add lemon juice. 3. Pour mixture into a storage container and allow foam to cool completely. After 12-24 hours it will resemble a jello consistency. At that time it is ready for use as a foam. 4. Spoon jellied mixture into whipped cream canister and follow instructions on the packaging for the particular brand of canister you are using. To get foam to proper consistency it may take more than one CO2 cartridge charging the canister.

kiwi or pineapple frozen into ice cubes will add to the

a fun-in-the-sun soiree? Hire service providers to give

stay cool longer.

manicures and pedicures poolside. Or, if you have a

• Don’t forget the frozen drinks. Purchase

favorite masseuse, ask if she or he will make a house

double-paned plastic tumblers for safety poolside.

call and give massages by the pool for a few friends.

Be sure to scatter pitchers of water, lemonade, or iced

Indulge and enjoy!

green tea for guests to enjoy. Slices of lemon, lime,

• Just add music. Ready for the final touch? Pipe in

experience. Or, add frozen cucumber slices for an

soothing, spa-like music to your outdoor speakers and relax like never before. Your guests may never want to

authentic spa-like treat. If the occasion calls for it, whip up some margaritas or daiquiris. However, take

leave!

JULY 2010 13th Annual New Works Festival Phoenix Theatre, July 9th – August 1st 602.254.2151 or phoenixtheatre.com This fun and interactive month-long festival showcases new plays in a one-of-a-kind format. Not only do the actors and writers participate in the storytelling, but the audience plays a large part as well with the story progression. Lively and unique, it’s your chance to participate in the theatre! Hot Summer Nights Concert Series City Center, July 10th, 24th 480.319.8700 or citycenterofcitynorth.com Dance under the stars at this concert series, featuring the Valley’s most talented musical acts. Not just catered towards adults, there will also be face painting, balloon animals and cotton candy. Concert goers can also enjoy exclusive discounts from participating restaurants and retail shops the evening of the event. Prowl and Play Phoenix Zoo, July 10th 602.273.1341 or phoenixzoo.org Ever wonder what goes on at the zoo at night? Take a guided night hike along the dark trails and hear stories from the Park Rangers on what takes place after the gates are closed. Cool off in the Leapin’ Lagoon or catch a ride on the Sneak-a-Peek Safari Train and find out what sort of silly antics the animals are up to when no one is around!

the extra step to add restaurant-quality umbrella garnishes and tropical straws for no-strain sipping while guests are laying poolside.

STAYING POSITIVE in a Negative Market Seems all we hear about these days are foreclosures and dropping real estate profits. It’s enough to make a homeowner weep. Whether or not you’re considering selling your home, it’s possible that your home is worth less, maybe much less, than what you paid for it. With all the doom and gloom out there, prospective homebuyers are also a bit wary to climb into the real estate market, despite the almost unheard of values that can be found. What can you do to stay in a positive frame of mind? First, realize that the media generally reports negative real estate news, rarely the positive. Why all this pessimistic hype? Of course, bad news sells. The hum-drum everyday normalcy of regular homes selling won’t make the headlines. So while our housing market is certainly suffering, the pieces of good news (and there are plenty!) generally are not reported on. Instead of getting mired down in all this dismal news, take this time to give yourself an attitude adjustment. As a homeowner, it’s important to note that whatever your home is worth at the moment will change with time. Real estate, we all know, is volatile at times but it is also predictably cyclical. In fact, historically every ten to 12 years real estate values double in most metropolitan areas. In between these

boom times are cycles of correction. The Great Correction we’re currently experiencing is setting up the market for the next doubling. What makes that likely? Population growth is expected to double in the US within just 40 short years. Thus, there will continue to be long-term demand for homes which results in driving prices higher as it has for the last 100 years. Consider yourself fortunate to own property in The Valley of the Sun. As one of the most in-demand areas in the nation, we know that people will continue to migrate to our communities. While Metro Phoenix’s population growth has slowed considerably through this recession, there is no doubt that an improving economy will bring those figures right back up to where they always have been. Winston Churchill once said, “Attitude is a little thing that makes a big difference.” Now is when a positive attitude becomes your most valuable asset as a homeowner. Stay upbeat and keep your home in tip-top shape and you will be rewarded down the line. If you’re considering selling your home, the right Realtor representation and a good attitude will be reflected when your home is shown and you will attract like-minded, positive buyers.

“Attitude is a little thing that makes a big difference.”

Another quote of Churchill’s, “A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty,” seems especially poignant for us. While your home may have lost value, the home you’d like to “move up” to has too. Therefore your WINSTON CHURCHILL net financial outcome is positive! The bottom line? Remember, tough times never last but tough people do! No matter if you are selling or not, do your best not to get anxious about the value of your home. This too shall pass…..

Organic Wine Tasting Armitage Bistro, July 21st 480.502.1641 or armitagewine.com Trying to include organic items into your diet? Why not start with your vino? The two leading organic wineries in Napa, Long Meadow Ranch and Frog’s Leap, are featured as the local sommelier presents a large variety of whites and reds. Even better, this wine tasting is free to guests who make a $10 purchase of food. Damon Wayans Tempe Improv, July 22nd – 25th 480.921.9877 or tempeimprov.com As part of a large family of talented comedians and actors, Damon Wayans has plenty of material to entertain the crowds. Wayans has been performing stand-up for 28 years now and has included many movie credits to his resume such as Last Action Hero and Bulletproof. Arizona Diamondbacks vs. San Francisco Giants Chase Field, July 24th 602.514.8400 or arizona.diamondbacks.mlb.com Three cheers for our home team as they battle it out against the Giants at Chase Field. Of course, what baseball game would be complete without peanuts and Cracker Jacks? Make sure to arrive early – the first 15,000 fans will receive infielder Mark Reynold’s replica jersey.


July 2010

Featured Property

THE PHIL TIBI GROUP My goal is to inform you and to be of service should you have any questions about our neighborhood real estate.

Life in The Valley really doesn’t get any better than this. As a long-time resident, I fell in love with the Biltmore area upon arriving to Phoenix in the late 80’s. My full-time passion developed into helping people buy and sell real estate within the various Biltmore communities.

POOLSIDE PAMPERING

As a Biltmore resident myself, I have an acute appreciation of this desirable enclave of Phoenix. As a dedicated real estate agent, my knowledge and expertise of each community within the Biltmore aids my clients in both buying or selling. I’m pleased to present you with this Biltmore Estates Lifestyle publication. In each issue you’ll find articles of interest about living in the Valley, as well as a comprehensive real estate report. I believe in empowering my clients with information. Most property owners like to keep abreast of the latest real estate statistics. My goal is to inform you and to be of service should you have any questions about area real estate. Considering selling? Moving up? Sizing down? Purchasing investment property in our neighborhood? Contact the Phil Tibi Group today for a private and discrete consultation.

Luxe Resort-Style Touches

Biltmore East 2971 Sq. Ft. | 4 Bed | 2.5 Bath • $639,000 Custom home by Classic Stellar! A great family home in a quiet the downstairs level. Newly painted throughout. Grassy backyard, covered patio and a sparkling pool round out your outdoor living. Interiors include wall niches, formal dining room, fantastic floor plan. Newer build for the neighborhood and Home Warranty included. YEAR-TO-DATE SALES IN THE BILTMORE Total Average Sold List Price

Days On Total Sold Market Volume

Average Sold Price

Sales/ List

Alta Vista Park

2

$1,685,000

398

$2,830,000

$1,415,000

84%

Biltmore Estates

1

$2,485,000

399

$2,170,000

$2,170,000

87%

PHIL TIBI

Biltmore Greens

4

$772,250

123

$2,890,000

$722,500

94%

Biltmore Square

1

$599,000

163

$560,000

$560,000

93%

CAMBRIDGE PROPERTIES

Colony Biltmore

4

$424,750

129

$1,558,900

$389,725

92%

Taliverde

2

$533,500

76

$1,026,000

$513,000

96%

Village on the Lakes

3

$586,633

280

$1,628,000

$542,666

93%

Associate Broker / Director of Resale

602.692.0780 Phil@CambridgeProperties.com

www.CambridgeProperties.com If your home is currently listed, this is not a solicitation for that listing.

All information is deemed reliable but not guaranteed. Statistics represent single-family and patio homes. Information gathered from ARMLS.

Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

in a Negative Real Estate Market

Pool Party Refreshment

Marcella’s Strawberry Balsamic Martini

neighborhood. Situated on a larger lot with Master Bedroom on

Subdivision

Staying Positive

The Biltmore Area’s

Real Estate Report


Biltmore Estates July 10