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Featured Property

9615 N. Rock Ridge Trail | 8210 Sq. Ft. | 6 Bed | 7 Bath $2,499,000 Overlooking a magnificent panorama of views & vistas, including soaring mountains and FireRock Country Club’s 14th green, this sensational Tuscan estate offers many fine features. Master-crafted stonework, stately columns, elegant archways, Crestron smart home system. Spectacular living room with wall-width disappearing doors to generous view veranda. Chef’s kitchen with long bi-level breakfast bar, rich furniture-paneled appointments, gorgeous thick-edged granite, impressive boxed ceiling outlined with dark-hued hardwood. Dazzling master retreat with lavish bath, fireplaced study, blissful boudoir, fresh-air cocktail balcony. Large lower-level gameroom/billiards parlor with wet bar, sheer glass exits to shimmering lap pool, spa, wrap-around alfresco patios.

GOOD NEWS FOR THE ARIZONA ECONOMY!

Although it’s official that the recession is over and we’re in a recovery, it may not feel like it to those experiencing unemployment or fallen home values. However, Arizona’s economy is actually improving quite strongly; even outpacing the nation. The US economy is expected to grow at 3% in 2011. Local economists are predicting Arizona’s expansion to exceed that growth with a 3.3% to 3.4%. In fact, the Phoenix market leads the nation in private-sector job growth according to the Bureau of Labor Statistics. Phoenix’s year-toyear increase of 2.3% in jobs far exceeds other major markets, with some cities still losing jobs at a rate of 3%. More encouraging news, the number of distressed property owners is shrinking. The percentage of homeowners who are behind on their payments dropped to a new two-year low during the 4th quarter of 2010. Fewer loans are entering the foreclosure pipeline, helping to stabilize our housing market further. The worst is over and we are rebuilding, now actually at a pretty solid clip. For more insight and information on our housing market or economy in general, give me a call. I’d love to speak with you.

March | April 2011

A COLLECTION OF NEWLY LISTED PROPERTIES AND RECENT SALES IN

Address

Subdivision

Sq. Ft./Bed/Bath Or Lot Size

List Price

9615 N. Rock Ridge Trl.

FireRock Country Club

8210 / 6 / 7

$2,499,000

9041 N. Fireridge Trl.

FireRock Country Club

6046 / 5 / 5.5

$1,849,000

9105 N. Shadow Ridge Trl.

FireRock Country Club

4490 / 4 / 4.5

$1,800,000

9944 N. Canyon View Ln.

FireRock Country Club

6689 / 5 / 5

$1,499,999

ACTIVE LISTINGS

15929 E. Villas Dr. 105

FireRock Country Club

2922 / 3 / 3.5

$1,250,000

15915 E. Tombstone Trl.

FireRock Country Club

4101 / 4 / 3.5

$1,099,000

9815 N. Copper Ridge Trl.

FireRock Country Club

5077 / 4 / 3.5

$929,900

9811 N. Red Bluff Dr. 22

FireRock Country Club

1.09 Acres

$439,000

15333 E. Firerock CC Dr. 3

FireRock Country Club

1.52 Acres

$350,000

10914 N. Arista Ln.

Crestview

6922 / 4 / 4.5

10722 N. Ventura Ct. 40

Crestview

6.91 Acres

14027 N. Sunflower Dr.

SunRidge Canyon

4366 / 3 / 3.5

$2,208,000 $625,000 $1,050,000

15109 E. Miravista Dr.

Eagle Mountain

6272 / 4 / 4.5

$1,750,000

9220 N. Flying Butte

Eagle Mountain

4250 / 4 / 4.5

$1,575,000

9045 N. Crimson Cyn.

Eagle Mountain

3543 / 4 / 3

$1,340,000

9410 N. Fireridge Trl.

FireRock Country Club

8059 / 5 / 7

$1,650,000

16117 E. Shooting Star Trl.

FireRock Country Club

8762 / 6 / 8

$1,650,000

9828 N. Palisades Dr.

FireRock Country Club

6040 / 4 / 4.5

$1,490,000

9826 N. Copper Ridge Trl.

FireRock Country Club

5973 / 5 / 7

$1,413,400

10737 N. Crestview Dr.

Crestview

7477 / 5 / 7

$1,399,000

13819 N. Sunset Dr.

SunRidge Canyon

3525 / 3 / 3.5

14699 E. Paradise Dr. 26

Eagle Ridge

NA Acre Size

$349,000

13864 E. Coyote Way

Eagles Nest

6820 / 4 / 6

$950,000

PENDING SALES

$899,900

SOLD

SUSAN PELLEGRINI

15031 E. Camelview Dr.

Eagle Mountain

4490 / 4 / 4.5

ACCESS LINE:

480.315.1575

16127 E. Star Gaze Trl.

FireRock Country Club

8861 / 4 / 7

$910,000

9435 N. Lava Bluff Trl. 1

FireRock Country Club

0.83 Acre

$180,000

877.276.1071 TOLL FREE Susan@Pellegrini.com

9038 N. Lava Bluff Trl. 13

FireRock Country Club

WWW.PELLEGRINI.COM

SOLD PRICE $1,050,000

0.66 Acre

$90,000

14321 E. Dancing Bears Ct. 30 Crestview

2.02 Acres

$115,000

15025 E. Camelview Dr. 27

0.72 Acre

$265,000

Eagle Mountain

Listings in bold/blue signify The Pellegrini Group’s involvement in the listing or sale. All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS. If your home is currently listed, this is not a solicitation for that listing.

9 Signs It’s Spring In The Valley

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

ISSN-1939-9529

Investors Are Snatching Up Valley Real Estate

Tips & Strategies For Success

Gourmet Cuisine For Spring Palates

J&G Steakhouse’s Corn & Basil Ravioli Fountain Hills’

Real Estate Report


Although the winter months aren’t too shabby here in the Valley of the Sun, there is just something magical about springtime. It’s when the first warm shafts of sunlight begin beaming down and caressing our bodies with its radiance. Desert wildlife begins its annual stirrings and the sights and smells of flowers budding, and birds chirping about is enough to make even the most jaded native Arizonan feel lucky to call this place home. Here, in celebration of a glorious season, are 9 signs of spring in the Valley, and a link to help you enjoy them:

Featuring J&G Steakhouse at The Phoenician 480.214.8000 | JGSteakhouseScottsdale.com

Cactus League Spring Training

As if the nearly $400 million economic impact of the games aren’t enough to get your blood pumping, for many, the siren call of baseball is too tempting to pass up! Especially the mid-week afternoon games where many an employee has been found on a “sick day”! From the crack of the bat, to the cold beer in hand, Spring Training baseball is not just a fun day out, but a rite of spring for so many residents and visitors alike! (CactusLeague.com)

SWEET CORN RAVIOLI, BASIL BUTTER AND CHERRY TOMATOES Raviolis 3 lbs. corn kernels 3 lbs. charred corn kernels 10 oz. minced shallots 1 tsp. Thai chili, minced 1/3 Tbs. minced rosemary 2 Tbs. sugar 1 Tbs. salt 8 oz. butter 2 qts. heavy cream Sweat shallots in butter using two rondeaus until tender. Add fresh corn kernels and cook until bright yellow then slowly add cream and cook like a risotto. Once all cream has been added and reduced until kernels are barely above cream, add salt and remove from heat. Puree until smooth. In a large mixing bowl over an ice bath, stir in chili, rosemary, sugar and charred corn and cool.

The Flutter of Butterflies

The sight of colorful butterflies flitting from flower to flower is especially welcomed in early spring as they begin populating the Valley for the warm months. For a not-tobe-missed experience, head to the Desert Botanical Garden’s spring butterfly exhibit. You’ll marvel at hundreds of butterflies as they interact with visitors in an enclosed garden. (DBG.org)

Tomato Salad 10 oz. cherry tomatoes, washed and split 3 oz. shallots, peeled and sliced 1/8” thick 1 tsp. salt 2 Tbs. red wine vinegar 2 Tbs. olive oil 1/4 tsp. Thai chili, washed and minced

Golf Courses are Packed

Even as the rest of the nation is beginning to thaw out, golf lovers are still flocking to Arizona for our absolutely stellar courses. How about trying out a new course this season, or, bringing a buddy to experience your favorite. (GolfLink.com)

Put tomatoes and shallots in a bowl and sprinkle with salt. Add the vinegar, chili and olive oil and mix well. This salad must be mixed 15 minutes prior to use and is good for one hour at room temperature. Basil Puree 1 lb. fresh basil 16 oz. safflower oil 1 tsp. salt Blanch basil for 10 full seconds in rapidly boiling water. Shock in an ice bath. Squeeze out excess water and add safflower oil and salt, and puree on high speed until bright green. Shock in a bowl over ice. To Serve Sauté shallot in foamy butter and add corn kernels. Sweat out, then add water to almost cover. Mount with butter and emulsify. Season with basil puree and add raviolis which have been poached in simmering water. Sauce should be creamy and brothy, not thick, and should be bright light green. Place in a small bowl and top with the cherry tomatoes, then sprinkle with baby basil.

Achoo!

Traffic Jams on Hiking Trails

While not a welcome sign, it’s one thing that many of us have to suffer with while living in paradise – seasonal allergies. Sniffles, itchy eyes and frequent sneezing are commonplace in the Valley and a definite indication that we’ve entered spring. (SpringAllergies.net)

Al Fresco Dining

If you’re a year-round trail user, then you’ll really notice the increase in folks out for a hike this time of year. While your usual trek up Camelback Mountain might involve a little more “excuse me”s than usual, you can smile knowing that people from all over the Valley, and the world, are out enjoying our gorgeous desert trails too. (Trails.com)

The clink of wine glasses, the melodic laughter of diners, delicious aromas wafting from patios and sidewalk cafés – if you’re not dining outdoors this time of year, you aren’t living! Spring not only brings us the opportunity to dine al fresco, but also some of the best culinary events in the country. Don’t miss the Scottsdale Culinary Festival in April, it’s a yearly must-do for all. (ScottsdaleCulinaryFestival.org)

Pastels, Halters & Hats

You know it’s spring when Valley fashionistas don refreshing warmweather ensembles. From Easter bonnets to breezy sundresses, the city streets are beautifully dressed this time of year! Check out the newest spring trends at StyleList.com.

Wildflowers Galore

From the freeway medians to the desert expanses, lovely wildflowers are making their yearly show. Not only do they beautifully blanket the ground, but cactus flowers are in full bloom too. For some fantastic photo-ops, check out where to see the best wildflower displays at DesertUSA.com.

The Breeze is Blowing and Tails are Wagging

That’s right, take a look on your next drive about town. You’ll smile at the sight of so many pooches relishing the weather with their heads poking out of car windows all over the Valley. Dogs are masters at knowing when to appreciate a simple pleasure, so take a cue from them and roll your window down too. Viva spring!

SUCCESSFUL STRATEGIES FOR ANY REAL ESTATE INVESTOR It has literally never been easier to take advantage of the world’s simplest business principle of buying low and selling high. Particularly right here in the Metropolitan Phoenix market where once-in-a-generation buying opportunities are available in abundance. Buying real estate today is all about working with a team of professionals that have the expertise and knowledge to guide you to success. The real estate you purchase today may be the brightest star in your wealth portfolio. Hang on to those properties until the next market upswing and you can expect some tidy profits to come your way. The key, of course, is knowing the best strategies for investing. Here, we offer some sage advice for getting it right:

DON’T GO IT ALONE

Good advice, certainly, for a first-time real estate investor. But perhaps just as critical for seasoned investors as well, since the market has changed so drastically since many have last made an investment in real estate. New lending guidelines, a maze of governmental housing legislation and regulation, the tricky nuances of Short Sale transactions and the purchase of bank-owned properties make today’s real estate landscape more difficult

to maneuver than ever. Before you do anything else, align yourself with a smart and seasoned Realtor. They are your anchor in the storm. Additionally, you can count on your Realtor to connect you with a team of individuals such as a home appraiser, a home inspector, mortgage lender, title and escrow officer, reputable property managers, etc. Your Realtor knows who the best in the business are and their recommendations can keep your purchase on track, saving you valuable time and money.

DON’T FIND A PROPERTY UNTIL YOU DETERMINE A PLAN

No matter how good the deal on a property, it doesn’t make any sense to buy it unless it fits into your pre-determined plan. Many investors make the mistake of buying, then figuring out what to do with the property. First and foremost, choose your investment strategy. Are you planning to buy, rehab and flip? Buy and hold? For how long? Two years? Five years? Ten years? Or perhaps you’re looking for an income-producing rental property. How much do you want to net each month? What type of a tenant do you want? Families, singles, college students? Know your plan, then make your move.

LEVERAGING YOUR MONEY

One method of increasing your return is by using leverage from a lender. When you borrow for the majority of the purchase price, your return on investment will be the total cash flow minus the interest paid; much better than when you purchase it with 100% of your own money. With today’s low, low, low interest rates, even investors flush with cash are finding it more lucrative to borrow. On the flip side, paying cash for your investment is another way of using your money for leverage. The hottest deals out there are in high demand with multiple bidders. An all-cash purchase may make your offer stand out above the rest. Discuss your options with a mortgage

Arizona Aloha Festival Tempe Beach Park, March 12th and 13th 602.697.1824 I AzAlohaFest.org Experience the rich cultures of the South Pacific Islands with exciting performances, delicious cuisine, hands-on activities and a shopping paradise filled with Hawaiian and Polynesian crafts. Enjoy many performances including Tahitian drummers, Hawaiian hula dancers, and Samoan slap dancers on one of three stages. Kids’ activities include lei making, poi balls and tapa print stamping. Bring your ukulele and flowered shirt, and join in on the fun! Modern Masters Orpheum Theater, March 25th – 27th 602.381.1096 I BalletAz.org Ballet Arizona, the Valley’s premier dance company is known for its innovative and artistic work. Billed as “...mixed classic steps with modern gestures” by The Arizona Republic, this presentation by acclaimed choreographers Ib Andersen and Christopher Wheeldon continues the company’s tradition of inventiveness and commitment to creativity. Celebration of Fine Art Scottsdale Road south of Loop 101, through March 27th 480.443.7695 I CelebrateArt.com In its 21st year, one of Scottsdale’s most popular events brings artists and art lovers together in a unique assembly where interaction among visitors and artists is the highlight. In over 40,000 square feet of working studios, serious collectors and simple art appreciators can watch artists create their pieces live, ask questions and learn about what inspires their designs. From realistic to impressionistic, abstract to contemporary, there will be art that speaks to your heart. A café on the premises serves light fare and wine tastings are offered on the weekends. Forks ‘n Corks CityScape, April 7th 602.604.0729 I ForksAndCorks.org Want to immerse yourself in the Valley’s premier chef offerings, restaurants, resorts and fine wines? This culinary event draws foodies from all over the country as guests mix and mingle, and indulge in savory samplings. The evening benefits the Arizona Hotel and Restaurant Education Foundations, aiding in scholarships for the industry’s next crop of rising stars.

BE SURE TO HAVE A “PLAN B”

Having just one exit strategy for the property may not be enough. If you’re planning to flip, what if it doesn’t resell? If you’re planning to rent, what if the rental market stalls out? Discuss with your Realtor two or three different options for the property whether it’s a leasepurchase, long-term hold, or property trade with another investor. Then buy a property that can work with your Plan A and Plan B.

MARCH | APRIL 2011

lender and your Realtor so you know which strategy works best for you.

BID TO BUY

Seems obvious, right? But some would-be buyers lose out on fantastic deals and amazing properties time and time again by offering too low. Again, this is where your trusted Realtor comes in with guidance that can be worth so much to you in time and money. When your Realtor finds a property for you that fits all your criteria, they also know how that property is priced among its competition. Many properties today are distressed and offered at rock-bottom prices. The days of offering 40% below asking price are over. Your Realtor will know which properties are priced where they need to be and which ones aren’t. Bid too low and you’ll miss out.

Copperstate 1000 Field of Dreams Cruise In Tempe Diablo Stadium, April 10th 602.307.2007 I MensArtsCouncil.com The Copperstate 1000 celebrates our culture’s automotive legacy with a four-day, 1,000-mile route through scenic Arizona. The vintage cars participating in the event are showcased for a public viewing and kick-off to the rally. If Barrett-Jackson and Russo & Steele got your blood pumping, you’ll enjoy circulating with the cars and their owners before sitting down for the fanfare-filled European-style departure! Pat’s Run ASU’s Sun Devil Stadium, April 16th 480.621.4074 I PatTillmanFoundation.org Pat Tillman, former ASU and Arizona Cardinal football player, died while serving as an Army Ranger in Afghanistan. In honor of Pat and his #42 Sun Devil jersey, this 4.2-mile run/walk is staged so that all participants finish on the 42-yard line of Sun Devil Stadium. Proceeds support the Foundation’s Military Scholars program. Join over 30,000 participants, volunteers and spectators in a moving celebration and honoring of a true hero.


Although the winter months aren’t too shabby here in the Valley of the Sun, there is just something magical about springtime. It’s when the first warm shafts of sunlight begin beaming down and caressing our bodies with its radiance. Desert wildlife begins its annual stirrings and the sights and smells of flowers budding, and birds chirping about is enough to make even the most jaded native Arizonan feel lucky to call this place home. Here, in celebration of a glorious season, are 9 signs of spring in the Valley, and a link to help you enjoy them:

Featuring J&G Steakhouse at The Phoenician 480.214.8000 | JGSteakhouseScottsdale.com

Cactus League Spring Training

As if the nearly $400 million economic impact of the games aren’t enough to get your blood pumping, for many, the siren call of baseball is too tempting to pass up! Especially the mid-week afternoon games where many an employee has been found on a “sick day”! From the crack of the bat, to the cold beer in hand, Spring Training baseball is not just a fun day out, but a rite of spring for so many residents and visitors alike! (CactusLeague.com)

SWEET CORN RAVIOLI, BASIL BUTTER AND CHERRY TOMATOES Raviolis 3 lbs. corn kernels 3 lbs. charred corn kernels 10 oz. minced shallots 1 tsp. Thai chili, minced 1/3 Tbs. minced rosemary 2 Tbs. sugar 1 Tbs. salt 8 oz. butter 2 qts. heavy cream Sweat shallots in butter using two rondeaus until tender. Add fresh corn kernels and cook until bright yellow then slowly add cream and cook like a risotto. Once all cream has been added and reduced until kernels are barely above cream, add salt and remove from heat. Puree until smooth. In a large mixing bowl over an ice bath, stir in chili, rosemary, sugar and charred corn and cool.

The Flutter of Butterflies

The sight of colorful butterflies flitting from flower to flower is especially welcomed in early spring as they begin populating the Valley for the warm months. For a not-tobe-missed experience, head to the Desert Botanical Garden’s spring butterfly exhibit. You’ll marvel at hundreds of butterflies as they interact with visitors in an enclosed garden. (DBG.org)

Tomato Salad 10 oz. cherry tomatoes, washed and split 3 oz. shallots, peeled and sliced 1/8” thick 1 tsp. salt 2 Tbs. red wine vinegar 2 Tbs. olive oil 1/4 tsp. Thai chili, washed and minced

Golf Courses are Packed

Even as the rest of the nation is beginning to thaw out, golf lovers are still flocking to Arizona for our absolutely stellar courses. How about trying out a new course this season, or, bringing a buddy to experience your favorite. (GolfLink.com)

Put tomatoes and shallots in a bowl and sprinkle with salt. Add the vinegar, chili and olive oil and mix well. This salad must be mixed 15 minutes prior to use and is good for one hour at room temperature. Basil Puree 1 lb. fresh basil 16 oz. safflower oil 1 tsp. salt Blanch basil for 10 full seconds in rapidly boiling water. Shock in an ice bath. Squeeze out excess water and add safflower oil and salt, and puree on high speed until bright green. Shock in a bowl over ice. To Serve Sauté shallot in foamy butter and add corn kernels. Sweat out, then add water to almost cover. Mount with butter and emulsify. Season with basil puree and add raviolis which have been poached in simmering water. Sauce should be creamy and brothy, not thick, and should be bright light green. Place in a small bowl and top with the cherry tomatoes, then sprinkle with baby basil.

Achoo!

Traffic Jams on Hiking Trails

While not a welcome sign, it’s one thing that many of us have to suffer with while living in paradise – seasonal allergies. Sniffles, itchy eyes and frequent sneezing are commonplace in the Valley and a definite indication that we’ve entered spring. (SpringAllergies.net)

Al Fresco Dining

If you’re a year-round trail user, then you’ll really notice the increase in folks out for a hike this time of year. While your usual trek up Camelback Mountain might involve a little more “excuse me”s than usual, you can smile knowing that people from all over the Valley, and the world, are out enjoying our gorgeous desert trails too. (Trails.com)

The clink of wine glasses, the melodic laughter of diners, delicious aromas wafting from patios and sidewalk cafés – if you’re not dining outdoors this time of year, you aren’t living! Spring not only brings us the opportunity to dine al fresco, but also some of the best culinary events in the country. Don’t miss the Scottsdale Culinary Festival in April, it’s a yearly must-do for all. (ScottsdaleCulinaryFestival.org)

Pastels, Halters & Hats

You know it’s spring when Valley fashionistas don refreshing warmweather ensembles. From Easter bonnets to breezy sundresses, the city streets are beautifully dressed this time of year! Check out the newest spring trends at StyleList.com.

Wildflowers Galore

From the freeway medians to the desert expanses, lovely wildflowers are making their yearly show. Not only do they beautifully blanket the ground, but cactus flowers are in full bloom too. For some fantastic photo-ops, check out where to see the best wildflower displays at DesertUSA.com.

The Breeze is Blowing and Tails are Wagging

That’s right, take a look on your next drive about town. You’ll smile at the sight of so many pooches relishing the weather with their heads poking out of car windows all over the Valley. Dogs are masters at knowing when to appreciate a simple pleasure, so take a cue from them and roll your window down too. Viva spring!

SUCCESSFUL STRATEGIES FOR ANY REAL ESTATE INVESTOR It has literally never been easier to take advantage of the world’s simplest business principle of buying low and selling high. Particularly right here in the Metropolitan Phoenix market where once-in-a-generation buying opportunities are available in abundance. Buying real estate today is all about working with a team of professionals that have the expertise and knowledge to guide you to success. The real estate you purchase today may be the brightest star in your wealth portfolio. Hang on to those properties until the next market upswing and you can expect some tidy profits to come your way. The key, of course, is knowing the best strategies for investing. Here, we offer some sage advice for getting it right:

DON’T GO IT ALONE

Good advice, certainly, for a first-time real estate investor. But perhaps just as critical for seasoned investors as well, since the market has changed so drastically since many have last made an investment in real estate. New lending guidelines, a maze of governmental housing legislation and regulation, the tricky nuances of Short Sale transactions and the purchase of bank-owned properties make today’s real estate landscape more difficult

to maneuver than ever. Before you do anything else, align yourself with a smart and seasoned Realtor. They are your anchor in the storm. Additionally, you can count on your Realtor to connect you with a team of individuals such as a home appraiser, a home inspector, mortgage lender, title and escrow officer, reputable property managers, etc. Your Realtor knows who the best in the business are and their recommendations can keep your purchase on track, saving you valuable time and money.

DON’T FIND A PROPERTY UNTIL YOU DETERMINE A PLAN

No matter how good the deal on a property, it doesn’t make any sense to buy it unless it fits into your pre-determined plan. Many investors make the mistake of buying, then figuring out what to do with the property. First and foremost, choose your investment strategy. Are you planning to buy, rehab and flip? Buy and hold? For how long? Two years? Five years? Ten years? Or perhaps you’re looking for an income-producing rental property. How much do you want to net each month? What type of a tenant do you want? Families, singles, college students? Know your plan, then make your move.

LEVERAGING YOUR MONEY

One method of increasing your return is by using leverage from a lender. When you borrow for the majority of the purchase price, your return on investment will be the total cash flow minus the interest paid; much better than when you purchase it with 100% of your own money. With today’s low, low, low interest rates, even investors flush with cash are finding it more lucrative to borrow. On the flip side, paying cash for your investment is another way of using your money for leverage. The hottest deals out there are in high demand with multiple bidders. An all-cash purchase may make your offer stand out above the rest. Discuss your options with a mortgage

Arizona Aloha Festival Tempe Beach Park, March 12th and 13th 602.697.1824 I AzAlohaFest.org Experience the rich cultures of the South Pacific Islands with exciting performances, delicious cuisine, hands-on activities and a shopping paradise filled with Hawaiian and Polynesian crafts. Enjoy many performances including Tahitian drummers, Hawaiian hula dancers, and Samoan slap dancers on one of three stages. Kids’ activities include lei making, poi balls and tapa print stamping. Bring your ukulele and flowered shirt, and join in on the fun! Modern Masters Orpheum Theater, March 25th – 27th 602.381.1096 I BalletAz.org Ballet Arizona, the Valley’s premier dance company is known for its innovative and artistic work. Billed as “...mixed classic steps with modern gestures” by The Arizona Republic, this presentation by acclaimed choreographers Ib Andersen and Christopher Wheeldon continues the company’s tradition of inventiveness and commitment to creativity. Celebration of Fine Art Scottsdale Road south of Loop 101, through March 27th 480.443.7695 I CelebrateArt.com In its 21st year, one of Scottsdale’s most popular events brings artists and art lovers together in a unique assembly where interaction among visitors and artists is the highlight. In over 40,000 square feet of working studios, serious collectors and simple art appreciators can watch artists create their pieces live, ask questions and learn about what inspires their designs. From realistic to impressionistic, abstract to contemporary, there will be art that speaks to your heart. A café on the premises serves light fare and wine tastings are offered on the weekends. Forks ‘n Corks CityScape, April 7th 602.604.0729 I ForksAndCorks.org Want to immerse yourself in the Valley’s premier chef offerings, restaurants, resorts and fine wines? This culinary event draws foodies from all over the country as guests mix and mingle, and indulge in savory samplings. The evening benefits the Arizona Hotel and Restaurant Education Foundations, aiding in scholarships for the industry’s next crop of rising stars.

BE SURE TO HAVE A “PLAN B”

Having just one exit strategy for the property may not be enough. If you’re planning to flip, what if it doesn’t resell? If you’re planning to rent, what if the rental market stalls out? Discuss with your Realtor two or three different options for the property whether it’s a leasepurchase, long-term hold, or property trade with another investor. Then buy a property that can work with your Plan A and Plan B.

MARCH | APRIL 2011

lender and your Realtor so you know which strategy works best for you.

BID TO BUY

Seems obvious, right? But some would-be buyers lose out on fantastic deals and amazing properties time and time again by offering too low. Again, this is where your trusted Realtor comes in with guidance that can be worth so much to you in time and money. When your Realtor finds a property for you that fits all your criteria, they also know how that property is priced among its competition. Many properties today are distressed and offered at rock-bottom prices. The days of offering 40% below asking price are over. Your Realtor will know which properties are priced where they need to be and which ones aren’t. Bid too low and you’ll miss out.

Copperstate 1000 Field of Dreams Cruise In Tempe Diablo Stadium, April 10th 602.307.2007 I MensArtsCouncil.com The Copperstate 1000 celebrates our culture’s automotive legacy with a four-day, 1,000-mile route through scenic Arizona. The vintage cars participating in the event are showcased for a public viewing and kick-off to the rally. If Barrett-Jackson and Russo & Steele got your blood pumping, you’ll enjoy circulating with the cars and their owners before sitting down for the fanfare-filled European-style departure! Pat’s Run ASU’s Sun Devil Stadium, April 16th 480.621.4074 I PatTillmanFoundation.org Pat Tillman, former ASU and Arizona Cardinal football player, died while serving as an Army Ranger in Afghanistan. In honor of Pat and his #42 Sun Devil jersey, this 4.2-mile run/walk is staged so that all participants finish on the 42-yard line of Sun Devil Stadium. Proceeds support the Foundation’s Military Scholars program. Join over 30,000 participants, volunteers and spectators in a moving celebration and honoring of a true hero.


Featured Property

9615 N. Rock Ridge Trail | 8210 Sq. Ft. | 6 Bed | 7 Bath $2,499,000 Overlooking a magnificent panorama of views & vistas, including soaring mountains and FireRock Country Club’s 14th green, this sensational Tuscan estate offers many fine features. Master-crafted stonework, stately columns, elegant archways, Crestron smart home system. Spectacular living room with wall-width disappearing doors to generous view veranda. Chef’s kitchen with long bi-level breakfast bar, rich furniture-paneled appointments, gorgeous thick-edged granite, impressive boxed ceiling outlined with dark-hued hardwood. Dazzling master retreat with lavish bath, fireplaced study, blissful boudoir, fresh-air cocktail balcony. Large lower-level gameroom/billiards parlor with wet bar, sheer glass exits to shimmering lap pool, spa, wrap-around alfresco patios.

GOOD NEWS FOR THE ARIZONA ECONOMY!

Although it’s official that the recession is over and we’re in a recovery, it may not feel like it to those experiencing unemployment or fallen home values. However, Arizona’s economy is actually improving quite strongly; even outpacing the nation. The US economy is expected to grow at 3% in 2011. Local economists are predicting Arizona’s expansion to exceed that growth with a 3.3% to 3.4%. In fact, the Phoenix market leads the nation in private-sector job growth according to the Bureau of Labor Statistics. Phoenix’s year-toyear increase of 2.3% in jobs far exceeds other major markets, with some cities still losing jobs at a rate of 3%. More encouraging news, the number of distressed property owners is shrinking. The percentage of homeowners who are behind on their payments dropped to a new two-year low during the 4th quarter of 2010. Fewer loans are entering the foreclosure pipeline, helping to stabilize our housing market further. The worst is over and we are rebuilding, now actually at a pretty solid clip. For more insight and information on our housing market or economy in general, give me a call. I’d love to speak with you.

March | April 2011

A COLLECTION OF NEWLY LISTED PROPERTIES AND RECENT SALES IN

Address

Subdivision

Sq. Ft./Bed/Bath Or Lot Size

List Price

9615 N. Rock Ridge Trl.

FireRock Country Club

8210 / 6 / 7

$2,499,000

9041 N. Fireridge Trl.

FireRock Country Club

6046 / 5 / 5.5

$1,849,000

9105 N. Shadow Ridge Trl.

FireRock Country Club

4490 / 4 / 4.5

$1,800,000

9944 N. Canyon View Ln.

FireRock Country Club

6689 / 5 / 5

$1,499,999

ACTIVE LISTINGS

15929 E. Villas Dr. 105

FireRock Country Club

2922 / 3 / 3.5

$1,250,000

15915 E. Tombstone Trl.

FireRock Country Club

4101 / 4 / 3.5

$1,099,000

9815 N. Copper Ridge Trl.

FireRock Country Club

5077 / 4 / 3.5

$929,900

9811 N. Red Bluff Dr. 22

FireRock Country Club

1.09 Acres

$439,000

15333 E. Firerock CC Dr. 3

FireRock Country Club

1.52 Acres

$350,000

10914 N. Arista Ln.

Crestview

6922 / 4 / 4.5

10722 N. Ventura Ct. 40

Crestview

6.91 Acres

14027 N. Sunflower Dr.

SunRidge Canyon

4366 / 3 / 3.5

$2,208,000 $625,000 $1,050,000

15109 E. Miravista Dr.

Eagle Mountain

6272 / 4 / 4.5

$1,750,000

9220 N. Flying Butte

Eagle Mountain

4250 / 4 / 4.5

$1,575,000

9045 N. Crimson Cyn.

Eagle Mountain

3543 / 4 / 3

$1,340,000

9410 N. Fireridge Trl.

FireRock Country Club

8059 / 5 / 7

$1,650,000

16117 E. Shooting Star Trl.

FireRock Country Club

8762 / 6 / 8

$1,650,000

9828 N. Palisades Dr.

FireRock Country Club

6040 / 4 / 4.5

$1,490,000

9826 N. Copper Ridge Trl.

FireRock Country Club

5973 / 5 / 7

$1,413,400

10737 N. Crestview Dr.

Crestview

7477 / 5 / 7

$1,399,000

13819 N. Sunset Dr.

SunRidge Canyon

3525 / 3 / 3.5

14699 E. Paradise Dr. 26

Eagle Ridge

NA Acre Size

$349,000

13864 E. Coyote Way

Eagles Nest

6820 / 4 / 6

$950,000

PENDING SALES

$899,900

SOLD

SUSAN PELLEGRINI

15031 E. Camelview Dr.

Eagle Mountain

4490 / 4 / 4.5

ACCESS LINE:

480.315.1575

16127 E. Star Gaze Trl.

FireRock Country Club

8861 / 4 / 7

$910,000

9435 N. Lava Bluff Trl. 1

FireRock Country Club

0.83 Acre

$180,000

877.276.1071 TOLL FREE Susan@Pellegrini.com

9038 N. Lava Bluff Trl. 13

FireRock Country Club

WWW.PELLEGRINI.COM

SOLD PRICE $1,050,000

0.66 Acre

$90,000

14321 E. Dancing Bears Ct. 30 Crestview

2.02 Acres

$115,000

15025 E. Camelview Dr. 27

0.72 Acre

$265,000

Eagle Mountain

Listings in bold/blue signify The Pellegrini Group’s involvement in the listing or sale. All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS. If your home is currently listed, this is not a solicitation for that listing.

9 Signs It’s Spring In The Valley

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Fountain Hills Luxury Lifestyle March/April 2011