Mirabel Lifestyle | Bob Lomax

MIRABEL PROPERTY FeaturedFEATURED Mirabel Home

The Broker’s Corner

J U N E

Lot 171 | Beds | 4.5 Baths | 4,629 sq. ft. | $1,795,000

2016 started off on the slow side for real estate sales but has picked up momentum nicely in the last month or so. The chart at the bottom of this page shows sales activity in the 5 major golf communities in north Scottsdale, north of Pinnacle Peak Road. As you can see, Mirabel has 12 homes either closed or in escrow as of the writing of this article.

That number outpaces 2015 when only 10 homes sold all year. A rebound of the stock market after a shaky start to the year seems to be a contributing factor as well as the strengthening of the Canadian dollar.

Overall, Mirabel’s home sales for 2016 have outpaced all of the other competing golf communities as a percentage of total homes built. The issue moving forward will be a lack of inventory as we only have 12 homes actively for sale right now and one of them hasn’t even broken ground yet. Homesite sales on the other hand have not been as strong with only 2 sites selling so far this year. An oversupply of homesites for sale is partially to blame as there are currently 44 actively listed. As always, if you have any questions or want to discuss what your property is currently worth, don’t hesitate to give me a call. Until next time...

Bob Lomax

Owner/Designated Broker Mirabel Properties

BOB LOMAX

OWNER/DESIGNATED BROKER MIRABEL PROPERTIES

480.595.2545 OFFICE 480.595.9503 FAX 602.920.7192 MOBILE

The amazing design of this home takes advantage of the lot location and creates a super private resort like feel with the pool, spa and water features greeting you in the front courtyard as you enter through massive wooden gates. An automated pocket door opens the entire great room and kitchen to the tropical front courtyard blurring the lines between inside spaces and outdoor living. The home has beautiful sunset views from an elevated patio in the courtyard complete with large fireplace and built-in barbecue island. Lots of texture inside the home with stone floors, wood beams, large stone fireplaces and rich built in custom cabinetry everywhere. The separate casita is across the pool and faces into the front courtyard. A great price for this quality of home in Mirabel.

Total in Community

Desert Highlands Estancia Whisper Rock Desert Mountain Mirabel Total

560 188 112 1790 198 2848

Total in Community

Desert Highlands Estancia Whisper Rock Desert Mountain Mirabel Total

40 54 102 530 138 864

HOMES

Available Pending Sold

43 34 22 211 12 322

Total Pending/Sold % of Total

4 11 2 2 0 2 14 39 6 6 26 60

HOMESITES

Available Pending Sold

15 4 2 53 12 86

3% 2% 2% 3% 6% 3%

Total Pending/Sold % of Total

9 1 1 15 3 0 20 1 3 136 4 12 44 0 2 224 9 18

2 3 4 16 2 27

5% 6% 4% 3% 1% 3%

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

www.mirabel.com

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

M AY

|

MIRAB

2 0 1 6

LIFESTYLE

Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

The Mane Event Off to the Races!

Supply & Demand

2016 Real Estate Market Update

Gordon Biersch’s Märzen BBQ Sauce Ribs

Featured Home Presented By Bob Lomax

Event Calendar MAY | JUNE 2016 Schenepf Farms | May 14-22 Schnepffarms.com | 480.987.3100 The annual event features hay rides to the orchards, live music, train rides, carousel rides and more, peachy pancake breakfast, peachy sampling pavilion with food ranging from sweets to salsas, water activities, peachy arts and crafts booths, peach pies, and more.

Spring Arizona Restaurant Week Various Locations | May 20-29 ArizonaRestaurentWeek.com | 602.307.9134 Residents and visitors alike are encouraged to channel their inner foodie and make reservations at Arizona’s premiere restaurants. Participating restaurants are not only known for their exceptional cuisine, they also spare no expense to give diners an extraordinary atmosphere for a special night on the town.

Phoenix Comicon Phoenix Convention Center | June 2-5 PhoenixComicon.com Phoenix Comicon is the signature pop culture experience of the Southwest. It presents the chance for fans to meet with their favorite creators, actors, authors and get their autograph.

Comicon brings out the top comic book writers and artists in the industry, features many genres from pop culture and presents a full weekend of events and activities for you and your family.

Moon Over Buffalo Desert Stages Theatre | June 3-July 24 DesertStages.org | 480.483.1664 George and Charlotte Hay, traveling actors, are performing at theatre in Buffalo when George receives a very important phone call. Famous film director, Frank Capra, needs two stars to replace actors in his current film and he is interested in George and Charlotte! As the couple prepares to have Capra watch their show everything begins to fall apart. Will they get their shot at Hollywood?

Desert Botanical Garden Flashlight Tours Desert Botanical Garden | May 28- September 3 DBG.com | 480.941.1225 Thursday and Saturday nights, join in on something different. Flashlight tours are a sensory adventure where you will see, hear and feel the desert night.

The self-paced stroll along the main trail to more than 10 discovery stations. Don’t forget to bring your flashlight to see all the various discovery stations including the Desert Tortoise Discovery Station and Tarantula and Scorpion Discovery Station.

2016 Real Estate MARKET UPDATE

T

he 2016 housing market so far has been characterized by moderately rising prices in most cities, but the tight supply of homes on the market is the biggest factor holding the real estate sector back.

Moderately Rising Prices In 2015 home prices nationally rose 4%, compared to a 6.4% hike in 2014, according to Clear Capital, a provider of real estate data and analysis.

Economists forecast that home prices will rise at a more moderate level in 2016, at approximately 3%.

Tight Supply Tight supply has been the deterrent so far in 2016 for many home buyers, as well as for sellers who want to trade up. Nationwide, inventory has been around five months’ supply (the time it would take to sell the current number of homes for sale at the current pace). But in many cities inventory is much lower and strongly favors sellers.

G

princess (channel your inner Kate Middleton, the Duchess of Cambridge, for this look). For the men, it’s all about bright pants or blazers with coordinating bow ties and spiffy shoes. No color is too tropical or pastel. Some gentlemen also opt for lightweight fedoras or straw hats.

(The overall look is very Vineyard Vines, which is in fact the “official style” maker of the event.)

rab your mint julep, your brightest and biggest summer hat, and head off to the races. If you’re a fan of the equestrian lifestyle, May and June are the months you look forward to all year. It’s the start of the Triple Crown season, which includes the Kentucky Derby held at Churchill Downs on May 7; the Preakness Stakes, held at Pimlico Race Course in Baltimore on May 21; and the Belmont Stakes, held in Belmont Park on Long Island, New York, on June 11.

And with all the excitement last year with the Triple Crown winner American Pharoah, this year is sure to be more anticipated than ever before. After all, American Pharoah is only the 12th Triple Crown winner in the history of the races. The previous winner, Affirmed, was all the way back in 1978. Talk about a long drought!

Of course, with the thrill of the actual racing comes the excitement of the parties, the fashion, and the history that comes along with the Triple Crown. For women, it’s time to don your prettiest summer dress with a coordinating summer hat, or perhaps a fascinator fit for a

The Kentucky Derby—also known as “the run for the roses,” a nod to the garland of 400 red roses the winning horse wears—has historically been filled with socialites, celebrities, and politicians alike, which adds to the fun and excitement. Even if you’re not lucky enough to have a ticket to the race, it’s fun to throw a Derby party to kick off the season. Invite your friends and family to don their finest and head to your house for some mint juleps and fine southern foods (country ham & biscuits or bourbon balls, anyone?). So go ahead and mark your calendars for May 7, the kickoff of the 142nd annual Kentucky Derby in Louisville.

That’s when all the fun officially begins. Just don’t walk away from the flat screen too long— the actual race lasts for only two minutes!

Millennials Drive Demand Demand for housing continues to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases.

Two other demographics will also be strong buyers in 2016.

The Gen-X buyer is in their prime earning years and with their improved economic circumstances will want to move-up in terms of housing. Older boomers are approaching, or are already in retirement and seeking to downsize or lower their cost of living.

Together, these two generations will provide much of the suburban inventory that millennials desire.

Luxury Market Influences Interest from international buyers in U.S. luxury real estate could get a slight boost in 2016, as long as stock market volatility remains at bay.

Nela Richardson, chief economist at Redfin, said she expects strong sales in the luxury segment in 2016. “I think that sales will outpace the rest of the market, however, prices will slow significantly.”

Phoenix Market The Phoenix real estate market is also characterized by tight supply.

According to Michael Orr, director of the Center for Real Estate Theory and Practice “Our biggest problem is not having enough homes for the population that is growing fast again.”

But, 2016 is poised to be the best year for home sales and prices in the Valley in nearly a decade. March 2016 showed an increase in real estate prices by 8% year over year and Realtor.com is predicting the Phoenix area home values to boost by 9.5% overall.

REAL ESTATE

corner

IN GOOD TASTE

Schnepf Farms’ Peach Festival

Horses & High Stakes

Märzen BBQ Sauce Ribs RIBS 5 lbs

3 (12 oz)

4 ½ c

baby back pork ribs, each slab cut into thirds bottles of Gordon Biersch Märzen beer water

SAUCE ¼ c 1 large ¼ c 1 qt ¼ c ¼ c

1 bottle

oil onion chopped garlic BBQ sauce molasses pureed canned chipotle chilis Gordon Biersch Märzen

Makes about 6 cups

DIRECTIONS Place ribs in a large pot. Cover with 50/50 mixture of Gordon Biersch Märzen and water. Bring to a boil. Reduce heat

and simmer, uncovered, for 30 minutes.

Turn off heat and let ribs cool to warm temperature.

Meanwhile, in a large pot, sauté onions and garlic in oil until translucent.

Deglaze the pan with the bottle of Gordon Biersch Märzen. Stir in your favorite BBQ sauce, molasses and chipotle chilis (OR to taste – they’re hot!).

Heat to simmering. Simmer over low heat, uncovered, for 30 – 60 minutes.

When ribs are cool, drain off and discard liquid. In a large container, pour all BBQ sauce over ribs and marinate in fridge a couple of hours or overnight.

Grill ribs over high flame until the sauce has caramelized on the outside of the ribs. Dip in the BBQ sauce remaining in the container a couple of times while grilling. Total grilling time approx 5 minutes per side. Serve with additional sauce if desired.

Gordon Biersch 480.342.9860 | GordonBiersch.com

Event Calendar MAY | JUNE 2016 Schenepf Farms | May 14-22 Schnepffarms.com | 480.987.3100 The annual event features hay rides to the orchards, live music, train rides, carousel rides and more, peachy pancake breakfast, peachy sampling pavilion with food ranging from sweets to salsas, water activities, peachy arts and crafts booths, peach pies, and more.

Spring Arizona Restaurant Week Various Locations | May 20-29 ArizonaRestaurentWeek.com | 602.307.9134 Residents and visitors alike are encouraged to channel their inner foodie and make reservations at Arizona’s premiere restaurants. Participating restaurants are not only known for their exceptional cuisine, they also spare no expense to give diners an extraordinary atmosphere for a special night on the town.

Phoenix Comicon Phoenix Convention Center | June 2-5 PhoenixComicon.com Phoenix Comicon is the signature pop culture experience of the Southwest. It presents the chance for fans to meet with their favorite creators, actors, authors and get their autograph.

Comicon brings out the top comic book writers and artists in the industry, features many genres from pop culture and presents a full weekend of events and activities for you and your family.

Moon Over Buffalo Desert Stages Theatre | June 3-July 24 DesertStages.org | 480.483.1664 George and Charlotte Hay, traveling actors, are performing at theatre in Buffalo when George receives a very important phone call. Famous film director, Frank Capra, needs two stars to replace actors in his current film and he is interested in George and Charlotte! As the couple prepares to have Capra watch their show everything begins to fall apart. Will they get their shot at Hollywood?

Desert Botanical Garden Flashlight Tours Desert Botanical Garden | May 28- September 3 DBG.com | 480.941.1225 Thursday and Saturday nights, join in on something different. Flashlight tours are a sensory adventure where you will see, hear and feel the desert night.

The self-paced stroll along the main trail to more than 10 discovery stations. Don’t forget to bring your flashlight to see all the various discovery stations including the Desert Tortoise Discovery Station and Tarantula and Scorpion Discovery Station.

2016 Real Estate MARKET UPDATE

T

he 2016 housing market so far has been characterized by moderately rising prices in most cities, but the tight supply of homes on the market is the biggest factor holding the real estate sector back.

Moderately Rising Prices In 2015 home prices nationally rose 4%, compared to a 6.4% hike in 2014, according to Clear Capital, a provider of real estate data and analysis.

Economists forecast that home prices will rise at a more moderate level in 2016, at approximately 3%.

Tight Supply Tight supply has been the deterrent so far in 2016 for many home buyers, as well as for sellers who want to trade up. Nationwide, inventory has been around five months’ supply (the time it would take to sell the current number of homes for sale at the current pace). But in many cities inventory is much lower and strongly favors sellers.

G

princess (channel your inner Kate Middleton, the Duchess of Cambridge, for this look). For the men, it’s all about bright pants or blazers with coordinating bow ties and spiffy shoes. No color is too tropical or pastel. Some gentlemen also opt for lightweight fedoras or straw hats.

(The overall look is very Vineyard Vines, which is in fact the “official style” maker of the event.)

rab your mint julep, your brightest and biggest summer hat, and head off to the races. If you’re a fan of the equestrian lifestyle, May and June are the months you look forward to all year. It’s the start of the Triple Crown season, which includes the Kentucky Derby held at Churchill Downs on May 7; the Preakness Stakes, held at Pimlico Race Course in Baltimore on May 21; and the Belmont Stakes, held in Belmont Park on Long Island, New York, on June 11.

And with all the excitement last year with the Triple Crown winner American Pharoah, this year is sure to be more anticipated than ever before. After all, American Pharoah is only the 12th Triple Crown winner in the history of the races. The previous winner, Affirmed, was all the way back in 1978. Talk about a long drought!

Of course, with the thrill of the actual racing comes the excitement of the parties, the fashion, and the history that comes along with the Triple Crown. For women, it’s time to don your prettiest summer dress with a coordinating summer hat, or perhaps a fascinator fit for a

The Kentucky Derby—also known as “the run for the roses,” a nod to the garland of 400 red roses the winning horse wears—has historically been filled with socialites, celebrities, and politicians alike, which adds to the fun and excitement. Even if you’re not lucky enough to have a ticket to the race, it’s fun to throw a Derby party to kick off the season. Invite your friends and family to don their finest and head to your house for some mint juleps and fine southern foods (country ham & biscuits or bourbon balls, anyone?). So go ahead and mark your calendars for May 7, the kickoff of the 142nd annual Kentucky Derby in Louisville.

That’s when all the fun officially begins. Just don’t walk away from the flat screen too long— the actual race lasts for only two minutes!

Millennials Drive Demand Demand for housing continues to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases.

Two other demographics will also be strong buyers in 2016.

The Gen-X buyer is in their prime earning years and with their improved economic circumstances will want to move-up in terms of housing. Older boomers are approaching, or are already in retirement and seeking to downsize or lower their cost of living.

Together, these two generations will provide much of the suburban inventory that millennials desire.

Luxury Market Influences Interest from international buyers in U.S. luxury real estate could get a slight boost in 2016, as long as stock market volatility remains at bay.

Nela Richardson, chief economist at Redfin, said she expects strong sales in the luxury segment in 2016. “I think that sales will outpace the rest of the market, however, prices will slow significantly.”

Phoenix Market The Phoenix real estate market is also characterized by tight supply.

According to Michael Orr, director of the Center for Real Estate Theory and Practice “Our biggest problem is not having enough homes for the population that is growing fast again.”

But, 2016 is poised to be the best year for home sales and prices in the Valley in nearly a decade. March 2016 showed an increase in real estate prices by 8% year over year and Realtor.com is predicting the Phoenix area home values to boost by 9.5% overall.

REAL ESTATE

corner

IN GOOD TASTE

Schnepf Farms’ Peach Festival

Horses & High Stakes

Märzen BBQ Sauce Ribs RIBS 5 lbs

3 (12 oz)

4 ½ c

baby back pork ribs, each slab cut into thirds bottles of Gordon Biersch Märzen beer water

SAUCE ¼ c 1 large ¼ c 1 qt ¼ c ¼ c

1 bottle

oil onion chopped garlic BBQ sauce molasses pureed canned chipotle chilis Gordon Biersch Märzen

Makes about 6 cups

DIRECTIONS Place ribs in a large pot. Cover with 50/50 mixture of Gordon Biersch Märzen and water. Bring to a boil. Reduce heat

and simmer, uncovered, for 30 minutes.

Turn off heat and let ribs cool to warm temperature.

Meanwhile, in a large pot, sauté onions and garlic in oil until translucent.

Deglaze the pan with the bottle of Gordon Biersch Märzen. Stir in your favorite BBQ sauce, molasses and chipotle chilis (OR to taste – they’re hot!).

Heat to simmering. Simmer over low heat, uncovered, for 30 – 60 minutes.

When ribs are cool, drain off and discard liquid. In a large container, pour all BBQ sauce over ribs and marinate in fridge a couple of hours or overnight.

Grill ribs over high flame until the sauce has caramelized on the outside of the ribs. Dip in the BBQ sauce remaining in the container a couple of times while grilling. Total grilling time approx 5 minutes per side. Serve with additional sauce if desired.

Gordon Biersch 480.342.9860 | GordonBiersch.com

MIRABEL PROPERTY FeaturedFEATURED Mirabel Home

The Broker’s Corner

J U N E

Lot 171 | Beds | 4.5 Baths | 4,629 sq. ft. | $1,795,000

2016 started off on the slow side for real estate sales but has picked up momentum nicely in the last month or so. The chart at the bottom of this page shows sales activity in the 5 major golf communities in north Scottsdale, north of Pinnacle Peak Road. As you can see, Mirabel has 12 homes either closed or in escrow as of the writing of this article.

That number outpaces 2015 when only 10 homes sold all year. A rebound of the stock market after a shaky start to the year seems to be a contributing factor as well as the strengthening of the Canadian dollar.

Overall, Mirabel’s home sales for 2016 have outpaced all of the other competing golf communities as a percentage of total homes built. The issue moving forward will be a lack of inventory as we only have 12 homes actively for sale right now and one of them hasn’t even broken ground yet. Homesite sales on the other hand have not been as strong with only 2 sites selling so far this year. An oversupply of homesites for sale is partially to blame as there are currently 44 actively listed. As always, if you have any questions or want to discuss what your property is currently worth, don’t hesitate to give me a call. Until next time...

Bob Lomax

Owner/Designated Broker Mirabel Properties

BOB LOMAX

OWNER/DESIGNATED BROKER MIRABEL PROPERTIES

480.595.2545 OFFICE 480.595.9503 FAX 602.920.7192 MOBILE

The amazing design of this home takes advantage of the lot location and creates a super private resort like feel with the pool, spa and water features greeting you in the front courtyard as you enter through massive wooden gates. An automated pocket door opens the entire great room and kitchen to the tropical front courtyard blurring the lines between inside spaces and outdoor living. The home has beautiful sunset views from an elevated patio in the courtyard complete with large fireplace and built-in barbecue island. Lots of texture inside the home with stone floors, wood beams, large stone fireplaces and rich built in custom cabinetry everywhere. The separate casita is across the pool and faces into the front courtyard. A great price for this quality of home in Mirabel.

Total in Community

Desert Highlands Estancia Whisper Rock Desert Mountain Mirabel Total

560 188 112 1790 198 2848

Total in Community

Desert Highlands Estancia Whisper Rock Desert Mountain Mirabel Total

40 54 102 530 138 864

HOMES

Available Pending Sold

43 34 22 211 12 322

Total Pending/Sold % of Total

4 11 2 2 0 2 14 39 6 6 26 60

HOMESITES

Available Pending Sold

15 4 2 53 12 86

3% 2% 2% 3% 6% 3%

Total Pending/Sold % of Total

9 1 1 15 3 0 20 1 3 136 4 12 44 0 2 224 9 18

2 3 4 16 2 27

5% 6% 4% 3% 1% 3%

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

www.mirabel.com

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

M AY

|

MIRAB

2 0 1 6

LIFESTYLE

Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

The Mane Event Off to the Races!

Supply & Demand

2016 Real Estate Market Update

Gordon Biersch’s Märzen BBQ Sauce Ribs

Featured Home Presented By Bob Lomax