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NEWSLETTER 2009 Nr. 7 (previous editions available online at www.jalousie-enclave.lc) WE HAVE ADDED NEW CONTENT TO OUR WEBSITE, CHECK US OUT!

October 21, 2009 The Jalousie Enclave adds a One Bedroom “Deluxe” Villa Design to it’s offering. The Jalousie Enclave commissioned it’s architect, Jerry N. Phulchere, to design a one bedroom villa, giving clients more options for their vacation/ retirement paradise home. The design includes a complete 2nd bathroom and separate laundrey room. The one bedroom Villa is 1,797 sq ft under roof on a 3,000 sq ft footprint, compared to 2,795 sq ft for the two bedroom villa. See pages 4 and 5 for new plan details. Prior to construction the Villa Roya offers some flexibility in it’s design.

Inside this issue: New Clubhouse Design Progress ... 2 Clubhouse Layout …………...…... 2 One Bedroom layout ...……...…... 4 Villa Gem Design by John DiPol .... 6 The rational behind Branding …... 9 Deferred Taxes Choice .......….… 10

The Jalousie Enclave Clubhouse The Jalousie Enclave presents it’s Clubhouse, designed by Jerry N. Phulchere. Of the three designs submitted by other architects, Pascal Mahvi felt Jerry kept in mind the nature and rich St. Lucian influences. See pages 2 and 3 for new plan details. 3D Clubhouse unveiling in our next newsletter on November 21st.

IRS 1031 Program …………..… 10 Buyback Program …………….... 11 The Jalousie Enclaves’ …………. 11 Selling Model Better than Fractional Economics Investment Comparison Chart .…. 12 Facts to Remember………...…….13 About St. Lucia

VILLA BUYBACK PROGRAM TO END ON NOVEMBER 30, 2009

Buy now while you can benefit from a lower pre-construction purchase program. This is an outstanding opportunity to be guaranteed a return on your investment. Once construction starts, the program will end. See page 11 for the details of this once in a lifetime investment bonanza.

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The Jalousie Enclave Clubhouse Concept in transition Step One - Let your emotions lead the way

The Jalousie enclave will unveil the final 3D design of our Clubhouse in our next Newsletter on November 20th. The wait will be worth the results. Jeremiah Phulchere has worked closely with us to evolve a truly magnificent centerpiece design for our Jalousie Enclave.

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The Jalousie Enclave Clubhouse Fine tuning the design process Step Two - Steering those emotions towards reality.

1-Port Cochere 2-Reception 3-Concierge 4-Boutique 5-Water Feature 6-Bar 7-Wine Cellar 8-Grill 9-Restaurant 10-Fine Dinning 11-Kitchen 12-Administration 13-Restroom male 14-Restroom female 15-Loading bay 16-Service lift 17-Service yard 18-Greenroof

UPPER FLOOR LEVEL

1-Stairs 2-Game & Computer Room 3-Easy sitting 4-Sunbathing Deck 5-Pool 6-Pool 7-Hot Pool 8-Dry Bar 9-Bar 10-Change room male 11-Change room female 12-Service lift 13-Cold Storage 14-Dry Storage 15-Staff change room 16-Staff change room 17-Open Courtyard 18-Staff Canteen 19-Administration

LOWER FLOOR LEVEL 3 www.jalousie-enclave.lc


The Jalousie Enclave One Bedroom Villa VILLA ROYA

One Bedroom - Two Bathroom estimated1,797 Square Feet Covered Area estimated1,566 Square Feet Uncovered Area

Home Highlights Bedroom Signature king bed set with custom Headboard and bed bench Slip covered chair with ottoman Leather top desk and desk chair Plasma TV and DVD/CD player One line telephone and wireless internet His and Her fitted cedar closets Hardwood floors with area rugs Timber tray ceilings with overhead fan Adjoining covered verandah with Tropical Teak floor

Bedroom Bathroom Glass-enclosed natural stone body shower Sunken deep-soaking tub with body jets W.C. and bidet in separate room Double natural stone vanity Coral stone floor and wall tiles Kohler bath fixtures and Dornbracht accessories Make up mirror and hairdryer Egyptian luxury cotton robes and towels Luxury toiletries and vanity accessories

Hall Bathroom Glass-Door natural stone shower Single natural stone vanity Coral stone floor and wall tiles Kohler bath fixtures and Dornbracht accessories Make up mirror and hairdryer cotton towels Luxury toiletries and vanity accessories

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Entryway: Entry foyer with intercom Coral stone floor with marble highlights Key table with antique mirror Powder room with enclosed W.C.


The Jalousie Enclave One Bedroom Villa VILLA ROYA

Home Highlights Living and Dining Room: Coral stone floor T&G timber tray ceiling Dining table for six Comfortable slip covered loveseat and occasional chairs Plasma TV with Bose entertainment center Coffee table Large sisal area rug One line telephone and wireless internet Louvered and glass doors join living room to large outdoor verandah and deck

Kitchen: Fully equipped with cookware, accessories and table linens Tableware to serve six Natural stone countertops Miel Profile dishwasher, double-door refrigerator and oven/stovetop Miel Garbage disposal and extract hood Buffet counter with stools Coral stone floor Indirect lighting Miel Stacked washer/dryer Ironing board, iron and linen basket Small Wine Cellar

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Side Deck and Front Verandah: Causal dining/games table for six Wet bar and built in ele. BBQ Chaise lounges Covered pergola over BBQ area Sets of louvered and glass doors join terrace to living room and rooms Negative edge pool Tropical teak timber flooring


The Jalousie Enclave DiPol Custom Home In honor of John DiPol, The Jalousie Enclave will build it’s first Custom Home, a DiPol design, in his honor.

“RESERVE your place in heaven while you can” John DiPol, an American designer, built Ladera Resort in 1968 on the ridge of Jalousie Enclave. His dream when he arrived to the island by boat, was to build a small hotel but never in his wildest dreams had he expected to find such an idyllic spot. The ridge originally belonged to a St. Lucian estate owner who didn’t mind getting rid of it since it was separated from the original estate by a public road. Dipol ascended the ridge to find one of the most amazing views imaginable. The volcanic twin peaks the Pitons jutted out of the coastline, and a cool breeze blew constantly from the east. With foresight and imagination, DiPol proceeded to build one of the most interesting resorts in the Caribbean. His architectural vision, a condominium concept, was based on the old brick army barracks situated in Castries, the island’s capital. The resort was originally named Dasheen (a local root vegetable) because the ridge had previously been an old dasheen plantation. With little disturbance to the natural environment, the ‘Dream TreeHouses’ were born. Every villa enjoys a panoramic, breathtaking view. Whether you’re lounging on the veranda, lying on your handcrafted four-poster bed, or taking a shower, nature surrounds you. There are very few places in the world that can match this experience; very few places where one can feel completely detached from all of life’s demands. As you enter these amazing villas, you can feel your muscles involuntarily relaxing. The current DiPol design below measures 2,626 SqFt under roof and could be constructed and furnished for an estimated $2,000,000.

Birds Nest Lookout

Entrance Elevation 6 www.jalousie-enclave.lc


The Jalousie Enclave DiPol Custom Home

First Floor

Birds Nest Lookout

Second Floor Master 7 www.jalousie-enclave.lc


The Jalousie Enclave DiPol Custom Home

Ground Floor (optional) LIVING AND DINING ROOM Post and beam construction with integral walls and flooring of tropical hardwoods. Finishes are in natural satin oiled and polished. Open wall concept with an unobstructed view of the sea over the wrap around infinity pool (infinity pool can be expanded to accommodate wish-list). Retractable security shutters that open and close. Furnitures a mixture of colonial reproductions and locally made pieces in exotic woods or wicker. Furnishings to include sofa, lounge chairs, dining table, cocktail and end tables. All upholstery fabrics, rugs, artwork, lamps and accessories are selected for both design and durability. Lighting incandescent and low voltage halogen. Ceiling fans by Hunter with palm leaf blades. Entertainment center with Plasma TV and sound system. Two line telephone and wireless internet . KITCHEN Commercial grade gas or electric stove with oven and extractor hood. Double door refrigerator with wood finish. Retro style porcelain sink with disposal and quality mixer. Cabinets of wood with hand carvings and hidden hinges. Buffet counter with stools. Walls and counter tops ceramic tile in mosaic patterns. Flooring Local stone. Service for 12 silverware, linens, accessories, cookware, glassware and utensils. Indirect and Halogen lighting. Ceiling fan by Hunter with palm leaf blades. MASTER BED AND BATH Custom made King size four poster bed with carved head board. Night tables and lamps. Lounge furniture of wood and wicker. Custom made clothes armoire/dresser. Ceiling fan by Hunter with palm leaf blades. Custom made bathroom cabinets, racks and shelves of local woods with carving. Earthenware sink bowls with antiqued finished mixers. Claw foot bathtub and shower. Bathroom flooring and walls ceramic tile with custom mosaic designs. Bedspread, linens, towels and accessories. Two line telephone and wireless internet GUEST BED AND BATH Private plunge pool with in pool hot tub. Earthenware sink bowls with antiqued finished mixers. Circular stone shower open at top with rain shower head. Custom made King size four poster bed with carved head board. Night tables and lamps. Custom made clothes armoire/dresser. Custom made bathroom cabinets, racks and shelves of local woods with carving. Bathroom flooring and walls ceramic tile with custom mosaic designs. Bedspread, linens, towels and accessories. Patio and deck furniture. Ceiling fan by hunter with palm leaf blades. Two line telephone and wireless internet.

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Buy St. Lucian property now, for it is sure to appreciate in value 9 www.jalousie-enclave.lc


DOLLARS SAVED & DEFFERED TAXES Stock Market shocks and alternative investments. Own Real Estate as timely choice. $$$ Consider that Yale University and other major endowments have successfully outperformed in part to a strategy of using non-correlated investments. This means that Self-Directing your IRA to a number of choices outside the stock and bond markets have cushioned the fallout in those markets. The use of alternative investments, real estate, timberlands, private equity and other choices make up the large part of the investment pool. Individuals can self direct IRA investments in these alternative choices as well. The retirement guidelines have permitted these choices from the beginning. Conventional wisdom by the public was the only choices were those offered by the banks, brokerage firms and insurance companies. Choices appeared to be broad and endless. Yet very little mention of the other choices. investors choices.

Transparency was not an issue.

Marketing was the influence over most

Opportunity today in other choices to diversify is more apparent today then ever. Investing in Real Estate, owned by your self-directed IRA or retirement account, opens another world of choice and opportunity to own property in a World Heritage site in St. Lucia. Investors can take advantage of a timely choice of owning a piece of paradise in their self directed retirement account. You could invest a portion of your IRA with up to four other partners in a Villa as an investment alternative and defer your taxes by renting your partner’s share in the villa. For more information contact Jesse Berencse at The Jalousie Enclave: jesse@jalousie.lc .

IRS 1031 Program For US Residents: In the process of selling an investment property outside of the United States? Why not defer your capital gains taxes by exchanging into one of the Jalousie Enclave's one of a kind properties. Find out more how your purchase can help secure your place in paradise and be eligible for taking advantage of IRS 1031 Foreign Exchange provisions. Alternatively, you could invest a portion of your IRA with up to four other partners in a Villa as an investment alternative and defer your taxes by renting your partner’s share in the villa. Why not talk to us and find out how to use The 1031 Program to get a vacation home with partners? For more information contact Arron Snyder at: snyderap1@gmail.com 

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BUY BACK PROGRAM The Jalousie Enclave Acquisition Model Provides Better Economics and Profit than the Traditional “Fractional Purchase”. Buyers can take advantage of the IRS 1031 Foreign Exchange program or provisions of the Self-Directed IRA investment properties code, see page six. The Jalousie Enclave Selling model provides owners with options. owners have the option to rent or re-sell with no restrictions.

The Jalousie Enclave properties are sold freehold and

Other second home properties limit how long residents can stay in their homes. The Jalousie Enclave, being a full time residency community, allows owners the option to stay for as long as they would like and rent when they are absent. Every investor in this residential community is provided Deeded Access to Sugar Beach on Jalousie Bay. Sugar Beach is part of The Tides Resort (a KOR property) which Mr. Mahvi built between 1989 and 1992. The current owner of Tides, Roger Myers is currently spending US$100 million in the resort’s face life, making The Jalousie Enclave the most desirable place in the West Indies to own a vacation home. As an added benefit, The Jalousie Enclave announced its guaranteed buyback program for the first 4 Villas sold. This program will end on November 30, 2009. The first 2 Villa units sold, (Units 1 & 2), comes with a guaranteed buy back at the original price paid for the sold unit PLUS 10% of the purchase price for each year of ownership up to the first 5 years. The second 2 Villa units sold, (Units 3 & 4), comes with a guaranteed buy back at the original purchase paid PLUS 10% of the purchase price for each year of ownership up to the first 3 years.

The guaranteed buyback is as follows: After Year 1 of ownership = $2,200,000 After Year 2 of ownership = $2,400,000 After Year 3 of ownership = $2,600,000 After Year 4 of ownership = $2,800,000 After Year 5 of ownership = $3,000,000

The 5th (and subsequent) Enclave Villa will go on the market at $2,750,000, inclusive of Furniture, Equipment and land. What does this mean to buyers? As custom home lots are sold, the current established value of $34.44 / SF will increase. Thus the owners of villa #1 - #4 not only: 1-Have the guaranteed buy-back program as an exit strategy, but also 2-Villa #5 and subsequent will be re-priced at $2,750,000 (therefore a $750,000 increase this year) 3-Real Estate price of Villas 1-4 will enhance the villa’s value.

Property Management provides turnkey maintenance and staffing of trained butlers, maids and cooks for each residence. Office services will also be offered and an on-site representative will be available to oversee the lease of a purchased property for its owner. Should owners like to rent their villas / home, The Jalousie Enclave team will also be there to support and guide the owners through the process.

 

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Compare a 1 and 5 year investment of Freehold vs. Fractional ownership:

 Investment Comparison Chart    One Year Investment  

Five Year Investment 

  

 Freehold  

 Fractional  

  

 Freehold  

 Fractional  

 2,795sq ft  

 1,500 sq ft  

Villa Size 

 2,795sq ft  

 1,500 sq ft  

 Two  

 Two  

Bedrooms 

 Two  

 Two  

2,000,000 

1,500,000 

Price 

2,000,000 

1,500,000 

337 

337 

Rental Days 

337 

337 

1,000 

1,000 

Amount 

1,000 

1,000 

50% 

6% 

Return 

50% 

6% 

60% 

60% 

Occupancy 

60% 

60% 

  

  

  

  

  

$202,200  

$202,200  

Rental Income 

$1,011,000  

$1,011,000  

$101,100  

$90,000  

Owner Share 

$505,500  

$180,000  

  

  

$1,600,000 

$1,200,000 

Finance 80% 

$1,600,000 

$1,200,000 

  

  

20 year Term 6% 

  

  

$11,462 

$8,597 

Payment 

$11,462 

$8,597 

$137,544 

$103,164 

  

$687,720 

$515,820 

  

  

  

  

  

  

  

Period Cost 

  

  

‐$36,444 

‐$13,164 

  

‐$182,220 

‐$335,820 

  

  

5% 

  

  

$100,000 

$75,000 

Appreciation 

$500,000 

$375,000 

  

  

   $63,556 

   $61,836 

Profit 

  

  

  

   $317,780 

$39,180 

                  Up to November 30, 2009  The Jalousie Enclave has a Guaranteed Buy Back Program of sales price plus 10% p.a.  

It’s easy to see why a 5 year investment under a Freehold Agreement giving a $317,780 profit is better than a 5 year investment under a Fractional Agreement giving only a $39,180 profit.

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Facts to Remember About St. Lucia and The Jalousie Enclave History: Throughout the 17th and early 18th centuries St. Lucia was both a French and British province. St. Lucia became self governing on March 1, 1967 and gained independence from England on February 22, 1979. The island celebrates their independence and entry into the Commonwealth of Nations every year with a public holiday. * Location: St. Lucia is part of the Lesser Antilles, in the Caribbean Sea. Neighbors include Martinique to the north and St. Vincent to the South. * Geography: The Piton Mountains are St. Lucia’s most famous landmark. Located on the western side of the island between Soufriere and Choiseul, the Pitons 2,600 foot twin coastal peaks are a striking visual for one of the most carefully preserved natural environments in the world. In the mountainous interior lies St. Lucia’s 19,000-acre Tropical Forest, where wild orchids, giant ferns, and birds of paradise flourish. The Tropical Forest is also home to endangered tropical birds including species such as the indigenous St. Lucia parrot. Twenty-nine miles of trails wind through the Tropical Forest and surrounding orchards of banana, coconut, mango, and papaya trees. * Population: 170,000 - Size: 238 Sq. Miles - Official Languages: English, French Patois * The Jalousie Enclave is a full residency planned gated development in the heart of St. Lucia’s UNESCO World Heritage Site. * The Jalousie Enclave is the ONLY Full Residency gated community next to KOR’s newest branded resort, The Tides on Sugar Beach. * The Jalousie Enclave is the ONLY Full Residency gated community at the base of the Petit Piton, St. Lucia’s national symbol. * Height of Petit Piton 2438 ft, Gross Piton 2618 ft on the Caribbean Sea. * Each homeowner of The Jalousie Enclave has deeded access to the Sugar Beach at Tides Resort. * The Jalousie Enclave site is 196 acres, of which 100 acres will be developed, leaving the balance as a green barrier. * The Tides on Sugar Beach (the old Jalousie Plantation Resort ) is on 129 acres (originally built by the developers of the Tides on Sugar Beach. * Traveling to St. Lucia: New York, Atlanta and Charlotte - 4 hours; Miami - 3.5 hours; Toronto & Montréal - 5 hours; London - 8 hours; Barbados-30 min.; San Juan 45 min.; Trinidad—1.5 hours. St. Lucia is served by: Virgin Atlantic, British Airways, American Airlines, Delta Airlines, Air Canada, US Air & LIAT Airlines, and Jet Blue. Condor will soon start service from Germany. * Roebuck International is building the 250 room Ritz Carlton hotel, located approximately 30 min from The Jalousie Enclave. The project is to start in 60 days. * The fishing village of Soufriere, is located within the World Heritage Site, the center of all St. Lucian tourist activities.

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Newsletter - Nr 07