DECEMBER
2018
ISSUE
GUNKEL NEWS The
Gunkel
Real
Estate
Team
RE/MAX Fine Properties I n s i d e
t h e
I s s u e :
DECEMBER EVENTS
CHRISTMAS CRAFT
COOKIE RECIPE
BUYING REAL ESTATE ABOUT THE GUNKELS WITH CRYPTOCURRENCY
FEATURED LISTING: FOR SALE McDowell
Mountain
Ranch-
Scottsdale,
Arizona
Beautiful family hom ein McDowell Mountain Ranch. 3 bedroom, 2 bath with lots of natural lighting. Brand new carpet and tile, fresh paint and fixtures throughout. Split floor plan. Double car garage with gorgeous backyard that backs up to natural open space.
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REAL ESTATE ON THE BLOCKCHAIN: THE FUTURE OF REAL ESTATE
Courtsey of Harbor
In the first offering of its kind, U.S. investors can now acquire a piece of South Carolina real estate in the form of blockchain tokens. The tokens represent ownership in a luxury student residence called The Hub, pictured above, which is located near the University of South Carolina in the state’s capital. The offering is significant because it amounts to the first tokenized REIT in the U.S. This means the owner, Convexity Properties, is providing a traditional real estate investment but one that uses blockchain—a tamper proof ledger technology run across disparate computers—to parcel out stakes. Convexity Properties, which aims to raise $20 million with the token sale, will let accredited investors buy in for as little as $21,000. The buyers will receive tokens that amount to securities, which they will eventually be able to sell on cryptocurrency exchanges. According to Josh Stein, who is the CEO of a company called Harbor that designs the real estate tokens, the blockchain process is superior because it has fewer transaction costs—such as lawyers’ fees—than traditional property sales. page 2
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REAL ESTATE ON THE BLOCKCHAIN: “Think of it like the transition from snail mail to email that occurred in offices in the 1990s. The content was the same but the digital format made it faster, cheaper, and easier to send,” he said. Stein added that the student resident deal is intended to be a template for many other future blockchain real estate sales. He believes the blockchain element will make real estate a far more liquid market, allowing investors to purchase parts of buildings with the same ease as they now buy stocks online. Don Wilson, the CEO of Convexity Properties’s parent company DRW, said the firm chose the student residence as its first blockchain offering because it is an easy to understand investment. He says tokens in The Hub will come with a right to receive a 5% dividend. While the real estate offering uses the same blockchain technology that underpins cryptocurrencies like Bitcoin, the tokens cannot be bought and sold as freely. That’s because Harbor has added layers of code to the tokens to ensure any transactions comply with know-your-customer laws and other such regulations. This process represents a concept known as “programmable assets” and, in practice, means that the software will refuse any sale that seeks to transfer the real estate token to a disqualified individual. The student residence offering is not technically the country’s first blockchain real estate sale. Earlier this summer, the luxury St. Regis hotel in Aspen, Colorado, announced a plan to sell real estate tokens in partnership with the crowdfunding site Indiegogo. Stein says the residence offering is different, however, because it is the first institutional-grade offering available to any accredited investor. Stein also predicts these offerings are just a start, and that all sorts of properties will soon be available in the form of blockchain tokens. “It’s an exciting beginning but think about when there’s a bunch of these. You could create a fund for a series of Class A office buildings, or go long or short on different neighborhoods,” he said. (Roberts, J 2018, Fortune Magazine)
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CAKE MIX CHOCOLATE CHIP HOLIDAY COOKIES Ingredients: 1 box white cake mix 2 large egg whites 2 tbs. flour 1/2 cup oil 3/4 cup chocolate chips
Makes Approximately 2 dozen cookies!
Extra chocolate chips 1/4 colored holiday sprinkles
Directions: Preheat the oven to 350 degrees. Combine the cake mix, egg whites, flour, and oil. Mix well, then add in 3/4 cup of chocolate chips. Roll the cookie dough into 1-2" size balls and place 2-3" a part on your baking sheets. Gently press down on the cookie dough balls, place a few extra chocolate chips and sprinkles on top. Place in the oven and bake 8-10 minutes.
Get Creative! Use different colored sprinkles!
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EVENTS AROUND THE VALLEY
Illumination - Tempe Date: Throughout the entire month Time: Varies by day Where: Tempe Diablo Stadium 2200 West Alameda Drive
Ice Queen & Ice Princess -Zoo Lights When: 12/5/2018 & 12/12/18 Time: 6:00 pm-9:00 pm Where: Phoenix Zoo Cost: Varies-See Phoenix Zoo website
Tempe, AZ 85282
Cost: $29.95- $65.00 per Vehicle Illumination - North Phoenix Date: Throughout the entire month Time: Varies by day Where: 27701 N. Black Canyon Phoenix, AZ 85085
Cost: $29.95- $65.00 per Vehicle Christmas at The Princess Date: Throughout the entire month Time: Event times vary Where: Fairmont Scottsdale Princess Cost: Varies- See hotel website Footprints on the Desert Date: Daily throughout the month Time: 10:00 pm- 5:00 pm Where: OdySea of the Desert Cost: Free McDonald's Rock 'n Roll Car Show When: Every weekend through 12/28 Time: 4:00-8:00 p.m. Where: The Pavilions Shopping Center 8800-9199 E. Talking Stick Way Scottsdale, AZ 85250
Cost: Free
Member Santa Breakfast Date: 12/15/2018 Time: 9:00 a.m.- 11:00 a.m. Where: Phoenix Zoo Cost: $18 – Adults | $14 – Children 2 and younger are free.
*Members Only Disney Mary Poppins When: Daily through 12/23 Time: 2:00 pm & 7:30 pm Where: 7014 East Camelback Road, Suite 0586 Scottsdale, AZ 85251 Cost: $17 per person A Christmas Story the Play When: Fridays & Saturdays through 12/23
Time: 7:30 pm Where: 7014 East Camelback Road, Suite 0586 Scottsdale, AZ 85251
Cost: $22-$28 per person Polar Express When: Throughout the entire month Time: Train departs at 5:30 & 7:30p.m. Where: Grand Canyon Railway 233 N. Grand Canyon Blvd. Williams, AZ 86046
Cost: Varies- See Website
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CINNAMON STICK ORNAMENTS Supplies: Long cinnamon sticks Assortment of ribbon Scissors Glue Gun Spray Startch Twine
Step 1. Start by cutting pieces of ribbon in lengths of 9-10 inches. You will need six for each ornament and a little extra for the ribbon at the top.
Step 2. Tie 6 pieces of ribbon around your cinnamon stick Step 3. Spray ribbon with spray, Iron ribbon strips to help them be stiff and stand out nicely. If you have any kind of plastic or rubber embellishments on your ribbon, be very careful when ironing so they don’t melt.
Step 4. Start from the end that you want the top and cut down towards the “bottom” of the tree at a diagonal making the ribbon longer at the bottom. This makes it so much easier than tying a tiny little piece of ribbon at the top. Repeat on the other side.
Step 5. Next, with your scissors, start from the end that you want the top and cut down towards the “bottom” of the tree at a diagonal making the ribbon longer at the bottom. This makes it so much easier than tying a tiny little piece of ribbon at the top. Repeat on the other side.
Step 6. Cut out the desired length of twine for your hanger. Place a dollop of glue at the “top” of your tree and secure the ends of your twine to the cinnamon stick.
Step 7. Tie a small bow with the desired color of ribbon and glue over the bottom of the twine pieces to cover.
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THE GUNKEL TEAM With their specialization in the property management industry, Ed, Loanne and Lindsey are an invaluable asset to their investors. Their clients are able to benefit from their 50 plus years of experience in Investment Services in the Greater Phoenix Area. They provide a unique skill set to the local industry, while maintaining exceptional service and class.
Prior to each real estate purchase the team provides a comprehensive market analysis, showing which options will best suit the buyers long term real estate goals. After purchasing the property, they will develop a strategic marketing plan to help each property reach its full potential.
The Gunkels take great pride in ensuring each and every client gets the professional attention they deserve.
"When our clients prosper, we prosper" - Loanne Gunkel
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