Santa Fe Real Estate Guide February 2014

Santa Fe Real Estate Guide

February 2 014

A Cerros Colorados standout The residential market

form & function

form & function

191 B&C TESUQUE VILLAGE RD. Two condos. Purchase together: MLS #201304181, $710,000 or separately: Unit B, MLS #201306041, $265,000; Unit C, MLS #201306042, $445,000

191 B&C TESUQUE VILLAGE RD. Two condos. Purchase together: MLS #201304181, $710,000 or separately: Unit B, MLS #201306041, $265,000; Unit C, MLS #201306042, $445,000

49 CALLE SAN MARTIN. 3 bedrooms, 5 bathrooms, 4,500 sq. ft. main house; 1,120 sq.ft. guest house/studio, pool and garage on 5 acres. MLS #201303580 $1,395,000

49 CALLE SAN MARTIN. 3 bedrooms, 5 bathrooms, 4,500 sq. ft. main house; 1,120 sq.ft. guest house/studio, pool and garage on 5 acres. MLS #201303580 $1,395,000

750 CALLE DEL RESPLANDOR. 4 bedroom, two-story condominium in Los Miradores with huge windows, large yard, mature trees and roofed pergola. MLS #201304831 $985,000

750 CALLE DEL RESPLANDOR. 4 bedroom, two-story condominium in Los Miradores with huge windows, large yard, mature trees and roofed pergola. MLS #201304831 $985,000

expect more.

433 W. San Francisco Street, Santa Fe, NM 87501 t e l : 5 0 5.9 8 9. 77 4 1 • w w w. d r e s f . c o m

expect more.

433 W. San Francisco Street, Santa Fe, NM 87501 t e l : 5 0 5.9 8 9. 77 4 1 • w w w. d r e s f . c o m

A Full Service Real Estate Brokerage

A Full Service Real Estate Brokerage

RayRay Rush Ray Rush and Ray Rush and Tim Rush and Tim Van and Tim Van Camp—know Tim Van Camp—know Van Camp—know Camp—know Santa Santa Fe. Santa They Fe. Santa They Fe.are They Fe.are consistently They are consistently are consistently consistently among among among theamong the topthe top producing the top producing top producing producing agents—year agents—year agents—year agents—year in, year in, year in, out. year in, out.

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Brownell Brownell Brownell Brownell Howland Howland Howland Howland Self-ASSured, Self-ASSured, Self-ASSured, Self-ASSured, SopHiSticAted SopHiSticAted SopHiSticAted SopHiSticAted living living living living Brownell Brownell Howland Howland Self-ASSured, Self-ASSured, SopHiSticAted SopHiSticAted FromFrom its From regal its From regal 1.5-acre its regal 1.5-acre its regal perch 1.5-acre perch 1.5-acre atop perch atop a perch hillatop ajust hillatop anorth just hillliving anorth just hill of north just ofliving north of of SantaSanta Fe,Santa this Fe,Santa magnificent this Fe, magnificent this Fe, magnificent thisprivate magnificent private enclave private enclave private enjoys enclave enjoys enclave a draenjoys a draenjoys a draa draFrom its From regal 1.5-acre its regal perch 1.5-acre atop perch a hill atop just a north hill just of north matically matically matically sweeping matically sweeping sweeping view sweeping view thatview that encompasses view that encompasses that encompasses encompasses mountains mountains mountains tomountains to toof to Santa Fe,west Santa thiswest magnificent Fe, this magnificent private enclave private enjoys enclave draenjoys drathe west the west the and the south. and south. and Architect south. and Architect south.

Architect John Architect John Midyette John Midyette John Midyette and Midyette builder and abuilder and builder and abuilder matically matically sweeping sweeping view that view encompasses that encompasses mountains mountains to to JohnJohn WolfJohn Wolf created John Wolf created Wolf an created inspired an created inspired an adobe inspired an adobe inspired residence adobe residence adobe residence that, residence that, while that, while that, whilewhile the west the and west south. and south.

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A comfortable tile.

A comfortable oneoneaccess access is access sited is access sited just is sited on just is the sited on justother the on justother the on side other the side of other one-and side of one-and side of one-and two-car of one-and two-car two-car two-car bedroom bedroom guesthouse guesthouse with awalled, fullwith kitchen, awalled, full portal, kitchen, and portal, poolsecured and pool garages. garages.

The garages.

The grounds—fully garages.

The grounds—fully The grounds—fully grounds—fully walled, fenced, walled, fenced, and fenced, secured and fenced, secured and secured and access is access sited just is sited on the just other on the side other of one-and side of one-and two-car two-car behind behind a behind stately a behind stately gate—are a stately gate—are a stately gate—are strewn gate—are strewn with strewn with mature strewn with mature high-desert with mature high-desert mature high-desert high-desert garages.

The garages. walled, walled, and fenced, secured and foliage. foliage.

4foliage. bedrooms, 4foliage. bedrooms, 4 grounds—fully bedrooms, 4 The bedrooms, full,4 grounds—fully 1full, three-quarter 4 1full, three-quarter 4 1full, three-quarter 1fenced, three-quarter and 2and half2and half2and half2secured half behind a behind stately gate—are a stately gate—are strewn with strewn mature with high-desert mature high-desert bathsbaths with baths with a total baths with a total ofwith a8,364 total ofa8,364 total of sq 8,364 ftof sq on8,364 ft1.5 sq onftacres 1.5 sq onftacres 1.5 onacres 1.5 acres foliage. 4foliage. bedrooms, 4 bedrooms, 4 full, 1 three-quarter 4 full, 1 three-quarter and 2 halfand 2 half $4,000,000 $4,000,000 $4,000,000 MLS $4,000,000 MLS #807215 MLS #807215 MLS #807215 #807215 baths with baths a total withofa8,364 total of sq 8,364 ft on 1.5 sq ftacres on 1.5 acres

$4,000,000 $4,000,000 MLS #807215 MLS #807215

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fABulouS fABulouS fABulouS fABulouS indoor-outdoor indoor-outdoor indoor-outdoor indoor-outdoor living living living living Modern Modern Modern lAS Modern lAS cAMpAnAS lAS cAMpAnAS lAS cAMpAnAS cAMpAnAS eStAte eStAte eStAte eStAte

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4 Bedrooms, 4 Bedrooms, 4 Bedrooms, 47 Bedrooms, Baths, 7 Baths, a7 total Baths, a7 total Baths, ofa6,500 total ofa6,500 total of sq 6,500 ftof sq on6,500 ftsq onftsq onft on 5 Bedrooms, 5 Bedrooms, 5 Bedrooms, 56 Bedrooms, Baths, 6 Baths, a6 total Baths, a6 total Baths, ofa6,000 total ofa6,000 total of sq 6,000 ftof sq on6,000 ftsq onftsq onft on4 Bedrooms, 4 Bedrooms, 4 Bedrooms, 46 Bedrooms, Baths, 6 Baths, a6 total Baths, a6 total Baths, ofa8,600 total ofa8,600 total of sq 8,600 ftof sq on8,600 ftsq onftsq onft on fABulouS fABulouS indoor-outdoor indoor-outdoor livinglivingModern truly truly unique unique deSign deSign Modern lAS cAMpAnAS lAS cAMpAnAS eStAteeStAte 2.4262.426 acres 2.426 acres 2.426 acresacres 2.66 2.66 acres 2.66 acres 2.66 acresacres 13.986 13.986 acres 13.986 acres 13.986 acresacres 4 Bedrooms, 4 Bedrooms, 7 Baths, a7 total Baths,ofa6,500 total of sq 6,500 ft on sq ft on 5 Bedrooms, 5 Bedrooms, 6 Baths, a6 total Baths,ofa6,000 total of sq 6,000 ft on sq ft on 4 Bedrooms, 4 Bedrooms, 6 Baths, a6 total Baths,ofa8,600 total of sq 8,600 ft on sq ft on $3,900,000 $3,900,000 $3,900,000 MLS $3,900,000 MLS #201302449 MLS #201302449 MLS #201302449 #201302449 $2,785,000 $2,785,000 $2,785,000 MLS $2,785,000 MLS #201304361 MLS #201304361 MLS #201304361 #201304361 $1,950,000 $1,950,000 $1,950,000 MLS $1,950,000 MLS #201304950 MLS #201304950 MLS #201304950 #201304950 2.426 acres 2.426 acres 2.66 acres 2.66 acres 13.986 acres 13.986 acres $3,900,000 $3,900,000 MLS #201302449 MLS #201302449

RAYRAY RUSH RAY RUSH RAY RUSH RUSH

$2,785,000 $2,785,000 MLS #201304361 MLS #201304361

TIMTIM VAN TIM VAN CAMP TIM VAN CAMP VAN CAMP CAMP

$1,950,000 $1,950,000 MLS #201304950 MLS #201304950

505.984.5141 505.984.5141 505.984.5141 505.984.5141 cell 505.660.3353 cell 505.660.3353 cell 505.660.3353 cell 505.660.3353 JOHN RIGATTI JOHN RIGATTI john@knowingsantafe.com john@knowingsantafe.com john@knowingsantafe.com john@knowingsantafe.com 505.984.5141 505.984.5141 cell 505.660.3353 cell 505.660.3353 john@knowingsantafe.com john@knowingsantafe.com

east Palace 417 east Palace 417 avenue east Palace avenue Palace avenue 505.982.6207 i avenue 505.982.6207 505.982.6207 i 505.982.6207 Grant 326 avenue Grant iiavenue 505.988.2533 ii 505.988.2533

hebyshomes.com/santafe homes.com/santafe sothebyshomes.com/santafe sothebyshomes.com/santafe WashinGton 231 WashinGton avenue i avenue 505.988.8088 i 505.988.8088

knowingsantafe.com knowingsantafe.com knowingsantafe.com knowingsantafe.com knowingsantafe.com knowingsantafe.com

hebyshomes.com/santafe sothebyshomes.com/santafe

rated by sotheby’ operated s international by sotheby’srealty, international inc. equal realty, housing inc. equal opportunity. housing opportunity.

$

JOHN JOHN RIGATTI JOHN RIGATTI JOHN RIGATTI RIGATTI

505.984.5117 505.984.5117 505.984.5117 505.984.5117 cell 505.577.5117 cell 505.577.5117 cell 505.577.5117 cell 505.577.5117 505.984.5118 505.984.5118 505.984.5118 505.984.5118 cell 505.690.2750 cell 505.690.2750 cell 505.690.2750 cell 505.690.2750 RAYray@knowingsantafe.com RUSH RAY RUSH TIMtim@knowingsantafe.com VAN TIM CAMP VAN CAMP ray@knowingsantafe.com ray@knowingsantafe.com ray@knowingsantafe.com tim@knowingsantafe.com tim@knowingsantafe.com tim@knowingsantafe.com 505.984.5117 505.984.5117 cell 505.577.5117 cell 505.577.5117 505.984.5118 505.984.5118 cell 505.690.2750 cell 505.690.2750 nt Grant 326 avenue Grant 326 avenue Grant i avenue 505.988.2533 i avenue 505.988.2533 i 505.988.2533 i 505.988.2533 ray@knowingsantafe.com ray@knowingsantafe.com tim@knowingsantafe.com tim@knowingsantafe.com hinGton WashinGton 231 WashinGton 231 WashinGton avenue avenue i avenue 505.988.8088 i avenue 505.988.8088 i 505.988.8088 i 505.988.8088

ated sotheby’ operated by sotheby’ operated s international by east sotheby’ s international by sotheby’ srealty, international sinc. realty, international equal inc. realty, housing equal inc. realty, equal opportunity. inc.housing equal opportunity. housing opportunity. opportunity. east Palace 417 avenue Palace i avenue 505.982.6207 i housing 505.982.6207

4 2

326 Grant 32 231 Washin 23 417 east Pa 41

sothebysho so 231 WAShingTon 231 WAShingTon 231 WAShingTon 231 WAShingTon AVenue AVenue i AVenue 505.988.8088 i AVenue 505.988.8088 i 505.988.8088 i 505.988.8088 operated operated

by Sotheby’ operated

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by Sotheby’ s international

by Sotheby’ sRealty, international sinc.

Realty, international equal inc.

Realty, housing equal inc.

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231 WAShingTon 231 WAShingTon AVenue i AVenue 505.988.8088 i 505.988.8088 operated by Sotheby’ operated s international

by Sotheby’sRealty, international inc. equal Realty, housing inc. equal opportunity. housing opportunity.

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operated by sot op

Neil D. Lyon, CRB, CRS, GRI 505.954.5505 • 505.660.8600 cell • neil@neillyon.com

Vanessa Rios y Valles 505.954.5522 • 505.231.3708 cell • vanessa@neillyon.com

Michaelene Sargent 505.954.5514 • 505.660.3850 cell • michaelene@neillyon.com wilDerness arroyo

neillyon.com

arroyo honDo

2232 wilDerness arroyo exquisite home offering privacy, convenience, and magnificent views. the property includes a 4 bedroom main house plus a very large studio casita. the grounds include multiple entertaining areas and truly spectacular gardens. #201303307 • $2,250,000

18 meDia luna Well situated on 10 acres in arroyo hondo. the main house features 3 bedrooms, 2 1/2 bathrooms, a great room, wonderful chef’s kitchen, den, and a study. there is also a freestanding double adobe studio casita and wonderful horse facilities!

18medialuna.com

2232wildernessarroyo.com

la tierra

off hyDe park roaD

22 north Vuelta herraDura Breathtaking views of the sangre de cristo and Jemez Mountain ranges from this fabulous residence on 11+ acres. 4 bedroom main house, 2 bedroom guest house, studio/office, and horse facilities.

710 CanaDa anCha immaculate contemporary-style home in the gated community of vista canada ancha, very close to the Plaza.

Featuring a dramatic great room, a chef’s kitchen, a spacious master suite and 3 guest bedrooms, plus an efficient office space. stunning views.

#201105652 • $1,995,000

22Vueltaherradura.com

710Canadaancha.com

museum hill

960oldsantafetrail.com

arroyo honDo

791paseodeflorencio.com

791 paseo De florenCio Wonderful 3 bedroom residence sited above upper canyon road to capture fabulous views. this impeccably maintained Pueblo-style home features traditional finishes and old World architecture including plaster walls, saltillo tile, carved vigas, and lovely outdoor spaces. #201203665 • $899,000

HEARTSTONE

G EW N N TI S LI

14 millers enD Beautiful custom home on 5 acres in arroyo hondo. 5 bedrooms, 2 offices, den, chef’s kitchen and horse facilities. the property benefits from extensive solar electric and geothermal heating systems, resulting in zero utility costs! #201204101 • $1,495,000

#201301636 • $1,195,000

el Canon

960 olD santa fe trail Gated property in a desirable location. the 6,319 sq ft, 3 bedroom main house also includes an office, formal living and dining rooms, chef’s kitchen, plus a recreation room with 2 fireplaces. the detached guest suite provides excellent privacy for guests. #201205163 • $1,600,000

#201303092 • $1,260,000

7 Via Diamante an excellent value in the heartstone neighborhood off tano road. this 2,300 square foot residence was recently completed and features 2 bedroom suites plus a spacious office and a studio space. #201305742 • $599,000

14millersend.com

7ViaDiamante.com

326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

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Darlene Streit Group

Darlene Streit Gro

505.920.8001 l dstreit@dstreit.com 505.920.8001 l dstreit@dstreit. santaferealestateproperty.com santaferealestateproperty.com l santaferealestateexpert.com l santaferealestateexpert. santafeluxuryhomesandland.com santafeluxuryhomesandland.

PoloPolo FACilitY FACilitY

lAS CAmPAnAS

lAS CAmPAnAS

lA tieRRA nueVA

lA tieRRA

Fe eQueStRiAn CenteR $3,950,000 $3,950,000 SAntASAntA Fe eQueStRiAn CenteR SA 173 ChiSholm tRAil 173 $1,199,500 ChiSholm $1,250,000 3 AguA dulCe 3 AguA dulCe $1,250,000 nearSanta the Santa airport and centrally located, located, this equestrian near the Fe Feairport and centrally this private equestrian ne Great equestrian including 3-stall barn withGreat hay storage equestrian in private elegant property exterior with brick cul-de-sac location withcul-de-sac views. elegant location exterior withwith brick views. on 80+ acresfeatures features a clubhouse, indoor riding arena,riding tack portals.

Center Center on 80+ acres a clubhouse, indoor arena,richly tackdetailed Ce amishtile style,and in thewood la tierrafloors, nueva subdivision. amish 4Br home style, in th portals. detailed interior gour- perfect interior richly with tile and wood floors, gour- with room, grooming areas,wash wash racks, laundry facility, two stables,two a hay stables, room, grooming areas, racks, laundry facility, a hay roo for and family. o metwood kitchen with wood cabinetry for family. and part ofgranite the barncountertops. was converted to a library guest part met kitchen with custom cabinetry and custom granite countertops. barn,building, shop building, and four four housing units. units. mls# 201302172 barn, shop and housing mls# 201302172 bar house. extensive views.

Bordering BlM land. mls# 201202244 house. extensive luxurious and attached guest suite. mls# 201300165 luxurious master suite and attachedmaster guest suite.suite mls# 201300165

CentRAllY loCAted CentRAllY loCAted

BoBCAt BoBCAt inn inn

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tWo ho

60 A&B CAmino Quien SABe 60 $795,000 A&B CAmin 1200 CAllejon ARiAS 1200 CAllejon ARiAS $1,100,000 $1,100,000 BoBCAt $1,150,000 $1,150,000 BoBCAt inninn Bo 5 bedroom complex 15 minutes to the plaza.

Fabulous 3 bedroom5 bedr town Sangre de Cristo in town views on Sangre the northside. de Cristo Spacious views all one on Fabulous the northside.

Spacious all one exquisite BedBreakfast & Breakfast lifestyle!

Custom built owner’ s residence exquisite Bed & lifestyle!

Custom built owner’s inresidence exq main house oversized and a 2 bedroom guestkitchen house. Both themain main and house the and home with 3 bedrooms level home and 3 baths, withoversized 3 bedrooms eat-in kitchen and 3 baths, eat-in

by Schmitt & associates, with 2 bedrooms and 2 baths,

by Schmitt & associates, with 2 bedrooms andapproxi2 baths,level approxiby house heat, have a full kitchensystem, with woodand countertops guest and a bright house mat hav that opens that living opens area, radiant to the heat,large alarm system, living and area, guest radiant alarm mately 1,551 ft which can can also be used as a vacation and 2 rental mately 1,551 sq ftsqwhich also be used as a rental vacation andto2the large living room. mls# 201304043 living room. mls# heated, direct entry garage. heated, mls# direct 201305660 entry garage. mls# 201305660 additional roomsor or in-law quarters. mls# 201304250 additional guestguest rooms in-law quarters. mls# 201304250 add

gReAt gReAt Sunlit SunlithillS hillS VAlue VAlue

eAStSide

eAStSide

CasitasAtCanyonRoad.com

CasitasAtC g

CAnYon RoAd CASitAS $565,000 $1,065,000CAnYon – $1,125,000 RoA 207 nine 207 nine mile mile RoAd RoAd $625,000 239 $625,000 207 RodRiguez StReet 239 RodRiguez StReet $565,000 Bandolierseparated Garden to be by developed 3 separate Bandolier condominium Gard Wonderful Wonderful home home designed designed byby BillBill lumpkins. lumpkins.

Great floor Great plan with floorCharming plan with Wo home withCharming two master suites, home separated with by two livingmaster space. suites, livingwith space. homes and com homes and community garden.fireplace #201306086in large rooms, large rooms, stylestyle and andcharm. charm. large large country country kitchen with kitchen kiva fire-with kivapine firelarg Vigas, flooring,Vigas, hand-plastered pine walls, flooring, rumsford hand-plastered fireplace in walls, rumsford place, living place, living room room with with high high ceilings, ceilings, and dining and room dining withroom coved with coved pla living room. light and living brightroom. with mountain lightviews. andFrench bright doors with mountain views. French doors ceiling. Barn, ceiling. Barn, beautiful beautifulgarden, garden, mountain mountain views. mls# views.

201302261 mls# 201302261 cei from all rooms openfrom to a wonderful all rooms patio. open mls# 201305263 to a wonderful patio. mls# 201305263

326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

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Old WOrld design

18 green Meadow loop

$1,375,000

One-of-a-kind adobe gem with all the appointments of Old World design reflecting extraordinary craftsmanship and attention to detail. This charming 4,685 square foot home will take you back to the days of traditional santa Fe architecture with painstakingly applied hand-troweled plaster walls and fireplaces, handcarved doors, fitted flagstone floors, massive vigas and beams, wood ceilings including latillas that masterfully conceal AC vents, and French door access to portales from nearly every room. #201306052

Marion Skubi

ABr, CrB, Crs 505.660.8722 marion@marionskubi.com

Johnnie GilleSpie

Partner, Marion skubi group 505.690.1909 johnnie@johnniegillespie.com

aleka Moore

Operations Manager, Marion skubi group 505.954.0732 aleka@marionskubi.com

MAriOnsKUBi.COM 326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

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5

EG

Emily Ivette Garcia CRS, Real Estate Broker

Excellence, with a touch of grace...

Representing Over $25 Million in Real Estate in 2013.

Are you Going to List or Sell?

Your Santa Fe Specialist, Serving all Price ranges, in Santa Fe city and county e

Current Offerings e

Walk to Plaza, House & Guesthouse

Loft Living in the Railyard

$1,500,000 #201302788

$500,000 #201305366

$279,000 #201304305

Magnificent Views & Santa Fe Style

Horse Property, Home & Cabin

Great Location & Opportunity

$1,000,000 #201303406

$425,000 #201304022

$299,000 #201300706

Northside Sophisticated Oasis

Sweet House in Town with Views

Perfect Two Bedroom on Large Lot

$450,000 #201305332

$250,000 #201354477

Refined Casita & Studio in Galisteo

Spacious, Comfortable & Updated

Fabulous Rancho de San Juan

$688,000 #201303284

$340,000 #201305724

$150,000 & $133,300 #201203914, #201203924

Adobe Castle with Panoramic Views

314 artist road, #1

14 tano Point

28 eckards Way

10 camino Monte Feliz

721 Pinon drive

229 camino del norte $950,000 #201300850

112 la Placita circle

13 Marcelina lane

637c alto Street

816 old Santa Fe trail

1609 Brae Street

7 & 10 casita drive

Emily Garcia 505.955.7963 505.699.6644 emily@emilygarcia.com www.emilygarcia.com

FOr DetaileD inFOrmatiOn, gO tO www.emilygarCia.COm

two outStanDing in-town ProPErtiES

1244 Vallecita driVe $1,175,000 this smashing contemporary in-town masterpiece by architect John Klee offers a fresh, open concept floor plan, ideal for a sophisticated, informal lifestyle. Dramatic sun-washed spaces, Sandia Mountain views through walls of glass, and thoughtful design throughout create an understated, luxurious environment. the three bedrooms plus study residence includes soaring ceilings, an exquisite master suite, a sleek cook’s kitchen, wonderful guesthouse/studio, and inviting landscaped entertaining areas. mls# 201305140

ShanE CronEnwEth l 505.577.2000 shanesantafe@gmail.com

954 Santo nino Place $1,395,000 Boasting magnificent Sangre de Cristo vistas, this sensational, elegant adobe home plus excellent studio/guesthouse on 1 acre offers beautiful traditional architecture with luxurious modern amenities throughout. Entirely one level, the main house features an impressive great room with 14’ ceiling, showcase kitchen, formal dining room, fabulous master suite with an enormous closet, and a lovely family room. Beautiful landscaped grounds, 4-car garaging. Choice city living, in a private setting. mls# 201303440

chooseSantaFe.com

Personalized, Creative, Knowledgable 326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

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Santa Fe Real Estate Guide

F E B R UA RY 2014

ON THE COVER This house was made for art — and made artistically.

Please see Inside Adobe Walls, Page 14, for more about this property on the market.

PHOTOGRAPH

Jane Phillips

COVER DESIGN

Deborah Villa

STAFF

santafenew mexican.co m

VOLUME 17, ISSUE 11

features 14

Inside Adobe Walls

18

How’s the r.e. market doing?

39

Realtor profile: Patrick Thomas

40

Home tour for ARTfeast

40

Deadline for Harnar Award

44

New door for historic house

OWNER:

Robin Martin PUBLISHER:

Ginny Sohn EDITOR:

Paul Weideman

columns 32

Out & About

Tamara Hand

35

Understanding Adobe

ADVERTISING SALES:

Wendy Ortega

35

Mortgage Matters

EDITORIAL OFFICES:

36

Water Energy Nexus

38

Social Networking

38

Your Money’s Worth

40

Title News

41

News from SFAR

41

Our Water Quality

43

Spouses Selling Houses

43

Permaculture in Practice

DIRECTOR OF ADVERTISING:

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Home|Santa Fe Real Estate Guide is published on the first Sunday of each month.

For subscription information, call The Santa Fe New Mexican at 986-3010 or 1-800-873-3372.

This publication is designed to provide accurate and authoritative information. This information should not, however, be construed as a recommendation for any course of action regarding financial, legal, or accounting matters.

data track 36

Recent home/land sales

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Building permits HOME

F e b r u a ry 2014

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coMMercial

grandaBon FarM

436 W. San FranciSco Street $1,500,000 Legendary Sandoval Family Compound! First time on the market. This adobe home is approx. 1,450 sq ft, on approx. 1/2 acre. Currently utilized as income producing office and retail space. #201305308

Spirit rock ranch – 3261 nM 14 $995,000 Stunning, “once in a lifetime” property.

Spacious and private 5,500 sq ft, Pueblo-style home on 130+ acres with handcrafted doors, expansive portales, and vigas. #201304475

48 cerro alto road $945,000 This incredible horse property is just far enough off 285 for privacy. This 40 acre offering is a fully functional and working equestrian facility with home.

The main barn features 15 stalls with attached runs. #201306031

20 cerro alto road $880,000 elegant european charm in a country setting. Custom built and artist designed steel frame/strawbale construction. The acreage has a 9-year-old vineyard, pine trees, grass, wildflowers, and outstanding rock formation. #201400133

pecoS riverFront land $595,000 Abundant documented water rights! Beautiful irrigated property with water rights and 270’ of river frontage. Two separate irrigation ditches on over 7 acres of flat usable land. #201202518

1402-a BiShopS lodge road $449,000 This immaculate home offers a bit of the country near the big city. Located 5 minutes to the Plaza, the property boasts a new kitchen, a new patio, 2 fireplaces, and a sunroom. #201303465

121 rito guicu $417,000 Privacy and panoramic views. This home features quality upgrades including knotty alder solid wood doors and cabinetry throughout, tongue and groove ceilings, and vigas. #201305215

14 north viSta eStrella $359,000 Country living and quiet, 15 miles to town. Beautiful, well maintained home with views, landscaped grounds, and oversized garage. On over 4 acres bordering green space. #201303350

apache ridge & MeScalero trail $175,000 Beautiful lot on Mescalero Trail off Apache ridge.

Wooded lot with great views. Four 5+ acre lots available. #201305886

3259 nM hWy 14 $175,000 This 23 acre parcel can be purchased alone or with Spirit rock ranch (3261 NM 14, MLS 201304475).

This parcel sits in front and adjacent to Spirit rock ranch. #201304758

19 via getruditaS $79,000 One of the last lots at Vista Hermosa Subdivision before Pecos off Hwy 50. Beautiful piece of land with shared well, electric, telephone in place.

Strong views. Several building spots. #201305081

1267 SpaniSh hill $1,595,000 Located in the prestigious Summit North, this adobe home has been meticulously maintained with many upgrades. On a 1.29+/- acre lot with awesome mountain and city views. #201304330

vineyard

riCky ALLeN 505.470.8233 ricaky.allen@sothebyshomes.com

Hi, i’m ricky Allen and i’m proud to carry forward my great grandfather’s legacy of hard work, commitment and determination into my work with each one of my clients, buyers and sellers alike. if you’re planning to buy or sell a home in the near or distant future, i can help.

Visit my website at rickyallen.com to learn more about what we can do together.

326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

sothebyshomes.com/santafe operated by sotheby’s international realty, inc. equal housing opportunity.

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spectacular homesite rare 18.6 acre lot in an exclusive gated rural community, halfway between Albuquerque and santa Fe. sweeping mountain views from atop a private mesa home site. Underground utilities are available. Amenities include a clubhouse and pool. #201304088 $1,499,000

DiVine in-town estate Architectural Digest-style historic double adobe hacienda in a rare downtown setting on old santa Fe trail. 4.5 acres with views in the heart of the eastside. classic spanish floorplan includes 4-5 bedrooms plus a full guest house. 12 fireplaces, a pool, and a chapel! #201300271 $4,850,000

View house & guesthouse A private, gated sanctuary awaits you minutes to the Plaza, offering peaceful seclusion, nurturing mountain views, and a comfortable environment. An open plan living room, kitchen, dining and family room offer comfortable entertaining with double fireplace and several portales and decks leading outdoors. #201305054 $950,000

historic john gaw meem Designed by John gaw Meem in 1935, this original historic home off old santa Fe trail Ashley MArgetson features high ceilings with clerestory windows, a graceful crs, gri Pueblo-style center fireplace, ashley.margetson@ nichos, and original classic oxblood concrete floors. 3Br, 2BA sothebyshomes.com main house plus guesthouse. 505.984.5186 #201305991 $1,095,000

inVestment opportunitY Adorable south capitol house and darling 1Br casita on a shaded lot in the coveted Wood gormley school district! original wood floors, and great old curved ceilings.

Updated kitchen and bath, and formal dining room. cash flows. #201304023 $625,000

2013 Designer showhouse of the Year thick adobe walls, high ceilings, vigas, latillas, corbels, many fireplaces, skylights, and nichos. outdoor areas include 2 roomy portales and a patio with an outdoor kitchen. #201303174 $895,000

the leading sales team at Quail run since 1998 combined 60 years of santa Fe real estate experience

QUAil rUn

cell: 505.920.2300

pam wickiser, sres, gri

505.470.9884 pam.wickiser@sothebyshomes.com

santaferealestatelady.com ashleymargetson.com

BoB Dunn

505.470.9883 bob.dunn@sothebyshomes.com

robertDunnrealestate.com

santa Fe’s Premier gated community

amenities include 24-hour manned security, golf course, tennis, swimming pool, state-of-the-art exercise facilities, jogging and walking trails, and fine dining.

pinon D $785,000 Bright and light 3Br, 3BA home overlooking the golf course. owners recently completed a tasteful update. mls# 201304495

pinon c $612,000 Beautiful home with 2Br, 2BA, and a den. this single story condo is cozy and quiet. Den has wonderful built-ins. mls# 201301996

pinon B $560,000 Featuring 2Br and 2BA this home is adjacent to the 1st fairway but privately situated. 2-car garage. mls# 201301545

priVate location $549,000 custom Casita condo on a private cul-de-sac with views. lots of trees and a lovely outdoor living area. mls# 201304536

plaza home $310,000 Views of the sangre de cristo and Jemez Mountains. nicely appointed. shows beautifully. mls# 201304021

plaza home $295,000 lovely home near the clubhouse and spa. 2Br, 2BA includes all Quail run amenities. mls# 201302541

326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

sothebyshomes.com/santafe

operated by sotheby’s international realty, inc. equal housing opportunity.

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Travel with us as you buy and sell real estate in Santa Fe HOME TEAM SANTA FE DAVID ROSEN

CHRISTOPHER ROCCA

David@HomeTeamSantaFe.com

Christopher@HomeTeamSantaFe.com

505.470.9383

505.490.2999

w w w . HomeTeamSantaFe.com

Caroline D. Russell, CRS SFAR Realtor of the Year 2010 505.699.0909 caroline.russell@sothebyshomes.com

10 Via Vecino $1,135,000 Tesuque Valley – Perfect for Entertaining with Magnificent Views

4 Calle Arbusto $98,000 Gorgeous Lot in Las Campanas Spectacular Panoramic Views

5 Altura Vista $545,000 Impeccable Aldea Home with Custom Finishes, Guest Casita and Huge Views

SantaFeAtHome.com

Boutique Service with International Exposure 326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

sothebyshomes.com/santafe

operated by sotheby’s international realty, inc. equal housing opportunity.

10

February 2014

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Featured Listings W NE

W NE

ICE PR

G TIN LIS

DON DIEGO AVENUE

CEDROS CIRCLE

Reputable Stamm with updated features.This 3-4 BD, 2.5 BA home is handicap accessible with a separate entrance. French doors from dining & master open to a 35’ x 10’ sunroom with brick floors and garden views. Refinished hardwood floors, walk-in shower, soaking tub & other features. $214,500 Call Roseanna 505-470-5638 1-3 SE U HO EN OP

Charming home in south capitol’s Wood Gormley school district. Improvements include numerous built-ins, new kitchen & baths, high end energy efficient mechanicals, hardwood & tiled floors, office with separate entrance, heated outdoor living, architecturally designed landscape, plus more. $415,000 Call Roseanna 505-470-5638

505.988.2806 1-877-98 ADOBE

CALLE ALTAMIRA

HYDE PARK LOCATION Spacious home filled w/ natural light in an ideal location to downtown and SF National Forest recreation. Mountain views, multiple outdoor deck areas, open kitchen, and tiled living room with kiva fireplace.The split level floor plan offers 3 large & private BD suites.

Attractively priced at $595,000.

Call Beth 505-690-2713

www.adoberealtyofsantafe.com

Beth E. Fauré Qualifying Broker 505-690-2713

Roseanna Z. Gonzales Broker Associate LAS MANANITAS

CAMINO VALLE & HWY 285

STAMM BUILT 4 bedroom, 2200 sq. ft. home with updated kitchen and baths in desirable Casa Solana.Wood & tile floors, wood burning fireplace, extra rooms with separate access from outside make for potential greenhouse/studio/mother-in-law. $535,000 Call Beth 505-690-2713

2.48 ACRES with panoramic mountain views & level building sites. Fenced, well & septic needed, electric in area. I-25 to Hwy 285. Left at 1st light to end of road.

Listed at $78,500.

Call Roseanna 505-470-5638

SantaFeRealEstateToday.com

312 Camino Alire Santa Fe, New Mexico 87501

david.sorenson@sothebyshomes.com

BonniE SoREnSon l 505.954.0736

bonnie.sorenson@sothebyshomes.com

Our philosophy is simple... we have a dedicated commitment to service

BEauTiFul in-Town homE

walk To Canyon RoaD

502 via Canyon $845,000 Beautiful like new, custom 1+ acre home with super views, in the close-in, northern rolling hills of las estrellas. open main living area concept, chef’s kitchen, spacious master suite, plus two guest suites, high-end finishes and upgraded throughout. #201305371

707 olD SanTa FE TRail $795,000 a marvelous refurbished eastside historic property with ac rc 5 zoning providing a private 1 1/2 story residence with 3 bedroom, 2 bath, basement, on large lot, plus other possible uses, gallery/retail, live/ work. #201305104

326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207 sothebyshomes.com/santafe

505-470-5638

DaviD SoREnSon l 505.670.5515

Informative • Comprehensive • Smart

• Most Comprehensive Santa Fe Real Estate Statistics • Search Complete Santa Fe MLS • Current Santa Fe Information

VIENTO DEL NORTE

NORTH OF SANTA FE - This well maintained end-unit condo with a onecar garage features 2 bedrooms, 2 baths, wood floors, fireplace, high ceilings, beams & tall glass doors opening up to a large east facing patio with mountain views.

Direct access from upper parking area and convenient to downtown; shows beautifully. $219,500 Call Beth 505-690-2713

inCREDiBlE CiTy & SunSET viEwS

716 GonzalES RoaD $659,000 Delightful main house with 2 bedroom suites, country kitchen, dining room and spacious living room with fabulous sunset views, and a 2-car garage. Guest home has 2 bedroom, 1 bath, kitchen, living area and kiva fireplace. #201305463

RailyaRD DiSTRiCT

826 BaCa STREET $310,000 in the heart of Baca street and zoned BcD/reD, this charming, mostly adobe, 2 bedroom, 1 bath home has been tastefully remodeled and sited on large lot that affords additional construction options/possibilities. #201304414

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HOME

F e b r u a ry 2014 11

contemporary portfolio under ContraCt

Vuelta sabio $850,000 timeless 3Br, 3Ba contemporary on 10.5 private, view acres in la tierra. Glass, wood, stone, and natural tones combine to bring the outside in. a soaring octagonal ceiling and big windows frame sweeping views of two mountain ranges. #201303324

28 ValleCito road $850,000 a rare, contemporary offering, perfectly sited on 2.8 private, view acres. this dramatic property was designed by architect Jeffrey harnar, and combines textured materials to create a vibrant and distinguished style. #201302278

paseo de la tierra fabulous property with views in la tierra. contemporary lines distinguish this property, designed in the prairie school style. located on 10+ private view acres, this home features immaculate detailing, and expansive living areas both inside and outside. #201302281

sold

you handled both seller and buyer with the grace, energy and tact that is your hallmark. please quote any of what i have written. i’m sure those clients who know your worth are as eager as i am to broadcast it to the world.

– Ann McGonigle

experience, enerGy and inteGrity WorkinG for you.

i have walked through multiple high value real estate transactions in my life, and i have truly never encountered a more communicative, collaborative, insightful, thoughtful and thoroughly competent professional.

– Kristina Flanagan

penelope Vasquez 505.690.3751 penelope.vasquez@sothebyshomes.com

4 esCopeta plaCe $649,000 style, sophistication, simplicity! stunning 2Br, 3Ba, suby Bowden contemporary-style architectural masterpiece. 2.5 beautifully landscaped view acres. uninterrupted mountain views. #201002583

lehrer l earley your santa fe source

nancy lehrer l 505.490.9565 nancy.lehrer@sothebyshomes.com

tara earley l 505.660.1734 tara.earley@sothebyshomes.com

54 headquarters trail, la tierra nueVa $3,500,000 mls# 201104063 www.54headquarterstrail.com

171 headquarters trail, la tierra nueVa $3,350,000 mls# 201304156 www.171headquarterstrail.com

41 Violet CirCle, las Campanas $1,795,000 mls# 201305736 www.41violetcircle.com

7 sendero Centro, las Campanas $1,295,000 mls# 201300298 www.7senderocentro.com

14 rising moon, las Campanas $925,000 mls# 201301196 www.14risingmoon.com

la tierra nueVa Gated community, 10+ acres, homes/lots available.

enthusiastic, resourceful, performance-oriented 326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

sothebyshomes.com/santafe

operated by sotheby’s international realty, inc. equal housing opportunity.

12

February 2014

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Art of LIVING 19 BIShopS TrAIL

$1,985,000

neWly priCed

T

his pueblo Contemporary-style home on the highest lot in Bishop’s Lodge Estates, is minutes from downtown and takes in massive Sangre de Cristo and Jemez Mountain views. With 3 bedrooms, 2 1/2 baths, the main home features a spectatcular living room with amazing windows looking out to the views, a fabulous kitchen/ family/breakfast room that opens onto a brick terrace, and a cozy library. The lower level features a large work/ project area with sink, a 2-car garage, as well as a shop area. A short distance from the main home is a charming 1Br, 1BA guesthouse with fabulous views. #201302673

Fine properties to suit your Santa Fe lifestyle under ConTraCT

1414 Bishops lodGe road $1,200,000 Unique and exceptional estate-quality site in the heart of Tesuque comprising 6 1/2 acres plus a 2,300 sq ft house and various outbuildings. Featuring a winding tree-lined driveway, some Sangre de Cristo views, and two private wells plus irrigation rights. mls# 201304072

neWly priCed

442 aCequia Madre, #3 $850,000 Located in the quaint Acequia Compound just blocks from Canyon road restaurants and galleries, this 2 bedroom, 2 bath luxury condominium is beautifully appointed in Classic pueblo style. Built in 2006, the home combines the best of old time details with modern floor plan and amenities. mls# 201305901

18 esTrada redonda $755,000 This adobe and frame home in La Tierra is nestled on 10 acres and enjoys great mountain views. With approx. 2,800 sq ft and immaculately maintained, the home features a classic New Mexico living room with high beamed ceilings, and an exposed white washed adobe wall with fireplace. mls# 201304162

For your new and evolving Santa Fe lifestyle, trust the Santa Fe Team to find your ideal property. Amid nature’s splendor – Culture, Tradition, Community – savor the Art of Living!

santa fe Team

www.santafeteam.com

Moo Thorpe, 505.780.0310 l Chris haynes, 505.660.6121 l Jennifer GallaGher, 505.660.8793 l Jeff harakal, 505.954.5548

326 Grant avenue i 505.988.2533 231 WashinGton avenue i 505.988.8088 417 east Palace avenue i 505.982.6207

sothebyshomes.com/santafe

operated by sotheby’s international realty, inc. equal housing opportunity.

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February 2014 13

Courtesy Caryll Pearlman Blount

Courtesy Brian Blount

Inside

Adobe Walls

14

February 2014

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Courtesy Caryll Pearlman Blount

Jane Phillips / The New Mexican Jane Phillips / The New Mexican

Courtesy Brian Blount

Artful design

By Paul Weideman

T

his house in the Los Cerros Colorados subdivision is a unique gem, the vision of owner Frank Sconzo. It’s the third house he has built, following one in Hawaii and his last abode in Seattle. This one boasts warm and extravagant touches such as the sculptured, rounded fireplace surrounds and kitchen countertops; a pair of big, circular windows over the spa tub in the master bathroom; and custom, carved doors throughout.

The 3-bedroom house, built by Bruce Thompson for Frank and Susan Sconzo, was completed in 2002. It’s 3,153 square feet, but none of the rooms are of the vast, cold type; rather, they are on the cozy side and designed to showcase art and artifacts. The various spaces are brightened by 11 skylights. Inside the front door, four steps lead down to the level of the living room, media room, kitchen, and dining room. A handrail at the steps is anchored in a big boulder harvested from the site. Floors in the public spaces are either concrete, in acid-wash black and brown, or hardwood. The bedrooms are carpeted.

The architecturally rich kitchen has an arc of maplewood cabinets with black-granite tops, plus an elegant, wood island. Above, a circular ceiling sports a lamp and beams in a wheel-and-spokes pattern.

The master bedroom has one of the home’s five fireplaces and a vaulted, beamed ceiling.

Doors lead out to the patio with covered portal and, beyond, a xeric but lush landscape.

The 1-acre homesite adjoins city-owned open space and trails in the Dale Ball system.

There is a 3-car garage; one third of it has been converted for use as an art studio/workshop.

The 1860 Cerros Colorados property (see www.casageckosantafe.com) is listed by Brian Blount, Keller Williams Realty, for $949,000.

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February 2014

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Don “Rockstar” Curry

Val “Vivacious” Brier

Marketing & Tech Manager

505.690.0553

505.983.5151

Peggy “Prolific” Fino

505.470.9220

Terri “Tenacious” Engebretsen 505.603.5878

Don “The Don” Heimbecker

Stacie “Stupendous” Kimberley

505.603.0777

505.660.6365

Keller Williams Global Property Specialists with over 650,000 international brokers.

GO GlObal

GLOBAL PROPERTY SPECIALIST

Featured Commercial Property Offerings 731 B Canyon Road

tai bixby

505-577-3524 taibixby@kw.com

$1,250,000

Premium property in a prime location on Canyon Road. Beautiful open, light space with a large translucent atrium and mature indoor plants.

3242 Cerrillos Road

Paul Duran

505-310-5566

PaulDuran777@gmail.com

$595,000

Freestanding building with plenty of parking across the street from Walmart. Other businesses in the area include CVS, Walgreens, Home Depot

2520 Camino Entrada

renee edwards 505.470.7773

reneeSantaFe@KW.com

South of the intersection of Camino Entrada and Cerrillos Road, Valdes Business Park.

35,005 square feet. Zoned i-1, ample parking with approximately 150+ spaces.

ARE yOu iNTERESTED iN A CAREER iN REAl ESTATE?

Career NiGht: February 25, 2014 - 5:30-7:30 130 lincoln Avenue - RSVP 983.5151

Highest Overall Satisfaction for Home Buyers and Home Sellers Among National Full Service Real Estate Firms

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February 2014

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$3,465,000

18 Withers Peak

$525,000

117 Rito Guicu

$445,000

A beautiful open concept home in Rancho Viejo backing to green belt and professionally landscaped. Eat 505-690-9831 www.retireinsantafenm.com in kitchen and formal dining space.

2,346Sq.Ft. 4BD, 3BA

Tom Trujillo

8 Tetilla Road

4397 Laughing Crow

Barbara Blackwell

$549,000

505-699-4954 www.truheo.com

Truly one of the nicest homes in Las Lagunitas with over 2500 sq. ft. of living space. You’ll find a Master suite along with 4 large rooms, perfect for guest or your family. The kitchen is upgraded. Virtual tour at: http://bit.ly/1e9AmS9

$360,000

9 Crossroads Court

Custom fine home sited for spectacular views and privacy. Designed for both your retreat and entertaining lifestyle. No steps, 505-660-4541 www.buysantafehomes.com heated garage. 3,296 Sq.Ft., 3BR, 3BA

Emily Medvec

2908 Governor Mabry Court

High quality home next to miles and miles of open space. Plaster, vigas, brick floors, and big views! 2,350 Sq.Ft. 505-699-3112 www.SantaFePropertyFinder.com 3BD, 2BA

Emily Medvec

Spacious light-filled popular Nava Ade Sunflower model with versatile living spaces & no interior steps. High ceilings, 2 505-660-4541 www.buysantafehomes.com fireplaces, gas kitchen. 2034 SqFt. 4BD3BA.

Lise Knouse

31 Graythorn

837 County Road B31 A

7505 Kachina Loop

Carson & Carson

995,000

Vibrant landscaping draws you in to this wonderful home designed for relaxation and comfort.

Panoramic views enhance the excellent finishes 505-570-3838 www.TeamConnectSF.com throughout the home. The attached guest casita is a welcome bonus.

Team Connect

2154 Calle De Sebastian

$525,000

Rebecca Rodriguez

Private location and Expansive views surround this Authentic Adobe custom home.

505-699-7110 this single level style commands views www.SantaFeSacredGround.com across its 9.3 acres. 2,500 Sq.Ft. 3BD, 3BA

$880,000

$429,500

Come home to comfortable and gracious living! You will find here a home designed for ease, low maintenance and Santa Fe beauty.

505-501-3385 www.SantaFeHomesByLise.com 1,991 Sq.Ft. 2BD, 3BA

$259,000

PricedReduced!Athoughtfullylandscaped front yard greets you at this peacefully situated4bedroomhome.SangredeCristo 505-465-9597 SantaFeLuxuryRealEstateOnline.com Mountains are visible to the east.

Team R&L

$325,000 To Schedule a Showing 1 . 8 7 7 . 7 4 6 . 9 1 0 9

It’s Here!

Mature and well loved home on a shady, landscaped, in town property of 2/3 acre.

5 minutes to every convenience and all the 505-231-3410 www.LuxuryHomes-SantaFe.com cultural events, museums, shopping and dining downtown Santa Fe.

Anna Vanderlaan

Highest Overall Satisfaction for Home Buyers and Home Sellers Among National Full Service Real Estate Firms

We now have a Full Time Dedicated Appointment Desk to Schedule all our Listing Showings!

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February 2014 17

The residential market

Slowly climbing back to prosperity

By Paul Weideman

T

he hikes and falls and spasms that describe various moments in the real-estate industry during the last five years make market analyses and predictions in “the old days” seem like child’s play.

It’s no wonder that experienced professionals like Cate Adams (in the Santa Fe office of Sotheby’s International Realty) find themselves relying on one simple statement when asked why Santa Fe is taking so long to recover from the crash: “I don’t know.”

The fourth-quarter report from the Santa Fe Association of Realtors says both sales volume and home prices “were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs.”

Rising home prices based on stronger demand would signal recovery in this market, but that’s not yet happening in Santa Fe. “I see an improvement in the attitude of buyers and their confidence in the market, but there’s really very little improvement in pricing,” Adams said. “Prices are staying flat.”

A year or two ago, many brokers said their clients were waiting for the market to hit the bottom, not wanting to buy if prices were going to sink more. That refrain is much less common today. “That’s right.

Nobody’s talking about it anymore; everybody’s talking about the improvement in numbers,” Adams said. “Sales are up, prices are not. Everybody’s saying that across the board. Why is Santa Fe so slow to recover?

I don’t know. We were obviously very much affected by the real-estate bubble, if there was such a thing.”

As home sales began to fall off in many U.S. markets — after the subprime mortgage crisis and the September 2008 collapse of Lehman Brothers, AIG, and other investment firms — some began to worry that Santa Fe’s “bubble” was about to burst as most obviously happened in Phoenix, Las Vegas and other muncipalities that had seen dramatic housing-industry spikes.

“Our market is not nearly as large as Phoenix and Las Vegas,” Adams responded.

“We have a much smaller buyer pool, and we have a very specific appeal, which is why 18

February 2014

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we all live here. And I’m not sure we would want to get back to 2005/2006. The market was artifically inflated by the bad-mortgage issues. There was a bit of a frenzy, too, as prices continued to spiral upward: a frenzy to get into the market, which unfortunately too many people are paying for now.

“I think the issue of why prices aren’t increasing commensurate with sales is that we have to look at price points, not the market as a whole. Looking at the overall median prices and average prices in Santa Fe doesn’t really tell you that much.”

Another window into Santa Fe’s realestate scene is the construction business.

Builders have not responded to the idea of a healthier market; this is evident in the low numbers of building permits issued recently by the city of Santa Fe and Santa Fe County.

Adams said it is an unfortunate reality that home prices have dropped and the cost of building materials has gone up. “That is a significant factor in new construction. Also, the banks are much more careful” than they were before about financing homebuilding and homebuying.

Her husband, owner of Ron Adams Construction, has compensated — as have most other builders — by focusing more on remodeling jobs. “There’s a wonderful market for remodeling in Santa Fe,” she said.

Cate Adams is optimistic about 2014.

“Actually 2013 was a great year for me — not what I would have called great in 2007, but I was busy the entire time and successful in getting things closed, which had been an issue.”

That’s a positive sign, that buyers are deciding to complete the process, and that banks are permitting it.

“It’s a complicated issue,” Adams said about Santa Fe’s recovery. “We can look at the statistics and talk about what we believe is going on, but that’s about it.”

It’s always fun to look at stats and try to figure everything out. Here are a few highlights from Santa Fe County Real Estate 2000-2013, a report released recently by Barker Realty: • Real estate sales have increased the last four consecutive years; • 2013 was the first year since 2009 that realized price stabilization, or slight increases, in every segment; and • The number of luxury sales ($1 million

and up) in 2013 was over 100, the first time that number has been surpassed since 2008.

According to Barker figures, residential sales decreased by 47 percent from the 2005 high of 2,290 sales to just 1,213 in 2009, the year after the onset of the recession; home sales had climbed back up to 1,767 last year.

The shift in sales of land parcels was even more dramatic: an 80 percent drop (658 to 133) from 2005 to 2009, and the activity level increased only to 195 sales in 2013.

In his blog, Realtor Alan Ball (Keller Williams Realty) recently wrote that 2013 “came out a bit better than 2012, but only in small increments. The fact that we had positive numbers is not to be missed, but they were not big numbers and the improvements were in single digits.

Santa Fe 2013 home-sale stats

“‘Increase in annual unit sales for Santa Fe residential real estate,’ said the headline. How much of an increase? For unit sales, it was 7 percent,” Ball wrote. “This is considered a good number for most. Some might wish to see a double-digit increase, as has taken place in other markets. But Santa Fe is just a tortoise compared to the hare of Phoenix or Denver. Our increases are steady and historically have built a solid foundation for future growth rather than race up and down the course setting higher and lower records every few years.

“A growth in home sales is a sign that some sellers were finally able to get beyond the burden of owning a home that they formerly could not sell. And since very few new homes are being built, the inventory

1st quarter 2013 Homes sold/ median price

2nd quarter 2013 Homes sold/ median price

3rd quarter 2013 Homes sold/ median price

4th quarter 2013 Homes sold/ median price

18 $673,208 15 $245,000 32 $422,900 82 $198,750 147 $245,000 8 $456,000

29 $687,500 13 $385,000 51 $557,382 98 $215,000 191 $252,684 4 $731,000

38 $692,750 23 $350,000 63 $659,380 102 $221,500 226 $346,559 8 $562,500

26 $717,500 19 $327,500 40 $453,275 104 $229,250 189 $280,100 14 $443,750

County northwest

23 $710,000

31 $725,000

44 $732,000

39 $695,000

County southeast (including eldorado) eldorado

46 $372,500 26 $354,500 35 $320,000 112 $379,000 259 $308,000

76 $390,000 36 $348,000 29 $300,000 140 $331,500 331 $349,103

68 $389,750 35 $347,000 43 $286,500 163 $400,000 389 $375,000

60 $353,750 31 $339,000 45 $274,000 158 $379,000 347 $327,000

55 $212,500 2 $365,000 5 $188,000 62 $212,500

79 $215,000 1 $585,000 4 $197,495 84 $280,000

110 $250,000 5 $340,000 3 $195,000 118 $251,250

91 $269,000 8 $455,000 1 $190,690 100 $296,500

1 $55,000

1 $397,000

0 –

3 $353,325

2 $98,450

5 $145,000

6 $65,065

4 $120,500

DETACHED SINGLE-FAMILY HOMES City northeast City northwest City southeast City southwest City total County north (Tesuque, Pojoaque)

County southwest County total City/county total

CONDOMINIUMS/TOWNHOMES City County north County south Total (includes Los Alamos, Espanola)

DUPLEX/X-PLEX City & County

MOBILE HOMES City & County Data source: santa Fe association oF realtors.

16%

2013 1.23.14

2011

2009

2007

2005

2003

2001

1999

1997

1995

1993

1991

1989

1987

1985

1983

1981

2013

2012

2011

2010

2009

4

2008

2001

6

2007

500

2006

8

2005

1,000

2004

10

2003

1,500 county

12

city

14

Annual home sales

2,000

2002

Trend: 30-year interest rate

Data source: santa fe association of realtors

Data source: 30-year mortgage rates (annual averages) from feDeral Home loan mortgage corporation (freDDie mac)

City/county median home price 500 county

300,000

200

200,000

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

Data source: city of santa fe anD santa fe county lanD use

2003

2013

2012

100,000 2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

Building permits issued

2002

100

2001

300

400,000

city

400

$500,000

santa fe association of realtors (eacH annual value is an average of tHe quarterly meDians)

that did sell had a very high percentage of existing homes.”

What to expect for 2014? “The real estate experts all agree that interest rates will climb, which will certainly keep a lid on our ongoing market recovery,” Ball continued.

“The pressure for newly built housing will increase as the “quality” homes in the existing inventory continue to sell. The best ones sell first, you know. And land sales and spec building will still be virtually dormant as mortgage lenders are still hanging back and builders still are nursing wounds from recent market conditions.”

David Dougherty, Dougherty Real Estate, is principally involved in the commercial real-estate realm. That’s been all about “musical chairs” lately, he said, “people moving around Santa Fe because of better prices and better locations, but I wouldn’t say the market is healthy because there’s no new demand. Part of the problem is that there is

a lot of really aged product out there that is becoming obsolescent. In the historic district it’s going to take enormous amounts of money to either remodel it or refurbish it, or it just has to be torn down. It can be two or three times more expensive to refurbish than to tear down and rebuild.”

Also in the Dougherty firm are brokers Clara Dougherty, Jennifer Tomes, and Warren Thompson, who concentrate on the residential segment of the market.

About that, David said he has a theory: “We are dependent on other markets and always have been. It takes the other markets improving over a period of time and a development of comfort there before people can sell their homes in Chicago or LA and find that Santa Fe is a real bargain. That’s how we started in the 1990s, particularly the California buyers who were selling their houses for terrific amounts of money and seeing Santa Fe as a wonderful bargain. I’m

slightly optimistic that as those markets improve we will see improvement here.”

At present, inventory is just under 2,000 homes on the market in the Santa Fe area (down from about 3,300 before the crash).

“From what I’m hearing from our agents, it seems to me that the very good stuff has been bought up and now we’re getting to where finding quality product — well-designed, well-built homes — is a little more difficult.”

Santa Fe’s draw — hinging on the climate, the unique architecture, the intermingling of three cultures, the art market, the Santa Fe Opera, and other factors — is a powerful constant. There are few negatives, but one of them that has become more significant in recent drought times is the impact of forest fires: definitely bad publicity for people thinking about buying in Santa Fe. “Yeah, if we have another bad fire season, all bets are off,” Dougherty said. “The reason a lot

of people come here is the beautiful blue skies and clean air, and fires just eliminate all that.”

Asked for his outlook for 2014, he said he is not optimistic about the commercial real-estate market. “In the residential, I’m cautiously optimistic that those buyers in other markets will perceive our value and become more serious buyers.”

The lookie-loo phenomenon — people going out to look at houses with no real intention of buying, basically making a hobby out of it — appears to be subsiding.

“I do think the lookers got a little spoiled in 2009, 2010 and 2011 in that they would go out to look at houses thinking the market was still going down so they weren’t that serious. I do think we’ve reached the bottom, but some potential buyers aren’t convinced. They’re still thinking, ‘It’s overpriced. I’ll wait a while for it to come down.’

But I think those days are gone.

HOME

February 2014

19

The Boutique Brokerage Barker Realty, located in the historic Railyard District, has served Santa Fe as a family owned real estate brokerage since 1965. With a rich history and timeless dedication, we continue our commitment to Santa Fe real estate as the area’s only luxury boutique brokerage.

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Barker Realty, llc HOME

February 2014 21

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UNDER CONTRACT

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Barker Realty, llc 22

February 2014

HOME

28 S Double Arrow

Listed at

$1,050,000

UNDER CONTRACT Scan for Details See More on 802 Bishops Lodge Here

530 South Guadalupe St. Santa Fe, NM 87501 USA | +1 505 982 9836 tel | SantaFeRealEstate.com

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1000 Paseo de Peralta, Santa Fe, New Mexico 87501 • 505.982.4466 • 800.374.2931 • SantaFeProperties.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties ("SFP") strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser. SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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1000 Paseo de Peralta 216 Washington Avenue Santa Fe, New Mexico 87501 505.982.4466 • 800.374.2931

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19 BuckSkiN circle $9,995,000 • Territorial-style home, over 10,000 sq.ft. with custom designed details • Five en-suite bedrooms in the meticulously-crafted main house • Attached 1-br, 1-ba guesthouse with full kitchen, LR, laundry • Chef’s kitchen, two studies, grand indoor/outdoor spaces, pool • Wine cellar, library, outdoor dining, barbeque area, 5.88 acres • SantaFeProperties.com/201302695 laurie Farber-condon 505.412.9912

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22 eNTrADA lA cieNeGA $1,495,000 • Property includes an 8,600 sq.ft. heated car storage facility • Magnificent master suite, office/library, and formal living/dining • 360-degree views of the Sangre, Sandia and Ortiz Mountains • Next to the Santa Fe Canyon Ranch, overlooking Las Lagunitas • 3 br, 4 ba, 7,410 sq.ft., 19.6 acres • SantaFeProperties.com/201204490 Jim Weyhrauch 505.660.6032

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8 BONANZA TrAil $1,100,000 • A serene setting with spectacular views • Celebrates elegant interiors • Currently furnished as a seven bedroom home • A one bedroom guesthouse and a chapel • 3 br, 5 ba, 6,791 sq.ft., 3-car garage, 13.2 acres • SantaFeProperties.com/201304784 The efrain Prieto Group 505.470.6909

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All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties ("SFP") strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser. SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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Charming updated Adobe

Fabulously romantic Galisteo Village Compound

Environmentally Clean & Beautiful Views

This adobe main house is updated, charming with two bedrooms and two bathrooms, featuring high-beamed ceilings and updated fixtures. The contemporary casita is way cool, and would make a perfect office. #201304426

This walled acre has 3 unique dwellings totaling 5 beds, 4 baths; the 1800’s adobe is restored/updated, a detached fully appointed guesthouse and studio with a chef’s kitchen & theater. Fireplaces abound. #201205400

Northern New Mexican architecturally designed pitched roof. Pumice-Crete, huge views, courtyard, portals, and gardens on 6+ acres. Chef’s kitchen, 3 bedrooms, 2 baths, 2-car garage 3,100 sq.ft. heated. #201305685

1735 Jay Street

12 La Vega

5 Vista Del Mundo

$407,000

$1,799,000

$998,000

SEE uS AT ArTFEAST FEB 22-23

East Mountain Views Downtown

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Historic Frank Applegate Estate

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901 Calle Arco

El Caminito

1100 Old Taos Highway

$888,000

Las Campanas Hacienda

$3,300,000

Hilltop Adobe Minutes from Plaza

$898,000

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7 Falling Star Circle

6 South Camino Don Carlos

126 Vaquero road

$1,398,000

Northern New Mexico river Home

$1,285,000

An Extraordinary Adobe Cabin

$1,588,000

Investment Opportunity

Rastra pitched roof on 17 stunning acres. 5 bedrooms, 4 baths, basement and free standing art studio. Enjoy a rural lifestyle of peace and nature on over 1,000 sq.ft. of covered portals. #201304465

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51 rio en Medio, Cr 78B

169 Tierra De Dios

949 Agua Fria

$697,000

$445,000

$349,000

1000 Paseo de Peralta, Santa Fe, New Mexico 87501 • 505.982.4466 • 800.374.2931 • SantaFeProperties.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties ("SFP") strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser. SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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6952 Golden Mesa $289,500 A beautiful home with an excellent floor plan that includes 3 full baths, and 3 bedrooms. It features beautifully-landscaped outdoor living areas with drip irrigation system and separate formal living and dining area. Kitchen opens to the family and breakfast area. Solid core doors, kiva fireplace, A/C cooling. 2,186 sq.ft. #201300212

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7519 snow Blossom $225,000 Beautiful home with updated stucco, windows and hot water heater. Kitchen has granite counter tops, breakfast bar and dining area.

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1,410 sq.ft., 3 br, 2 ba. #201301380

la Pradera is a newly created nature-conscious and uniquely designed community that

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moDel Homes oPen saTurDay & sunDay 1-4

PoTenTial Conversion To CommerCial use

20 CaBallo viejo (loT 195) (model Home)

Coral Berry floor Plan $285,900 The Coral Berry is an open concept floor-plan with large windows and raised 10’ ceilings in the great room.

The kitchen flows directly into the great room, with a dining area off to one side. #201304134

sunflower moDel - Aptly named for its bright, sunny and open design, the Sunflower invites you

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70 la PraDera

unDer ConsTruCTion olivia floor Plan $285,900 Olivia floorplan - 1,582 +/- sq. ft. 3 bedroom, 2 bath. Grand 10’ ceilings in great room and master suite.

Gourmet kitchen with granite counter tops, built in microwave and breakfast bar. Large master suite with separate shower and jetted tub. 2-car garage. #201304146 “Haciendas Parade of Homes Winner!”

unDer ConsTruCTion 68 la PraDera girasol floor Plan $295,900 The Girasol is an open, flowing floor plan with the kitchen and great room at the heart of it. An octagonal entryway with vaulted 16’ ceilings opens into the main living area, which has raised 10’ ceilings. 3 br, 2 ba, 2-car garage. #201304144 contract pendinG Casa verde floor Plan $273,900 Casa Verde floorplan - 1,463+/- sq. ft. 3 bedroom, 2 bath which includes an attached 1 bedroom casita with 3/4 bath. Interior courtyard between main house and casita. Granite counter tops complete the gourmet kitchen which opens to dining and living areas. 2-car garage. #201304145

112 BosqueCillo

30 Camino saBanero (model Home)

sold $285,900 olivia floor Plan La Pradera Model Home: The Oliva Floor Plan, featuring approximately 1582 sq.ft. by Rachel Matthew Homes. This home features three bedrooms and two baths, grand 10’ ceilings in the greatroom. 2-car garage. #201305471

426 Brunn sCHool roaD $450,000 This is a great piece of land with residence, a 1.12+/- acre lot with potential to convert the zoning to commercial use for a better investment or additional homes. Surrounded by commercial and residential. Located just off of St. Michaels Drive and Brunn School. #201301326

lanD lisTings loT 13 HigH summiT $489,500 Truly the top lot in The High Summit. 360 degrees of absolutely fabulous mountain and city light views of Santa Fe and Los Alamos. Paved roads, all city utilities, best night views. Call to schedule a showing or for the gate code. 0.62 acre. #201002339 2618 summiT CourT/PrivaTe Drive, loT 30 HigH summiT $198,000 Vacant lot ready for your dream home to be built. Mountain living just minutes from historical Santa Fe downtown Plaza. Located in the community of Santa Fe Summit. All paved roads and underground city utilities. Spectacular views. #201305240 24 Calle CanTanDo contract pendinG $145,000 Great building site for custom home. 2.47 +/- vacant lot with mountain and city views located in Cerros Cantando Subdivision on the East Side of Santa Fe just off of Old Pecos Trail. Lot ready to be built on with well in place. Near medical facilities and convenient access to I-25 and Plaza. #201305231

BoB lee Trujillo

984-7305 or 470-0002 bltbroker@aol.com

renee Brooks

984-7301 or 470-1681 rccbrooks@gmail.com

1000 Paseo de Peralta, Santa Fe, New Mexico 87501 • 505.982.4466 • 800.374.2931 • SantaFeProperties.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties (“SFP”) strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser.

SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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February 2014 27

SANTA FE

®

PROPERTIES Facebook.com/SantaFeProperties • LuxuryPortfolio.com

SantaFeProperties.com

WEYHRAUCH & WRIGHT J I M W e y h r au c h Associate Broker Mobile: 505.660.6032 Direct: 505.984.7323 Jim.Weyhrauch@sfprops.com

Dan WrIghT Associate Broker Mobile: 505.819.1774 Direct: 505.984.7332 dansfp@hotmail.com

Price reduced! adobE HiLLtoP EStatE witH Car StoragE FaCiLity 22 ENtrada La CiENEga $1,495,000

LAND

Southwestern-style adobe overlooking dramatic 360-degree views. The 5,994 square foot main home has a magnificent master suite, office/library, formal living/dining, a comfortable kitchen, wet bar, and spa room. It is surrounded by walled courtyards and beautifully landscaped gardens. The property includes a 9,580 square foot heated car storage facility with a small office and bath, and a 1,416 square foot mobile home used as a caretaker’s house or office.

MLS #201204490

Las Campanas

building?

3 Sundance Circle ........................... $99,000........ 1.6 acres ...... 201304509 6 Tierra Vistoso ................................ $99,000........2.77 acres ....201204647 4 Rain Dance Court ........................ $99,000........1.38 acres ....201204638 32 Sunflower Drive.......................... $75,600........1.99 acres.... 201102591 57 Calle Mi Gusto, Lot 55 ............... $100,000 .....0.94 acre...... 201001212 8 Via Pampa, Lot 7 .......................... $100,000 .....1.06 acres.... 201001205 77 Via Pampa, Lot 98...................... $90,000........1 acre ............ 201001200 3 Calle Venado, Lot 26.................... $100,000 .....0.31 acre...... 201000747 3 Tecolote Circle, Lot 1.................... $90,000........0.38 acre...... 201000737

Aldea

32 Calle Lemita ................................ $59,900........0.16 acre...... 201201093 79 Avenida Frijoles.......................... $85,000........0.12 acre...... 201101627

NW Quadrant North

A-2, Las Dos III.................................. $699,000 .....62.43 acres 201300605 2971 Broken Sherd Trail, Lot 149 . $230,000 .....1.13 acres ....201006251

NW Quadrant South

Barosa Road, Tracts 1,2 & 3........... $180,000 ..... 4.45 acres ....201000824 Northwest Ranches, Lot 2-15 ....... $120,000 ..... 2.5 acres ...... 201204900 Lot 2-8..... $120,000 ..... 2.5 acres ...... 201005201 Lot 2-19... $120,000 ..... 2.5 acres ...... 201204901 Lot 2-17... $120,000 ..... 2.5 acres ...... 201005202 Lot 2-1..... $120,000 ..... 2.5 acres ...... 201005199

Rancho Viejo Highway 285/Eldorado Area

15 Rocky Slope Drive...................... $99,999........ 1.16 acres.... 201103302

debra Hagey 505. 984.7326 main 505. 670.6132 mobile 800. 374.2931 toll free debra.hagey@sfprops.com

15 S Rancho de Bosque.................. $149,000 ..... 2.5 acres ...... 201302314 53 Bishop Lamy Road .................... $89,000........ 1.02 acres.... 201300859 2 Tierra Sabrosa, Lot 5B ................. $149,000 ..... 10 acres ....... 201201608

1000 Paseo de Peralta, Santa Fe, New Mexico 87501 • 505.982.4466 • 800.374.2931 • SantaFeProperties.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties (“SFP”) strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser. SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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February 2014

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SANTA FE

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PROPERTIES Facebook.com/SantaFeProperties • luxuryPortfolio.com

SantaFeProperties.com

Unsure of the differences between a condo and a townhouse?

Curious about homeowner dues and what these dues include?

A condominium or townhome may be what you have been searching for: From small developments of 1 or 2 units, to large resort-style properties, there is a condominium or townhome property that fits your budget and lifestyle. Call one of our experienced real estate brokers to learn more about these and other properties in Santa Fe.

EaSTSidE MaGdalENa CoMPoUNd

Audrey Curry 670.1333

322 Magdalena, Unit 4

debrA hAgey 670.6132

$755,000

this adobe home has quintessential Santa Fe charm, just three blocks from the plaza. Features include brick floors and an elegant and comfortable living space. there are great outdoor spaces too, with a large roof top deck that offers great views of the mountains, sunsets and the lights of Santa Fe, and two patios, one with a water feature. 2 br, 3 ba, 2,025 sq.ft.

The Efrain Prieto Group 470.6909 SantaFeproperties.com/201305466

quail run community

3101 old Pecos Trail, Unit 102

$330,000

ed reid 577.6259

eFrAin prieto 470.6909

gAry boAl 660.1897

gwen gilligAn 660.0500

heidi helM 930.7020

JAnine deMArCo 920.3633

Jill Averill 577.5789

John herbrAnd 670.9668

JuliA gelbArt 699.2507

KriStin rowley 670.1980

lou gonzAleS 660.9099

SuSAn Kelly 690.5417

you will enjoy this plaza b floor plan, with two bedrooms, two bathrooms, a walled patio, and underground parking. the home has a large living room with fireplace, vigas, and a nice kitchen. it’s close to the clubhouse, and you will have 24-hour security, plus club amenities. this home is an end unit, with 1,291 sq.ft. of living space. 2 br, 2 ba.

Susan Kelly & Christy Stanley 690.5417 SantaFeproperties.com/201304534

railyard CoMMUNiTy CoNdo

985 agua Fria, Unit 107

$292,000

you will be delighted with this condo surprise! Surprising for so many reasons: the condo complex is a Santa Fe secret, tucked into a private lane off Agua Fria. Surprising because the location offers close proximity to the railyard, Sanbusco, guadalupe area, and of course – downtown. Single level, front and back courtyards, two bedrooms with private baths, 1,182 sq. ft.

Julia Gelbart 699.2507 SantaFeproperties.com/201305704

facebook.com/SantaFeCondos

1000 Paseo de Peralta, Santa Fe, New Mexico 87501 • 505.982.4466 • 800.374.2931 • SantaFeProperties.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties (“SFP”) strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser.

SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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February 2014 29

SANTA FE

®

PROPERTIES SantaFeProperties.com

Facebook.com/SantaFeProperties • LuxuryPortfolio.com

GAVIN SAYERS

WestsIde Cottage CLose to the pLaza 122 duran street - Charming, mostly adobe home with traditional features and modern amenities, very close to Downtown, the DeVargas Mall, the Railyard \Farmers Market. Located on a quiet street in an old Santa Fe neighborhood off West San Francisco.

Excellent value for its amenities, which include plaster walls, vigas, wood floors, fireplaces and walled gardens. 2 br, 2 ba, 1,526 sq.ft. mLs #201305899 $435,000

505.690.3070 | gavinsayers@juno.com

coming soon! outstandIng Contemporary Northside, pool, views $3 mILLIon range

NEW PRICE

InnovatIve northsIde Contemporary 1104 mansIon rIdge - Sleek light-filled contemporary home sited for sunset views.

The sophisticated design and walls of glass maximize natural light and solar gain. Large studio with loft office. On 1.7 acres, and only a five-minute drive from Downtown. 3 br, 3 ba, 3,342 sq.ft., 3-car garage. mLs #201300967 $1,195,000

northsIde ‘mId-Century modern’ 215 CamIno enCantado - Classic Bill Lumpkins home built in 1950 and authentically refurbished for modern living. Abundance of entertaining spaces. On two acres with 100 mile views but only two paved miles from Downtown off Bishop’s Lodge Road. 3 br, 2 ba, 3,600 sq.ft., 2-car garage. mLs #201200650 $895,000

Country passIve soLar home 114 Coyote rIdge traIL - Genuine country living on 2.2 acres only three miles to Downtown. Well-designed passive solar home with lots of Santa Fe style and major views.

Office/4th bedroom. Nice outdoor areas.

Adjacent to an arroyo/greenbelt. 3 br, 3 ba, 2,457 sq.ft., 2-car garage. mLs #201302149 $545,000

a tranquIL eastsIde adobe 447-1/2 CamIno monte vIsta a - Authentic (1930’s) adobe condo remodeled in 2012.

Romantic pied-à-terre loaded with Santa Fe style, with an office/studio/2nd bedroom option. Lush communal gardens. On a little lane off Old Santa Fe Trail convenient to Downtown. 1 br, 2 ba, 957 sq.ft. mLs #201302821 $425,000

Matthew Sargent adobe ConstruCtIon—perfeCt eastsIde settIng

hIgh vIsIbILIty CommerCIaL buILdIng

enticing views of several mountain ranges, this home offers the best of everything.

The spacious and tastefully-appointed Viking kitchen has two dishwashers, custom built hickory cabinets, a large center island, wine cooler, an enormous walk-in pantry.

Seven kiva fireplaces. 3 br, 4 ba, 4,510 sq.ft., 3-car heated garage, 0.56 acre. mLs #201304833 $2,475,000

commercial building on the corner of St. Francis Drive and Alameda. The building is currently used as an interior design studio and showroom and includes multiple offices, showrooms, baths, kitchen area and 1300+ sq.ft. of lower level storage rooms with overhead door access. Great on-site parking on a 0.55-acre lot. mLs #201102290 $1,775,000

authentIC adobe house & guesthouse near the pLaza

deLIghtfuL adobe home 3 bLoCks from pLaza

845 vista Catedral - On an elevated ridge in the heart of the Eastside, with 150 south st. francis drive - An award-winning renovation of a high visibility

Cell: 490-1718 Matt.Sargent@sfprops.com www.MatthewSargent.com

1013 placita don andres -

With authentic and traditional Santa Fe style, this adobe hacienda is located on the near northeast side, 1.3 miles from the Plaza.

Classic and timeless details include brick floors, 10 kiva fireplaces, hand-hewn corbels and latillas, and plaster walls. Enjoy spectacular views, city water and a private well, plus a premiere indoor pool. 4 br, 5 ba, 7,200 sq.ft., 5-car garage, 1.06 acres. mLs #201304766 $1,595,000

322 magdalena, #4

- A superb setting heightens the appeal of this Magdalena Compound Condo, just three blocks from the Plaza. This wonderful home offers an elegant and comfortable living space and great outdoor areas, including a large roof top deck with mountain views, sunsets and the lights of Santa Fe. This is a delightful and rare offering! 2 br, 3 ba, 2,025 sq.ft. mLs #201305466 $755,000

1000 Paseo de Peralta, Santa Fe, New Mexico 87501 • 505.982.4466 • 800.374.2931 • SantaFeProperties.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties (“SFP”) strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser.

SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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February 2014

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SANTA FE

®

PROPERTIES SantaFeProperties.com

505.690.5417 susanekelly@msn.com

Facebook.com/SantaFeProperties • LuxuryPortfolio.com

505.660.3748 christystanley@msn.com

2726 Alamosa Drive - $175,000

505.470.6909 mysantaferealestate.com

This 1960’s Stamm home in the Carlos Rey Subdivision is a clean slate ready for your special touches. It is freshly painted with refurbished oak floors and new kitchen counter tops, sink and faucet. The large enclosed back yard has apricot trees and an opened-ended shed. Conveniently located near Miles Park and numerous shopping centers. 3 br, 1 ba, 1,335 sq.ft.

Santafeproperties.com/201400025

WE HAVE buyers LOOKING FOR YOUR HOME in Las Campanas

List your property on the No. 1 Web Site address for buyers looking for “Homes In Las Campanas”

Homes in Las Campanas

#1

HomesInLasCampanas.com #1 on Google

92% of home buyers use the internet in their home search* *National Association of Realtors 2013 Profile of Home Buyers & Sellers

We offer the most direct, most highly-focused and targeted search term website for homes in Las Campanas. Contact us today to list your property and sell your home.

See our comprehensive Market Analysis on Home Sales in Las Campanas.

Go to HomesInLasCampanas.com for more information.

Don DeVito mobile: 505.690.1866

Matt Desmond mobile: 505.670.1289 info@HomesInLasCampanas.com

1000 Paseo de Peralta, Santa Fe, New Mexico 87501 • 505.982.4466 • 800.374.2931 • SantaFeProperties.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties (“SFP”) strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser.

SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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February 2014 31

OutandAbout

She’s ready with her masks

Donna and Yancy check out a mask for the Masquerade Charity Ball

Lisa (Meridian Property Management Group) is glad to be back with her old pal, Jeff (Jeff Snodgrass Realty)

Candy Brenton, and her winning photo, titled Moon Over Loretto Chapel

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Darlings, Before you do anything else, I want you to get your calendar out and circle the upcoming date, Monday, March 3. Then start thinking about what you’re going to wear to the Masquerade Charity Ball at The Club at Las Campanas 6-10 p.m. that evening. Kiddos, when I first heard about this event, I immediately knew what I’d wear. But then I realized that if I didn’t lose my proverbial 10 pounds, I’d be choking myself to death in my Spanx (egads), so I had to rethink my outfit. That led me to a better idea: wear something unstructured (a stylish fashion term for shapeless) that flows on the dance floor, and concentrate on the mask itself. Which then led me to the next step, finding the perfect mask. Wow. I spent hours online (Vivo Masks, Chicago Costumes, Oriental Trading Co., Party City, Pier One Imports, Amazon, etc.) looking at the most dizzying array of fabulous masques — feathered, glittered, bronzed, gilded, Venetian carnival masks, Mardi Gras masks — in all prices ranging from $7.99 to $79.99. Well, wouldn’t you know, kittens, I had to buy several, because they were simply too beautiful.

But I justified it by saying that a mask is easier

to change several times during an evening than an entire outfit. Now, pumpkins, I can hardly wait for the ball.

Oh, yes, the Masquerade Charity Ball. It’s hosted by the Santa Fe Association of Realtors, and it’s the brainchild of SFAR’s Community Services Committee, which is chaired by the most energetic and upbeat woman I’ve met in a long time, Donna Delgado (escrow officer, Rio Grande Title). She, in turn, appointed the second most energetic human being, her committee member, Yancy Whittaker (Coldwell Banker Trails West), to spearhead the gala.

Tickets are $100 per person or $175 per couple (just like with Noah’s Ark, love bugs, couples get preferential treatment), with 100 percent of that money going directly to Dollars 4 Schools, a tax-deductible Santa Fe Community Foundation charity. Dollars 4 Schools is a favorite recipient of the Community Services Committee’s fundraising events, because the real estate community believes so strongly in the education of young people as our guarantee to a successful future. If you remember, gumdrops (and if you don’t, I’m here to remind you), Dollars 4 Schools was started a few years ago by longtime Realtor Pat French.

So, butter beans, how do I love this event?

Let me count the ways. 1) March 3 is the day before Fat Tuesday, so this counts as our Mardi Gras party. 2) It’s an event for the whole town, so we can get down and party with Realtors while getting the inside scoop on the state of the market. 3) Lots of dancing, kind of like Michelle Obama’s 50th, but with more food and an auction with great stuff thrown in. 4) $1,000 prize for the best costume (uhoh, I may have to rethink “unstructured”). 5) After enjoying a fun-filled evening, you can feel good knowing that (I repeat) 100 percent of all proceeds from ticket sales will be going directly to Dollars 4 Schools.

Okay, okay, okay, dear hearts, what else is new? One sign of our improving real estate market is the increase in the number of new Realtors, as well as the return of old ones.

Don’t get me wrong, cupcakes, Lisa Bybee,

O A K LEY TAL B O T T

(formerly Santa Fe Properties) isn’t old in the chronological sense, but she did take a break during this last downturn, and now she’s back with a newly formed company of her own, the Meridian Property Management Group.

During her break, Lisa taught English at St. Michael’s High School for 2 1/2 years. Back in the ’90s, she spent time in Germany and the Czech Republic teaching English as a second language. Much as she likes English, she’s glad to be speaking the language of real estate again, and we’re glad she’s back.

Kudos to my good friend Candy Brenton (marketing director, Santa Fe Properties).

She is the 3rd place WINNER in New Mexico Magazine’s 13th annual photo contest. Yes, buttercups, with 278 entrants from 28 states and four countries, and with 1,670 photos submitted, our Candy came in third. Just in case you were unaware of this little known fact, New Mexico Mag was launched in 1923 and is the first state magazine founded anywhere in the nation, preceding Arizona Highways. (My god, creampuffs, finally, we’re first in something!)

Candy has been a photography buff since she was a teenager (I know, I know, she’s barely beyond that now). It all started in Homer, Alaska, where she captured frozen landscapes with her first camera, a Pentax ME Super. Her winning picture for NM Magazine, Moon Over Loretto Chapel, was taken with Candy’s newest and (she thinks) dreamiest camera ever: a Canon 5D Mark III. I’m very impressed with this, shutterbugs, because I’m still using my Samsung 5X Zoom (I haven’t even graduated to my iPhone yet).

So long, sweetpeas. I’ll see you at the Masquerade Charity Ball… Oakley Oakley Talbott can be reached at merrilypierson@me.com

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February 2014 33

KAREN WALKER REAL ESTATE LTD. CO

205 Delgado St., Santa Fe, New Mexico 87501

Email: walkerre@aol.com • www.karenwalkerrealestate.com

A TRuSTED NAME SiNCE 1975

EW G N TiN S i L

801 OLD SANTA FE TRAIL $896,000 EASTSIDE ADOBE in the Territorial Revival Style. Sculpted metal ceilings, hardwood floors, large original windows. Located between the Plaza and Museum Hill. Additional assets are an art studio, generous grounds and gardens, and carport. This “Historically Significant” home is a treat to see and to live in.

MLS # 201400327 Karen 670-2909

Historic Districts Water & Soil Issues Cultural Resources

T AC G TR IN N D COPEN

T AC G TR IN N D COPEN

1922 FORT UNION DRIVE $435,000 Walkable to Museum Hill and Café, the Wheelright Museum and Spanish Colonial Arts collection. 1960’s home with good bones; brick floors and vigas. +/- 2422 sq. ft., 4 br, 2 ba, 2 fireplace and 2 car carport.

MLS # 201305829 Karen 670-2909 Jim 699-9210

209 DELGADO $1,350,000 An EASTSIDE PARCEL BETWEEn Canyon Rd. and the Plaza! Month to month rentals. Zoned Residential compound 8 unites per acre. Land to build more homes, condos, subdivide?

MLS # 201205306 Karen 670-2909 Patrick 670-4640

OFFICE 982-0118 • KAREN 670-2909 • PATRICK 670-4640 • JIM 699-9210

IS YOUR HOUSE SINKING?

RESIDENTIAL COMMERCIAL

STABILIZING YOUR HOME WITH HELICAL PIERS

MONUMENTS

Arresting the movement of buildings is one of the most challenging aspects of our work. Over the years we have dug under foundations to repair them; injected cement grout under high pressure to stabilize them; and removed and replaced them. Nothing, however, is more elegant than our current technique, using the helical pier.

RANCHES

THE WARNING SIGNS n Stairstep cracks n Diagonal cracks from windows n Floors out of level n Cabinets separating from walls n Corners separating n Slab cracking

505/982.2448 info@crockerltd.net www.crockerltd.net

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A helical pier is comprised of a solid steel shaft with one or more helices attached. A helix is one pitch of screw; imagine a wood screw that instead of having a continuous thread, has only one full turn. The advantage of having individual helices is that, unlike an auger, the soil is not displaced.

We screw the piers into the earth beneath a house using hydraulic equipment that can fit in very small spaces. Once in place, a bracket slides over the pier shaft and bolts to the footing. We can then use hydraulic jacks to transfer the load from the bad soils to the shaft of the pier. A pier every 8 feet or so along a concrete footing will support even the heaviest wall. Because piers are installed below grade, the appearance of your home is not altered.

n Doors and windows out of square

Helical piers are self-engineering in that there is a proportional relationship between the torque it takes to install them (which we measure) and the load they will bear. Thus, if we achieve 5,500 foot pounds of torque at installation, the pier will bear 55,000 pounds of load.

Call today for a free onsite evaluation.

Simplicity, elegance, and affordability make the helical pier state-of-the-art for solving settlement problems. ~Ed Crocker

n Grout missing on tiled floors

UnderstandingAdobe

Let it move “Those who survived the San Francisco earthquake said, ‘Thank God, I’m still alive.’ But, of course, those who died, their lives will never be the same again.”

— Senator Barbara Boxer, D-Calif.

Senator Boxer is indisputably right.

Well, correct. Earthquakes change things.

They have also led to more research, engineering fees, and escalated insurance premiums than any other building challenge on the planet. Discussing earthquakes right now is as timely as it has ever been. There has always just been one, somewhere.

I have long been intrigued by the performance of adobe buildings in earthquakes. Contrary to accepted dogma, a well-designed and well-built earthen building will behave really well in a tremor, even a big one. This is because, being the oldest building material on earth, people have had a lot of time to perform due diligence as to its limitations through trial and error.

There are many, many aseismic elements found in ancient, standing earth and stone buildings as well as in archeo-

logical sites. They usually occur either as slip-joints between horizontal sections of masonry, or as mechanisms to bind corners of walls.

In a 1990 paper, Lazar Sumanov refers to “wooden belts” in the earthen buildings of Macedonia. The wooden grid in those applications consists of two parallel beams that are connected by smaller cross-pieces forming a horizontal “ladder” that is embedded in the perimeter adobe walls. Those buildings, all with multiple stories and well over 100 years old, have been subjected to repeated seismic events.

They have withstood the shocks practically with impunity. The timber-lacing functions by lending a degree of flexibility to otherwise extremely inflexible and friable walls. The division of the mass into several planes tends to allow the segments to work independently of one another during an earthquake. Because the belts are embedded in the walls and tied at the corners, the weight of the adobe above and the joining of the beams where they meet combines the advantages of gravity and tensile strength to diminish the threat of shear cracking and wall separation.

Ladder belts, as they have come to be known, are an effective method of bonding corners of walls that are differently loaded or have been separated for whatever reason. In New Mexico we have modified the technology slightly by using 4 x 6 beams. The four-inch dimension allows for the adobe coursing to be vertically uninterrupted. Instead of mortising and bolting, we lap and drop a single, loose fitting pin at each joint. The idea is not to make a rigid structure, but to allow for whatever flexibility local conditions require, now or in the future. We anticipate movement.

Timber lacing does not have to be continuous to be effective for tying corners at intermediate heights, but should extend at least six feet into each wall. At changes of story or at bond beam height, the lacing should be continuous. We have done this, even in retrofits of very old buildings, very successfully.

The lessons we have learned from vernacular builders are ignored at our own risk. One of the greatest killers among buildings, if I may anthropomorphize them, are the ones that have been built

ED C R O C K ER

rigidly. Those that purposefully or inadvertently are allowed to rock out, even when built of soft materials like adobe, are the safest and most successful.

There are two reasons to pursue stability in structures during earthquakes. The lesser of the two is to minimize repairs.

The greater of course is life-safety, as Sen. Boxer so poignantly articulated.

Edward Crocker (982-2448 or eec@ crockerltd.net) is a principal of Crocker Ltd. Architectural Conservation, which specializes in historic-preservation contracting and consulting. He is a trustee of the International Council on Monuments and Sites.

MortgageMatters

What is QM? Oh boy, more government regulations affecting consumers seeking mortgage loans that are eligible for Fannie Mae, FHA and Freddie Mac pricing. Could this be the last? We can only hope. However, for now the letters QM or qualified mortgage need to be understood and dealt with, like it or not. It is one of the final pieces of the Dodd-Frank Act. Whew!

On Jan. 10, QM went into full swing.

It contains two main terms we all need to understand: “ability to repay” and “qualified mortgage.” Ability to repay is merely a refocus, once again, on the borrower’s income, credit and liabilities. If you have a mortgage, you surely went through this taxing scrutiny. It is the name of the game.

So, what’s new? Extra scrutiny on the borrower’s income calculations and a new limit of 43 percent debt-to-income ratio.

A qualified mortgage is defined somewhat differently than mortgages have been for the last three decades. Negative-

amortization loans, interest-only loans, loans exceeding 30 years, and balloon loans are not allowed. Also, a limit has been set on the fees normally paid to the mortgage companies or banks and may not vary even for the benefit of the borrower. Generally, under QM, the limit of points and fees associated with a home loan is now 3 percent of the total loan amount.

What is wrong with this? It sounds like these new QM rules will keep consumers from making unwise mortgage decisions.

Yes and no. Qualified borrowers have long enjoyed the options of interest-only loans, balloon loans with lower rates, and amortizations longer then 30 years, but not any more.

Remember, also, that these rules are only for loans eligible for Fannie Mae, FHA and Freddie Mac, which means that jumbo loans are not part of the QM definition.

Most of the details in the QM regulations test the resolve of lenders and homebuyers will never see the complexity involved. So what is the bottom line for the consumer? Associate yourself with a lender possessing experience and knowledge to guide you through any new regulation.

All regulations that make the lending world more complex have the result of shrinking the available lenders that can complete your home loan. For the last three to five years, mortgage companies and loan officers have been leaving the business. Eventually, this trend may result in higher costs for loans because of less competition.

For the family looking to buy or refinance, my continued advice is to find a trustworthy and knowledgeable loan officer as an ally and proceed to accomplish your goals. Ignore the new QM regulations implemented on a national level.

JIM G AY

Let your chosen loan officer deal with any changes in the mortgage world.

Jim Gay was a real- estate broker for over 20 years and has been a consultant to Fortune 500 companies. He is currently a broker/owner at Home Buyers Mortgage and can be reached at 986-9080 or jim@ jimgayhomemortgage.com.

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February 2014

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WaterenergyNexus

Water and energy - the future As we enter a new year and consider what the future may hold, many questions revolve around water and energy. Will the drought end? Will fire impact our watershed? Will the river flow this summer?

Will the monsoons happen? How much will my utility bills go up this year due to increasing summer temperatures?

Conservation has been a big part of the solution to our ever-increasing energy and water needs. Cities and private utilities across the country, including Santa Fe and PNM, have implemented conservation programs in an effort to reduce consumption, and they have played a role in reducing our daily intake. However, technology has also played a key role in both water and energy usage. Old washing machines used up to 35 gallons per load whereas new ones can use as little as 6.5 gallons. Old faucets and showerheads could use more than five gallons a minute; now new EPA Water Sense-approved

aerators can use as little as one gallon a minute.

It is no different on the energy side. Old light bulbs used four times more energy than the newer CFLs and almost 10 times as the newer LED bulbs. Today’s water heaters can save up to 40 percent over older models. Improved efficiencies and lower prices (due to improved manufacturing efficiencies) have helped in part to drive down photovoltaic prices and thus spur demand for solar energy. In fact PV cells have dropped an astonishingly 99 percent since 1977.

In addition to technological advancements, improvements in efficiency as well as re-using and recycling have reduced our water and energy footprints. Over the last decade prices for energy and water have gone up faster than the rate of inflation and this trend will likely continue.

What alternative do we have for water, electricity or gas? New technologies are

Building permits

Univest Rancho Viejo LLC, 36 Via Punto Nuevo. $173,074.

Century Bank, 46 La Pradera. $110,000.

Gardner Associates, 14 Canto Del Pajaro. $179,164.

Erasmo Estrada, 11 Calle

SANTA FE COUNTY building permits issued from midDecember to mid-January included the following:

RCS TT SOUTH LLC, 54 Sunset Canyon Ln. $83,000.

essential if we are to continue reducing our carbon and water footprints.

Technology alone can get us only so far.

Behavior changes will also be required to sustain our ever-increasing population.

The intent of the case study articles will be to highlight a few individuals who are thinking way ahead of their time — people who have employed old and new technologies to break away from the norm. These case studies are not intended to highlight what we all should do, but to showcase what is possible.

As our population increases, it becomes more and more essential that we reduce our water and energy footprints. Technology can reduce the immediate pain of this transition as we all get used to a “new normal” of using less. I am excited about many of these emerging technologies and look forward to a more sustainable future.

I sincerely hope this series of articles will encourage and motivate you to move

Vento West. $400,000.

Tom Winfrey, 99 Ave. Frijoles. $195,000.

Adobeworks Inc., 122 Mejor Lado. $260,000.

Homes 110,000 110,000 115,000 115,000 124,000 127,000

129,500 130,000 142,500 148,000 155,000 169,900 170,050

173,500 175,000 177,000 190,000 195,000 195,000 205,000

Homes 187,000 497,000 545,000

205,000 205,000 210,000 210,000 214,900 215,000 220,125

Homes 54,000 160,000 197,000 207,000

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224,602 235,000 240,000 258,500 282,000 285,000 306,000

207,500 210,000 230,000 276,525 345,200

599,000 625,000 671,600 1,200,000

309,346 310,000 370,000 382,000 431,000 Land (None)

450,000 485,000 685,000 Land $75,000

Land 40,000 59,000 100,000

forward with me.

Doug Pushard, founder of the website www.HarvestH2o.com, has designed and installed residential rainwater systems for over a decade. He is a member of the Santa Fe Water Conservation Committee, a lifetime member of the American Rainwater Catchment Systems Association, and an EPA WaterSense Partner. He can be reached at doug@HarvestH2o.com.

Building permits issued by the CITY OF SANTA FE during the month of December included the following:

— 3167 Viale Cetona. $228,580.

Infinite Ambitions, 5310 Joshua Ln. $205,000.

Vistancia LLC, 3157 Viale Cetona. $228,580.

Recent Home & Land Sales Sales data for the period Dec. 19-Jan. 18 from Santa Fe Association of Realtors MLS reports. Not all sales are reported.

D O U G PU SH A R D

Homes 550,000 719,900

Homes 110,750 225,500 239,900

1,100,000 1,274,870

1,785,000 1,825,000

Land 24,900 29,900

50,000 55,000

Homes 215,000 249,500 250,000 275,000 298,500

Homes 60,000 85,000 226,000 240,160 278,500 290,000 300,000

Land (None)

310,000 385,000 418,000 435,000 622,500 740,000

315,000 315,000 335,000 340,000 370,000 470,000 470,000 510,000

765,000 785,000 825,000 875,000 Land $930,000

539,000 651,000 684,000 807,000 911,125 Land $145,000

county

Homes 220,000 225,000 227,000

245,000 266,500 306,000 310,000

Land (None)

Homes 232,000 255,000 440,000 600,000 615,000

623,500 725,000 Land 10,500 901,000

Now Is The TIme To sell!

Team R & L

D i s t i n c t i v e P r o p e r t i e s - E x t r a o r d i n a r y B r o k e r s 505.465.9597 Hablamos Español

14 Tano Road - $1,250,000 Impressive architecture, custom woodwork, and tasteful styling abound in this luxury home and guest house. With 360-degree views of Santa Fe’s surrounding mountain ranges, the property instills a fresh sense of wonder of the incredible beauty of the landscape. Inside, high function seamlessly flows with an intuitive layout that creates quiet spaces in an open floor plan. Custom cherry cabinets and woodwork throughout the house soften the natural light. 5BR, 4.5BA MLS# 201400114 4358 laughing Crow

30 Calle Prado

Tucked away, but conveniently located, this townhouse could be exactlywhatyou’relookingfor.3BD, 2BA $235,000 MLS#201400043

7505 Kachina loop

A thoughtfully landscaped front yard greets you at this peaceful home. 4BD, 3BA $265,000 MLS#201305066 505.983.5151

e

t trac n o rC

Und

4733 sundial way

A sense of nature permeates this quiet la Cienega home.

4BR, 2BA $259,000 MLS#201400077

Antigua Model BT Home. Vaulted ceilingsinthelivingroominviteyou into a spacious home. 3BD, 2BA $195,000 MLS#201304724

89 Rito Guicu

93 Camino Cab

High ceilings and skylights help to accentuate this home’s many beautiful features. 3BR, 2.75BA $425,000 MLS#201306075

www.SantaFeLuxuryRealEstateOnline.com 130 Lincoln Avenue Suite K, Santa Fe NM

Beautiful views, a great open floor plan, and covered wraparound portal offer options for the entertainer in you. 4BR, 3.5BA $615,000 MLS#201305876

D sol

GLOBAL PROPERTY SPECIALIST

HOME

February 2014 37

SocialNetworking

First impressions count The power of social networking online is all about engaging in conversations with people you know, like and trust. How you use social media is the main activity that creates your power, presence and influence as a social networker connected to others in real time by mobile devices and the internet. Before you can even engage others for your business or social life, you must first connect with them. This is how first impressions make all the difference in the world.

Think about your face-to-face networking experiences for a moment. Imagine you are entering the room at a social or business event. You know you have only a few minutes to make a favorable first impression. Within three minutes, you are already being evaluated by everyone who saw you. Those who do not know you are noticing how you look and carry yourself.

This is human nature. We are always looking at each other. We tend to size each other up in those first few minutes.

If we want to connect with the new person, we will make a mental note to engage. If the social signals are inappropriate or negative, we step back and choose not to connect. When you make a positive first impression, people are focused on you. When you make a poor impression, you lose their attention, and possibly their business and social connections. The choice is yours.

Now welcome to the real world online in real time. This time you only have three seconds to make a favorable first impression. Your online social networking site, whether it is Facebook or Twitter or LinkedIn, to name a few, is more like a virtual room. The difference is you are there 24/7. How you look at 9 a.m. is just as important as how you look at 3 a.m.

Your profile image is what people see first.

This is what you project to anyone on your social media sites. This is the image found by anyone who searches for you by your name. Your portrait is a thousand

unspoken words. Your facial expression can make others feel comfortable or just the opposite.

Do a Google image search for your name and take a look at yourself. It is critical to see yourself as how others see you online! Is it time to change your profile?

If yes, focus on the impression you want to make and hire a professional to create one. Again, the choice is yours.

Social media has evolved in ways that allow us to promote ourselves and our businesses as well as our ideas, passions and opinions. We can begin a new business with one tweet. We can provide customer service on Facebook. We can receive a job offer from a LinkedIn connection.

It may take a new mindset to get in the habit of always making a new and improved “first” impression when online. If you are interested in being a powerful social networker, your behavior and actions must always back up the first impression

EMILY MED V EC

you want to create online. Actions like first impressions count.

See you online.

Emily Medvec (buysantafehomes.com) is an associate broker with Keller Williams. For help to sell or buy real estate, call 505-660-4541. Emily’s other passion is how social networking changes how we communicate. Follow her on Twitter @ emilymedvec.

Yourmoney’sWorth

Santa Fe real estate a terrific value These are unprecedented times. In the past, we had to guess when the Federal Reserve would make changes that would affect interest rates and the bond/stock markets. Now the Fed has announced the tapering of the bond-buying program and the path is clear.

Interest rates: Last May, the Fed clearly said it would end the government bondbuying program by 2015. This is the stimulus we have relied on for the last several years to keep rates in the 3’s, 4’s, and soon the 5’s. Without this stimulus, we expect to see 30-year, fixed-rate loans return to normal levels this year or 2015.

What is “normal?” Mid 6’s. Over the last year, I wrote several articles urging you to grab the gold while rates were in the 3’s, and then to grab the silver while rates were in the 4’s. Now it’s Olympics time again: last call to grab the bronze while rates are in the 4’s.

Bonds: When the Fed announced the prospective end of the bond-buying program last May, we saw interest rates on 30-year, fixed-rate mortgages climb 1 38

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percent and more. However, something even bigger occurred as a result: there was a sell-off of long-term Treasury bonds, causing a drop of nearly 16 percent in prices over five months in 2013.

As a rule, Americans hold conservative bonds in their AAA-rated U.S. government bond funds, municipal bond funds, corporate bond funds, and balanced and income funds. 2014 is not going to be pretty. Economic forecasters suggest that it’s time to sell bonds. Who can afford a loss of 15 percent, 20 percent, or even 50 percent in 2014? For every 1 percent increase in bond rates, you can anticipate a 10 percent drop in values.

Many speculate that the bond bubble will burst as the Fed begins its announced “Taper.” This gradual end to the bondbuying program begins with a reduction of $10 billion per month this year.

Markets are anticipatory: they often react to projections. We saw a 52-week high on the 10-year bond cross 3 percent recently.

There are more increases to come.

As bond prices reach highs and as

stocks flirt with record highs, consider cashing out, profit taking, and buying Santa Fe Real estate. It remains undervalued and presents a great opportunity.

Don’t just take my word for it. Last March CNN Money called Santa Fe one of the five best markets in which to buy a home and said prices are forecast to rise 9.1 percent annually over the next five years — the second highest price gain in the nation. In an earlier article, CNN Money quoted a Fiserv-Case Shiller estimate that the Santa Fe market would be one of the strongest in the nation, with an annualized increase of 7.6 percent through 2016.

Lawrence Yun, chief economist for the National Association of Realtors, projected continued growth for local real estate during a December address to the Santa Fe Association of Realtors. He pointed out that median prices increased 16 percent in 2013, the market bottomed out in 2010-2011, and there is inventory to support increased sales.

No need to pull out the crystal ball on

FR A N C IS PH ILLIPS

this one. The Fed has stopped hinting and announced the taper. Buy Santa Fe real estate while it is still a terrific value.

Francis Phillips (FPhillips@fcbmtg.com) is senior mortgage loan originator with First Choice Loan Services in Santa Fe. He has served as director of business development for national mortgage companies.

He and his mortgage partners have funded and built three homes for Santa Fe Habitat for Humanity.

PROFILE Patrick Thomas

This interview series focuses on the people in Santa Fe’s real-estate industry. Patrick Thomas is the new qualifying broker at Coldwell Banker Trails West Realty.

You were formerly in charge of sales out at Rancho Viejo — since the late 1990s?

I was there for 14 years. They began building houses in 1999. I was with them starting in early 2000.

The property was an old ranch, wasn’t it?

It was ranchland and five families bought it [from the Jarrott family] in 1981. That was Larry Myers, Leland Thompson, and others. Warren Thompson, Leland’s son, is still very much involved.

There were a lot of houses built out there.

Maybe 800 homes before the recession hit. In 2009, I had 72 closings. That’s when we had the federal credit for first-time homebuyers. The original developer was Sun Cor, which was owned by Pinnacle West [Capital Corp.], which also owns Arizona Public Service Company. A few years ago, the Pinnacle West board decided to get out of real estate; Sun Cor had projects all over the West. They actually shut me down from executing any new contracts in mid2010. The deal was supposed to be done in the summer, then it was Halloween, but it ended up not closing until Dec. 27. They had me twiddling my thumbs for six months.

And now?

The owner/developer now is Univest Rancho Viejo LLC. Warren, who grew up in Santa Fe, is one of the principals, so now it is more back in local control, which is a good thing.

How did you make this switch?

Quite honestly, my intent was to stay there until I retired.

Jonnalyn Grover needed to step down as qualifying broker here to focus more on family and I was approached by Mike Nelson, who is the owner of Coldwell Banker in Alamogordo, Ruidoso, and Santa Fe. I was ambivalent over making that change, but they made me an offer I couldn’t refuse.

It was a big change after being part of a big project like Rancho Viejo.

Yes it was. It was under wraps until the day I was announced, Nov. 19, 2013. I came in for the typical Tuesdaymorning meeting and got this very long standing ovation. I was overwhelmed.

Did some of the brokers know you?

There was a small group — including Suzanne Field Kelly, Carol Day, Colleen Dearing, and Suzanne Brandt — who were at Coldwell Banker the first time I worked here. I moved to Santa Fe in 1995 and I was with Coldwell Banker for five years, first with John Grover, then Chuck McKinley.

In 1999 I was in the top 5 percent of all Coldwell Banker

Photo by Paul Weideman

agents and that’s why I was recruited by Rancho Viejo.

How many agents were there at CB back then? And how many are there now?

In 1999 there were 45 or 50 and now we have about 30.

I’d like to grow us back to around 50.

The company lost about 20 agents in the financial crash.

Yes. I think we all remember September 2008, the Lehman Brothers, AIG, and Goldman Sachs all practically went belly-up and that was all closely linked to real estate. I don’t think any of us as Realtors could have predicted how deep and long the market downturn would be. If you look historically, they’ve only lasted a couple of years. Even places like Phoenix, Las Vegas, and Florida that were hit hardest are booming again. I think our market has stabilized. I think we will see slight, incremental improvements.

The initiatives opening up homeownership to more people sounded good, but there was more danger that some would not be able to keep up with payments.

That was it. I remember I had one couple in their 20s, all starry-eyed, saying they were prequalified to spend $450,000. I became very parental, saying, ‘This is your first home and I don’t want you to be house-poor. Come the weekend, it might be nice to go out for a burger and a movie.’ I tried to talk them out of it. At Rancho Viejo we

had estate lots typically $650,000 to over $1 million and we would have people come out wanting an acre of land and here’s our budget and I would say, ‘We can’t fulfill that; you should go check out Eldorado.’

I try to instill in our people here that we’re experts.

People come to us the same as they would a doctor or an attorney looking for advice. It’s our responsibility to be the experts and offer sound advice. Not unlike when you go to an attorney, you want to know your options.

Where were you born?

Las Vegas, Nevada. When I was 12, my parents decided that wasn’t a good place to raise teenagers so they moved us to Lubbock, Texas. I graduated from high school there and I left. I graduated in communications from Abilene Christian University, moved to Dallas, and got a master’s at University of North Texas in counseling psychology with an emphasis in family therapy.

I was in private practice as a family therapist for 23 years.

I was on staff at three different psychiatric hospitals, then managed care hit the mental health part of the health-care industry like a tsunami and it soon got to feel like my main job was fighting with number-crunchers to get treatment for my patients. It was no fun any more and I decided to move. I wanted a smaller city with an arid climate, close to mountains, and with cultural amenities, and it was that fourth component that set Santa Fe apart.

My first idea was to be a corporate trainer, but ultimately I chose real estate. I did my coursework in Dallas and started here at Coldwell Banker on March 1, 1995.

Northern New Mexico is a unique market.

My first year I closed $2.2 million but I was butchering the names of all the streets. One day someone stuck a Postit note about that on my computer and I turned around smiling and said, ‘I may not be able to say it but I can sell it!’

Why Coldwell Banker?

This company has a ton of educational programs for new agents and great statistical information and marketing tools. If you ask our agents what they like about Coldwell Banker you hear that it’s like family, the most supportive, collaborative company they’ve ever worked at.

Are you married?

I’ve been married for 20 years. This was my second marriage; I was single for 10 years before Sarah and I got married. She was a social worker and clinical director at a shelter for battered women in Dallas. We have a 12-yearold and a 9-year-old, and six grandchildren. It’s a modern family. After our youngest started school, Sarah decided to get a second master’s, in education, and she’s a teacher at Turquoise Trail Charter School. We both have second careers.

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TitleNews

About encroachment issues Home ownership means many responsibilities and opportunities, including designing your own landscape and remodeling the interior of your new house.

Your home becomes an expression of you and it very much affects your neighbors.

Renovation changes and view must be within guidelines of property encroachment law.

Home ownership represents limitations when property lines are in question. Every single home has boundaries. They can be found on your survey. Knowing these measurements and knowing the limits can save you stress, disappointments, and broken relationships with your neighbors, especially about where your property ends and theirs begins.

Real estate encroachment happens when one property has its home or other property, personal or real, such as fence, bushes, or garage that extends from one property over another property. If you are

buying a property and the encroachment exists before you purchase, the owner that has the encroachment is not required to remove it. Both you and the property owner with the encroachment have rights.

Only the court can make that ruling if everything else fails.

Title insurance may help if the encroachment is not an exception in the policy. The survey will reveal the encroachment. The encroachment may be disclosed prior to closing or at closing.

If you are the owner of the encroachment as the buyer you may want to take actions before the closing to remove your encroachment. If your new neighbor is the owner of the encroachment it will be revealed on the survey and it will appear as an exception in the title policy.

Before you take any legal actions against your neighbor consider the following: • Have a face-to-face visit to discuss

your reasons to remove the encroachment.

• Listen to your neighbor’s reasons for the need of the encroachment.

• Consider a new survey to define the boundaries and share the survey with your neighbor.

• Attempt to resolve the issue peaceably where both sides win.

• Always consider the impact that will be made if you force your neighbor to pay the cost for removal.

Title insurance is a valuable resource to resolve this issue. If the encroachment is an exception in the policy you may not have any recourse but to attempt to work it out with your neighbor personally or wait for the court to decide. An exception to the encroachment may be made in the policy if the encroachment appears on the survey. Even if the encroachment is disclosed in the purchase money agreement the issue needs satisfaction.

O TIS PH ILLIPS

As homeowners we have many responsibilities. One is compliance with restrictions and guidelines. Another as a homeowner is the responsibility to know the limits and boundaries.

Otis Phillips has been in the title business since 1978 and has served as an independent title agent, in direct office management, and in the underwriter arena in 14 states. Contact him at nmabop1@yahoo. com or 505.577.3601.

ARTfeast home/art tour designed to benefit youth art programs The 2014 Art of Home Tour, underwritten by Santa Fe Properties, is offered from noon to 4 p.m. on Saturday, Feb. 22, and Sunday, Feb. 23. It’s a part of the 17th annual ARTfeast Santa Fe, Feb. 21-23, which benefits art programs for Santa Fe’s young people.

For this year’s tour, eight Santa Fe homes now on the market are staged with artworks from Beals & Co., Ernesto Mayans Gallery, Evoke Contemporary, Gerald Peters Gallery, GF Contemporary, Heidi Loewen Porcelain Gallery, Mark White

Fine Art, Pippin Contemporary, and Winterowd Fine Art, as well as New Mexico School for the Arts.

All of the paintings, sculptures and other artworks are for sale, and representatives of the galleries or the artists will be available to answer questions.

The free tour is self-guided. Map brochures are available at SantaFeProperties. com or at Santa Fe Properties offices at 1000 Paseo de Peralta and 216 Washington Avenue. For more information, visit www. artfeast.com.

Courtesy James BlaCk/santa Fe ProPerties

Art of Home Tour participants head on to the next house in a previous year’s tour.

Deadline approaches for Harnar architecture award entrees The Jeff Harnar Award for Contemporary Architecture is now accepting submissions for the annual award that will be announced on Feb. 28.

For the fourth year, the Thornburg Foundation, sponsor for the Harnar prize and program, is collaborating with the School of Architecture and Planning at the University 40

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of New Mexico on the competition and selection of the recipient for the $10,000 cash prize.

Submissions must be from an architect or architectural firm for a singular, permanent work of architecture built in New Mexico and completed since Jan. 1, 2008. The work should draw inspiration from the regional

context and demonstrate creative sensitivity to climate, site, geology, vegetation and the unique quality of light. Architectural solutions are also expected to demonstrate appropriate and artistic responses to the challenges of the user needs and budget, as well as innovative utilization of available materials and technology, while carefully

adhering to established principles and best practices in seeking sustainability.

Entries must be received no later than 4:30 p.m. on Wednesday, Feb. 19. For details, see www.jeffharnaraward.com or email program coordinator Roger Schluntz, FAIA, at schluntz@UNM.edu.

NewsfromSFAR

Kurt Hill named ‘Realtor of Year’ The Santa Fe Association of Realtors awarded Kurt Hill ABR, AMS, CNE, CMCA, CRS, owner/broker of Adobes & Dirt LLC, with the 2013 Realtor of the Year award. Kurt is a third-generation New Mexico real estate broker. His grandfather sold real estate well into his nineties and his mother continues in her 54th year in the industry. Kurt served as a member of the association’s board of directors, chair of the Multiple Listing Service Committee, and as a member of the grievance committee.

The Realtor of the Year award is one of the highest honors given to a Realtor. The selection is based on how he/she upholds and exemplifies the Realtor Code of Ethics, industry professionalism, participation in local, state and national Realtor associations, and community service.

Coming from a family with deep roots in the New Mexico real estate industry, it’s not surprising that Kurt is known for his integrity, passion for professional service, and strong knowledge of the market. Kurt

worked at his mother’s agency, Hill & Hill Real Estate, at Christopher Webster Real Estate, Sotheby’s International, and with Dougherty Real Estate before starting his own company in 2008. Kurt is an active volunteer at First Presbyterian Church, served as the Realtor representative for United Way of Santa Fe, and is known for his devotion to his wife of 17 years, Christina, and their two children, Sadie and Drew.

Upon receiving the award, Kurt shared, “Many do not understand that the Realtors Association is a volunteer-run organization. It is not a state licensing commission. Realtors promote professionalism within the industry. One chooses to be a Realtor and agrees to follow the Code of Ethics. It does make a difference to use a Realtor.” He added, “I love Santa Fe and wouldn’t live anywhere else.

Real estate has been a great creative outlet for me over the past 28 years. Matching clients’ wishes to Santa Fe’s varied styles is always fun.”

Wayne Nichols, owner/broker of Nichols Agency Real Estate, was honored with the Lifetime Achievement award for his service to the association at all levels, his pioneering work to advance passive solar design in home construction, and support for historic neighborhoods. Wayne and his wife, Susan, moved to Santa Fe in the early 1970s and together designed, built and sold one of the earliest solar communities in the nationm winning many awards from the U.S. Housing and Urban Development and the Dept. of Energy for their innovative developments.

Attarah Gutierrez, branch manager and senior escrow officer with Fidelity National Title, was honored with the 2013 Affiliate of the Year award. She has served on the association’s Affiliates Committee for over six years. For that committee, she has been the New Member Orientation chair and the Summer Social chair, and she is very active in the Santa Fe community.

The Realtor of the Year dinner was held

PAC O A R G U E L L O

at the Eldorado Hotel & Spa. This year’s event featured a talent show, which was a new twist and very well-received by Realtors. A huge thank you to the SFAR Realtor of the Year Committee for a very successful and enjoyable event.

Rubel ”Paco” Arguello is a Santa Fe native and chief executive of the Santa Fe Association of Realtors. Contact him at 982-8385.

OurwaterQuality

Colorado River water a key source As drought conditions persist, we will all be learning a lot more about the importance of San Juan-Chama Project (SJCP) water to the Buckman Direct Diversion (BDD) and the relevance of SJCP water levels in Heron Reservoir.

One of the objectives of the BDD was to divert and treat water owned by the city and county but not accessible through unsustainable groundwater pumping.

Renewable surface water diverted at the BDD includes both native Rio Grande water and SJCP water. The latter comes from a system of diversions, siphons and tunnels designed to deliver to the Rio Grande Basin (via the Chama River) the 11.25 percent of Upper Colorado River Basin water allocated to New Mexico under provisions of the Upper Colorado River Basin Compact. The SJCP is a participant in the U.S. Bureau of Reclamation’s Colorado River Storage Project and it is managed by the bureau.

Of the 8,730 acre-feet per year (afy) the BDD is permitted to divert from the

Rio Grande, about one-third of the total water rights is native Rio Grande water rights and two-thirds is San Juan-Chama Project contract water (rights for 93 percent of which are held by the City of Santa Fe and 7 percent of which are held

by Santa Fe County). The city and county contract for a combined total of 5,605 afy of the 110,000 afy average diversion from the SJCP. The project was conceived after World War I and surveys began in 1933. Only the first phase was approved

by Congress and signed into law in 1962.

Construction of the various facilities began in 1964 and the first water was diverted to the Chama River in 1971.

San Juan-Chama Project water is gathered from three headwater streams (the Navajo, Little Navajo and Blanco rivers) of the San Juan River, which itself is a tributary of the Colorado River. The water flows through the concrete-lined, 12.8-mile Azotea Tunnel, under the continental divide, into Willow Creek near its confluence with the Chama River,

and then into Heron Reservoir. It then flows through El Vado Reservoir (originally built as storage for the Middle Rio Grande Conservancy District) and then through Abiquiú Lake (originally built behind a dry Chama River flood-control dam and later redesignated for storage of SJCB water for Albuquerque). There are no carry-over provisions, with the result that contractors must take delivery of annual water allotments by Dec. 31 or store unused water in other reservoirs downstream of Heron.

Historically, the San Juan-Chama Project has never curtailed deliveries. If cutbacks were required, they would be shared proportionally by all contractors.

In late 2012, weather models predicted a drier-than-normal winter in the San Juan River watershed and also diminished native Rio Grande flows. Fortunately, unanticipated late-winter and early-spring precipitation and runoff precluded any curtailment of water to SJCP contractors in 2013. But at the present, Heron Reser-

STEPH EN WIMA N

voir is at historic low levels (30 percent of capacity). Let’s hope for a repeat of last spring: precipitation and runoff in Colorado along the continental divide south of Wolf Creek Pass.

Stephen Wiman has a background in earth science (Ph.D. in geology) and is the owner of Good Water Company and a member of the City of Santa Fe’s Water Conservation Committee. He may be reached at 505-471-9036 and skwiman@ goodwatercompany.com.

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Looking for a Builder?

It’s A Great Time To Purchase! ®

Peoples is here to help turn your home buying dreams into reality We offer a wide variety of loan products to save you time and money: • Jumbo Loans • VA and FHA Loans • Construction Loans • Condominiums • Loans for Second Homes • Portfolio Loans and Investment properties • Conventional Loans

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Chapman Homes is here to design and build your next home. We have been building in Santa Fe since 1966. We also offer remodeling and have a full service real estate company available for your convenience.

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Sr. Mortgage Banker NMLS # 214672 505.466.1736

Chapman Homes 983-8100

433 Paseo de Peralta • Santa Fe, NM 87501

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NEW construction in the $300,000’s Michael UMphRey saNtafeUMphRey@gMail.coM

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Sales office on site and please visit or call for an appointment.

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February 2014

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Office: 505.983.5151 130 Lincoln Avenue, Suite K Santa Fe, NM 87501

SpousessellingHouses

Market: positives outweigh declines The quarterly statistics released by the Santa Fe Association of Realtors are the best indicators of our unique market. The real estate market around the nation continued to improve by leaps and bounds in the last quarter. Let’s see how Santa Fe fared.

According to the SFAR report released on Jan. 16, the city’s total closed sales were up marginally from 187 in 2012 to 189 sales in the final quarter of 2013. The median sales price for the city was almost even, from $279,990 in the final months of 2012 to $280,100 in the fourth quarter of 2013. The county saw a slight dip in closed sales, from 162 in 2012 to 158 in 2013. The median price in the county, however, slipped in the fourth quarter from $440,000 in 2012 to $379,000 in 2013. Overall inventory increased in 2013 from 3,408 homes for sale at the end of 2012 to 3,882 at the end of 2013.

The northeast city limits had big gains in median sales price for the fourth

quarter. From $569,500 to $717,500, this 26 percent increase reflects more sales of million-dollar homes than in the previous year but closed sales dipped year to date by 9 percent. Northwest city limits had a modest increase in the median sales price for the quarter, from $322,400 in 2012 to $327,500 but closed sales increased by over 18 percent. The southeast city limits had an overall decline in sales from the previous year of 7 percent and a decline in median sales price from $545,000 to $475,000. The southwest city limits had a 20 percent increase in closed sales over the previous year and the median sales price here jumped to $229,250 from $195,000 in 2012.

The north county of Santa Fe had a busy fourth quarter with a 16 percent increase in sales. Overall, however, sales in this area declined almost 40 percent from the previous year and it is no wonder that the median sales price also declined by 30 percent, from $635,000 to

$443,750. The northwest county was also down overall for the year in closed sales by 7 percent but the median sales price did increase modestly from $675,000 in the 4th quarter of 2012 to $695,000 in 2013. The southeast county was also down for the year in closed sales by 8 percent and the median sales price dropped from $383,250 in 4th quarter 2012 to $353,750 in 2013. The southwest county saw a huge increase with closed sales almost doubling from the previous year. The median sales price, however, did decline from $320,000 in the fourth quarter of 2012 to $274,000.

Eldorado, which is typically a more consistent market, had a rocky 2013 with a 30 percent decline in overall sales. Median sales price, however, stayed relatively even at $339,000 from $338,425 the previous year.

What does all of this mean? We believe that the positive factors outweigh the declines and that 2014 should continue to be an improving market. We do not

MELISSA PIPPIN - C A R SO N R O G ER C A R SO N

believe huge appreciation overall is likely this year nor next year but if we continue to gain 3 percent every year, the market will recover its equilibrium.

Roger and Melissa are Realtors at KW. Call them at 505-699-3112, email twicethesellingpower@gmail.com, or follow them on Twitter @CarsonandCarson and at www.facebook.com/carsonandcarson.

PermacultureinPractice

Water wisdom brewing in NM Senate Even though I design and install cistern systems, I talk many clients out of owning one. The average property owner often can’t afford the pipes, filters, tank(s), pumping system, and distribution lines required in active water-harvesting systems.

Fortunately there are plenty of other meaningful and less expensive forms of collecting and using stormwater runoff.

Passive systems such as fish-scale swales, rain gardens, wicks, and sheet mulching are excellent investments, but they can never be as efficient and productive as cisterns.

Cisterns store runoff from impervious surfaces for long periods of time, and they allow water to be used where and when necessary. Whether connected to a hose or drip irrigation system, harvested runoff form cisterns is a resource that we’ve neglected for too long. Cisterns can also be valuable during emergencies. You never know when your well will run dry or when your community water system

is going to be rationed — or worse. Just ask 300,000 West Virginians or the many people whose lives have been destroyed by fracking.

Cisterns are nothing new. Aristotle in his Politics encouraged the installation of water-storage tanks in cities. They would be useful during a siege. It can also be critical to have a cistern during a wildfire.

Fire departments love them.

As drought persists and demand for jobs and growth does the same, communities are seeing how water harvesting can provide myriad benefits. Perhaps the least well known of these is that cisterns not only increase the quantity of usable water in a watershed, but they also improve local river-water quality by reducing the sediment that typically runs off of developed land.

This year, Governor Susana Martinez wants to spend $112 million on conventional water projects for some droughtstricken New Mexico communities.

Although these expenditures certainly

seems necessary, on a more creative and uplifting level, State Senator Peter Wirth has introduced SB16 and SB91. The former offers annual income-tax credits up to $5,000 for water-harvesting projects.

The latter opens the door for water catchment financing districts that could issue bonds and lend money to property owners who want to install water-catchment systems. The landowner’s payments would be made with property’s annual tax assessment. Modeled after New Mexico’s clean energy program, which was set up to finance solar panel installations (also initiated by Wirth), SB91 would provide financing opportunities that are currently unavalable.

Our state’s similar solar program was initially derailed because Fanny Mae and Freddy Mac objected to solar-panel payments (as tax payments) getting in the way of people paying their mortgages.

It seems we will have to organize first to turn these bills into laws. Then, in the case of SB91, we will also have to extract a cou-

N ATE D O WN EY

ple of bloated agencies out of our essential work to diversify our water portfolio in the Land of Enchantment. This seems doable, but the movement will need your help. Please contact Senator Wirth or me for more information.

Nate Downey, a local landscape designer and the author of Harvest the Rain, has been writing “Permaculture in Practice” since 1998. Please contact him at 505-6907939, at nate@sfpermaculture.com or via www.permadesign.com.

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February 2014

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Randall Davey studio door reproduced with loving care

A

By Paul Weideman

small but interesting piece of Santa Fe’s built environment has been saved and memorialized out at the Randall Davey Audubon Center. The property, loved by local historians as well as birders, is named for the artist who bought it in 1920 and lived and worked there until his death in 1964.

A few preservation-minded residents recently created a replica of Davey’s studio door, which the artist adorned with painted animals that are now faded.

“Mac Watson’s generosity made this studio door project possible,” said Steven J. Cary, operations and resource manager for Randall Davey Audubon Center. He was referring to Alan “Mac” Watson, Watson Conserves, LLC, who led the conservation effort. “I felt that the best preservation strategy was to remove the original door and display it inside the studio, calling attention to the fact that the replacement door is a reproduction,” Watson said during a mid-December visit to the property. “Fortunately we have sufficient evidence to be able to reproduce the colors and figures that Davey painted on the door.”

The original door from Davey’s patio into the studio suffered from about 90 years of exposure to the sun and weather. It is now on display inside the studio. Master woodworker Grey Howell built the reproduction door and installed it in mid-December.

Gretchen Overman painted the frog, deer and bird figures, copying the faded decorations on the original door and using an old, black-and-white photograph that was taken of the painted door when it was new.

Overman thinks Davey probably used his oil paints on the door. She employed “a combination of exterior-grade sealers and pigments and flat house paint, then at the end a bioshield exterior-grade oil,” she said, exclaiming, “It’s sealed!”

The frog, deer and bird motifs Davey copied from a Zuni pot that is still in his studio, amid a litter of brushes and partially used tubes of paint. “The studio feels like he just left,” Watson said. “He just put his brushes down to go and have a drink downtown and didn’t come back. Of course, that’s not exactly the way he departed.”

Davey died in a wreck — he was fond of driving really fast — near Baker, California, on his way to visit his lover, Alice Primrose, according to Debbie Lawrence, who is researching the property.

Davey created his painting studio by converting an old mill storeroom. The first known building on this Santa Fe Canyon property, part of the Talaya Hill Grant given to

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February 2014

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Photo courtesy Mac Watson

Gretchen Overman, Grey Howell, and Mac Watson with the new door.

courtesy Palace of the Governors (nMhM/Dca) neGative no. 050928

The door to Randall Davey’s studio — detail of a ca. 1935 photograph

by T. Harmon Parkhurst

Manuel Trujillo in 1731, was a sawmill. It was constructed in 1846-47, within a year of the United States Army of the

Photo courtesy Mac Watson

The painted animals on the original studio door were fading after nearly a century of exposure to the New Mexico sun

West’s occupation of New Mexico, which ended Santa Fe’s Mexican Period.

The mill was built and outfitted to provide lumber for Fort Marcy. It ran on water flowing through what today is known as the Acequia del Llano, fed by the Santa Fe River.

It is not known what the original mill looked like.

“It was wood, then it was a fieldstone mill before it was plastered over,” Lawrence said. “You get a glimpse of the fieldstone in the bar in the house. We read recently that this was the first American grist mill. Shortly after it was a sawmill, they turned it into a grist mill.”

Lawrence is docent for the weekly Randall Davey House tours. “It’s the only regular historic-house tour in Santa Fe,” Watson observed.

According to Lawrence, the Randall Davey House docent manual states that the painted studio door shows up in two movies: And God Created Woman (1956) with Brigitte Bardot and Twins (1988) with Arnold Schwarzenegger and Danny DeVito.

“Debbie is one of our very valuable volunteers,” Cary said. “Volunteers also run our store, we have volunteers leading Saturday birding walks, nature walks, plant walks, astronomy programs, and helping with the grounds. And the Master Gardeners are here every Friday from April to September.”

The Historic Santa Fe Foundation’s Old Santa Fe Today states that the property was sold at public auction in 1852 and was described as including one mile of river frontage, “one grist mill, one circular sawmill with extra gearing; the building for said sawmill is a good two story building, built for that purpose.”

Among the subsequent owners were trader Ceran St. Vrain and Santa Fe native Candelario Photo courtesy Mac Watson Martínez, who served This old Zuni pot, still in Davey’s studio, in the New Mexico gave the artist ideas for decorating the Volunteers, survivbuiding’s front door ing a gunshot wound suffered rescuing U.S. mail from Kiowa and Comanche Indians and going on to serve as a probate judge and postmaster in Santa Fe. Nineteen years after Davey’s demise, the Randall Davey Foundation gave the property, which is on the National Register of Historic Places, to the National Audubon Society.

Watson said the studio-door project was done “as a do-

Photo by Paul WeideMan

The Randall Davey House; the studio is at left off the gated courtyard

nation to the Randall Davey Audubon Center in hopes of generating further preservation support for the property.”

One near-term goal is conservation work on Davey’s collection of Hispanic art. Included are 19th-century chests, trasteros, benches, tinwork, and the painted religious pieces known as retablos and bultos.

“One of our objectives in the next year is to develop a plan to better take care of this place,” said Steven Cary. “It’s a challenge for us because it’s not part of the Audubon mission, but we are obligated as the owner to take really good care of the property.”

Have You Heard the News?

The Manderfield School is being re-developed and will be undergoing a beautiful transformation.

The project will soon be available for pre-sale!! Call for details!

Michaelann Huitfeldt • 505-670-9486

bell tower properties, llc.

202 East Palace Ave. • 215 E. DeVargas St. “The Oldest House in the USA” Santa Fe • 505-988-2418 • belltowerpropertiessantafe.com HOME

February 2014

45

Hear the Silence Feel the Spirit Ct ra t N CO r De UN

65 Private Drive 1637 Bathed in sunlight this 2,600 sq ft spacious passive solar adobe/ rastra home is the answer to your dream of living in Abiquiu.

It is in the heart of Abiquiu with beautiful views, an irrigated pasture, many trees, wild grasses and an ideal spot for a vegetable garden. Also included is a 20 x 50 metal pole barn/ carport and walking access to the Chama River. It has beautiful thick plastered walls, 3 bedrooms, 2 bathrooms, with lots of room for an office or whatever interests you. Extra amenities include: a Kiva fireplace, graceful footed master bath tub, gourmet kitchen with Bosch appliances and granite countertops.

The large windows and spacious sun room allows you to enjoy the landscape.

60 Minutes to Santa Fe. MLS # 201306020

5.0 acres

$335,000

La CaNaDa, LOt 4 - abiqUiU In the foothills of Sierra Negra amid a rock-strewn landscape is a spectacular area known as La Canada de Abiquiu. Vistas of the Jemez and Sangre de Cristo Mountains and the Rio Chama Valley make this tract ideal for your dream home or your retreat away from home. A great horse property that is adjacent to the Carson National Forest. Shared well and electric transformer are in place.

60 Minutes to Santa Fe.* MLS #201204264 7.97 acres $115,000

Casa Mira MONte Escape to the peace of the Jemez Mountains in style! In the picturesque community of Mesa Poleo, which is surrounded by the Santa Fe National Forest, this traditional New Mexico adobe has beautiful views with all the modern conveniences. Perfect for the artist, writer, musician or outdoors person, the property includes a bright and spacious studio. Designed to catch the light all through the day the 2,245 sq ft house has custom cabinets, kiva fireplace, formal dining room, sauna, 2 laundries, front and back portals and courtyards. The studio features quality cabinets with stainless counter, drive-in doors, lots of windows, patios, full kitchen with 2 separate sinks, barrier free bathroom with shower, 220 & 110 electric service, large loft, attached carport, and wood stove. Great property for horses with endless riding & hiking in the nearby forest.

MLS 201304983 1.63 acres $349,000

HIGHWAY 84, AT THE ABIQUIU INN • (505) 685-4646 www.abiquiuland.com

Santa Fe Real Estate Guide

advertiser index

Abiquiu Realty, Ltd. . . . . . . . . . . . . 46

Karen Walker Real Estate . . . . . . . . . 34

Adobe Realty of Santa Fe, Inc. . . . . . . . 11

Keller Williams Realty . . . . . . 16-17, 37, 42

Barker Realty, Inc . . . . . . . . . . . 20-22

Peoples Bank . . . . . . . . . . . . . . . 42

Bell Towers Properties . . . . . . . . . . 45

Santa Fe Habitat for Humanity. . . . . . . 45

Chapman Realty . . . . . . . . . . . . . . 42

Santa Fe Properties, Inc. . . . . . .23-31, 48

Coldwell Banker Trails West Realty . . . . 33

Sotheby’s International Realty . . . 2-6, 8-13

Crocker, Ltd. . . . . . . . . . . . . . . . 34 Dougherty Real Estate Company . . . . . . 47 46

*Owner is a New Mexico Licensed Real Estate Broker.

February 2014

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PROPERTIES SantaFeProperties.com

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Join Us February 22 & 23 - Noon to 4

ART OF HOME TOUR Free Admission

Download a Tour Map at SantaFeProperties.com or stop by our office at 1000 Paseo de Peralta or 216 Washington Avenue

Join us for an Exclusive Opportunity to tour eight of Santa Fe’s most artistic and elegant homes, enhanced with traditional and modern artworks from some of Santa Fe’s finest galleries.

A portion of the proceeds from the sale of art in the homes will go towards the purchase of art materials for Santa Fe’s youth.

1000 Paseo de Peralta . 216 Washington Ave . Santa Fe, NM 87501 • 505.982.4466 SantaFeProperties.com . FaceBook.com/SantaFeProperties . LuxuryPortfolio.com All real estate advertised herein is subject to the Federal Fair Housing Act and Equal Opportunities Act. Santa Fe Properties (“SFP”) strives to confirm as reasonably practical all advertising information herein is correct but assumes no legal responsibility for accuracy and should be verified by Purchaser. SFP is not responsible for misinformation provided by its clients, misprints, or typographical errors. Prices herein are subject to change. Square footage amounts and lot sizes are approximates.

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