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Santa Fe Real Estate Guide

March 2012

Solar systems hot • New furnishings biz


We Know santa fe Real Estate TESUQUE VILLAGE AT ITS BEST… RANCHO ESCONDIDO

SANTA FE MEETS PROVENCE A rarity in the land of Pueblo-style architecture, this private six-bedroom enclave in Rancho Escondido balances French country design and a relaxed New Mexican sensibility, with portales, landscaped courtyards, patios, and a grassy lawn surrounding a swimming pool. The rolling hills of the countryside just north of Santa Fe offer a perfectly serene setting. 6 bedrooms, 5 1/2 baths, 7,283 sq ft on 9.319 acres. MLS# 201004901 Offered at $3,000,000

BISHOP’S LODGE ROAD LUSH RIVERFRONT COMPOUND Nestled off Bishop’s Lodge Road in fabled Tesuque, this pastoral property is a hidden treasure. The 3.19 acres, in two separately deeded lots, surround a 2,800 sq ft main residence, a stylish 549 sq ft studio or guest house, and a small chapel. Completely private and quiet yet only minutes from everything the city has to offer, this is the perfect Santa Fe retreat. 4 bedrooms with a total of 3,349 sq ft on 3.19 acres. MLS# 201103836 Offered at $1,545,000

KnowingSantaFe.com

Welcome to knowingsantafe.com — a completely unique proprietary online experience for those looking to buy or sell real estate in Santa Fe, New Mexico. What makes knowingsantafe.com so unique? It’s been crafted to suit the needs of both buyers and sellers with our proprietary Santa Fe Property Explorer, delivering the most detailed information possible about our Santa Fe real estate listings; land, farms, ranch properties and Santa Fe homes for sale. Not only do we showcase photos of every nook and cranny (literally), but you will “feel” the property — whether you are across the street in Santa Fe, elsewhere in New Mexico or half a world away.Virtual tours, detailed descriptions about finishes and special features, dimensions of rooms, plans and maps of the property, downloadable brochures, and other features are available.We provide you completely free access to the Santa Fe MLS listings in addition to our extensive internal listings of luxury homes and properties. Because its like no other real estate site you’ve ever visited, you’ll know what to expect before you ever set foot on the property. We guarantee it.

RAY RUSH

Direct 505.984.5117 Mobile 505.577.5117 ray@knowingsantafe.com

TIM VAN CAMP

Direct 505.984.5118 Mobile 505.690.2750 tim@knowingsantafe.com

www.knowingsantafe.com

JOHN RIGATTI

Direct 505.984.5141 Mobile 505.660.3353 jigatti16@comcast.net 231 Washington Avenue • 505.988.8088


SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

At Home In Santa Fe 3101 OLD PECOS TRAIL, #602 Here is the property that offers an extra measure of what people look for in a home: ease and elegance, light-filled, single-level, open living and outdoor areas, three large and complete bedroom suites; all this plus the amenities of Quail Run and a location truly minutes from Santa Fe’s historic Plaza. MLS# 201200386 Offered at $1,200,000

ROXANNE APPLE 505.660.5998 www.SantaFeCalling.com www.sothebyshomes.com/santafe Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.

326 Grant Avenue • 505.988.2533 H OME MAR C H 2 0 1 2

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SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

Art of LIVING ST JU

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522 CAMINO MILITAR

$1,700,000

MLS# 201104796

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1054 ENCANTADO DRIVE

$1,595,000

MLS# 201103640

Fine proper ties to suit your Santa Fe lifestyle

Santa Fe Team Sales January 2011 – January 2012

213 Camino Encantado 509 Camino Los Altos 1008 South Summit Ridge 1054 Encantado Drive 601 Circulo de Morelia, #203 604 Avenida Villahermosa, #105 604 Avenida Villahermosa, #108 604 Avenida Villahermosa, #107 604 Avenida Villahermosa, #103 611 Avenida Colima 628 Avenida Celaya

1702 Watchpoint 918 A Acequia Madre 918 B Acequia Madre 522 Camino Militar 608 Miller Street 2162 Plazuela Vista 1013 Camino Anasazi 708 Calle Beatrice 3218 Caminito San Lucas 2813 Calle Dulcinea 4751 Highlands Court

$1,150,000 $1,175,000 $1,395,000 $1,595,000 $225,000 $225,000 $235,000 $225,000 $235,000 $435,000 $424,000

$575,000 $190,000 $250,000 $1,700,000 $2,500,000 $775,000 $259,000 $400,000 $239,000 $356,000 $224,000

4239 Vuelta Colorada 37 Blazing Star Circle 43 Calle Ventoso West 6 Columbine 6 Desert Rain 53 Heartstone Drive 160 Ridge Road 8 Madre Mountain 20 Vereda Serena 64 Heartstone Drive

$247,500 $855,000 $969,000 $529,500 $740,000 $939,000 $539,000 $448,500 $549,500 $275,000

*all prices are listing price

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 w w w. s a n t a f e t e a m . c o m

Jennifer Gallagher, 505.660.8793 • Moo Thorpe, 505.780.0310 • Chris Haynes, 505.660.6121 326 Grant Avenue • 505.988.2533 4

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BLACK CYAN MAGENTA YELLOW

www.sothebyshomes.com/santafe Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.


SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

PERFECT SETTING

LIGHT HOUSE

SANTA FE INTERNATIONAL

On 4.9 lush Sunlit Hills acres, this eclectic and charming 1,788 sq ft 2BR, 2BA adobe home with den/office exudes the essence of Santa Fe. Gently curved walls wrapped in plaster, wood floors and beamed ceilings, gardens and view deck, enclosed area for pets, user-friendly covenants and a view west to the Jemez shaped by the nearby hills offer a remarkable country living. MLS 201105313

Sierra Del Norte – The luminous collaboration of architect Greg Teakle and builder Fred Klein, gently perched in the landscape to embrace views south & west, stands a testament to how outstanding design, attention to detail & thoughtful outdoor spaces can merge to create a stunning environment. 3BR, 2.5BA, 3,234 heated sq ft, minutes from town. It speaks to the clarity of contemporary design.

APPLE OF ALDEA

Architect Robert Zachry and builder Michael Hurlocker's compelling work merge in this remarkable 3BR, 3.5BA residence that incorporates the best of 21st century architecture with the sensibilities that make Santa Fe unique. Sleek, sophisticated yet intimate, with commanding views, it is crafted with steel and wood beams, glass and plaster surfaces and tinted concrete floors. MLS 201103323

With an open floor plan centered around a great room graced with kiva fireplace, plaster walls, tile flooring, tall ceilings with vigas and wet bar with temperature-controlled wine storage, this free-standing single-level 3BR, 2.5BA, 2,579 sq ft Aldea home opens out to a portal with kiva and views to the Jemez. Terrific eat-in kitchen features stainless SubZero and Wolf appliances. MLS 201105184

OFFERED AT $419,000

OFFERED AT $1,295,000

OFFERED AT $875,000

OFFERED AT $489,000

H O M E

T E A M

S A N TA

DAVID ROSEN:

F E

CHRISTOPHER ROCCA:

505•470•9383

505•490•2999

Visit Our Portfolio of Outstanding Homes & HomeSites at

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41 BLUESTEM DRIVE $749,000 A wonderful home in a gated community, inviting patios perfect for entertaining with fabulous views, 3 bedrooms, a study, 3 baths, and an open kitchen area with a fireplace, plus a 3-car garage. #201102623

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104 CALLE POCO $939,000 $899,000 Beautiful and inviting home with guest house in the north hills on 1.6± acres. Lovely Sangre views, two bedroom suites in main house, media room, office, country kitchen, and outdoor entertaining area. #201104075

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David & Bonnie Sorenson DAVID 505.670.5515

david.sorenson@sothebyshomes.com

BONNIE 505.954.0736

UN LR

bonnie.sorenson@sothebyshomes.com

Visit our Website:

SantaFeRealEstateToday.com Informative • Comprehensive • Smart 113 CAMINO ESCONDIDO, #1 $385,000 Historic Eastside, a block from Canyon Road and across from the Santa Fe River. This cozy, romantic pied-a-terre is the essence of Santa Fe. Walk to galleries, restaurants and the Plaza. #201105632

1723 RIDGE POINTE LOOP $424,500 Former model home with 3BR, 2 1/2BA, plus loft. High ceilings, upgrades, lots of natural light, portal, master suite with private deck, mountain views, professional landscaping. Great North end location. #201101592

www.sothebyshomes.com/santafe

Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.

3101 OLD PECOS TRAIL, #808 $650,000 Pinon B model, located on a private cul-de-sac next to a greenbelt. Two BR, 2BA with elegant upgrades: new kitchen bamboo cabinetry and appliances, remodeled bathrooms, and custom built-ins. #904637

• Most Comprehensive Santa Fe Real Estate Statistics • Search Complete Santa Fe MLS • Current Santa Fe Information 326 Grant Avenue • 505.988.2533 H OME MAR C H 2 0 1 2

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SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

HomeSantaFe.com check out the new improved website!

HOMESANTAFE.COM – – – – – – – – –

Preselected Custom Searches Full Screen 360˚ Virtual Tours Full Bank and Short Sale Listings Comprehensive Market Statistics Quarterly Newsletter and Market Reports 5-year Forecast for Santa Fe Market History of 30-year Mortgage Rates Exclusive Relocation Section Special Las Campanas, Monte Sereno, High Summit, and Eastside Section

231 Washington Avenue • 505.988.8088 6 M A R C H 2 0 12 HO M E

BLACK CYAN MAGENTA YELLOW

Paul McDonald

Associate Broker 505.780.1008 paul.mcdonald@sothebyshomes.com

HomeSantaFe.com

• #1 Seller of Property in Las Campanas, Monte Sereno and High Summit Combined Since 2000 • Accredited Relocation Specialist • Licensed Since 1984

www.sothebyshomes.com/santafe

Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.


SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

NEIL LYON GROUP NEIL LYON, CRB, CRS, GRI

DIRECT: 954.5505 CELL: 660.8600

EVELYN SPIKER, CRS, GREEN, RSPS

DIRECT: 954.5556 CELL: 930.0999

VANESSA RIOS Y VALLES DIRECT: 954.5522 CELL: 231.3708

MUSEUM HILL W NE

964 OLD SANTA FE TRAIL Immaculate residence across from Amelia White Park. Beautifully remodeled in 2008 resulting in a sophisticated and elegant contemporary styled home. 3BR, 3.5BA including an office and a family room. On over 1/2 an acre with mountain views. #201200473 $1,235,000

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LAS CAMPANAS W NE

G IN T S LI

7 BLUESKY CIRCLE Lovely home in a cul-de-sac location. 3BR plus an office. Excellent finishes throughout and gorgeous views of the Jemez Mountains and sunsets. Beautifully landscaped with great outdoor spaces. Rastra construction. Owner is NM Real Estate Broker. #201200122 $899,000

OFF TANO ROAD

7 TANO POINT LANE 9 +/- acre property consisting of gorgeous main house, 3 guest houses, studio and chapel. Incredible gardens with walkways, patios, courtyards, portales and a lovely swimming pool. 360 degree views. #201005175 $4,800,000 916 OLD SANTA FE TRAIL Fabulous historic compound residence in desirable Museum Hill area featuring 4BR main house, 1BR casita, plus an artist’s studio/office. Excellent location convenient to shopping, museums, and the Plaza. #201102712 $1,645,000

7TanoPoint.com

LAS CAMPANAS

3 CALLE VENTOSO WEST Fabulous 4BR home plus an office featuring magnificent mountain views. Quality finishes include travertine floors, granite countertops, beautiful plaster and woodwork throughout. Equity Social membership included. #201100852 $1,150,000

916OldSantaFeTrail.com

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7518 OLD SANTA FE TRAIL,A 4BR main house includes a family room and a large library/office. Upper level master suite with private balcony to enjoy the incredible views. Large 1BR guest house includes office or studio space. Beautiful setting in the foothills. 2 horses allowed. #201102919 $775,000

3CalleVentoso.com

LAS BARRANCAS

MUSEUM HILL

545 VISTA DE LA CIUDAD Classic Santa Fe style in this quality home close to Canyon Road and the Plaza. Excellent 3BR, 3BA floor plan including a wonderful den/ library with wet bar. Centered on 2 lots with mountain views. #201005541 $895,000

545VistadelaCiudad.com 326 Grant Avenue • 505.988.2533 8 M A R C H 2 0 12 HO M E

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6 PLAZA MOLLENO This striking residence built by Tierra Concepts enjoys breathtaking views of the Sangre de Cristo Mountains and the 9th hole of the Sunset Golf Course. A perfect blend of contemporary and traditional pueblo design. #201104587 $1,495,000 www.neillyon.com

LAS CAMPANAS

6PlazaMolleno.com www.sothebyshomes.com/santafe

Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.


SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

FAMILY LODGE

A sprawling lodge on 5 scenic acres with multiple wings for a variety of uses! Great plaster main living room with standing dead growth timber vigas and Italian chef’s kitchen; privacy, landscaping and views from all windows; a wing with 3BR, 2BA and guest powder room; a wing with master suite; and separate guest suite. $769,000

W NE

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SOPHISTICATED CONDOMINIUM

WALK TO THE PLAZA

Two condos – five years old, absolutely gorgeous finishes. Hardtroweled plaster, brick floors with radiant heat; travertine baths and walk-in closets; kiva fireplaces, bancos and skylights. Two bedrooms and two baths. $725,000 One bedroom $500,000

HANSEL & GRETEL’S HIDEAWAY

Minutes to the Plaza, in prestigious 1200 East, opportunity knocks! Clean lines and bright, open spaces make this custom built condo a rare find! Large rooms with high ceilings and beautifully landscaped outdoor spaces! Three BR, great master suite, cheerful eat-in kitchen, garage, and storage. $725,000

A romantic old adobe garden cottage, nestled on a wooded hillside, in the heart of the historic district. Built about 1900 with 1 large and 1 small BR/study looking out on gardens, with 2BA.An easy stroll to the Plaza, and Canyon Road. Features rustic adobe bancos, 3 fireplaces, beamed and clerestory ceilings, brick and wood floors. $650,000

SANTA FE’S FINEST B&B

EXCEPTIONAL DOWNTOWN BUILDING

A historic adobe in perfect location downtown, 3 blocks to the Plaza. 18 guest rooms with stylish baths, plus live-in manager’s suite. Charming breakfast great room; elegant, comfortable public spaces, patios and deck. Character, ambiance, and Santa Fe style! Parking. Established perennial landscaping. $2,695,000

Currently an art gallery, or would be perfect for offices, a shop, or a restaurant. High ceilings, great floors, great light and ambiance. Very stylish and in fabulous condition. Unbelievable high visibility location between the Plaza and the Railyard. NOW $529,000

Ashley Margetson CRS, GRI 984.5186 Cell: 920.2300

ashley.margetson@sothebyshomes.com santaferealestatelady.com

ONE-OF-A-KIND VILLA

Magnificent 360˚ views from this unique villa.The 6,130 sq ft home is poised on 1.3 private, wooded acres on a hill minutes to the Plaza.Antique doors, diamond finished plaster, high ceilings with coves, vigas, corbels, and beams. Hand-carved stone windows. Five fireplaces, skylights and a comfortable floorplan. Owner is a NM Real Estate Broker. $1,995,000

Putting People and Properties Together alu tV a e Gr

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W NE

48 PASEO VISTA

$485,000

Hilltop home with magnificent expansive southern and western views! This home offers lots of light throughout, two story living room, 3BR upstairs and 1BR downstairs. Recent updates include new windows and doors, terraced landscaping and gardens. A home filled with love for many years! MLS# 201105338

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103 CATRON STREET #7

W NE

$859,000

Best location in El Corazon de Santa Fe and one of the few 3 bedroom homes. Classic finishes include diamond plaster walls, vigas, marble countertops and gourmet cook’s kitchen. Living room opens to a large outdoor courtyard with fireplace. Zoned BCD. MLS# 201200054

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615 BISHOPS LODGE, UNIT #6 $325,000

Great vacation or second home.This two bedroom, three bath, 1,472 square foot condo is just blocks from the Plaza and Fort Marcy. Fully furnished. Will need short term rental permit. MLS# 201101167

www.sothebyshomes.com/santafe Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.

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1496 WILDERNESS GATE

$1,895,000

Magnificent estate on 5 acres amongst tall Ponderosas.This expansive 3 to 4BR adobe has grand rooms accented with warm finishes. The exquisite formal dining room features a Mediterranean dome brick Boveda-style ceiling. Includes aged multi-hued oak floors, plaster walls, 9 fireplaces, bancos, and wonderful architectural details. 1BR guest house with kitchen. Incredible views! MLS# 201200467

Residential Specialist For Over 25 Years KAREN WOLFE-MATTISON

505.984.5154 Cell: 505.577.2245 231 Washington Avenue • 505.988.8088 H OME MAR C H 2 0 1 2

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SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

MARION SKUBI GROUP SPACIOUS GRAND HACIENDA 25 Stonegate $2,395,000

This spacious grand hacienda with paved circular driveway, zaguan entry, and private enclosed courtyard recalls the Old World character of traditional New Mexico elegance. Reminiscent of the time honored adobe style, this 5,693 sq ft home of pumice crete construction with an additional 1,162 sq ft of outdoor extended living space offers timeless living and boasts views and access to the second fairway of the Sunrise Golf Course with dramatic views of both the Sangre de Cristo and Jemez Mountain ranges. MLS# 201101266

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 10 Grant M A R CAvenue H 201 2 H O•M505.988.2533 E

BLACK CYAN MAGENTA YELLOW

www.sothebyshomes.com/santafe

Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.


Emily Ivette Garcia CRS, Real Estate Broker

Excellence, with a touch of grace...

Downtown

Country Living

Canyon Road Condominium

House & Guest House with Land

Eastside Adobe

Home, Studio & Storage

Refined Railyard Home

Majestic Views & Gated

Remodel Opportunity

Home on the Range

653 Canyon, #16 MLS# 201003229 $675,000

960 Acequia Madre MLS# 201103788 $635,000 207 Closson MLS# 201100640 $450,000 1144D Canyon Road MLS# 201103194 $375,000

Contemporary Condo

812C Calle Saragosa MLS# 201102257 $200,000

13 Marcelina MLS# 201000685 $700,000

189 County Road 113 MLS# 201102698 $550,000

Rancho San Juan Casita MLS# 201104454 $375,000

3 Lucerito Court MLS# 201103726 $175,000

Nava Ade Jewel

4161 Big Sky Road MLS# 201105785 $375,000

505.955.7963 505.699.6644 emily@emilygarcia.com

231 Washington Avenue • 505.988.8088 Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark. H O ME MARC H 20 1 2

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SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

Simplif y Your S earch • S A N TA F E B E AU T I F U L H O M E S . C O M

Contemporary Santa Fe-style home with gorgeous finishes, light open spaces, and mountain views. Built in 2010, this striking residence features plaster walls, custom viga-beam and herringbone wood ceilings, tile, travertine, and wood flooring, eye-catching doors, 2 kiva fireplaces, and 3 walled outdoor living areas. MLS# 201104741 105AvenidaAldea.com

105 AVENIDA ALDEA

$515,000

This comfortable three bedroom residence on one acre in the Sol y Lomas / Arroyo Chamiso neighborhood is in very nice condition and has wonderful living spaces indoors and out. Walled and beautifully landscaped yard with portal, newer roof and boiler, new stucco. On 1 acre near the hospital. MLS# 201104915 1833ArroyoChamiso.com

4 CAMINITO CORTO

Lovely rural property on 1.6 acres in Jacona in the beautiful Pojoaque Valley.This wonderful residence features a great country kitchen, large screened portal, studio, separate guest quarters, pre-moratorium private well, and beautiful gardens and patios with ponds and waterfalls. MLS# 201104196 FourCaminitoCorto.com

$495,000

Wonderful adobe home in the Foothills with beautiful views and privacy in a gorgeous setting on 5+ acres. Enter through an arched wall into a pretty front courtyard. Spaces include a cozy living room with kiva fireplace, charming studio/den, sunroom with wet bar, kitchen with casual dining, and luxurious master suite. MLS# 201104530 9PiedrasNegras.com

9 PIEDRAS NEGRAS

$588,000

624 EAST ALAMEDA, #6

$799,000

680 GARCIA STREET

7 PLACITA ANITA

$195,000

146 WILDHORSE

$415,000

Spacious and beautiful three bedroom, three full bath home in the Historic Eastside a few blocks from the Plaza with two master suites, enclosed backyard, two-car garage, and walled front courtyard with fireplace. Lovely private compound with great landscaping and its own gate onto famed Canyon Road. MLS# 201000971 624EastAlameda.com

1833 ARROYO CHAMISO

$525,000

$1,800,000

Adobe residence on one acre in the Historic Eastside not far from the Plaza and Museum Hill was originally built in the 1930's and has grown over the years to a 4BR, 5BA, 5,600 sq ft home with 5 fireplaces plus an indoor swimming pool in a 1,570 sq ft heated room. Enjoy wonderful outdoor living with a fabulous portal and walled garden. 680GarciaStreet.com

Wonderful parcel of land in scenic Las Dos is less than 20 minutes to the Plaza. This appealing 11acre tract has great mountain views from a private and picturesque setting in one of Santa Fe’s most beautiful rural residential neighborhoods. Recently surveyed and lot lines are flagged. Seller will trade for small home in town. MLS# 201100880

5.67-acre estate lot in Las Campanas has fabulous Sangre and Jemez views. For the discriminating buyer seeking exclusivity, privacy, and security this premium parcel at the end of a cul-de-sac presents a unique and wonderful opportunity. Approved architectural plans for a lovely residence available. Minutes from the Plaza. MLS# 201103952 146Wildhorse.com

SantaFeBeautifulHomes.com

ALAN AND ANNE VORENBERG 505.954.5515 888.257.6750 Toll Free Alan.Vorenberg@SothebysHomes.com Anne.Vorenberg@SothebysHomes.com

326 Grant Avenue • 505.988.2533 12

M A R C H 201 2 H O M E

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954 CERRO DE LA PAZ

$3,850,000

Elegant Estate with stunning views on 12.5 gated acres near the Plaza comprised of an impeccable residence built in 2005 with superb finishes, 11 fireplaces, 7 baths including dual master baths, fabulous kitchen, 3,000 sq ft of portales, 1BR guest casita, and gorgeous swimming pool with cabana and bath. MLS# 201005922 954CerroDeLaPaz.com

www.sothebyshomes.com/santafe Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.


SANTA FE’S MARKET LEADER We are Local Experts with a Global Reach

Shane Cronenweth 984.5158

shanesantafe@gmail.com www.ChooseSantaFe.com

10 VIA VECINO $1,150,000 The splendid Sangre de Cristo Mountains before you – a spectacular setting for this superb young 3,704 sq ft Tesuque residence. The excellent great room with high beamed ceilings has a grand entertaining portal and the 29-foot master includes a fireplace and private terrace.The light-filled center-island kitchen is equipped with high-end appliances, maple cabinetry, and a large dining portal. Featured are hardwood floors throughout, hand-troweled plaster walls, central A/C and heated 3-car garage. So close to town! MLS# 201103183

Caroline Russell 954.5530

caroline.russell@sothebyshomes.com

www.ChooseSantaFe.com

Visit us at ChooseSantaFe.com Access the entire Santa Fe MLS, and view our exclusive Insider’s Guide!

1110 OLD SANTA FE TRAIL $3,800,000 This sensational gated Eastside estate is a rarely found in-town sanctuary, with glorious views from its 3+ acres.The 5BR home with guest apartment has elegantTerritorial-style architecture and a wealth of refined detail and luxurious appointments. Featured are a private study plus family and media rooms, an exquisite master suite, and a fabulous eat-in kitchen with separate sitting area. The magnificent grounds include lush lawns and gardens, broad terraces, a marvelous dining gazebo, and spectacular koi ponds. MLS# 201105322

24-C PASEO ENCANTADO NE $698,000 Lose yourself in dazzling sunsets, star-studded skies, and vast Jemez Mountain panorama from this delightful Tesuque home on 5+ acres.A Southwest ambiance accented with Mediterranean elements creates warmth and drama. Soaring living room ceilings, hand-troweled plaster walls, vigas and handsome brick floors are additional enhancements.With its well appointed master bedroom, 2-room guest suite and huge family room/ studio,plus huge wraparound portal and spacious landscaped grounds,this is a Santa Fe dream.MLS# 201005595

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20 VISTA REDONDA $1,100,000 With sweeping vistas and Frank Lloyd Wright-influenced architecture, this 5,160 sq. ft. house and studio on 6.9 acres is exceptional. Featured are a 49 ft. great room with media area, massive fireplace with concrete mantlepiece, slate floors and mahogany cabinetry.The kitchen offers a walk-in pantry and 360-bottle wine keeper. The generous master has double baths, an office and mini-kitchen. One guest suite includes an adjoining study. Lovely outdoor spaces feature a terrific dining pavilion and mature landscaped grounds. MLS# 201101068

231 Washington Avenue • 505.988.8088

W NE

33 SPIRIT COURT $1,050,000 An unbelievable price! Marvel at the amazing panorama from this remarkable 2002 compound, with 4BR adobe main house and delightful casita, located on 1.8 acres in a gated subdivision convenient to downtown and Tesuque.The spectacular kitchen/family room is unmatched, and a romantic master suite is set well apart from the guest wing & screening room. Gleaming hardwood and stone floors, beams, handtroweled plaster, gorgeous carved doors, generous terraces, water features, a terrific sports court, and so much more! MLS# 201104704

www.sothebyshomes.com/santafe

Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.

G IN ST I L

530 GARCIA STREET, #9 $298,000 Nestled in the perfect Eastside location for strolling to Downtown Subscription and Canyon Road’s restaurants and galleries, this sparkling two bedroom pied-a-terre is a delight. Featured are hardwood floors, beautiful custom plantation shutters throughout, updated heating system and appliances, and lovely kitchen and bath tumbled stone tile work. Set off the street to ensure peace and quiet, it looks out onto gorgeous landscaped community gardens. Includes covered and offstreet parking, and a private storage locker. MLS# 201200441

326 Grant Avenue • 505.988.2533 HO ME MARC H 2 01 2

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SANTA FE’S MARKET LEADER

We are Local Experts with a Global Reach

W NE

DARLENE STREIT GROUP 505.920.8001 dstreit@dstreit.com

SantaFeRealEstateProperty.com SantaFeRealEstateScene.com SantaFeRealEstateExpert.com SantaFeLuxuryHomesAndLand.com

16 TANOITO $995,000 Designed by Paula Baker-Laporte as an Asian-influenced non-toxic home with amazing unobstructed mountain views. Timber-frame construction with American Clay plaster inside and adobe exterior. Separate guest house and separate heated garage/studio with storage. On 2.5 acres. MLS# 201004574

E IC PR

7 CAMINO OSITO $1,195,000 Pueblo-style home on 2.51 acres with outstanding views. Diamond plasters walls and spacious living room. Large gourmet kitchen with granite countertops, high-end stainless appliances, slate and wood floors, 2 master suites, plus an office or extra bedroom. Beautifully landscaped with several outdoor sitting areas, view the sunsets and relax by the water feature. Oversized 3+-car garage with workspace. MLS# 201104660

26 CAMINO SANADOR $1,075,000 Located off Old Santa Fe Trail, on almost 7 acres. Beautifully sculpted contemporary Santa Fe lines, open kitchen, cherry butcher-block island countertop. Spacious, 4BR plus media room/5th bedroom. Light, sunny open floor plan with fireplaces, high ceilings, and grand views and guest house. Radiant heat and a 6-zone multifold septic system to water extensive landscaping. MLS# 201104665

1312 LEJANO LANE $950,000 A tree-lined, gated drive, with a motor court, landscaped features and a separate service driveway, leads you to a truly unique home. The formal entry introduces a home full of warmth and elegant charm. Spacious 4,700 sq ft, large rooms with high ceilings, vigas and a fireplace in the living room. MLS# 201103158

1124 CAMINO SAN ACACIO $839,000 Lovely home with views built by Jay Parks on a quiet street in the Historic Eastside just two blocks to Canyon Road.This 3BR, 2BA adobe/frame home features hardwood floors, top-of-the-line appliances, a cathedral ceiling, 3 fireplaces, plaster walls, and beam and viga ceilings. MLS# 201101360

W NE

34 CALLE CAPULIN $550,000 Custom built adobe hacienda with separate guest casita.This beautiful home has high beamed ceilings, brick floors, plaster walls, radiant heat, gourmet kitchen with custom cabinetry and granite countertops, separate study/media room with built-in bookshelves and kiva fireplace. MLS# 201105280

417 East Palace Avenue • 505.982.6207 14

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85 AVENIDA FRIJOLES $469,000 This stunning home is where NYC modern design meets Santa Fe style. It has been featured on HGTV great homes channel and has won national awards.The great room provides dazzling views and an open floor plan. Glass French doors open onto a remarkable deck with 270 degree views. MLS# 201101849

L

G IN T IS

32 VISTA PRECIOSO $180,000 Lovely townhome in Aldea. Located on a greenbelt for added privacy. Open concept living with great mountain views. Clubhouse, tennis court, walking trails and minutes from downtown Santa Fe. Features include evaporative cooling, upgraded stainless appliances, wood blinds, and a security system. MLS# 201200116

www.sothebyshomes.com/santafe Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.


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Wm. David Dougherty, Broker . Clara L. Dougherty, Broker Associate . Jennifer H. Tomes, Broker Associate . Warren Thompson, Broker Associate . Pam Alexander, Office Manager HO ME MARC H 2 01 2

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3.12 REG adobe walls at 159 Tano Road.

Photos by Jane Phillips/The New Mexican 16

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JANE PHILLIPS / THE NEW MEXICAN

3.12 REG adobe walls at 159 Tano Road.

COURTESY SANTA FE PROPERTIES

JANE PHILLIPS / THE NEW MEXICAN

Photos by Jane Phillips/The


A house of

Buzz T

Inside Adobe Walls

By Paul Weideman

PAUL WEIDEMAN / THE NEW MEXICAN

159 Tano Road patio

3.12 REG adobe walls at 159 Tano Road.

JANE PHILLIPS / THE NEW MEXICAN

3.12 REG adobe walls at 159 Tano Road.

HOME MARCH 2012

JANE PHILLIPS / THE NEW MEXICAN

his lovely custom adobe on Santa Fe’s north side was built by the renowned Buzz Bainbridge in about 1972. The current owners did a remodel/ addition, working with G.B. Roulette Construction & Design and Eric Enfield of Architectural Alliance. Located at 159 Tano Road, the house and guest house, 5,009 square feet, incorporate four bedrooms and five bathrooms. A horseshoe driveway leads from Tano to the house, a modified Pueblo design with 2-car garage. Healthy stands of piñon and aspen greet the visitor. A wisteria vine curls around a post at the high-walled gate entrance to the front courtyard. The more public areas of the house are floored with Saltillo tile, while the master bedroom and the two kids’ bedrooms have brick floors. A rustic stone pedestal sink that was once a planter is a focal point in the powder room, a warm, grotto-like space with walls of red-painted plaster. The living room has diamond-plaster walls and organic attributes including exposed timber lintels, sculpted wall masses and arches at transitions to hallways, and a high ceiling of cedros (rough-split juniper latillas) over vigas. A long row of clerestory windows brightens the great room. A fireplace, the largest of six in the property, is a stepped design with a thick sandstone-slab hearth. The adjacent sitting room boasts the original flagstone floor. In the kitchen, plenty of simple, ivory-painted cabinets lend a comfortable, old-fashioned appearance. The granite work surfaces and large Kohler apron sink are well lit by skylights. Equipment includes a wood-paneled Sub Zero refrigerator, a Wolf range, and two Wolf ovens. Both kitchen doorways and a pass-through to the living room are closeable by means of antique Mexican doors to isolate food-prep activities while entertaining. The spacious master bedroom has a coved-plaster ceiling. The master bath is decked out with Spanish limestone on the floor and in the ample, step-down shower. Countertops, including on the integral makeup table between the two sink areas, are all laid with granite. Doors outside of the dining room, living room, and master bedroom open onto a wraparound patio with a deep, brick-paved portal and a built-in fireplace and grill. The patio extends out into the sun, with lots of room for outdoor entertaining, or for sitting and taking in the big views of the Sangre de Cristo Mountains. The property is 2.89 acres. Beautiful, Northern New Mexico-style landscaping, including fruit trees, all on drip irrigation, surround the house. A guest casita with kitchenette is appointed with slate floors and planks-onviga ceiling. Jim Weyhrauch and Dan Wright, Santa Fe Properties, are listing the 159 Tano Road property for $1,450,000. An open house is set for 1 to 3 p.m. today, Sunday, March 4.

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NewsfromSFAR

A Santa Fe housing update The County of Santa Fe recruited a focus group in the fall of 2011 to review its inclusionary zoning laws to determine if they could be amended for greater effectiveness and to help jumpstart the housing industry. Inclusionary zoning is one method local governments may use to increase affordable housing by requiring developers to dedicate a percentage of units for clients that meet income eligibility requirements. Developers generally pass along these costs to market-rate purchasers, which can increase home prices in a community. The focus group offered a variety of recommendations, so in January the county proposed a number of changes. They included reducing the affordablehousing requirement from 30 percent to 15 percent in major projects and from 16 percent to 8 percent in smaller projects; adding language to permit flexibility by allowing for other means to meet the goals and objectives of the ordinance; and

18

providing for the affordability lien held on a property to decline over time to match the appreciation on the property. County officials held a public hearing on the proposed changes in late January and the commissioners voted unanimously in support of the amendments. * * * * * As we take a look back at 2011 comparing home sales to the entire prior year 2010, single-family home sales rose by nearly 8 percent in Santa Fe city/county from a total 997 in 2010 to 1,073 in 2011. With the increased sales, the overall median price of homes in the area continued to show downward market pressure from $354,000 in 2010 to $349,000 in 2011, a modest 1.4 percent drop. Total home sales volumes climbed by approximately 6 percent over the year, from $569.6 million in 2010 to $601.7 million last year. Condo and townhome sales fell from a total of 277 in 2010 to 245 sales in 2011.

MARCH 2012 HOME

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As prices drop for detached single-family homes, condos become a less attractive option for some families and individuals. The median price of condominiums and townhomes also dropped from $259,000 in 2010 to $239,688 in 2011, demonstrating that the overall market continues to be affected by downward pressures on prices. President Obama, in his third State of the Union speech, called on Congress to pass a plan to help millions of “underwater” homeowners to refinance into loans with historically low interest rates by charging banks a fee to help expedite these transactions. Congress has previously looked at a proposal to charge banks a fee to help homeowners who remain underwater, but it’s not clear from the details President Obama provided how similar this plan is to the one Congress considered in the past. The president also shared efforts to hold lenders to account for making loans during the housing boom they knew

PACO ARGUELLO

households couldn’t afford. He said he is asking the U. S. Attorney General to create a unit of federal prosecutors and state attorneys general to expand investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. Rubel ”Paco” Arguello is a Santa Fe native and is chief executive of the Santa Fe Association of Realtors. Contact him at 9828385 or paco@sfar.com


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PV solar more popular than ever By Paul Weideman

M

ore and more people are choosing to go with photovoltaic panels to generate electricity for household use, in part because the incentives have never been better. A perusal of Santa Fe County building-permit listings during 2011 shows 53 solar installations, with a median cost of about $30,000. And inside the city, there were 69 PV installations permitted last year, according to Nicholas Schiavo, energy specialist with Santa Fe’s Housing & Community Development Department. “The price of PVs have been coming down,” he said. “With a little conservation in the home, you can get away with a 2- or 3-kilowatt system. For reference, out of a 1kilowatt system you get about 1,200 to 1,400 kilowatt-hours per year generated. I just put a 2.4-kilowatt PV system on my roof, which will give me about 300 kilowatt-hours a month, which is 100 percent of the household needs for my wife and I.” Schiavo stressed that most homeowners should take a broad look at energy efficiency instead of rushing into a PV installation. “If you have a fridge from the 1980s, it could be using 1,200 to 1,500 kilowatt-hours a year, so a new refrigerator can give you a lot of savings, plus it’s nice to have a new refrigerator.” His office employs a Kill A Watt meter to measure electricity usages in your appliances. “We can use this and look at your monthly bills and see what kinds of things you can do, and what size PV system is appropriate if that’s the way you want to go.” Last year, Schiavo directed the spending of $1.3 mllion in federal stimulus money for energy-efficiency retrofits at 28 city facilities, and of another $100,000 for a low-interest loan program administered by the Homewise organization. If you have an annual household income of less than $103,050, Homewise can help you finance a variety of conservation improvements — including PV electric — as well as routine maintenance and emergency repairs. “The big story about photovoltaics is just how dramatically they’ve come down in price in the last three or four years,” said Craig O’Hare, energy programs specialist with Santa Fe County’s Public Works Department. “It’s about half the price what it was five years ago. Solar PV was costing $10,000 to $12,000 per kilowatt, and now it’s between $5,000 and $8,000.” Contractor and electrician costs vary depending on the type and location of your installation, and whether or not you have to replace the electrical panel. The logic of installing PV systems seems fairly obvious in Santa Fe, which has 310 days of sunshine in an average year. But that logic also depends on policy. “The whole industry has come into its own globally, particularly in countries that have strong incentives,” O’Hare said. “Germany has had very aggressive national policies to promote rooftop solar, as have Spain and Japan. “The reason prices have come down is just the law of supply and demand and economies of scale. And China has 24

MARCH 2012 HOME

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COURTESY TIM BOCK

On the roof: Tim Bock with his new PV system

dramatically entered the solar-panel market.” O’Hare added that solar and energy-efficiency improvements represent “one of the few bright spots in construction right now. That’s something I’m trying to do, getting the trades working again through energy efficiency and renewable-energy renovations on existing homes.” He says people should check out HUD’s 203K homeimprovement loan program. “This is a program that’s way underutilized here in Santa Fe County. If I’m buying a home that has some fixer-upper elements or I want to rehab the kitchen, and I want to put in a solar system and blow some insulation into the walls, I can roll all of those costs into the mortgage. It’s potentially great for use on foreclosed homes that have been sitting abandoned for a while.” In considering the place of photovoltaics, the society has perhaps moved beyond the “experimental” stage in which most enthusiasts choose the system because of a philosophical preference. “Now we’re getting into the more mainstream citizens and if you’re able to get fairly decent financing, this thing pencils out pretty nicely,” O’Hare said. “If you do a $15,000 solar system, a pretty good system, about 2.5 kilowatts, there’s a 30 percent federal credit and a 10 percent state tax credit, so that’s $6,000 you get back nine or 10 months later.” The Public Regulatory Commission adds another incentive with renewable-energy certificates (RECs) paid by the utilities it oversees. “In addition to your meter spinning backward when you’re generating your own power, PNM will pay you,” O’Hare said. “If I generate 500 kilowatt-hours per month and PNM pays me 6 cents a kilowatt-hour for

that renewable-energy attribute, that’s $30. So not only do you not have a PNM bill except for the monthly $5 service charge, but you get a $30 check from them. “These REC incentives will slowly go away and the price of solar keeps going down and the price of electricity goes up and at some point, we’ll reach grid parity, which means that solar will be no more expensive than buying power from the giant gas, coal or nuclear plants.” “The incentives are still good but even if they go away, there’s enough momentum now [that the industry is] going to stand on its own two feet,” said James Mosher with the Albuquerque company Consolidated Solar Technologies. “One of the cool things is how progressive PNM is. The utility works with the solar industry and the customer to make this a viable source.” Last year, Consolidated Solar installed more than 500 systems between Las Cruces and Santa Fe, according to Mosher. The average home system was 4.2 kilowatts (17 panels) and the average price in the Santa Fe area was $30,000. Consolidated will put in a smaller, more affordable home PV system for Craig O’Hare in the spring. “I’m getting a 1.5-kilowatt system for $7,500 before tax credits,” he said. The majority of the company’s Santa Fe projects were roof installations and they were static systems, rather than the automated type that moves the panels so they’re always pointing at the sun. “I know the city has that at the wastewater treatment plant and that generated 2.5 million kilowatt-hours in 2011, and there’s no way they would have close to that without tracking,” Schiavo said. “But I don’t think you want to use


COURTESY SANGRE DE CRISTO WATER DEPARTMENT

This 1,000-kilowatt photovoltaic installation is designed to contribute one-third of the power needed by the Buckman Direct Diversion project water-treatment plant

that if you’re doing 2 to 3 kilowatts, probably not until you get up to 10 kilowatts or so. There was a time when panels were so expensive you wanted to get every bit of sunlight possible, but nowadays labor is the most expensive part. You do get more electricity with tracking, but you have greater up-front costs and more to think about in terms of possible maintenance down the road.” Santa Fe resident Tim Bock decided to get a PV system late last year. “I know the gentleman who put in what was at the time the largest solar system in New Mexico — Dave Weininger — and I was very intrigued,” he said. In August, Bock saw an advertisement about a seminar to be presented by Positive Energy Inc., Santa Fe’s busiest solar-installation company. He wasn’t planning on getting one himself, but he attended “just to see something about the practical realities of it.” Afterward, his choice boiled down to finances. “I wanted to do it and with the tax credits and the REC credits combined with financing I had through Homewise, it made sense to me, especially if you think about where energy prices might go in the future. Bock’s process wasn’t the most pleasant, because in the midst of it he realized he had major roof problems. He describes his PV installation process, taking place

simultaneously with a roof tearoff and replacement, in a post at jtbock@synacktics.com. His 20-panel system, operational since January, was sized for a little over 600 kilowatt-hours a month. He has seen his electric meter spinning backward, he will be getting REC checks from PNM, and he expects to get “a nice chunk” of the up-front installation cost back when he does his taxes. But he’s planning another post to tell people about “some of the nits...such as, the monthly bill from PNM never actually goes to zero, because they charge a maintenance fee ($5) and ‘rebate fund fee’ (around $4.50) to all customers. The fees were always there; I just never noticed them when I was buying all of my electricity from PNM.” If Bock’s grid, which is probably a little less than a 5kilowatt system, uses 20 photovoltaic panels, you can imagine how many are in the 1-megawatt system at the Buckman Direct Diversion project. (Thousands?) The BDD, which takes water off the Rio Grande and cleans it to add into the city/county domestic water supply, incorporates a PV array for the big, new treatment plant. Rick Carpenter, City of Santa Fe water resources and conservation manager, said the array will supply about one-third of the total annual electrical power needs of the water treatment plant site.

“We are all very proud of the fact that, after 10 years in the making, the entire $221 million BDD project came online on schedule and under budget,” Carpenter said in an e-mail. “The solar array was coordinated in parallel (not a small effort since it was our first time doing it) with the BDD project so that it came on-line coincident with the water project — which was Dec. 31, 2010. “As I recall, by-the-way, I think the solar array was about a $5 million project with about an additional $180,000 in ‘interconnection’ design and construction costs. The solar facility is, however, a net money maker for the project.” The BDD was no doubt the most significant PV installation in the Santa Fe area last year, but it was just one of more than 120. Is that a historic high? “That’s really good. I bet it is,” said Nick Schiavo. “The RECs have been dropping and there’s been a real incentive for people to get into PV.”

Resources

Nicholas Schiavo, city energy specialist, 955-6693, naschiavo@santafenm.gov Craig O’Hare, county energy-program specialist, 9923044, cohare@santafecounty.org

HOME MARCH 2012

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Mortgagematters

Credit unions = good service We have all heard recently that dealing with a bank is very difficult and not like it used to be. Commercial banks in our country have suffered during the last few years due to the subprime fiasco. As a result, auditors and bank directors have created policies that seem unfriendly at best. Talk to anyone with a loan or credit card with one of the large, national banks how he feels about doing business with them today and you will receive extremely negative comments. My recent experiences with credit unions in Santa Fe has led me to believe that they are a banking alternative reminiscent of banks of the 1980s. One of the main reasons for this is that credit unions have not experienced the losses on real-estate

loans that are still plaguing commercial banks. Can credit unions provide the same services that banks can? Absolutely. Checking and savings accounts, credit cards, wire transfers, and paying bills online - you will find everything at a local credit union that you hope to enjoy in banking. Credit unions have federal insurance for deposits through NCUA, a U.S. government agency which is identical to the insurance carried by banks. One client of mine said, “The credit union treats me in a friendly manner like banks did 30 years ago.” I spoke with two officers at the State Employees Credit Union in Santa Fe. Pete Martinez mentioned that some people do

Building permits Building permits issued by the CITY OF SANTA FE in the month of January included the following:

A & J Construction, 200 Lincoln Ave. $400,000. Centex Construction, 3872 Montana Verde Rd. $254,942. — 4223 Luz de Estrella. $202,843.

SBS LLC, 1566 Shalako Way. $120,000. Jay & Susie Gogue, 3045 Monte Sereno Dr. $750,000. Plaza Bonita, 1625 Placita de Luna. $137,000. — 1629 Placita de Luna. $209,000. — 3044 Floras del Sol St. $128,133.

not realize that you do not need to be a state employee to use the credit union. Credit unions “make loans that make sense for their members” said SECU vice president Dwayne Herrera. And there is possibly a meaningful difference. Banks have customers and credit unions have members. In fact, credit unions have unpaid directors who are members. Bank directors are paid and elected by the shareholders. Santa Fe is rich with credit unions. Their services seem to cost less and their staff members are friendly and welcoming. SECU has a program where you can get 2.5 percent earnings on your checking account. That is a better return, by far, than you have with banks or even a U.S. Treasury bond.

— 5912 Terra de Coral St. $128,133. — 709 Luna Vista. $264,000.

JIM GAY

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

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

Allen Gordon, 25 Meredith Dr. $1 million. C. Floyd Anderson, 4 Camino Villenos. $95,000. Gardner & Associates, 53 Bosquecillo. $89,567.

La Nueva Querencia, 24 Bosquecillo. $67,819. — 24 Cano del Pajaro. $67,819. Sivage Community Development, 7 Camino de Colores. $250,000. Manuel Miramontes, 4729 Agua Fria. $190,000.

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

Homes $52,000 $72,500 $90,300 $135,000

$152,950 $160,000 $164,300 $164,500 $165,000

$169,600 $183,000 $185,000 $190,000 $195,700

Homes $385,000 $550,000

$200,000 $204,000 $208,000 $215,000 $235,000

$240,000 $250,000 $269,000 $285,000 $375,000

Land $36,000 $36,000

Land $60,000 $120,000

$130,000 $195,000

Homes $120,000 $340,000 $375,000 $435,000 $520,000

Homes $230,000 $550,000

$695,000 $830,000 $857,500

$900,000 $990,000

Land (None)

Homes $67,500 $230,000 $325,000 $465,000 $520,000

Land (None)

county

Homes $78,400 $146,900

$150,000 $192,500 $212,500

$220,000 $245,000 $315,000

Land $12,500 Homes $215,000

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Homes $135,000 $269,150 $363,750 $420,000

$216,000 $240,000

$310,000 $489,000

Land (None)

$513,204 $606,000 $664,686 $865,000 $1,495,000

$925,000 $960,000 $1,140,500 $1,189,000 $1,515,692 $1,750,000

Homes $231,814 $321,500 $409,000 $425,000 $466,000

Land (None)

Land $130,000

$582,000 $675,000 $700,000 Land $120,000


OurwaterQuality

Conservation presentation OK for groups The City of Santa Fe’s Water Conservation Committee was created by a 2002 resolution. Membership is limited to 10 members. Prospective members are recommended by Council chairman Chris Calvert and are approved by the mayor. Meetings are held on the second Tuesday of each month and are organized by Daniel Ransom, conservation manager, and attended by various city staff members. The founding resolution defines the conservation committee’s duties and responsibilities as follows: “1) The SFWCC is charged with promoting water conservation, developing water conservation proposals and advising city government on water conservation activities; 2) identifying ways to reach out to groups of all ages to educate them on additional ways to conserve water, discussing water conservation programs, their costs and benefits and methods of administration; 3) examining building code provisions, construction practices and land use policies and their effect on water use; 4) Proposing changes in code, practice and policy that will promote further water conservation; and 5) when time permits, the SFWCC shall be given the opportunity to discuss and make recommendations on water conservation programs being undertaken by the City, so long as that consideration does not delay implementation of any program.” Over the past several months, Committee meetings have been dominated by discussions of how existing emergency water regulations do not address water shortages caused by drought but rather only provide for water shortages caused by catastrophic events: earthquakes, infrastructure failure, fire, ash, etc. Members are concerned that last summer during the drought there were no additional water restrictions implemented. It is anticipated that gaps in future water supply will be met through increased conservation, but we recently learned that in 2011 water consumption per capita per day actually reversed the impressive downward trend.

STEPHEN WIMAN

The timing of the opening of the Buckman Direct Diversion facility in early 2011 was fortuitous, but during peak summer irrigation, other sources (surface water and groundwater aquifers) will be needed to supplement that supply. This is problematic because the reservoirs are dependent on snowmelt and summer monsoons (and last year was the driest year on record) and during a drought the aquifers under the wells are not being recharged at historical rates and aquifer recharge cannot keep up with pumping. Water Conservation Committee members have put together a slide presentation that summarizes the sources of city water supply, the historical savings from Santa Fe’s water-conservation programs, the monetary incentives for water conservation, the three stages of emergency water regulations, and the important role of increased conservation regarding our future water supply. Although members met with and solicited input from the senior staff of the Water Department, this presentation was prepared by and is being presented by members of the Water Conservation Committee and does not necessarily represent the official position of the City of Santa Fe. If your group or organization would like to schedule this presentation, please contact either Doug Pushard (doug@ harvestH2o.com), other committee members, or myself. 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.

Marcia Wolf, Qualifying Broker • 505-982-4201 Missy Wolf, Associate Broker • 505-310-9700 200 W. DeVargas, Suite 2 • Santa Fe, NM 87501 • 505-982-4201 HOME MARCH 2012

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Business good at new home shop By Paul Weideman A White Ghost Italian Armchair shares space with rustic wood tables, a giant framed U.S. flag, and Mexican Equipale chairs with leather seats and stamped-tin back panels, available in yellow, red, green, or purple. These are a few of the items available at Jane Smith Home, a new shop at 511 Old Santa Fe Trail. On the corner of Paseo de Peralta, it’s a neighbor of Kaune’s Neighborhood Market, Ohori’s Coffee, and other businesses in Dos Caminos Plaza. Jane Smith fills a large corner space left vacant when Fraser Pharmacy departed in 2005. Jane Smith Home opened last Nov. 18. She spruced up the place with a ceiling of decorative, pressed-tin panels — a brandnew take on gloriously old-fashioned

interior design — that building owner Sonny Otero painted in a timeless steel gray. That huge American flag was formerly in Taos, owned by Tony Huston, the son of the famous film director John Huston. “He collected flags. We bought it in an antique store here in Santa Fe,” Smith said. Next to the cash register stands a tall (but not lifesize) replica of the Eiffel Tower. Smith found it in Arizona. It’s a bit gaudy, but it’s also beautiful. “Is it kitsch? I don’t know, but I love it. Look at this workmanship!” she said.

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Near one of the large windows on Paseo is a fluffy white sofa from Chehoma atelier d’ambiances, Belgium. Also from Chehoma are gorgeous, heavy-wire lamps. There’s a pair of cool red ottomans sculpted from laminated newspapers; a pair of lovely, sculpted wire chairs; a carved, painted statue of Guadalupana; and several old buckets on hinged rods that once brought water up from a well, by the sweat of a Spanish donkey. “I call what we have old and new,” Smith said. “I like that kind of decorating better. If you look in the magazines now, it’s too much of the new and it’s a little cold. I think the mix of the two is beautiful. Smith was born in Alabama and grew up in Chicago. She graduated in interior design (when it was called home economics) at Southern Illinois University. After college, she traveled to Copenhagen with a girlfriend and lived there for six months, then spent some time in Milan. In 1970, she moved to Colorado and was a resident there for 14 years. “I first came to Santa Fe in 1984 and I lived in Tesuque, in [builder] Betty Stewart’s guest house. When I came to Santa Fe, these people from Aspen were building the Stewart Compound with her over on Acequia Madre. We had a little gallery called Smith Stewart right over here where Ohori’s is. I was here for two years, then I went back to Colorado and when I came back I had a little store called Jane Smith on San Francisco Street. I designed sweaters. “Then I had a larger store where Chico’s is on San Francisco Street,” she recalled. “I had sweaters and custom-made cowboy boots and some home furnishings, including some things by L.D. Burke. I moved to Canyon Road and that’s when I began adding a lot of furniture. Later I was doing interior design out of my home, then I decided I wanted a store again. It took me a while to find this location.” She said business has been good at Dos Caminos Plaza. “We’re doing well. We have noticed customers have been buying expensive homes and coming in for furniture, and we also do a lot of gift sales. We have things starting at $10.” And up: an antique, yellow-painted, Mexican trastero from the 19th century is priced at $9,500. For a few thousand bucks, you can take home a splendid, distinctive bed designed to hang on it’s blacksmith-

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PHOTOS BY PAUL WEIDEMAN

Jane Smith in her new store featuring furnishings old and new

forged rods from a beamed portal or ceiling. A handsome iron tea cart from India is a popular item; Smith gets these new from a company in New York. Her new shop also carries assorted tableware,

glassware, cutlery, linens, soaps, pillows, candles, and mirrors. One of the niftiest things is a colorful roll of cotton napkins from Spain; you rip them off like paper towels. “We’ve had people come in and say how brave to open in this economy and how

happy they are because it’s like a bright light of sunshine,” Smith said. “You can get stagnant, but I just remember when I was very young and had different stores and I never thought about the economy, so that was kind of the way I decided to think about this store.” She’s still involved in interior design as well as being a buyer and shopkeeper. “I’m incorporating design with the stuff. I felt that people wanted more instant gratification now, because there’s so much available online. I thought this was a better way, in my opinion, to approach interior design. And so far it’s working.” The store telephone is 988-5670.


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ArtfullivingByDesign

An exhilarating start to 2012! 2012 began with the largest, most elegant celebration of the century: New Mexico’s 100th birthday of statehood. I had the distinct privilege of transforming the grand ballroom of the convention center to a magical setting that evoked New Mexico’s landscape in a warm winter glow. The celebration brought New Mexicans from all over our state together and was a success in every way, including raising money for the Children’s Legacy Fund that will endow children of New Mexico for the future. Jennifer Ashton, a designer with my firm, along with our assistant, Maria Candelas, presented a wonderful program to the Santa Fe Garden Club “The Language of Flowers in Art and Design.” Jennifer highlighted the latest textiles, both modern and traditional, as well as art from Marji Gallery and a stunning floral arrangement designed by Carol at Amanda’s Flowers, all linking the unbreakable connection of art and design. My husband and I spent eight fabulous

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days exploring black sandy beaches, miles and miles of pãhoehoe lava, and lush tropical lands in Hawaii. The trip was inspiring in many ways. The history of the architecture of Hawaii is fascinating and the ways in which natural materials are used is simply captivating, not to mention stunning! The architecture of Hawaii tells the story of her history, from Hawaiians of ancient times through its years to statehood [1959] and beyond - how the indigenous Hawaiians and their complex society evolved with the infusion of new styles brought to its shores, from the early European traders, the missions of the New Englanders and French Catholics, the plantation laborer cultures from the Orient to the influences of modern times. It is also a reflection of her unique climate and natural building materials that abound from coastal regions to the higher elevations of her mountain ranges. Most fascinating to me is the variety of ways that different types of lava are used

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in building, from pillow lava to a’a lava covering floor surfaces to wall surfaces as well as retaining walls. Snorkeling in Kealakekua Bay was incredible. The pale pink, purple and white coral architecture with dark fingers of pillow lava dotted with colorful sea urchins form a dynamic playground for needle fish, angel fish and butterfly fish with electric colors and vibrant patterns, truly an inspirational site. I will begin a design glossary in this column to increase your design vocabulary. This month’s term is “kappa cloth,” a cloth made from the bark of the wauke (paper mulberry) tree. The bark is harvested from 6- to 12-foot trees, then is washed and beaten with special tools bearing carved designs. This is an ancient Polynesian art that takes incredible patience but produces a cloth that is incredibly beautiful. For those of you who have recognized my name or my photo, or have followed my articles, I want to give a big thank you

LISA SAMUEL

and I want you to know that in the world of art and design and all things Santa Fe I am going bigger this year! Lisa Samuel, ASID, IIDA, is an awardwinning interior designer and furniture designer. She is owner and CEO of Samuel Design, the only native-owned design group in Santa Fe and working in major cities across the U.S. Contact her at 505-820-0239 or lisa@ samueldesigngroup.com


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OutandAbout

How much daylight is enough? We begin with a rather daffy rambling

Linda proves that California Girls make good Santa Fe Realtors

Branco & Hamilton (the new Cagney & Lacey?)

From Brush Ranch to Santa Fe, James has had a good ride

Liz is pumped about the Keller Williams business philosophy

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Dave’s varied experiences have served him well in his real estate career

Darci’s fresh new look

Darlings, We’re fast approaching daylight saving time - only a week away. Since 2007, DST starts on the 2nd Sunday in March and ends on the 1st Sunday in November. That means we have almost eight months of daylight saving, and what keeps me up at night is that I’m not sure I’m fully utilizing this saving. I mean, Cupcakes, I don’t think I’m saving enough of it to be able to spend it in those other four months. Or maybe that’s not the purpose of it. Which then leads me to believe that I should move to Arizona where daylight saving doesn’t exist, and I could concentrate on saving more in my 401K. Dearest readers, when the weight of these thoughts becomes too much for me (such as right now), I generously turn my thoughts to other people’s lives and involve myself in how they spend or save their time, daylight or not. To start the idle chatter about Realtors and their whereabouts, I’ll begin with Santa Fe Properties’ addition of their third office at 216 Washington Ave. (It’s the building across from Santacafé that was originally a cre dit union, then the French Quarter, and subsequently Sotheby’s.) That’s the location Linda Murphy, Cristina Branco and Jan Hamilton chose for their offices upon returning from their Sotheby’s sabbatical. They were glad to see their old friends already there: Marilyn Foss and Kevin Bobolsky, David Woodard, Tim Galvin, and Tom Abrams. Linda’s a California Girl who sold real estate in Manhattan Beach and who’s been a Santa Fe Realtor since moving here in 1990. She used to win prizes at the Wednesday-morning MLS meetings for sporting the most exotic outfits. Of course, Pumpkins, that was before the impact of the web and when the MLS meeting was a social event where hundreds of members of the real-estate industry gathered to

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share war stories as well as property info. Mon dieu, mes amies, how last century! (Sob.) To this day, however, Linda remains a pretty exotic dresser (not dancer). I would say that Cristina is pretty exotic herself: Portuguese, brought up in Africa, fluent in Spanish, French, Portuguese and English. She moved to Santa Fe in 1994 and when she became a Realtor in 1997, we made her swear under oath that she would never lose her lilting Portuguese accent, because we didn’t want her to be confused with the actress Salma Hayek. Cristina complied... there’s an occasional mix-up anyway. Jan’s been a Realtor since 1987, but before that she was my favorite banker when the Bank of Santa Fe was my favorite bank (sometimes, Kittens, I’d go in there and pretend I was opening a savings account or robbing the bank just to joke around with Jan and try to make her laugh while she was all dressed up and trying to look professional). She and Cristina have been partners in real estate (not to be confused with partners in crime) for the last six years, and they make a very professional duo. No kidding. How about men? Hmmm, my question exactly: do any men ever join Santa Fe Properties? Yes, Possums, of course they do. James Congdon (formerly Coldwell Banker Trails West Realty) surprised himself and made his first office jump since becoming a Realtor in 1998. James is a very steady and reliable guy - he worked for 28 years at Brush Ranch School in the Pecos before going into real estate - so moving required several extra acupuncture treatments from his girlfriend, Fiquet Hanna Duckworth to keep him that way. (Being a “family member,” she let him charge it rather than expecting payment at the time of treatment.) Dave Feldt finished his Sotheby’s sabbatical and returned to Santa Fe

OAKLEY TALBOTT

Properties, where he and James both chose the main location, 1000 Paseo de Peralta, for their offices. Puppies, you may not know this, but Dave and I are old western Kansas cohorts. He grew up in Grinnell, only a few miles from Oakley where my dad grew up (and from whence I got my name). That part of the country is also from whence Dave got his calm demeanor and reassuring manner, perfect qualities for a successful Realtor. Which he is. More good news. After letting the sun set on her back, the grass grow under her feet, and the hair on her head grow longer (see photo insert), Darci Burson has returned to us and is now the qualifying broker at Keller Williams. A welcome face back on the scene! Her partner, Liz Sheffield, moved over there, too. When I talked with Liz last month, they had just returned from the Keller Williams Family Reunion in Orlando, and they were so wowed with the KW business model for success that they didn’t even skip out and sneak off to the Magic Kingdom at Disney World. I end today with sad news. Artie Garcia (Barker Realty) died on Feb. 16th after a 37-month battle with a brain tumor. He was only 53. Artie’s heart, mind, and spirit were all focused on one thing: doing unto others more than he ever expected in return. His life was cut far too short, but he lived a life fuller than most people do who might live to be 100. If we could all be more like Artie, the world would surely be a better place. So long, Sweetpeas. Until next time... Oakley Oakley can be reached at merrilypierson@cox.net


SpousessellingHouses

Discount Home Supplies A fund raiser for Habitat for Humanity.

Great financing tool for problem properties We recently attended a presentation at the Santa Fe Area Home Builders Association that provided good news for the housing market. The topic was the FHA 203K Loan program. Unknown here in Santa Fe, these loans have been around for over a decade but just recently exploded across the nation with 23,000 loans originated last year and a 700 percent increase in the last 4_ years. What makes these loans so exciting? They allow borrowers to add the cost of home improvements into a single mortgage package. Roughly one-third of the properties on the market today are considered distressed and buyers do not have the extra cash necessary to make improvements after closing. This is where the 203K Loan comes in. For the buyers, it provides a single, government-insured loan at competitive interest rates. Currently, that interest rate is a quarter percent higher than FHA rates and allows for the standard FHA down payment, which in some cases may be as low as 3.5 percent. For properties that are older and require work, these loans allow the sellers to market to a greater pool of potential buyers. Typically, an older home that requires a great deal of work will languish on the market until an investor comes along to scoop a deal. A recent study by Realty Trac showed that investors who pay cash are able to purchase a property for 34 percent less than an owner occupant. With the 203K Loan program, that seller can still obtain a fair market value for the property and allow the buyer to make the necessary repairs and renovations that work best for him. The program has two tiers. The Streamline 203K is intended for uncomplicated repairs and improvements. The minimum loan amount is $500 up to the maximum HUD limits and may include new carpet, tile, kitchen renovations, roof repairs, and even window replacement. The Standard 203K is designed for more complicated projects and is a minimum $5,000. Structural issues and projects

Moving? Buying or selling your home? Keep us in mind and donate your gently used furniture, appliances, books, new and used building materials to the Santa Fe Habitat for Humanity

WE PICK UP! Call 505-473-1114 to schedule a pick up.

2414 Cerrillos Road  Hours: Monday - Saturday 9:00 a.m. - 5:00 p.m. www.santaferestore.org

MELISSA PIPPIN-CARSON ROGER CARSON

that may require more time and permits would fall under this category and older properties may be required to be brought up to current building codes. So how does this program work? Let’s say a buyer finds a property but it needs work, lots of work. The buyer has a team that includes the Realtor, the mortgage specialist, and a contractor. Bids are created for all the work the buyer wishes to have done. A contract is negotiated between buyer and seller that reflects the value in current condition and a contingency will be necessary to allow for 203K Loan approval and additional repairs that may be required by the lender. The appraiser will factor in the value of the finished repairs and that is the basis by which the lender will determine the base loan amount. HUD guidelines have a maximum loan amount of $427,500 for a single-family home. In Santa Fe there are many older homes on the market that would be perfect candidates for such a loan program. This is another great way to not only offer a buyer and seller more choices in this market but also to improve property values and revitalize older neighborhoods. Be sure to get team members who work well together and are familiar with these loans, since there are strict timelines to adhere to. The 203K Loan is the perfect product for our local market, so ask your broker for more information.

982.9836 | 1.800.586-1032 | 530 S. Guadalupe Street, Santa Fe, NM 87501| BarkerRealtySF.com

Santa Fe’s BEST Real Estate Blog Do you want to become an insider and be the first to know about changes in the Santa Fe Real Estate Market? Visit insiderSQUARED.com

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Roger Carson and Melissa Pippin Carson are Realtors Carson & Carson at Keller Williams. Call them at 505-699-3112 or email them at twicethesellingpower@gmail.com.

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Give Yourself the Gift of Abiquiu

LOt 2 RANCHO DE ABIQUIU – Overlooking the Chama River in Abiquiu, this spacious custom home (2,594 sq ft) was made for entertaining. The grand living room leading to the southern portal is ideal for enjoying the evening sunsets over the river. The cook’s kitchen and elegant dining room encourage conversation with friends and family. So many tasteful details in this home, with its dramatic entrance, study/library and master bedroom suite, will delight the most discriminating buyer. The 2 bedroom 2 bath guest house (954 sq ft) is done as nicely as the main house and is so inviting. This incredible24.5 acre parcel in the heart of Abiquiu has it all, riverfront (900+ ft), privacy, great hiking and riding in the nearby Carson National Forest as well as one of the loveliest home in Abiquiu. MLS 201200568 24.5 ACRES $798,000

MESA DE LUMBRE - Have you been waiting for something special in Georgia O’Keefe Country with red rock views, grasslands, Cedar and piñon trees as the hills rise in the Jemez Mountains? This 96 acres is so special and is already divided into 4 legal lots. Own this spectacular mesa and enjoy all the surrounding beauty. Keep it all for yourself or sell a couple of parcels to create cash flow. Come see this and stay forever! Easy access!* MLS 201101087 96 ACRES $545,000

RANCHO QUERENCIA -This lovely 4,300 sq ft pueblo style hacienda allows you to enjoy the dramatic color of Northern N.M. This private 250 acres which borders State Land has diverse topography of grasslands, mesas and red rock cliffs making it ideal for hiking and riding. This home is thoughtfully and artistically constructed with amenities that enhance everyday living with an exercise room next to the outside shower and hot tub, to a kitchen designed for serious cooks, this home creates an atmosphere of ease and elegance. The guest casita wing, dining room, family room, great room and book lined office compliment the 3 bedrooms, 3 bathrooms and make entertaining a lovely experience. THIS RANCH IS TRULY OUT OF THIS WORLD & ONLY 80 MINUTES TO SANTA FE! MLS 201005627 250 ACRES $1,885,000

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

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* Owner is a Licensed New Mexico Real Estate Broker



Santa Fe Real Estate Guide March 2012