santa fe real estate guide march 2011

8/7/2019 Santa Fe Real Estate Guide March 2011

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Santa Fe Real Estate Guide

The residential marketBathroom remodeling

March 2011


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231 Washington Avenue 505.988.8088

We Know Santa Fe Real Estate

Welcome to Knowing Santa Fe a completely unique proprietary online experience for th

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

sellers with our proprietary Santa Fe Property Explorer, delivering the most detailed information pos

about our Santa Fe real estate listings; land, farms, ranch properties and Santa Fe homes for sale.

only do we showcase photos of every nook and cranny (literally), but you will feel the propert

whether you are across the street in Santa Fe, elsewhere in New Mexico or half a world away. Vi

tours, detailed descriptions about finishes and special features, dimensions of rooms, plans and map

the property, downloadable brochures, and other features are available. We provide you complete ac

to the Santa Fe MLS listings in addition to our extensive internal listings of luxury homes and proper

Because its like no other real estate site youve ever visited, youll know what to expect before you

set foot on the property. We guarantee it.

But what makes our practice truly special? Our 50+ years of experience understanding the nuancethe Santa Fe real estate market and helping our clients find the Santa Fe properties they are looking

Its not always easy to navigate the Santa Fe real esta te scene. Santa Fe is a unique locale. So, if yo

lived here for awhile, or are just visiting Santa Fe for the first time, we can be of assistance.

KnowingSantaFe.comBecause its like no other real estate site youve ever visited, youll knowwhat to expect before you ever set foot on the property. We guarantee it.

RANCHO ALEGRE

MLS# 803749

BROWNELL HOWLAND

MLS# 807215

THE NEDRA MATTEUCCI

GALLERY COMPOUND

MLS# 803321

RAY RUSHDirect 505.984.5117Mobile 505.577.5117

[email protected]

TIM VAN CAMPDirect 505.984.5118Mobile 505.690.2750

[email protected]

JOHN RIGATTIDirect 505.984.5141Mobile 505.660.3353

[email protected]

Knowledge

~

Distinctive

Properties

~

Experience

GARCIA STREET

MLS# 201003410


3/49PAGE 3 BLACK CYAN MAGEN-

HOME MARCH 2011 3

MARION SKUBI GROUP

Marion Skubi Johnnie Gillespie

Aleka Moore

www.santafesir.com www.sothebyshomes.com/santafe 326 Grant Avenue 505.988.2533

MarionSkubi.com

Marion SkubiABR, CRB, [email protected]

Johnnie GillespiePartner, Marion Skubi [email protected]

Aleka MooreOperations Manager, Marion Skubi Group505.954.0732 [email protected]

71 GRAYTHORN$1,350,000MLS# 201100036

Remarkable Craftsmanship,Elegant Views

Operated by Sothebys International Realty, Inc. Sothebys International Realty is a registered trademark.

8 ENTRADA HERMOSA$949,000

MLS# 201100430

Featured Listings

Classic Pueblo-style Home

25 HONEYSUCKLE$840,000

MLS# 201100103

Inviting Santa Fe Style

PASEO DEL PALOMA

$1,395,000MLS# 201100061

Remarkable Views

Why search for Santa Fe Real Estateon MarionSkubi.com?

View all of our listings

Search the entire Santa Fe MLS

Save searches and favorite properties

Receive daily emails for:- Price Changes

- New Listings- Status Changes

Updates on Santa Fe Neighborhoods, Events,and Real Estate News

Monthly State-of-the-Market Reports

Why search for Santa Fe Real Estateon MarionSkubi.com?

View all of our listings

Search the entire Santa Fe MLS

Save searches and favorite properties

Receive daily emails for:- Price Changes

- New Listings- Status Changes

Updates on Santa Fe Neighborhoods, Events,and Real Estate News

Monthly State-of-the-Market Reports


4/49BLACK CYAN MAGENTA YELLOW

4 MARCH 2011 HOME

A r t o f LIVING

F i n e p r o p e r t i e s t o s u i t y o u r S a n t a F e l i f e s t y l e

326 Grant Avenue, Santa Fe, NM 87501 505.988.2533 800.409.7325 www.santafesir.com www.sothebyshomes.com/santafe

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

Santa Fe Team

Jennifer Gallagher, 505.660.8793 Moo Thorpe, 505.780.0310 Chris Haynes, 505.660.6121

213 CAMINO ENCANTADO $1,295,000

6 COLUMBINE $529,500A delightful 3BR, open floor plan home plus studyand an attached studio in gated Salva Tierra.Spacious kitchen with granite tile counters includesdining and a family area. Two wonderful patios withviews of the Sangre de Cristo and Jemez Mountainsas well as mature landscaping. Three-car garage.MLS# 201005229


PRICE R

EDUCED

$200,00

0

NEWL

Y PRICE

D

20 TECOLOTE $1,175,000This exceptional Las Campanas home was built byone of Santa Fes most prestigious builders, DougMcDowell. The property consists of a 2BR mainhouse and an attached 1BR guest suite. Spaciousportal with a fireplace overlooking the gardens andmountain views. Just under 1/2 acre.MLS# 201005687

2906 PLAZA BLANCA $3Exceptional free-standing unit, light and briggreat Southern exposures. Open concept dining room. Living room has high ceilingfireplace. Master is very private with large closet. Large 2-car garage and full laundryLandscaped, large and private patio with direct to walking trails. MLS# 201100109

For your new and evolving Santa Fe lifestyle, trust the Santa Fe Team to fi

your ideal property. Amid natures splendor Culture, Tradition, Communitsavor the Art of Living!

Perfectly situated on CEncantado, this home feels liin the country, but is only two

from the Plaza. A large entry

welcomes guests into the foy

a grand, circular wooden stai

The 4,450 sq ft home offer

bedrooms, four and one half

five fireplaces, beams, dram

carved corbels, gourmet kitchen

master suite that occupies the

2nd floor. Lovely garden

recirculating stream and enterta

patio. MLS# 201004150



HOME MARCH 2011 5

SANTA FES MARKET LEADERWe Outsell All Other Santa Fe Brokerages.*

*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sothebys International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sothebys

International Realty, Inc. Sothebys International Realty is a registered trademark.

231 Washington Avenue 505.988.8088 www.santafesir.com www.sothebyshomes.com/santafe 326 Grant Avenue 505.988.2533

Shane

Cronenweth984-5158

[email protected]

www.ChooseSantaFe.com

11 ABIERTO WAY $875,000Enter a private courtyard, gaze through a dramatic glass-walled entry galleria, and be awestruck by vast mountain andsunset views. The exciting design of this chic 2008 home is evident, with high beamed ceilings, luxury finishes and customdetail. The open concept floor plan has splendid spaces, including an impressive great room, high-end kitchen, and

fabulous portal opening to gardens and views. The private master includes a lavish bath with a magnificent stone wall.Equity Golf Membership is included. MLS# 201100580

24-C PASEO ENCANTADO NE $815,00Lose yourself in dazzling sunsets and an unbelievable carpet stars from this marvelous custom Tesuque residence on 5acres. Southwest style with Mediterranean accents createsdelightful ambiance. Tiled floors, soaring ceilings, hantroweled plaster walls, vigas and abundant antique architecturelements enhance the home. With its dramatic living roomromantic master suite and lovely guest quarters, plus a hugentertaining portal and spacious landscaped grounds, this isSanta Fe dream. MLS# 201005595

11 LONGHORN LANE $1,075,000Ultimate country luxury amid sweeping vistas defines thisexquisite one level Sharon Woods home, in gated La TierraNueva. The splendid living room has soaring ceilings, hugewindows and opens to a fabulous portal. The lavish master suitewith fireplace and picture postcard view is heaven, and the eat-in kitchen is a cooks pleasure. Enjoy the library/media room,remarkable garden room, enchanting guest house andspectacular landscaping. Hand-troweled plaster walls, beams,tile floors, A/C. Horses welcome. MLS# 201004244

03-1/2 VICTORIA STREET $898,000Come home to this warm, inviting Historic Eastside 2,837 sq ft

ouse imbued with authentic southwest detail, including covedeilings with vigas, hand-troweled plaster walls, lovely tiledoors and kiva fireplaces. Featured are a dramatic sun-filledving room with portal, terrace and walled gardens, a fantasticining room, and an impressively equipped kitchen witheparate breakfast room. The excellent master suite has aanopied deck and sunset views. Includes a two-car garagend built-in speaker system. MLS# 201006010

1344 UPPER CANYON ROAD $1,500,00Remarkable value! Behind gates and superbly sited on a prime Eastside 1.87 acre lot, thmarvelous home with attached guest apartment merges modern amenities with historic elementWith prized sunset and mountain vistas, the house has a gorgeous 43' great room, two portalsfantastic grill island, and spacious deck. Featured are a lovely master, high-end country kitchehandsome family/media room, private office, wine/storage room, rich hardwood floors, generoumotor court, and a groomed hiking path. MLS# 905559

07 EAST PALACE AVENUE, #16 $395,000Simply irresistible! In a 1920s adobe four unit building, nestled in desirable La Vereda Compound,his enchanting 1,170 sq ft, two bedroom home is awash with light, and offers southern, mountainnd sunset views. Exquisitely restored and updated, it features hardwood floors throughout,

Craftsman-style windows and doors with float glass panes, custom tile work in the kitchen, bathnd fireplace hearth, a deep Juliet balcony for dining, and a lovely garden. A pleasant stroll to both

Canyon Road and the Plaza. MLS# 201100443

NEWLISTING

Caroline

Russell954-5530

[email protected]

www.ChooseSantaFe.com

Dont Miss Insiders Guide to Santa Fe, at ChooseSantaFe.com

NEW

LISTING

NEWPRICE

NEWPRICE



6 MARCH 2011 HOME

SANTA FES MARKET LEADWe Outsell All Other Santa Fe Broke

*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sothebys International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by SothebysInternational Realty, Inc. Sothebys International Realty is a registered trademark.

326 Grant Avenue 505.988.2533 www.santafesir.com www.sothebyshomes.com/sant

V i s i t O u r P o r t f o l i o o f O u t s t a n d i n g H o m e s & H o m e S i t e s a t

w w w . H o m e T e a m S a n t a F e . c o m

H O M E T E A M S A N T A F E

D A V I D

R O S E N :5 0 5 4 7 0 9 3 8 3

C H R I S T O P H E R

R O C C A :5 0 5 4 9 0 2 9 9 9

EXCEPTIONAL LIVE/WORK LOFTMarquez PlaceHandsomely finished contemporary

style 2BR, 2BA, live/work townhouse loft in a park-

like setting with light-filled interior spaces plus a

private garden. The main level Great Room

includes 3 distinct areas with tall ceilings, large

windows,scored concretefloors and doorsopening

to garden plus galley kitchen. Upstairs is a second

bedroom, bath and laundry. MLS 201006300

OFFERED AT $379,000

SUBLIME SOPHISTICATIONOne of the remarkable remodel stories at Quail Run,

this 2BR, 2BA, single-level, Pinon C home, replete

with denand landscapedgardensraises thebar.The

deft hands of world travelers with expertise in design

and architecture have created a truly wonderful

home. Theessence of Pueblo Revival style remains,

enhancedwith Art Deco touchesand echos of Paris,

New York and Marrakesh. MLS 201006316

OFFERED AT $789,000

MAGDALENA COMPOUNDEastsideSeldom on the market, the original

Magdalena Compound residences are infused with

authentic charm andthe unique sensibilitiesof Santa

Festyle.Thishandsome2BR home isno exception.

All the elements, from the large Great Room, to the

fireplaces, beamed ceilings, formal dining, outdoor

living areas and 2nd floor sleeping rooms will delight

you and evoke the essence of Santa Fe.

OFFERED AT $775,000

FOOTHILLS ADOBEWith the Sangre Foothills as a backdro

of theSandiasand Jemez at thefore, th

2BR, 2BA, plus den, solar-designed a

sited on 5+ rolling acres, offers authen

living in a remarkablesetting. Santa Fes

in exposed adobe walls, arched adobe

circular rock fountain, solarium and fir

more. Horses allowed. MLS 201005974

OFFERED AT $599,000

Pam Wickiser

[email protected]

Bob Dunn505.470.9883

[email protected]

Enjoy the golf course, tennis courts, a modern exercise facility, indoor pool, jogging trails and the highly acclaimed restauran24-hour manned gated security. Located 3 miles from the Plaza.

New Listings at Quail Run Santa Fes Premier Gated Community

Combined55 years of Santa Fe

Real Estate Experience

HACIENDA MODEL, $1,335,000 #201100

PINON E MODEL, #676$950,000 #201006515

PINON E MODEL, #907$875,000 #201100446

PINON C MODEL, #667$665,000 #201006457

PLAZA B MODEL, #201$410,000 #201100246

124 MATEO CIRCLE NORTH$468,000Elegant Stamm home withrecent designer updates.Great city location minutes to

the Plaza, medical facilitiesand shopping. A uni quefeature is all 3 bedroomshave their own in-suite baths.MLS# 201001539

614 GRIFFIN STR$348,000Perfect Santa Fe gThis charming, Santa Fe-style co

walking distance P laza and t he bSanta Fe. Two beplus 2.5 baths.MLS# 201005401


7/49



8 MARCH 2011 HOME

KEVIN BOBOLSKY

505.470.6263

[email protected]

231 Washington Avenue 505.988.8088 www.santafesir.com www.sothebyshomes.com/san

MARILYN FOSS

505.231.2500

[email protected]


506 JOHNSON LANE Romance and character resona

quintessential 2BR, 2BA, Eastsi

home on a quiet lane off Garcia. V

and wood floors, 3 fireplaces and

walls. Walled patio entry. #2010056

71 VIA PAMPA LAS CAMPANAS $2,000,000The finest art in the world would feel safe and comfortable in this home. Superb finishes,

spectacular views, 5,200 sq ft of elegant and refined living space, tons of sensational wall

space, 3BR suites and a professional kitchen. #201006155

HOLMAN RANCH $2,450,000A stunning and rare retreat comprised of

approximately 850 acres, 2 springs and the

Mora River running through it. Wander from

the wonderful historic adobe compound in a

lush river valley on trails leading up into

aspen and pine forest in the beautiful Rincon

Mountains. #201001402

403-405 SOSAYA OFF ACEQUIA MADRE$1,195,000Historic Willard Clark (1910-1992) home.

Former home of one of New Mexicos

beloved early 20th Century artists. Incredible

gardens, gourmet kitchen, and master suite

deck. Two separately deeded lots. Close to

Canyon Road. #201003163

RIVER SONG RANCH $1,495,000Abiquiutwo story, adobe home right on the

river with over 700 feet of Chama River

frontage. Lots of New Mexico charm and

nestled under the cottonwood trees! Three

bedroom, 3 bath, 3,700 sq ft home on

19.676 acres. Includes a barn with a

wranglers quarters, studio, and irrigated

pasture. #201003416

ROCIADA SPRINGS RANCH $3,500,000350acre +/- fencedand gated alpine andaspen

meadow retreat with a totally rebuilt compound.

Historic cabins and stables. Spring fed ponds.

The Rito deGascon runsthrough the ranchand

the Gascon Trail borders the property line.

Additional acreage available. Approximately 1.5

hour scenic drive from Santa Fe. #201001751

www.ranchnewmex.com

Marilyn Foss with Sheila Paterson, left, and Dilys E

15 CERRO BLANCO $539,000Soft, Southwest Contemporary-style 3BR,

2BA single-level home with stunning views of

the Galisteo Basin and Cerro Colorado. A 7

acre lot allows for horses and a 1,200 sq ft

studio or guest quarters. #201100489

75 AVENIDA DE LAS CASAS $Custom 3BR, 2BA, 2,054 sq ft, single-level home at Casas de San Juan. Views an

and in this exclusive gated community next to the Santa Fe Opera. Great room, 3 f

radiant heat and 3 patios. #201100205

NEWLISTING

NEWLISTING

Marilyn Foss is

pleased to announce

her new National

Association of

Realtors designation

as a Seniors Real

Estate Specialist

SRES

Serving those 50

years of age

and older

Marilyn Foss is

pleased to announce

her new National

Association of

Realtors designation

as a Seniors Real

Estate Specialist

SRES

Serving those 50

years of age

and older



HOME MARCH 2011 9




www.santafesir.com www.sothebyshomes.com/santafe 231 Washington Avenue 505.988.8088

LUCIE LAWSON505.670.4789

[email protected]

616 LOS ALTOS NORTE $1,295,000This exquisite home is carefully crafted with soothing, freeflowing interior spaces, combined with expansive vistas andwalking trails to town. Features include a fabulous livingroom, master and 2 guest suites, upscale kitchen, office,breakfast nook, 4 fireplaces, outdoor entertaining area,plaster walls, ceramic tile floors, and AC. MLS# 201006226

957 PASEO DEL SUR $899,000Minutes from the Plaza, sited on 1.02 acre, this marveloushome, suffused with light, sits high on the lot to capture theviews from the main living areas and master suite. Weldesigned with a new heating/AC system, it offers a gourmetkitchen with upscale appliances, great room with fireplaceseparate dining room, spacious master suite, and officeplus two guest suites with private baths. MLS# 201002264

528 CAMINO LOS ALTOS $1,349,000Nestled behind courtyard walls this stylish, singlelevel home with a detached guest house, designedby John Midyette, offers exceptional livingspace andis well located to downtown.The interior is warm and

inviting, featuring wood and beam ceilings, 4fireplaces, corner windows, a spacious great room,luxurious master suite and upscale eat-in kitchen.The large covered portal showcases striking viewswhile providing a superior outdoor living area. MLS#201003689

409 LOS ALTOS WAY $2,200,000Spacious and light filled, sited on 3 acres with panoramicviews, this custom LeMaster home offers exceptional livingspace, lovely plaster walls, tile floors, professional kitchen witha breakfast nook and fireplace, separate master plus 2 guestsuites, office and self contained family area with bedroom,bath and living room. Beautifullylandscaped. MLS#201004750

Ashley Margetson CRS, GR9 8 4 . 51 8 6 C e l l: 9 20 . 2 3 00

[email protected]

SANTA FES FINEST B&BA historicadobe in perfect locationdowntownis a pretty walk 3 blocks to the Plaza. 18 loveguest rooms with stylish baths, plus live-managers suite. Charming breakfast greroom; elegant, comfortable public spacepatios and deck. Loaded with characteambiance, and Santa Fe style. Parking loEstablished perennial landscaping. $2,950,00

RANCHITOSANTUARIO

Expanses of open views inevery direction yet total sereneprivacy. Wonderful floorplan!

Several living spaces, withpanoramic views. High, pitchedceilings, stained concrete andmarble floors, fun open conceptkitchen. Outdoor living spaceslook over G al isteo Basin.Stunning pool environment.

$900,000

SPANISHCOLONIALMASTERPIECE

On 2.5 private, wooded acres thiselegant Spanish Colonial-stylehacienda features 4,400 sq ft withexposed adobe walls, separatedining, family room, 4BR and3.5BA. A glamorous curvingstaircase leads to the mastersuite, office and sunroom. Greatkitchen with breakfast area, andvast entertaining deck! Now maybe best buy on market! $695,000

EXQUISITEPERFECTION

A compound of comfortableluxuryand seclusion with breathtakingviews on 50 acres, 12 minutes totown. Antique doors, stonefireplaces, handsome hardware,gorgeous plaster and divinefinishes. It has everything!Mainhouse, guesthouse, studioand office, and caretaker casa, allcustom best of everything, ingated Los Caminitos. $3,750,000

HISTORICSTORYBOOKHOUSES1898 adobe house, guest houseand art studio. Off CanyonRoad. SO special! High old

trees. Plenty of parking.Ambiance charm character.New wiring, plumbing andunseen necessities authentic,original interiors! One of amagical kind! You have neverbeen anywhere like this.

$999,000

DIVINE EUROPEANVILLA

Exquisite European-style villa withhigh beamed ceilings, beeswaxrubbed Venetian plaster walls,Italian tile floors, antique doorsand columns, the loveliest finishesand fixtures, and on 11 acres asprivate as a palazzo in Piacenza.Expansive rooms and expansiveviews, 3BR and baths, extra familyroom, 3,000sq ft,and5 minutes tothe Plaza. $1,195,000

ABIQUIU LAKEWATERFRONT

Waterfront! Sunning and dramaticview lot with spectacular waterviews, red cliffs, and GhostRanch from this scenic 10 acreretreat 1 hour from Santa Fe.Magnificent building sites, welland utilities. Owner/Broker.

NOW $399,000



10 MARCH 2011 HOME

Emily Loves to Sell Santa Fe!


*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sothebys International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by SothebysInternational Realty, Inc. Sothebys International Realty is a registered trademark.

231 Washington Avenue 505.988.8088 www.santafesir.com www.sothebyshomes.com/santafe 417 East Palace Avenue 505.982.

FREDRAZNICK

Direct: 505.984.5142 Cell: [email protected]

15 WILOWA LANE

$498,000Captivating mountain viewson a wonderfully woodedand very private 5 acre lot.3,150 sq ft. 3BR, 3BA tri-level home with living anddining rooms, kitchen andbreakfast room. Separateentry for studios, offices, oradditional living spaces.Private well. RefrigeratedA/C. #201100100

52 HERRADA ROAD $339,000Light and airy 1,760 sq ft, 3BR, 2BAhome with family room, separateliving and dining rooms, adjoiningkitchen. Large fenced yard, 2walled courtyards and portals. Tileand hardwood floors, beam ceilingswith wood decking throughout.Natural gasradiant heat.1.5 mountainview acres.#201006303

ELDO

RADO

APAC

HERIDG

E

360 Garcia Street $1,100,000 (S)

3248 Nizhoni $305,000 (S)

4 Escondido Mountain $332,000 (S)

113 Michelle Drive $425,000 (S)

42 Camino Tetzcoco $498,000 (B)

12 Herrada Court $334,000 (B)

Emily Medvec brinunique set of varesources to the tabbuyers and sellersfocuses her vision, othe-box thinking internet savvy on wimportant to you.

Call Her Toda

C ell : 5 0 5 .6 6 0 .4 5

santafe@emilymedve

emilymedvec.com

buysantafehomes.c

Blog: onsantafe.co

Emily MedveCRS | SRES | RS

RECENT SALES 2010 2011

Emily Loves to Sell Santa Fe!

CURRENT LISTINGS 2011

88 Amberwood Loop $1,200,000

77 Fin del Sendero $875,000

110 Calle Pinonero $495,000

2226 Calle Alvarado $368,000

LOTS

72 Encantado Loop $178,000

1409 Hickox $120,000

2999 West Alameda $160,000

1888 Camino De Pabilo $219,000 (B)

11 Paseo Luna Blanca $236,000 (B)

6597 South Richards $249,000 (B)

2408 Calle Loma Bonita $235,000 (B)

1019 Calle Carmelita $239,000 (B)

(S) = Seller (B) = Buyer

Experience + Marketing + Negotiation = Results

Eldorado285AreaHomes.com Tune in Every Sunday

All Things Real EstateRADIO SHOW

Join host Rey Post and his guests each Sund

at noon on Santa Fes Talk 1260 KTRC-AM

REMOTE BROADCASTSThe remote broadcast at my HOA/Condo Association Seminarthe Hotel Santa Fe was everything I had hoped it would be bothterms of the number of people and diversity of associations in

attendance.We had great interactions betweenattendees and the expert presenters and the remotebroadcast concept gave it added credibility while alsoexpanding the audience. I definitely plan on staging

other remotes in 2011.

Tom Simon, Principal of Westgate Properties, LLC

Contact Rey Post to schedule your

Remote Broadcast: 505.989.8900



HOME MARCH 2011 11

Featured Listings

505.988.28061-877-98 ADOBE

www.adoberealtyofsantafe.com

Beth E. FaurQualifying Broker

505-690-2713

Roseanna Z. GonzalesBroker Associate

505-470-5638

312 Camino Alire

Santa Fe, New Mexico 87501

BARRANCA ROADCustom Adobe Home on a tree-covered 2 acre lot with views.The artistry of the interior adobe walls, bancos & replaces

impressive.This 3 bedroom home offers an attractive split-levelmaster suite, viga & coved ceilings throughout, beautiful lighting,

xture & stone details,and various courtyards with fabulousardens & water features. $1,199,000 #201002674 Call Roseanna

PASEO BARRANCA

A Well maintained and updated Northeast side Santa Fe homenestled in a pinon covered landscape with mountain views,

privacy and convenience.3900 SF, 3 bedroom suites with fullprivate baths, large studio/ofce, plaster walls, Italian tile oors,3working replaces,in-oor radiant heat, foam roof with transfer-

able warranty,attached 3 car garage featuring a loft area foradditional storage and roof access. $895,000 Open House

1106 Paseo BarrancaToday 12-2. MLS# 201005650 Beth

GATEDCOMMUNITYHORSEPROPERTY

Country living at its best in the gated community

of Rancho San Marcos. 11.62 acres with expansive

views and riding trails throughout.This immacu-

lately maintained homes offers 3 BD,2 BA plus an

attached 3 car garage. Outbuildings include a horse

barn,tack room, hay storage and corrals.Water

catchment barrels, landscaped and treed prop-

erty make this an oasis in the high plains desert.

$345,000 MLS# 905580 Call Beth 505-690-2713

CIBOLACIRCLE

List Price $289,000

Sold by Roseanna Z. Gonzales

OLD PECOSTRAIL

The convenience of living on Old Pecos

Trail.This 3300 sf home with attachedguest house on nearly 1 acre of naturally

landscaped land offers 3 BD, 3 BA and 3 kivareplaces in the main house as well as a 1BD,1 BA and kitchenette.Antique doors,plaster walls, vigas and California closets.

Attractively priced at $699,000 MLS#905892 Call Beth 505-690-2713

DELGADOSTREET

Downtown Location - Just 3 blocks to the

Plaza from this 2 bdrm home and guest

casita. House with kiva, new heating system

and spacious rooms.Lots of light & up-

dated kitchen in casita. Good rental history.

$470,000 MLS#201004035 Call Roseanna

OPEN

HOUSE

TODAY 1

2 2

PRICE

REDUCED

Excellence, with a touch of grace

231 Washington Avenue Santa Fe, New Mexico 87501 505.988.8088

PerfectAdobeCasita207 Closson $475,000

Contemporary with Views1445 Nevado Ridge $1,100,000

Across fromGeronimos!653 Canyon Road, #16 $750,000

HugeHouseandGuestHouse1295 Vallecita $599,000

GreatHouseandValue6388 Jaguar Drive $170,000

LandNearEldorado6 Cerro Circle $75,000

For more detail visit: www.emilygarcia.com

505.955.7963 505.699.6644

[email protected]

TREMENDOUS VALUES that will be remembered for years to come...

WalktothePlaza112 La Vereda $799,000

Emily Ivette GarciaCRS, Real Estate Broker

400AcreOasisMimbres Valley $1,980,000

GalisteoSerenitywithStudio13 Marcelina Lane $994,000

PicturesquePueblo Style10 Petroglyph Place $700,000

Ramah,NMRetreat61 Shorecliff Ramah $400,000

2LegalLotsAbiquiu Land $90,000

OUT OF TOWN

A soft, contemporary design with natu-ral finishes such as Anazasi stone walls,custom plastered walls, and expansivewindows enhance this stunning SantaFe Summit home. Featuring outstand-ing mountain views this 3,581 sq ftproperty with open living spaces, agourmet kitchen and butlers pantry,a spacious master suite located on thelower level down an elegant spiral stair-case, two offices, second bedroom suiteand private outdoor patios. Uniquelysited on 1 1/2 lots for privacy.



12 MARCH 2011 HOME

326 Grant Avenue 505.988.2533 www.santafesir.com www.sothebyshomes.com/santa

NEIL LYON GROUP

NEIL LYON, CRB, CRS, GRIDIRECT: 954.5505 CELL: 660.8600

EVELYN SPIKER,CRS, GREEN, RSPSDIRECT: 954.5556 CELL: 930.0999

VANESSARIOS Y VALLESDIRECT: 954.5522 CELL: 231.3708

49 RANCHO ESCONDIDO

This stand-out estate includes a fabulous main house, an unusuallyspacious guest house, a charming casita, heated stables, a poolwith cabana and an incredible outdoor kitchen. The craftsmanshipand details are of the highest quality. #201003102 $13,500,000

3 CALLE VENTOSO WEST

Fabulous 4BR home plus an office featuring magnificent mountainviews. Quality finishes include travertine floors, granitecountertops, beautiful plaster and woodwork throughout. EquitySocial membership included. #201100852 $1,150,000

TESUQUE LAS CAMPA

MUSEUM HILL LAS CAMPA

WILDERNESS GATE VILLAS OF BISHOPS LO

1055 OLD SANTA FE TRAIL

A classic Santa Fe residence on 2.8acres.Terrific location providingwonderful views of the Sangre de Cristo Mountains. 4BR, 6,568 sq ft,with formal living and dining areas, an office and library. Gorgeousoutdoor spaces. #201100111 $1,350,000

36 SIERRA ROSA LOOP

Lovely 3BR, 3.5BA residence with a dramatic living and dining room aswell as a wonderful family room right off the large chef's kitchen.Classic and high-quality finishes found throughout. Wonderful entrycourtyard and portal spaces. #201005189 $850,000

2232 WILDERNESS ARROYO

An exquisite home offering privacy, convenience, and magnificentviews. The property includes a 4BR main house plus very largestudio casita. Masterfully renovated by Wolf Corp. Minutes to town.#201002730 $1,975,000

4-A LODGE CIRCLE

An exquisite residence in the Hills and Villas at Bishop's Lodge.3BR, 3BA, Santa Fe-style finishes, large bedrooms, high ceilings,and multiple patios. Community amenities included. #201002437$675,000

NEW LISTING

NEW LIST

2232WildernessArroyo.com

36SierraRosa

4ALodgeCircle.c

24 TANO ESCONDIDO

The romance of Northern New Mexico is captured in thisTraditional-style, pitched-roof, 5BR residence. Incredible attentionto detail. Large portal with outdoor fireplace and a beautifullylandscaped yard with water feature. #201100515 $1,650,000

6 PLAZA MOLLENO

Stunning 3BR, 4BA residence in Las Campanas. Perfect blend ofcontemporary and pueblo-style design with breathtaking views oftheSangrede Cristo Mountainsand the Sunset Golf Course fairway.#201100255 $1,575,000

TANO ROAD AREA LAS CAMPA

NEW LISTING

UNDER CONTRACT

NEW LIST



HOME MARCH 2011 13

www.santafesir.com www.sothebyshomes.com/santafe 417 East Palace Avenue 505.982.6207*Based on dollar sales volume obtained from the Santa Fe Association of Realtors Multiple Listing Service and Sothebys International Realty sources. Deemed reliable but not guaranteed and subject to change. Operated by Sothebys



DARLENE STREITAssociate Broker

505.920.8001 [email protected]

SantaFeRealEstateScene.com

Linda Gregory, Licensed Assistant505.438.6757 [email protected]

1224 NORTH SUMMIT DRIVEThis home offers an elegant mastersuite, 7 fireplaces, high ceilings,plaster walls, stained concrete floors,a 2-car garage, heated driveway,extensive flagstone terraces, infinityp oo r, p an or am ic v is ta s, a nd aluxurious guest house.

MLS# 201001398 $1,800,000

815 EAST PALACE, #12The quintessential getaway in Santa Fe!Three BR adobe condo tucked into thehistoric Eastside hills. Wood-burning kivafireplace, brick floors and a private, tree-covered patio with mountain views.

MLS# 201100253 $650,000

DERMOT MONKSAssociate Broker

c 505.470.0639

t 505.946.2258

f 505.946.1615

[email protected] dermotmonks.com

RANCHO DE JACONITA $5,000,000Family compound on 43+ tranquil acres situated for the ultimate in privacy. 7,000 +/- tripleadobe main house with a 4,000 +/- sq ft, 3BR, 3BA, gourmet kitchen, and a

randparents/guest house. Two separate guest casitas, workshop, swimming pool,Sangre de Cristo views, 2 pre-moratorium wells, 11+ acre feet water rights, and 11+ hoursacequia rights. Pasture lands, 80+ feet high cottonwoods ideally located between thePojoaque River and the Barrancas. Owner is a New Mexico Real Estate Broker.MLS# 201000703

41 RANCHO ESCONDIDOExtreme privacy and views within this41+ acre lot less then 5 minutes fromSanta Fes historic plaza. A 1.5 acrebuilding site within a 41+ acreconservation easement. Horsebackand hiking trails. Simply the bestSanta Fe has to offer.

MLS# 201100052 $1,450,000

2005 SENDA DE ANDRESSun-filled contemporary in a gorgeous

wooded setting minutes from thePlaza. Great house for entertainingwith open floorplan living/dining roomwith patios to the east and west.Sky li gh ts a nd a nt iq ue b ea msthroughout. Travertine tile floors inliving/dining/kitchen and white ceramictile floors in bedroom wing.

MLS# 2 01100 75 6 $ 749 ,000

99 MEJOR LADOLight, airy and spacious best describes this3 bedroom, 4,100+/- sq ft, Adobeworkshome with panoramic mountain views andsunsets. Oversized 3-car garage and 1,000sq ft attached casita with private bath.

MLS# 201100448 $745,000

638 CAMINO DEL MONTE SOLIn traditional Santa Fe style, this 4BR, 3,600sq ft adobe on the historic Eastside has abricked entry portal, vigas and beams,wooden floors and hand-carved doors. Theproperty includes an English garden.

MLS# 201005540 $1,299,000

HYDE PARK, ADJACENT 800 EASTThis beautiful estate lot offers 68 acres witgreat development potential. Locatewithin walking distance to the HistorPlaza. One of the last of its kind.

MLS# 201006501 $2,300,00

1307 LEJANO LANECharming 2,890 sq ft home located on th

desirable Northeast side. This loveproperty offers high ceilings with vigas anbeams, an updated kitchen, 2 fireplaces, family rooms and a large deck.MLS# 201006220 $640,00

NEWPRICE

413 PLAZA LOMAS, LOT #34Winner of the multiple awards in the 200Parade of Homes. High-end finishesseparate casita could be a studio or guehouse. Borders open space and 5 minuteto downtown.

MLS# 201006501 $625,00

NEWPRICE

GREAT ES

TATE

LOT

NEWPRICE

NEWLISTING

NEWLISTI

NG

NEWLISTING



14 MARCH 2011 HOME

326 Grant Avenue 505.988.2533 www.santafesir.com www.sothebyshomes.com/sant




I have been asked by countless clients about how theSanta Fe Real Estate market is fairing, so I decided thatmany of you might want to know the real facts andfigures. In a nutshell, the data is mixed with some goodnews and some not-so-good news.

In this newsletter I focus on the greater Santa Fe area(city andcountysingle family residences) with numbersbroken down for both county and city compared acrossa two year time span and then a further dissection forjust the Core Historic area which I define as thefollowing boundaries: Santa Fe River to the North, OldSanta Fe Trail to the West, Garcia to the South andCamino del Monte Sol to the East. I analyzed the totalnumber of units sold and average prices for the cityversus county comparison and I added an additionaldimension average price per square foot for the Core

Historic District.

What the numbers are showing: as a whole our SantaFe numbers are showing consistent trends with therest of the nation which when generalized indicatethat city properties are holding up better than countyproperties. Within the city limits the number of unitssold increased by approximately 11% along with an11% increase in average price. The average price of atypical Santa Fe City single family residence in 2010 isapproximately $341,750 up from the 2009 estimate of$308,000. The county on the other hand experiencedequal numbers of sales year over year, but lostapproximately 5% in average sales price, coming in atapproximately $ 367,588.

What I found to be the most interesting statistic was

the comparison between all residential sales (singlefamily homes plus condos) in the Core HistoricDistrict. While we had a phenomenal increase innumber of units sold year over year up 66%, theaverage sales price dropped by 21% in 2010 bringingdown the average sales price to $772,087 as comparedto the 2009 average sales price of $983,077. I furtherstudied the average price per square foot, which alsodeclined significantly by 26%, now hovering around$346.00 a square foot as compared with the 2009number of $468.00.

What is this telling us? At least forthe sales that occurredduring 2010, the majority of the sales were on the lowerend as compared to the sales in 2009. That is not to saythat we didnot have some higher priced homes selling inthe Historic Eastside, it is only to say that thepreponderance of sales were in the lower end, therebybringing down the overall average sales price, as well asthe average price per square foot.

In 2009 nearly 39% of the total sales in Core Historicwere over 1 million dollars, whereas in 2010 only 25%of the sales were over 1 million dollars, but twice asmany sales in the under $500,000 category. Essentiallywhat this is telling us (at least forthis past year) is whatseems to be selling are lower end properties, manybeing condominiums and to a lesser extent higherpriced homes.

I believe we are likely to see this change in 2011-2012

with the wealthier client feeling more confident aboutthe overall economy and economic recovery that seemsto be underway, along with recent runs in the stockmarket, adding dollars to their portfolios.

A more bullish stock market rally often precedes andsignals by several months a bullish transition for thehousing market sector as well. Housing will generallylag the stock market rally by several months whenentering into a bullish housing recovery. Often ahousing downturn can precede and somewhat predict a

future downturn in the stock market as wemarkets seem to be consistently intertwined, o

leading the other.

If the current stock market rally is indeed a gweather and indicator, I presume that we wdefinite and clear improvement in the housingparticularly starting in the upper end in 2011. see our previous pattern reverse with more sigin the higher end properties, which clearly wilthe Core Historic area along with other higcommunities.

Linda Murp

The Good..The Bad..and The Future...A two year comparison

Core Historic Eastside

Average Price Per Square Foot

36

21

$468

$346

$983,077

$772

Core Historic Eastside

Average Sales Price

Core Historic EastsideTotal Number of Units Sold

Linda is an expert at pricing a property to sell in a timely mannerno matter what the market is doing. Thats because she is on top of

the stats a real professional. Her staging tips and marketingexpertise proved invaluable in the three transactions she completedfor me in the past few months.J.K. Benson

Linda MurphyAssociate Broker

505.780.7711 505.954.5510

[email protected] www.lindamurphy.com



HOME MARCH 2011 15620 Cerrillos Rd, 984 0955 53 Old Santa Fe Trail, 982 1296

Fine Furnishings & Accessories

A new look for Spring...

with our complimentary design services!

ACCs Design Team (from left)

Larry Nearhoof, formerly Harrods

Peggy Garcia, Teresa White, Jeff Fenton, VP Design



16 M A R C H 2 0 1 1 HOME

Bathroom remodels make senseBy Paul Weideman

Y

oure thinking about a remodel job on a bathroom.

What kinds of things should you do, and how

much will it cost? One thing people want to do

is get rid of the old Mexican tile, said Rich Enrietta, vicepresident in charge of production at ChapmanCompanies

for over 35 years. Theyre going to the larger, 18-by-18-

inch tile to try to make the bathroom look bigger. Theyre

also upgrading the shower doors. Instead of the old-

fashioned slider doors they want the newer frameless door

thats cleaner-looking.

Enrietta said clients ask about the vessel sinks theyve

seen in magazines, but he stressed that those are examples

of the high-end types of things and that can really add up.

We did a remodel a couple months ago on a bathroom

that was about 10 by 12 feet and it was about $24,000. Then

we priced another one about the same size and it was more

like $35,000, just because of things like granite tops instead

of Formica.

He said Chapman has been doing remodeling for more

than 30 years, although the company took a little bit of a

break from such jobs when the single-family market was

really cooking a few years ago. From his experience, the

most expensive remodel work is that involving kitchens

and bathrooms. A job c an cost anywhere from $100 to

$300 a square foot, Enrietta said.

Remodelingmagazines most recent Cost vs. Value Report

shows that the price of an average bathroom remodel

a simple updating of paint and other standard finishes,

with a new tub is $15,752 in the Mountain Region of

the American West. A job that includes expanding the

bathroom from 35 to 100 square feet, relocating all fixtures,

and installing a spa tub, a shower with body sprays, two

sinks in a stone countertop, a humidstat-controlled exhaust

fan, and heated towel bars, costs closer to $52,000.

And now what about lead? The metal, which was used

extensively in house paints and other compounds before

its toxicity was known, is now the bane of remodeling

contractors, according to Steve Pompei, who has had

Pompeis Home Remodelingin Santa Fe for 23 years.

I feel were at a perfect storm in our industry. The new

lead ruling is a big issue, he said recently. Every contractor

in America has to be certified by the EPA to work on any

house built prior to 1978.

He refers to the Environmental Protection Agencys new

Renovation Repair and Painting (RRP) rule regarding lead.

It applies anytime the contractor will be disturbing more

than 6 square feet of painted surface.

First I have to inform the homeowner now that the

house may have lead, Pompei said. I have a lead test kit

and Ill take a diagonal cut through the bottom of a window

sill or door jamb to expose all the layers of paint. If it has

lead, youre [screwed]. We have to mask off the entire area

and we have to use a HEPA vacuum, which costs $1,200,

and all my guys have to wear Hazmat suits.

The RRP certification costs $700, and the fine for

noncompliance is $32,000.

We think this amounts to a 15 to 20 percent increase

in our business cost, he said. A project remodeling two

bathrooms for a duplex in Los Alamos had a price tag of

$46,200. Of that figure, $6,800 was for lead abatement.

Pre-1978. Thats all of Casa Solana, all of Casa Alegre.

This is my bread and butter, Pompei said.

Quite apart from the issue of homeowners who

do their own work, oblivious to the lead-dust dan

current work situation for remodel contractors in

several other challenges. More custom-home con

are doing remodeling to make up work lost on th

downturn. They might not understand the impor

A new bathroom by Chapman Homes



HOME M A R C H 2 0 1 1 17

st control in protecting the family living there; and it

rtainly takes work from remodel-only contractors.

Today the jobs are much sma ller, with a lower dollar

ue, Pompei said. Up until about 18 to 24 months ago, a

throom remodel would be gutting it to the studs, maybe

panding the bathroom, adding new electric, relocating

umbing and doing all new fixtures, a jetted tub, and lots

tile.

Now I hear, Leave the tub, Steve, leave the cabinets.

ere maybe doing new tile, maybe a new countertop, andaint job.

Materials, permit, and regulatory costs are up, including

cause of the citys new Green Building Code. Im all

r it, but could you find a worse time? Its getting to the

int where only the ultra-rich will be able to afford to do a

throom remodel.

Its cheaper for the homeowner to hire unlicensed

ople to do the work. This is whats happening. I love it,

cause I know Ill be back there in a few years to repair the

stakes, Pompei said.

More than ever, people need to be hiring experienced,

ensed, insured contractors.

Getting down to the nuts and bolts of bathroom

models, Pompei said he helps clients focus on making

tter use of the space, whether you want a larger spacer a growing family or youre looking at aging-in-place

modeling, like How will I negotiate this tub in 10 years?

Most homeowners want to get rid of the 1970s look. That

n be done by choosing elegant, modern glass tile and

ne elements as well as vessel sinks and water-efficient

lets, including the dual-flush and Water Sense products.

Among the choices for updated bathroom countertops

e laminate, composites like Corian and Zodiaq, and

arble and travertine.

For bathroom floors, give me tile any day, Pompei

vised. And if you dont like tile because its cold, we can

a radiant electric mat under the tile.

He added that exhaust fans are very imporant, especially

the very tightly insulated, newer homes. The homeowner

should invest in a high-quality

Panasonic fan, because the

cheap ones are loud and theyll

end up never using it.

Remodel clients should be

prepared for roof penetrations

for venting. Almost every

bathroom remodel needs

one, Pompei said. Its needed

whenever you add or move atub or shower or sink.

Over at ReBath, owner Tom

Poulin said people are wanting

products that are easy to clean,

with little or no maintenance,

and more than ever are looking

for products other than

tile because of moldy grout

issues. We have solid-surface

products for tub and shower

surrounds that are nonporous

and very easy to clean. Weve

done a lot of the LG HI-MACS

product up in Santa Fe for both

those and for countertops.

Albuquerque-based ReBath

is going on its second year in

its current Santa Fe location on

Zafarano Street, following a few

years at Santa Fe Place. But

ReBath has serviced Santa Fe

the whole 28 years weve been

in business, Poulin said.

Overall, our remodeling

is up 17 percent over last year

and 2009 was up about 25

percent, so we have not seen

a downturn in our ReBath

or in our 5 Day Kitchens

Bathroom remodel by Pompeis Home Remodeling

RemodelingMarket Index,2001-2010

TIONAL ASSOCIATION OF HOME BUILDERS

business. What we have seen it in is our

home addition business, Poulin Design

Remodeling. That has not come backsince 2008.

The average price for b athroom

projects has come down a little, which he

attributes to people being more frugal.

ReBath is a Certified Aging in Place

Specialist. One thing we offer is a

bathtub-to-shower conversion with a

seat and grab bars for a safe bathing

environment, Poulin said. We also have

a line of walk-in bathtubs that we can

substitute for your old tub.

Interested homeowners will find a

wealth of remodeling resources at the

website of the National Association of

Home Builders. Check out nahb.org to

explore design, colors, cabinets, energy

efficiency, financing, and other aspects of

remodeling.



18 M A R C H 2 0 1 1 HOME

If you know little to nothing about

a particular topic and have not much

inclination to educate yourself even if a

problem affects you directly, you would

be one of the hapless suckers born

every minute, so aptly described by P.T.

Barnum. His marketing principle, alas, is

not limited to huckstering paying fools

into the circus sideshow, but thrives in the

worlds of politics and academia.

Mental entropy can be, and is, relied

upon in ivory towers and halls of power

to direct or, in a more sinister way, to

nudge thinking and behavior to guide

policy. As you might imagine, I do not

intend to address geopolitical issues; I

will simply point out, again, how a void in

critical thinking applies to even the most

humble of the building arts - earthen

architecture. When you throw greenbuilding into the equation, the hyperbole

directed at the brain-dead grows

exponentially.

In this context I have had a lot of fun

with Mr. Barnums protgs. Remember

the zero-energy emerald, http://

crockerltd.net/adobe_zero_energy.htm?

And the Rastra scam, http://crockerltd.

net/adobe_rastra.htm? (I have an update

on Rastra - Oh, code enforcers! It

conducts water like a sieve and you need

to require, not prohibit, a moisture barrier

on the walls.) And, in exasperation,

bucket walls, http://crockerltd.net/adobe_

greenbuilding.htm.

Here is another good one. The

Spanish at the University of Seville

have collaborated with the Scots at the

University of Strathclyde to develop an

improved compressed earthen block.

A CEB is produced by using hydraulic

presses to create building blocks from

practically any local soil. In its simplicity

it is elegant, cheap and as green as it gets.

Academics, like those obfuscating

politicians, hate simplicity and all

except the really good mathematicians

abhor elegance. Driven, I suppose, byan obligation to spend some ill-fated

grant money in the search for a global

solution to housing, the Spaniards and

the Scots tested and published their

ideas for improving compressed earthen

blocks - see Construction and Building

Materials Vol. 24, Issue 8, August 2010,

Pages 1,462 to 1,468. Among their claims

are that their blocks are inexpensive,

environmentally friendly because they

do not produce carbon dioxide during

manufacture, they utilize local materials,

and they are strong.

This is what they have done: they

have subjected the simple CEB to

strengthening by adding sheeps wool

and a natural polymer derived from

seaweed. Whod have thunk?

I have no doubt that based on

their testing they have improved the

compressive strength and modulus of

rupture of CEBs. But really, no CO2?

Do sheep exhale? Do they, uhmm, emit

other - well, you know, gasses? Is there

no exhaust from whatever mechanism

is used to compress the blocks, nor any

carbon involved in the hydraulic fluid?

And is seaweed locally available in, say,New Mexico? You can buy the polymer

(its called alginate) for $49.95 for four-

and-one-half pounds, plus shipping.

Whoops, more of that dreaded carbon.

In this instance the researchers

have appealed to the suckers by taking a

product that doesnt need improvement

and subjecting it to totally unnecessary,

expensive and alien materials. Then

applied some exaggeration, probab

assure themselves that they had fed

green hysteria and to justify their w

to their sponsors. In practical term

accomplished absolutely nothing.

Old P.T. was right. And this one g

past a p eer review.

Edward Crocker is the principal of Cr

Ltd. (982-2448 or [email protected]),

a contracting firm specializing in histori

preservation, structural stabilization of n

older structures, and remediation of mo

problems. He is a Fellow of the United St

Committee of the International Council

Monuments and Sites.

UnderstandingAdobe

Pulling the wool

E D C R O C K E R

Today, it is no longer front-page news

that buyers are in control of the real estate

market, as it is beginning to stabilize.

There is more good news for sellers.

Homebuyers are not in control of social

networking online. Although social media

sites did not c reate the housing market

crash, they are creating new channels of

information between Realtors and buyers

and sellers that are stimulating a ctivity.

Remember when you went to a dinner

party during the housing boom and

everyone would only talk about real

estate? Those same dinner guests are

now talking about social networkingand talking online about what they see

happening in real estate. These new

conversations on Facebook, LinkedIn

and Twitter are helping friends, fans and

followers make sense of the market.

The National Association of R ealtors

recently reported that nine out of 10

homebuyers use the internet as a search

tool. Even though an increasing number

of buyers and consumers report they use

social-media sites for research before

they buy, NAR reported that only half

of all Realtor members are active social

networkers. Sellers might wonder whether

anyone is having a social networking

conversation online about their home.

Social networking sites - and blogging,

pictures, video and commenting - have

changed how Realtors reach buyers.

Now many buyers will often leave an

open house and tell everyone in their

online social networking sphere what

they think about the price, the home and

neighborhood. Their feedback movesquickly online. If they use a smart phone,

they are talking from their car in front of

the home.

It is no longer possible to be a secret

agent in real estate. It is important for

your Realtor to now be in-the-know about

online social networking. Otherwise

their behavior there could become a

disadvantage. For example, Twitter is the

place to have a conversation about a new

listing to followers. It is not a place to

make sales pitches. Facebook is a better

vehicle to profile a home on the market or

promote a blog about the neighborhood.

LinkedIn is not the venue to advertise

listings. When done the wrong way due

to inexperience - or, worse, by ignoring

social-networking etiquette - their

marketing blitz or offensive behavior will

turn off prospective buyers like a cold

blast of arctic air.

In this new landscape of real estate,

buyers want to establish relationships.

This is important for sellers to understandand use to their advantage when they

engage the services of a Realtor. Given

the merging of the internet and social

networking, buyers are more capable

of navigating information online. They

know their priorities because they have

often searched for real estate before

contacting an agent. They want to

reduce their financial risk by engaging

the services of people they know, li

and trust from their experience onl

Like you, they do not want to workstrangers when they are ready to bu

sell a home. See you next online.

Emily Medvec is an associate broker w

Sothebys International Realty. Her inter

how social networking online changes ho

we communicate and make decisions in

marketplace. Follow her at www.twitte

emilymedvec.

Socialnetworking

Twittering all the day long

E MIL Y ME D V E C



HOME MARCH 2011 19

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20 MARCH 2011 HOME

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HOME MARCH 2011 21



28 M A R C H 2 0 1 1 H OME

DETACHED SINGLE-FAMILY HOMES

CONDOMINIUMS/TOWNHOMES

DUPLEX/X-PLEX

MOBILE HOMES

Santa Fe 2010home-sale stats

1st quarter2010

Homes sold/median price

2nd quarter2010


3rd quarter2010


4th quarter2010


City northeast 23 16 31 11$6 75, 00 0 $ 81 3, 50 0 $ 67 0, 00 0 $ 69 7, 00 0

City northwest 7 12 9 9$3 87, 00 0 $ 37 1, 50 0 $4 00 ,0 00 $ 41 7, 50 0

City southeast 23 33 36 34$4 30, 00 0 $ 43 2, 25 0 $4 62 ,1 25 $ 45 9, 20 7

City southwest 57 89 69 60$2 03, 00 0 $ 23 9, 95 0 $2 19 ,0 00 $ 21 9, 00 0

City total 110 150 145 114$4 64, 00 0 $ 28 8, 00 0 $3 18 ,0 00 $ 29 7, 00 0

County north (Tesuque, Pojoaque) 2 12 8 5$1 79, 50 0 $ 54 8, 25 0 $4 80 ,0 00 $ 60 5, 00 0

County southeast 46 65 22 46(including Eldorado) $387,750 $409,500 $354,500 $371,750

Eldorado 22 3 0 20 23$3 17, 00 0 $ 33 9, 00 0 $3 54 ,5 00 $ 32 0, 00 0

County southwest 27 36 31 30$2 48, 69 8 $ 26 4, 03 0 $3 40 ,0 00 $ 26 0, 08 2

County total 95 149 87 113$3 18, 22 4 $ 41 1, 25 0 $3 89 ,0 00 $ 42 0, 00 0

City/county total 205 299 232 227$3 90, 50 0 $ 34 5, 00 0 $3 54 ,5 00 $ 34 0, 00 0

City 57 54 73 70$2 86, 50 0 $ 23 8, 50 0 $2 60 ,0 00 $ 22 5, 00 0

County north 2 2 3 6$4 85, 00 0 $ 77 0, 00 0 $3 27 ,0 00 $ 67 7, 50 0

County south 3 2 0 0

$235,000 $298,000 Total 62 58 76 76(includes Los Alamos, Espanola) $2 86, 50 0 $ 23 8, 50 0 $2 65 ,0 00 $ 23 2, 50 0

City & County 4 2 0 2$170,000 $127,500 $259,750

City & County 3 7 3 7$ 80 ,0 00 $ 11 0, 00 0 $1 89 ,0 00 $ 11 5, 00 0

DATA SOURCE: SANTA FE ASSOCIATION OF REALTORS.

County northwest 20 36 26 32$ 64 5, 00 0 $ 55 0, 00 0 $7 42, 50 0 $ 67 7, 50 0

been tracking absorption, the number of

months it would take to absorb the existinginventory of homes on the market. His

mid-February post to Alan Balls Santa

Fe Real Estate Blog shows that the high

in the absorption rate for homes in all

price ranges was about 23 months in the

summer of 2009 that is, it took nearly

two years for a home to sell. The figure was

at between 18 and 21 months most of the

time since, but it had dwindled to about 15

in December and January. Thats the most

positive indicator since 2007.

Toward the end of February, Julee

Brooke of Sothebys International Realty,

who works both in Taos and Santa Fe,

said business has been slower but it hasjust recently been picking up, because

prices are coming down and interest rates

are still low. Both sellers and buyers are

more realistic by now, and more people

are getting off the fence and looking for a

home. I think thats whats been shown in

the last couple of months.

In Taos, prices in the lower to mid

ranges have been a little behind Santa Fe

but they have recently adjusted. There

are some really good deals and there are

some banks that are offering good deals. In

Santa Fe, weve had 15 sales of homes at $1

million-plus, compared to nine last year,

so weve seen more activity on higher end.I know just in the ski valley there was a lot

on the market a few months ago and now

there are just a handful of properties on the

market below $500,000.

One of the bottom-line questions is

whether homebuying activity, and home

appreciation, will c ome back to the levels

seen before the subprime-mortgage crisis

and the failures of Bear Stearns, Lehman

Brothers, and AIG in 2007-2008.

I think someday it will be back where

it was, Brooke said. Its still a good

investment overall, as long as youre

planning to stay in the home. That means

buying smart, and I think most people arebuying smart. The market was really low

in the 80s and those people who held on

are still very comfortable, as long as they

didnt take all their money out in home

equity loans. Theyre very happy with their

investments, and I think that will be the

case again.

In his blog, Alan Ball quotes Ce

Chen of Moodys Analytics sayinhome prices or values might not r

the 2005/2006 peak until 2021, or

cases until 2030, or longer.

Warren Sacks, vice president a

Real Estate, said, Believe it or no

had the most residential units go

contract in Santa Fe County in th

months. I think with rates increas

with buyers being on the fence fo

theyre just tired of deferring life,

and theyre deciding its time to p

It is interesting that our luxury m

that part over $800,000, has seen

activity.

Its looks like inventory is slighdecreasing, but it always does this

year. People put their homes on m

in the spring. We are seeing a lot

product being absorbed, no quest

After the big drop, perhaps the

has leveled off at a new, lower pla

this will be the new normal.

Its not the most popular answ

but thats the truth, Sacks respon

Were going to return to tradition

homeownership, what we saw fro

to 2000. People will be buying to

family and you wont see so much

greed that propelled the market fr

to 2005 with all the investors andhome owners.

He predicted that in 2011, the n

of transactions will be about the s

in 2010. I think values will fall an

percent. I have more hope for the

meaning that I think were startin

off.

During a January breakfast me

during which the Santa Fe Associ

Realtors released sales statistics fr

fourth quarter of 2010, SFAR pre

Jo Anne Vigil Coppler said there

earth-shattering news to report.

were 509 homes sold in 2009 and

sold in 2010 in the city of Santa Fecounty, it was a similar small incr

457 in 2009 to 475 last year.

Vigil Coppler opined that the m

will not go back to what it was in 2

2006, and that were now getting

into reality... Were still in a recov

and who knows? This may be whe

By Paul Weideman

There are a bunch of indications thatthe real-estate market is recovering,but of course after two years of painful belt-

tightening, the slightest improvements feel

like bliss.

Following is a sampling of voices on the

issues; their information in general spells

c a u t i o u s o p t i m i s m.

The year [2010] ended on a good note

with December sales coming in stronger

than a year ago, said Jonnalyn Grover,

managing broker of Coldwell Banker

Trails West Realty, in early January.

Absorption rate is a lso up 1.5 percent,

a really good sign that more buyers are

getting into the market.

A few snippets from Santa Fe

Properties Fourth Quarter 2010 MarketReport: Compared to the heady market

of a few years ago home sales are slow,

but they are steady... Market forces have

reached equilibrium in Santa Fe. Sales

activity in homes has settled in at a new

level with about half the number of sales in

2009 and 2010 as there were at the peak in

2005 and 2006.

The average home sale price is down

from about $475,000 to $390,000 in the

same years... On the street level, Realtors

feel that buyers who have been on the

sidelines are making their moves.

During the downturn, Alan Ball of

Peters & Associates Real Estate has

Market showssome improvement


27/49



30 M A R C H 2 0 1 1 HOME

The amount of the down payment topurchase a home has been increasing

since the housing bust. The median down

payment in nine major cities in the U.S.

rose to 22 percent last year on properties

purchased with conventional mortgages,

according to the Wall Street Journal. This

amount has doubled in the last three years

and represents the highest since tracking

this data began in 1997.

One reason for this occurring now is

that the borrower can avoid the cost of

private mortgage insurance (PMI). If a

borrower puts less than 20 percent down,

PMI is required by Fannie Mae or Freddie

Mac. This insurance protects the lender,

i.e., Fannie or Freddie, in the event the

mortgage goes into default. PMI is fairly

expensive and offers no benefit to the

borrower other than that the property can

be purchased with less than 20 percent

down.

Increasing the down payment will

discourage delinquencies by forcing

borrowers to have more skin in the

game,

increasing their exposure to lossand reducing the impact of declining

home prices. The median down payment

began to inch downward in the late

1990s and in the early to mid 2000s

fell to an average of about 4 percent, in

some markets came close to zero. The

idea driving the lower down payments

was to put more people into home

ownership. When prices began to tumble

and unemployment began to increase, a

homeowner with difficulty meeting the

monthly mortgage obligation and little

to no money into the property, had an

easy decision to walk and give back the

property to the note holder.

The Obama Administration recently

called for gradually raising the minimum

down payment to 10 percent. Federal

Deposit Insurance Corporation (FDIC)

chairman Sheila Blair also recently

announced that she supported a

minimum 20 percent down payment.

It seems likely to me that we will see a

required minimum of 10 percent down

payment in the near future, with PMIrequired for the borrower. Borrowers

that represent more risk - that is, those

with lower credit scores and a lower down

payment - are currently facing higher

interest rates and lower allowable debt

ratios. This discourages or disallows

mortgage financing to purchase a

property.

Mortgage interest rates have been

slowly increasing since April 2010. Higher

borrowing costs coupled with greater

down payments will reduce the number

of potential homebuyers and thus likely

keep housing prices stable until the excess

housing inventory is eliminated.

In a different twist on this subject,

with the threatening imminent housing

bust back in the mid 2000s, the PMI

companies increased their required down

payments, required higher FICO scores

and lowered debt ratios to avoid greater

insurance losses. Probably due to slower

purchase sales and declining business, the

PMI companies have begun to relax those

requirements. Currently, if a borrow

good credit, debt ratios no greater t

per cent, and two months cash rese

in the bank, PMI will allow a minim

percent down payment, which is c u

acceptable to Fannie and Freddie. B

probably not for long.

DavidHultin (505-946-2521) is a re

mortgage-loan officer for New Mexico B

and Trust. He previously worked in the

mortgage divisions of two of the largest b

the United States.

Return of the down payment

D A V ID H U L T IN

HomeequityAdvantage

Seniors who have lived in their home

for many years may be facing a verydifficult decision: to move or not to move.

This is a process that can be difficult

at best. There is a lot of emotional

attachment to deal with, not to mention

the hard work that has to be done and the

many decisions that have to be made. I

hope this helps with an idea of where to

start the process.

First, you will have to decide where

the best place is for you to land. Is it a

retirement community, or is it a smaller

house, or an apartment? For some with

major health issues, it may be an assisted

living facility. Once you know where you

are going, you will need a dimensioned

floor plan of the space and you may

need some help with planning the space.

Knowing where you are going will also

help you to narrow down the kinds of

items you can take with you. If you are

going to an assisted living home, you will

not need cooking utensils and all of your

fine china. Many decisions will be muchmore difficult than which dishes to take

along.

Likely you have ordinary items that you

no longer have use for and many things

that have just accumulated over time as

well as treasured mementos or fu rniture

that has been bequeathed to you by your

family. These are not easy to give up.

Perhaps making a list of all your most

treasured possessions and deciding which

would comfortably fit in your new home

is the first step. You may want to start in

places like the storage area of your home

and bedrooms that are not often used.

Once you have decided which items

you are keeping, donating, or passing on,

you may want to gather family and friends

to offer the pieces to them. Do share

stories of why these items are special to

you, then your gifts and generosity will

be all the more appreciated, thus assuring

you that your special piece will be well

taken care of. For items that you wouldlike to donate, there are many nonprofit

organizations that will pick the items up

and save you the trouble.

So now you may still have many

wonderful items... now what? There

is only one place in Santa Fe that can

evaluate antiques and the remainder

of your estate and be instrumental in

liquidating your estate all in one swoop.

Having the help of a professional

designer to help edit your inventory and

plan your new space can also be very

helpful. The experience and collaboration

of a professional designer and an estate

specialist are very valuable; this is

something you may want to find out more

about.

Making your home in your golden

years is a very important course of action.

However you decide to spend your

retirement years - whether traveling,

golfing, gardening, or any other act

- your home needs to fit your perso

lifestyle. Above all, relax, know tha

planned and have made t he right c

Lisa Samuel ASID, IIDA is a Santa Fnative and is owner/president of Samue

Group, located in the Railyard Artyard

She is an award-winning interior design

(licensed interior designer #313), a light

designer, and furniture designer.

Moving in the right direction

L IS A S A MU E L

ArtfullivingByDesign



HOME MARCH 2011 31

WaterCopAuthorized Dealer

(505) 471-9036 in Santa Fe

200 W. DeVargas, Suite 2 Santa Fe, NM 87501 505-982-4201

Missy Wolf, Associate Broker 505-310-9700

Marcia Wolf, Qualifying Broker 505-982-4201



32 MARCH 2011 HOME

Live the Resort Lifestyle...

THE FLANCE COMPANYStephen R. FlanceQualifying Broker and Owner

505-988-9891 800-409-2494www.bishopslodgehills.com

Exclusively represented by

The Hills and Villasat Bishops Lodge

Call Steve Flancefor information505-690-5838

Pueblo Encantado

All information contained herein is deemed reliable, but no representations or warranties are made as to the accuracy of the information. Availability is subject tosale or withdrawal without prior notice. Plans, specifications and prices are subject to change without prior notice. An owneris a licensed New Mexico real estate broker.

Free Standing Villaand Custom Home Lots

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505-983-8100 chapmanhomes.com

A FAMILY OF BUILDER

Walt Chapman started Chapman Company in 19Since then, his sons and daughter have joined

the company continuing to build homesthe Chapman way . . .

with quality and customer service at the cornersto

Weve weathered economic stormsand will be here long after your home is compl

Build Remodel Sell

Help Us DoubleSanta Fes

Recycling Tonnage.

Be a hero...

recycle.

Recycling details at: www.santafenm.gov/recyc

FaceboSave



HOME M A R C H 2 0 1 1 33

56PolmoodFarmRoad,TomJoyce

wall sculptureinside adobe walls


32/49


33/49



36 MARCH 2011 HOME

BarkerRealtySF.com

Stellar Quail Run Properties

Trish Love505.992.3573 direct505.670.1229 [email protected]

Paul Stenberg505.992.3347 direct505.670.4242 [email protected]

www.quailrunsantafe.com

Unit #677 | Asking $995,000 | MLS #2010040934 bed, 4 bath | Approx 2,800 sq. ft.

Unit #115 | Asking $395,000 | MLS #2010030252 bed, 2 bath | Approx. 1,279 sq. ft.

Unit #641 | Asking $699,000 | MLS #2010043592 bed, den, 2 bath | Approx. 1,815 sq. ft.

Barker Realty, the ofcial On-Site Real Estate Broker or 6 years!Our development expertise, consummate service and inventory isunsurpassed. Our current listings range in size rom 782 to 2,800 sq.t. and range in price rom $305,000 to $995,000. Please contact Paulor Trish or all your Quail Run Real Estate needs!

Ofcial On-Site Quail Run Brokers

We would love to apply or the job o selling your home!

www.ddsantaferealestate.com

Stephanie Duran(505) 204-2491 | [email protected]

Michael D'Alfonso(505) 670-8201 | [email protected]

144 Gonzales Rd. #9 | $389,000MLS #201006512

UndeRC

ontRaCt

3524 Via Brisa Rd. | $375,000MLS #201006525

UndeRC

ontRaCt

1433 Upper Canyon | $1,699,000MLS #201000619

UndeRC

ontRaCt

201 Double Arrow Rd | $998,000MLS #201000408

UndeRC

ontRaCt

505.982.9836 | 1.800.586.1032 | 530 S. Guadalupe Street, Santa Fe, NM 87501| BarkerRealtyS



HOME M A R C H 2 0 1 1 37

Darlings,

The Ides of March are upon us. Should

we beware? The way things are going all

over the world, it seems as if maybe we

should. But Im focusing on other things,

anyway, Butter Beans, because I simply

cant think about that today Ill think

about it tomorrow. (Scarlet, for as selfish as

she was, knew how to survive.)

On a more personal note, lets talk

about the March Realtor Couple of the

Month. Were happy to have chosen Janetand Tony Rousselot, who happily joined

Karen Walker Real Estate a couple of

months ago. To say that in no way implies

they were unhappy at their previous office

(Sothebys International R ealty). What it

really means is that Janet and Tony are

generally happy people. Tony thinks the

happiest day of his life was the day he met

Janet. (This should have been a Valentines

Day story). Obviously, it was fate he

was temporarily working at Alpine Sports

when Janet came in to buy a pair of ski

boots. That was a long time ago, Cupcakes,

because theyve been married for 20 years

now. Happily.Janet was one ofKaren Walkers (and

many others) favorite closers at Territorial

Abstract & Title when it was located

on Luisa Street way back when. Wow,

back when Territorial had its legendary

Christmas parties, and the Eurythmics

were singing Sweet Dreams Are Made

Of This. (Oh, Doll Babies, I want to go

back.) We always loved how she Janet, I

mean, not Annie Lennox acted cool as

a cucumber at a closing when somebody

had a temper tantrum (the client, of

course, neverthe Realtor) over a missing

page or two in the loan documents.

Janets cool demeanor and

entrepreneurial spirit propelled her into

opening and operating a very successful

property management business, The

Management Group, which she sold a few

years ago. She and Tony have been selling

real estate together for years, and together

they have perfected that Never let em see

you sweat look. Which is a great look, by

the way.

The Realtor Retiree of the Month

is Jonathan Carleton (City Different

Realty). He had that look, too. In my

anthropological study of the American

Realtor, Im collecting data that points to

that look as one of the characteristics of

a successful Realtor. But Jonathan still has

that look in his new endeavors - working

out at the gym and traveling about the

country with his partner, Alex Gancarz.

The real-estate community will definitelymiss Jonathan, and we only hope that he

wont be so busy that hell forget to miss us.

(Surely thats not possible, Crumbcakes).

The Expat Realtor of the Month is

Victoria Ryan. Dearest Readers, she has

been absent from the Santa Fe real-estate

scene for several years, but I thought you

might find an update of her life interesting.

Victoria moved to Mexico permanently

about 16 years ago. She owns and operates

a B&B, La Casa Encantada, with her

partner, Cynthia, in Patzcuaro, a charming

colonial city located about halfway

between Guadalajara and Mexico City.

Business was quite good until the recentdrug wars, which have not seriously

impacted this part of Mexico, but fear

has taken a toll on tourism, which in turn

has taken a toll on La Casas occupancy

rate. This has given Victoria more time to

paint... theres always an upside to every

downside, uh-huh. And she still finds life

in Patzcuaro and surrounds magical. If

youre thinking youd like to explore some

historic colonial cities in Mexico, visit

Victorias website, www.lacasaencantado.

com, and make reservations to stay in a

sweet little B&B just half a block off the

plaza. (Sounds very much like an ad for

someplace in Santa Fe, verdad?)

Ill close today with a couple of

noteworthy milestones. Vicki de Castro

Lewis (daughter of Fred and Barbara de

Castro) died Jan. 10 at age 54. She was a

beautiful girl in her early 20s when she

worked as a receptionist/secretary at

Monte Sol Realtors in the early 80s. Vicki

was unfailingly kind and attentive to the

needs of the Realtors and their clients. And

she was so attractive that the FedEx guys

fairly tripped over themselves to get to her

desk when they delivered a package to the

office (which they did every chance they

got). Sincere kindness and unassuming

beauty... an unforgettable combination,

appreciated and remembered for years to

come.

Laughlin Barker (founder of Barker

Realty and father ofDavid, the current

owner/broker) died on Feb. 16 at age 89.

Laughlin was a third-generation Santa

Fean. After graduating from Santa Fe

High, he attended New Mexico Military

Institute for a year, was appointed to

the U.S. Naval Academy in Annapolis,

served as a naval pilot in World War II

and finished his military career as a naval

commander, and in 1964 returned to

Santa Fe with his wife Rene and their sixchildren.

From the mid-1960s on, Laughlin

Barker was a powerful force in the

City Different, and he was a well-

respected and prominent leader in the

real-estate community. Because of his

many contributions to Santa Fe, he was

deservedly honored as a Santa Fe Living

Treasure in 2007. Laughlin touched many

lives. His personal accomplishments

include a successful 65-year marriage

to his high school sweetheart, Rene,

and a string of successful children and

grandchildren to carry the Barker legacy

forward.So long, Sweetpeas. Until next time...

Oakley

Oakley Talbott, aka Merrily Pierson, can be

reached at [email protected]

OutandAbout

NewsofRealtor activities, and

of two significantpassings

O A K L E Y T A L B O T T

Janet & Tony, still a cool duo after all these

years

Jonathan, now

Jonathan, then

Victoria (holding Senorita, the dog) and Cynthia

enjoy the expat life in Mexico

Procession of Silence, Semana Santa, Patzcuaro,

by Victoria Ryan

Laughlin Barker, 1921-2011



38 MARCH 2011 HOME

Nothing seems to invigorate the great

American debate more than the topic

of taxes, and no tax subject hits home

harder than the property tax. Lately ourlocal media has been filled with stories of

outraged homeowners on the verge of war

over their property taxes so we thought

we would dedicate this months article to

the civil and constitutional approach to

protesting your property tax.

The County Assessors Office

determines property-tax values and if

you plan to challenge your property

tax, this is the place to begin. There are

several categories to protest, including

agricultural use and residential

classification, but if the core of your

protest is market value then you will need

to focus on the appraised value that thecounty assessor has determined for your

property. Once you identify that amount,

compare it to comparative values in

your neighborhood and if you have an

unfavorable discrepancy then you should

file a protest.

It is the responsibility of the county

assessor to determine and maintain

current and correct values of properties

and many times discrepancies can be

resolved by meeting with your assessor

and sharing the comps you have and

compare them to the comps that they

used. This is one of those cases where you

get better results with sugar than salt and

if you are friendly and hone

santa fe real estate guide march 2011

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