A real-estate market that has been level and active for some time is the best kind for home appraisers. Contrasting with that ideal situation, it’s been headache time for quite a while now. Not only is the idea of market value a moving target, but appraisers are faced with few comps — the comparable sales of nearby homes that are used to help establish the value of a property — and are challenged by the new emphasis on sustainable building.
Santa Fe is a recognized leader in water conservation, boasting a usage of 106 gallons per capita per day or GPCD; this is a critical term in water-conservation parlance and, generally speaking, is calculated by dividing the total amount of water used by the population served. The 106 number is calculated using the methodology specified by the New Mexico Office of the State Engineer and a 2012 customer demand of 9,777 acre-feet of water (an acre-foot is 325,851 gallons). This reflects all water used in the city, including in irrigation of parks and public spaces.
This interview series focuses on the people in Santa Fe’s real-estate industry. Jennifer Tomes is a broker associate with Dougherty Real Estate Co.
The flight time from Guwahati, Assam, India, to Paro International in Bhutan is 50 minutes. The attendants on the Airbus 319, once we had left the Brahmaputra in the mist, delightfully apologized for curtailing beverage service for lack of time. A few passengers, particularly the ones with windows, really wanted a drink as the plane, following a brief ascent, began its landing pattern through a steep Himalayan valley.
It’s that time of year when the piñon fills the air with excitement and farolitos dot the city landscape. The holiday season is upon us, bringing with it seemingly endless choices for decor. Maybe you like the look of glam and glitter or perhaps you prefer more traditional decor. No matter how you plan to deck the halls of your home, you first have to start by determining where and how much decor is needed.
In their 1988 Santa Fe Historic Neighborhood Study, Corinne P. Sze and Beverley Spears write that “of all the neighborhoods, this one has perhaps the most important group of Spanish Colonial buildings, including Prince Plaza, Trujillo Plaza, and Sena Plaza.”
The holidays. Time to gather together, visit loved ones and share gifts. And what better gift than to share than knowledge that may save your loved ones tens of thousands of dollars on their mortgages?
Do we want to take our investment/savings dollars and put them in gold or stocks or Treasuries? I would say the best opportunity in 2014 is real estate. And I mean real estate in Santa Fe.
Here is sales data for the period Oct. 19 - Nov. 18 from Santa Fe Association of Realtors MLS reports. (Not all sales are reported.)
The current condition of the Heathcare.gov website last month in the launch of the Affordable Care Act (ACA) stopped consumers from enrolling online for health insurance. However, it did not stop them from sharing their opinions and suggestions by utilizing blogs and social media, comments on news sites and Facebook and tweeting. It is nearly the end of 2013 and consumers have little patience for websites that do not engage their interests, wants and needs. When shopping for anything from clothes to food to real estate to cars to education and now heath care, we are conditioned from past experience to expect a more relevant shopping experience. The uninformed consumer is being replaced by the influential one who takes the time to recommend products or services on Facebook or to review and critique them on Amazon.
Residential building permits issued by SANTA FE COUNTY between mid-October and mid-November include the following:
Americans spent over 125 million last year on home-renovation projects, according to Harvard’s Joint Center for Housing Studies. As the market improves, this number is expected to increase by 20 percent. Renovation projects can vary widely and cost mightily and studies show homeowners may recoup at least 75 percent of their improvement cost in increased value. The average costs of a mid-range kitchen remodel will set you back almost $54,000, says Remodeling Magazine, but for those looking to make improvements on a budget, we found some great products that will definitely give you more bang for the buck.
For millennia, humans used rainwater for a variety of purposes, including drinking, washing and irrigation. These days rainwater can be highly polluted — if it falls onto a contaminated roadway or roof — but it is one of our purest sources. Compared to well water, which is typically very high in minerals, rainwater is easier to purify. And unlike the water in lakes and streams, rainwater contains no pharmaceuticals or other environmental pollutants.
The Land Title Trust Fund may be used by local, regional, or tribal housing authorities (“eligible organizations” as defined by the State of New Mexico) to provide low-income housing. What many people do not know is that it is also a vehicle for higher education scholarships.
The leaves have fallen and temperatures are dropping as winter draws near. If you haven’t already performed routine fall maintenance at your investment property, it’s not too late to save time, money and the overall headache of long-term and costly problems that can occur. Here’s a useful checklist:
I recently attended the 2013 National Association of Realtors Conference and Expo in San Francisco. While there, I had the opportunity to witness a rare gathering of CEOs and senior executives from the biggest names in mortgage lending. The country’s top mortgage-industry executives discussed new regulatory hurdles that could temporarily restrict lending to some buyers. Realtors were told to expect market growth in 2014 and to prepare their buyers for transactions with heavy documentation requirements.
This is one of Santa Fe’s historic jewels. It’s also one that is easily viewed, especially if you want to stay there, because it’s a bed-and-breakfast inn. Or you can buy it and live there all the time. Located on East Buena Vista Street at the corner of Old Santa Fe Trail, it was the home of poet and essayist Witter Bynner for more than 40 years. It boasts handsome, extensive landscaping at the front, and plenty of parking, as well as 11 bedrooms.
A “detail shot” in an advertising shoot or magazine spread is often used to incorporate a more artistic view of a residence. There are times the photographer wishes to convey the scope and size of a room, to give it “placement” within the house. At other times, the photographer wishes to convey a feeling, a coziness or intimicy, a piece of the room, or furnishings or art, that tell a detailed story.
One of winter’s pleasures is a wood-burning fire. The divine aroma of piñon emanating from chimneys immediately brings memories. In cooler climates, fireplaces were historically the heart of a home, providing needed heat and often utilized for cooking. In Santa Fe, they usually play both a functional and decorative role.
It was on a cold winter morning that luxury developer Lyle Anderson was out walking with Zannie Garcia on her Santa Fe Ranch just north of town. Stopping for a moment to take in the beauty of the land, they heard the sound of bells off in the distance. Asked where the sound came from, she answered that they were the bells of the St. Francis Cathedral and only during the cold stillness of winter could you hear them at her ranch some 15 miles away.
The season of abundance is upon us. Halloween may have left stretchable spider webs and faux tombstones to tidy up, but if your assorted pumpkin décor made it through unscathed, don’t throw things away just yet.
With the holiday season approaching comes its attendant tree trimmings of glimmering glass ornaments and tinsel so shiny it looks good enough to eat. That is, from a cat’s perspective.
Fun, new places to eat good food are always positives in any report about the commercial real-estate market in Santa Fe. So it is with watering mouths that we anticipate Brian Knox’s new endeavor, Shake.
Within the last year I have had three requests from four different states (New Mexico, California, Arizona and Texas) for contact information for manufacturers of un-stabilized adobe blocks. That was easy: In California, Hans Sumpf in Madera; in Arizona, Claymine in Tucson; in Texas, Rainbow Adobe in Alpine; and in New Mexico, it’s Francisco Diaz, Santa Fe’s own Adobe Man.