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    Joseph C. Smith, founder and CEO of 1754 Properties, which purchased La Posada de Santa Fe Resort & Spa last year, sits on the Staab House terrace at the 5-acre property, which dates back to 1882. Clyde Mueller/The New Mexican

Posted: Monday, May 19, 2014 11:28 pm | Updated: 8:39 am, Wed May 21, 2014.

When La Posada de Santa Fe Resort & Spa was put up for sale by its lenders, Joseph C. Smith knew he was in for a challenge.

Not only did he have to compete against other bidders, but he had to reconcile the historical legacy of owning La Posada, which dates back to 1882, when merchant Abraham Staab built a three-story Victorian mansion for his wife Julia and six children within sight of the Plaza.

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