Building WealthWhat’s In Your Real Estate Portfolio?

The Perfect PairingSOL Mexican Cocina’s Shrimp Ceviche + White Wine

The New MinimalSleek and Simple

January | February 2014

MirabelCover Home

Exclusively Presented By Bob Lomax

BROKERS CORNERReal estate activity has been fairly steady the last couple of months but buyers are finding the selection is fairly slim with only nine completed houses currently listed for sale.

The builders have taken notice and new construction is booming with 11 houses now under construction and

about 15 others ready to break ground or going through the design review and permitting process. Six of the new homes under construction are spec homes with one of

them already going under contract prior to completion or even being listed which is a great sign. This sale resulted in a new golf member as did two of the other homes that sold in the past 60 days. As always, if you would like to discuss anything real estate or membership related in

Mirabel feel free to contact me. Until next time...

HOMEOWNER TIP OF THE MONTHMost people who own second homes aren’t aware

that water needs to be run through all the plumbing in your house on a regular basis including secondary bathrooms. If not, the P-Trap that is at the bottom of each plumbing fixture (Designed to catch things inadvertently dropped down the drain) can dry

up allowing sewer gas to back up into your home. So if you detect a foul odor in your house, try running

water through all of the drains in your home before calling a plumber or pest control person. There is a good chance

this will solve the problem and save you some money.

If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

MirabelMIRABEL FEATURED COVER PROPERTY

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.www.mirabel.com

B O B L O M A XOWNER/DESIGNATED BROKER

MIRABEL PROPERTIES

480.595.2545 OFFICE480.595.9503 FAX

602.920.7192 MOBILE

Lot 164 | 4 Bed | 6 Bath | 5,301 SQFT | $2,995,000Truly Astonishing Spanish Hacienda style home built to perfection by Casas del Oso. Great room

with pocket doors opens the whole house up to the resort like backyard overlooking the 7th hole of the Mirabel Club golf course with amazing mountain and sunset views. Split floor plan with master and office on one side and two guest suites on the other. The 4th bedroom is an

attached casita with separate living quarters and bedroom. Back yard is as pretty as they come with multiple areas to sit and relax and enjoy the beautiful setting. True wine cellar underground with room for a tasting table. This home is being offered fully furnished and is ready to move in.

AVAILABLE

HOMES CURRENTLY FOR SALE IN MIRABEL Lot # SQFT Status Sales PriceLot 190 3,931 Available $1,295,000Lot 38 4,046 Available $1,350,000Lot 172 4,480 Available $1,399,000Lot 192 3,248 Available $1,399.000Lot 26 4,353 Available $1,799,000Lot 306 6,135 Available $2,195,000Lot 110 6,117 Available $2,795,000Lot 164 5,301 Available $2,995,000Lot 49 7,426 Available $3,995,000

RECENT HOME SALES IN MIRABEL Lot # SQFT Status Sales PriceLot 193 3,931 Closed $1,175,000Lot 138 5,084 Closed $1,582,480Lot 189 3,325 Closed $1,149,000Lot 333 4,480 Pending $1,550,000Lot 217 5,648 Pending $1,800,000

RECENT HOMESITE SALES IN MIRABEL Lot # Acreage Status Sales PriceLot 127 1.29 Closed $380,000Lot 251 .90 Closed $325,000Lot 6 .85 Closed $190,000

FOR A LIST OF BEAUTIFUL LOTS CURRENTLYFOR SALE CONTACT BOB AT 480.595.2545.

Lot 192 | 3 Bed | 3.5 Bath | 3,248 SQFT | $1,399,000

AVAILABLE

Lot 208 | 3 Bed | 3.5 Bath | 4,550 SQFT | $2,595,000

AVAILABLE

Real estate is one of the few investments where the investor may “fall in love” with the asset. Unlike stocks or bonds, real estate has an emotional element to the investment. Therefore, one of the foremost tips for investing in real estate is to listen to what the numbers tell you, rather than the emotional pull of the property. When investing in rental properties, the rental income needs to cover all expenses associated with the property – including taxes and mortgage. In other words, an investment property should pay for itself. As a general guideline, you should try to achieve a gross rent of at least 150% of the property’s mortgage payments to cover all operational costs and leave some net rental income for yourself. Manyaffluentinvestorsusethecash-on-cashreturnanalysis as a “litmus test” of a rental property investment.

CASH-ON-CASHRETURN=ANNUALCASHFLOW (BEFORETAXES)/TOTALCASHINVESTED

If an investor purchased an apartment building and eachmonththecashflowfromrentals,lessexpenses,is$5,000.Overthecourseofayear,thebefore-taxincomewould be $60,000 and if their cash invested (down pay-ment)inthepropertytotaled$300,000,cash-on-cashreturn is equal to 20%.

Savvyinvestorslookfor20%-30%cash-on-cashreturnbefore considering investing in a property. A big plus is that the return is immediate cash in your pocket and the property may still appreciate on top of that return. In addition, the investor needs to consider how much time the property will take to manage. Some properties, such as vacation and college rentals, just require way too much time and management to make them smart investments. Well maintained properties rented for as long aspossibletodecentcreditprofiletenantsusuallytakethe least time to manage. Compared to other investments, real estate is easy to value.Evenifyouhavenoideahowtovalueaproperty,youcanfindaRealtorwhocanvalueitforyou.Typicallythere are a lot of comparable properties to use to value real estate so the investor knows what the investment property is worth and what should be spent for the property. There are many below market properties that an investorcanfind.Notonlycanyoupurchaseapropertybelow market price, you can add value to the property once you purchase it. You can also add bedrooms, add bathrooms, update a kitchen or do many other things to increase value of the real estate. It simply is not possible for an individual investor to add a bedroom onto a stock. Therefore, real estate should be an important part of your investment portfolio.

Psst! In case you didn’t hear, there’s a shift happening in home décor. Clean lines, lighter and airier colors, and a more modern look are taking center stage in today’s luxuryhomes.Ofcourse,westillloveourregionaldesignflair,butcurrenthiphomesare lightening up and going minimalistic. Homeowners that shy away from the word modern, however, need not be dismayed by today’s contemporary take on home design and furnishings. The style is minimalistic but not completely stripped bare. We’re not talking hard plastic chairs andchromefixtures.Today’snewmodernchairs and sofa silhouettes, for example, are still comfortable but are sleek and simple. Upholstery is elegant and soft, or bright and geometric.Youwilldefinitelyseealoveofpatterned and geometric furniture, drapes, and area rugs in today’s fresh new interiors. When it comes to color, the familiar earthy tans and greens, terracotta rusts, and mustard yellows, though still popular in a regional sense, are making way for crisp and more contrasting hues. Think soft blues, whites, creams, grays, and browns which bring a clean and fresh look to tired spaces. (It’s no surprise that top paint company Benjamin Moore has named A Breath of

Fresh Air, a pale powdery blue, its 2013PaintColoroftheYear!) The effect? Simple elegance. But not everythingisserene.Lookforlively yellows to brighten spaces ...and brighten your mood. Shocks of patterned cobalt blue, say in a few occasional chairs or throw pillows, will also enliven this more contemporary style of living. In the kitchen, look for white and dark brown or black motifs. Counters are stocked with essential tools only, left bare andeasytoclean.Kitchenknick-knacksand purely decorative items are sparse, with new homeowners opting for a clean and understated look. Cabinets themselves are now often painted, with whites and creams lending kitchens an entirely fresh newlook.Distressedwoodisalsopopular,giving a unique and individualist vibe to homes. Perhaps the biggest shift in interior designfortheNewYear:Individuality.Homeowners are looking for handmade, unique items that don’t look exactly the same as all the other homes on the block. Seek out different pieces that speak to you and make you happy in your home. Sounds likeagreatwaytostarttheNewYear!

INGREDIENTS:1 tsp chipotles in adobo, minced 2 tsp mayonnaise2 limes juice1 tbsp soy sauce 1 tsp minced serrano chilies2 tbsp diced cucumber2 tbsp diced onion1 pinch chopped cilantro10mediumcookedshrimp,cutintolargepieces(3oz)

GARNISH:1/4avocado–dicedCilantro sprig

DIRECTIONS:In a small bowl, combine the ingredients in order listed, mixing well after each addition. Spoon into a 12-ounceglassorsmallbowlandtopwiththedicedavocado and cilantro.

WINEPAIRING:To represent the dish, keep this pairing light and refreshing with hints of lime and herbal notes. The acidic yet refreshing pairing will complement the flavorsinthisdishbeautifully.Ideasfortheperfectcouplingare:SparklingWine,PinotGris,DryRieslingorWhiteWineSangria.Enjoy!

CelebrationofFineArtCornerofHaydenRoad&Loop101|January11-March23480.443.7695|CelebrateArt.comTheCelebrationofFineArtiswhereartloversandartistsconnect. This juried, invitational show and art sale, now inits24thyear,featuresmorethan40,000squarefeet of working studios and works of art by 100 renowned andemergingartistsfromacrossthecountry.Duringthe10-weekevent,visitorsfromaroundtheglobewillgather to admire and acquire an unsurpassed selection of artwork in all mediums and styles from some of the continents’ most talented artists.

Barrett-JacksonWestWorld|January12-19480.421.6694|Barrett-Jackson.comEstablishedin1971andheadquarteredinScottsdale,Barrett-Jackson,theworld’sleadingcollectorcarauctionandautomotivelifestyleevent,specializesinprovidingproducts and services to astute classic and collector car owners and automotive enthusiasts around the world. The companyproducesTheWorld’sGreatestCollectorCarAuctionwherehundredsofworld’smostsought-after,unique and valuable automobiles cross the block in front of a global audience.

DreamHomeTourinParadiseValleyPVDesignCenter|January25480.326.5448|DreamHomeTourAZ.comBetransportedfromthePVDesigncentertotourthetopluxurydreamhomesinParadiseValley.EachtourbuswillhavearepresentativefromParadiseValleyInteriors,educating attendees on the variety of design concepts found within these outstanding homes! Attendees will have an opportunity to experience culinary delights in each home, representing some of the most popular restaurants foundwithinthearea.AllproceedsgotobenefitJDRFandThe Phoenix Symphony.

WasteManagementPhoenixOpenTPCScottsdale|January27-February2602.870.4162|WMPhoenixOpen.comThankstothemostfan-friendlytournamentvenueonthePGATour,theStadiumCourseattheTPCScottsdale,theOpenattractsthelargestgalleriesofanygolftournamentintheworld.When179,022fanspackedtheTPCScottsdaleduringthethirdroundofthe2013WMPhoenixOpenitresultedinanewsingle-dayattendancerecordontour.

LaBayadèreSymphonyHall|February13-16602.381.1096|BalletAZ.orgBayadèrefollowstheheartbreakingtaleofatempledancer and a young warrior kept apart in life and united only in death. With rich lavish set designs which conjure upexoticlocaleslikeTheArabianNights,thisballetwilltransportyouwithdream-likesequencestoaworldofnoble warriors, cruel princesses and beautiful temple dancers.LaBayadèrefeaturesmesmerizingclassicalperformances highlighted by the famous Shades scene, staged for the entire corps.

JANUARY|FEBRUARY2014

JAPANESE SHRIMP CEVICHE de CAMARON

SOLMexicanCocina480.245.6708|SOLCocina.com

In Good Taste Event Calendar

Building Wealth Through Real Estate Investment

Real estate is one of the few investments where the investor may “fall in love” with the asset. Unlike stocks or bonds, real estate has an emotional element to the investment. Therefore, one of the foremost tips for investing in real estate is to listen to what the numbers tell you, rather than the emotional pull of the property. When investing in rental properties, the rental income needs to cover all expenses associated with the property – including taxes and mortgage. In other words, an investment property should pay for itself. As a general guideline, you should try to achieve a gross rent of at least 150% of the property’s mortgage payments to cover all operational costs and leave some net rental income for yourself. Manyaffluentinvestorsusethecash-on-cashreturnanalysis as a “litmus test” of a rental property investment.

CASH-ON-CASHRETURN=ANNUALCASHFLOW (BEFORETAXES)/TOTALCASHINVESTED

If an investor purchased an apartment building and eachmonththecashflowfromrentals,lessexpenses,is$5,000.Overthecourseofayear,thebefore-taxincomewould be $60,000 and if their cash invested (down pay-ment)inthepropertytotaled$300,000,cash-on-cashreturn is equal to 20%.

Savvyinvestorslookfor20%-30%cash-on-cashreturnbefore considering investing in a property. A big plus is that the return is immediate cash in your pocket and the property may still appreciate on top of that return. In addition, the investor needs to consider how much time the property will take to manage. Some properties, such as vacation and college rentals, just require way too much time and management to make them smart investments. Well maintained properties rented for as long aspossibletodecentcreditprofiletenantsusuallytakethe least time to manage. Compared to other investments, real estate is easy to value.Evenifyouhavenoideahowtovalueaproperty,youcanfindaRealtorwhocanvalueitforyou.Typicallythere are a lot of comparable properties to use to value real estate so the investor knows what the investment property is worth and what should be spent for the property. There are many below market properties that an investorcanfind.Notonlycanyoupurchaseapropertybelow market price, you can add value to the property once you purchase it. You can also add bedrooms, add bathrooms, update a kitchen or do many other things to increase value of the real estate. It simply is not possible for an individual investor to add a bedroom onto a stock. Therefore, real estate should be an important part of your investment portfolio.

Psst! In case you didn’t hear, there’s a shift happening in home décor. Clean lines, lighter and airier colors, and a more modern look are taking center stage in today’s luxuryhomes.Ofcourse,westillloveourregionaldesignflair,butcurrenthiphomesare lightening up and going minimalistic. Homeowners that shy away from the word modern, however, need not be dismayed by today’s contemporary take on home design and furnishings. The style is minimalistic but not completely stripped bare. We’re not talking hard plastic chairs andchromefixtures.Today’snewmodernchairs and sofa silhouettes, for example, are still comfortable but are sleek and simple. Upholstery is elegant and soft, or bright and geometric.Youwilldefinitelyseealoveofpatterned and geometric furniture, drapes, and area rugs in today’s fresh new interiors. When it comes to color, the familiar earthy tans and greens, terracotta rusts, and mustard yellows, though still popular in a regional sense, are making way for crisp and more contrasting hues. Think soft blues, whites, creams, grays, and browns which bring a clean and fresh look to tired spaces. (It’s no surprise that top paint company Benjamin Moore has named A Breath of

Fresh Air, a pale powdery blue, its 2013PaintColoroftheYear!) The effect? Simple elegance. But not everythingisserene.Lookforlively yellows to brighten spaces ...and brighten your mood. Shocks of patterned cobalt blue, say in a few occasional chairs or throw pillows, will also enliven this more contemporary style of living. In the kitchen, look for white and dark brown or black motifs. Counters are stocked with essential tools only, left bare andeasytoclean.Kitchenknick-knacksand purely decorative items are sparse, with new homeowners opting for a clean and understated look. Cabinets themselves are now often painted, with whites and creams lending kitchens an entirely fresh newlook.Distressedwoodisalsopopular,giving a unique and individualist vibe to homes. Perhaps the biggest shift in interior designfortheNewYear:Individuality.Homeowners are looking for handmade, unique items that don’t look exactly the same as all the other homes on the block. Seek out different pieces that speak to you and make you happy in your home. Sounds likeagreatwaytostarttheNewYear!

INGREDIENTS:1 tsp chipotles in adobo, minced 2 tsp mayonnaise2 limes juice1 tbsp soy sauce 1 tsp minced serrano chilies2 tbsp diced cucumber2 tbsp diced onion1 pinch chopped cilantro10mediumcookedshrimp,cutintolargepieces(3oz)

GARNISH:1/4avocado–dicedCilantro sprig

DIRECTIONS:In a small bowl, combine the ingredients in order listed, mixing well after each addition. Spoon into a 12-ounceglassorsmallbowlandtopwiththedicedavocado and cilantro.

WINEPAIRING:To represent the dish, keep this pairing light and refreshing with hints of lime and herbal notes. The acidic yet refreshing pairing will complement the flavorsinthisdishbeautifully.Ideasfortheperfectcouplingare:SparklingWine,PinotGris,DryRieslingorWhiteWineSangria.Enjoy!

CelebrationofFineArtCornerofHaydenRoad&Loop101|January11-March23480.443.7695|CelebrateArt.comTheCelebrationofFineArtiswhereartloversandartistsconnect. This juried, invitational show and art sale, now inits24thyear,featuresmorethan40,000squarefeet of working studios and works of art by 100 renowned andemergingartistsfromacrossthecountry.Duringthe10-weekevent,visitorsfromaroundtheglobewillgather to admire and acquire an unsurpassed selection of artwork in all mediums and styles from some of the continents’ most talented artists.

Barrett-JacksonWestWorld|January12-19480.421.6694|Barrett-Jackson.comEstablishedin1971andheadquarteredinScottsdale,Barrett-Jackson,theworld’sleadingcollectorcarauctionandautomotivelifestyleevent,specializesinprovidingproducts and services to astute classic and collector car owners and automotive enthusiasts around the world. The companyproducesTheWorld’sGreatestCollectorCarAuctionwherehundredsofworld’smostsought-after,unique and valuable automobiles cross the block in front of a global audience.

DreamHomeTourinParadiseValleyPVDesignCenter|January25480.326.5448|DreamHomeTourAZ.comBetransportedfromthePVDesigncentertotourthetopluxurydreamhomesinParadiseValley.EachtourbuswillhavearepresentativefromParadiseValleyInteriors,educating attendees on the variety of design concepts found within these outstanding homes! Attendees will have an opportunity to experience culinary delights in each home, representing some of the most popular restaurants foundwithinthearea.AllproceedsgotobenefitJDRFandThe Phoenix Symphony.

WasteManagementPhoenixOpenTPCScottsdale|January27-February2602.870.4162|WMPhoenixOpen.comThankstothemostfan-friendlytournamentvenueonthePGATour,theStadiumCourseattheTPCScottsdale,theOpenattractsthelargestgalleriesofanygolftournamentintheworld.When179,022fanspackedtheTPCScottsdaleduringthethirdroundofthe2013WMPhoenixOpenitresultedinanewsingle-dayattendancerecordontour.

LaBayadèreSymphonyHall|February13-16602.381.1096|BalletAZ.orgBayadèrefollowstheheartbreakingtaleofatempledancer and a young warrior kept apart in life and united only in death. With rich lavish set designs which conjure upexoticlocaleslikeTheArabianNights,thisballetwilltransportyouwithdream-likesequencestoaworldofnoble warriors, cruel princesses and beautiful temple dancers.LaBayadèrefeaturesmesmerizingclassicalperformances highlighted by the famous Shades scene, staged for the entire corps.

JANUARY|FEBRUARY2014

JAPANESE SHRIMP CEVICHE de CAMARON

SOLMexicanCocina480.245.6708|SOLCocina.com

In Good Taste Event Calendar

Building Wealth Through Real Estate Investment

Building WealthWhat’s In Your Real Estate Portfolio?

The Perfect PairingSOL Mexican Cocina’s Shrimp Ceviche + White Wine

The New MinimalSleek and Simple

January | February 2014

MirabelCover Home

Exclusively Presented By Bob Lomax

BROKERS CORNERReal estate activity has been fairly steady the last couple of months but buyers are finding the selection is fairly slim with only nine completed houses currently listed for sale.

The builders have taken notice and new construction is booming with 11 houses now under construction and

about 15 others ready to break ground or going through the design review and permitting process. Six of the new homes under construction are spec homes with one of

them already going under contract prior to completion or even being listed which is a great sign. This sale resulted in a new golf member as did two of the other homes that sold in the past 60 days. As always, if you would like to discuss anything real estate or membership related in

Mirabel feel free to contact me. Until next time...

HOMEOWNER TIP OF THE MONTHMost people who own second homes aren’t aware

that water needs to be run through all the plumbing in your house on a regular basis including secondary bathrooms. If not, the P-Trap that is at the bottom of each plumbing fixture (Designed to catch things inadvertently dropped down the drain) can dry

up allowing sewer gas to back up into your home. So if you detect a foul odor in your house, try running

water through all of the drains in your home before calling a plumber or pest control person. There is a good chance

this will solve the problem and save you some money.

If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

MirabelMIRABEL FEATURED COVER PROPERTY

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.www.mirabel.com

B O B L O M A XOWNER/DESIGNATED BROKER

MIRABEL PROPERTIES

480.595.2545 OFFICE480.595.9503 FAX

602.920.7192 MOBILE

Lot 164 | 4 Bed | 6 Bath | 5,301 SQFT | $2,995,000Truly Astonishing Spanish Hacienda style home built to perfection by Casas del Oso. Great room

with pocket doors opens the whole house up to the resort like backyard overlooking the 7th hole of the Mirabel Club golf course with amazing mountain and sunset views. Split floor plan with master and office on one side and two guest suites on the other. The 4th bedroom is an

attached casita with separate living quarters and bedroom. Back yard is as pretty as they come with multiple areas to sit and relax and enjoy the beautiful setting. True wine cellar underground with room for a tasting table. This home is being offered fully furnished and is ready to move in.

AVAILABLE

HOMES CURRENTLY FOR SALE IN MIRABEL Lot # SQFT Status Sales PriceLot 190 3,931 Available $1,295,000Lot 38 4,046 Available $1,350,000Lot 172 4,480 Available $1,399,000Lot 192 3,248 Available $1,399.000Lot 26 4,353 Available $1,799,000Lot 306 6,135 Available $2,195,000Lot 110 6,117 Available $2,795,000Lot 164 5,301 Available $2,995,000Lot 49 7,426 Available $3,995,000

RECENT HOME SALES IN MIRABEL Lot # SQFT Status Sales PriceLot 193 3,931 Closed $1,175,000Lot 138 5,084 Closed $1,582,480Lot 189 3,325 Closed $1,149,000Lot 333 4,480 Pending $1,550,000Lot 217 5,648 Pending $1,800,000

RECENT HOMESITE SALES IN MIRABEL Lot # Acreage Status Sales PriceLot 127 1.29 Closed $380,000Lot 251 .90 Closed $325,000Lot 6 .85 Closed $190,000

FOR A LIST OF BEAUTIFUL LOTS CURRENTLYFOR SALE CONTACT BOB AT 480.595.2545.

Lot 192 | 3 Bed | 3.5 Bath | 3,248 SQFT | $1,399,000

AVAILABLE

Lot 208 | 3 Bed | 3.5 Bath | 4,550 SQFT | $2,595,000

AVAILABLE