Santa Fe Real Estate Guide March 2012

Santa Fe Real Estate Guide

March 2012

Solar systems hot • New furnishings biz

RAY RUSHDirect 505.984.5117Mobile [email protected]

TIMVAN CAMPDirect 505.984.5118Mobile [email protected]

We Know santa fe Real Estate

www.knowingsantafe.com 231Washington Avenue • 505.988.8088

Welcome to knowingsantafe.com — a completely unique proprietary online experience for

those looking to buy or sell real estate in Santa Fe, New Mexico.

What makes knowingsantafe.com so unique? It’s been crafted to suit the needs of both buyers

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

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

sale. Not only do we showcase photos of every nook and cranny (literally), but you will “feel” the

property — whether you are across the street in Santa Fe, elsewhere in New Mexico or half a world

away.Virtual tours, detailed descriptions about finishes and special features, dimensions of rooms,

plans and maps of the property, downloadable brochures, and other features are available.We provide

you completely free access to the Santa Fe MLS listings in addition to our extensive internal listings

of luxury homes and properties. Because its like no other real estate site you’ve ever visited, you’ll

know what to expect before you ever set foot on the property.We guarantee it.

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

LUSH RIVERFRONT COMPOUNDNestled off Bishop’s Lodge Road in fabledTesuque, this pastoral property is a hiddentreasure. The 3.19 acres, in two separately deeded lots, surround a 2,800 sq ft mainresidence, a stylish 549 sq ft studio or guest house, and a small chapel. Completelyprivate and quiet yet only minutes from everything the city has to offer, this is theperfect Santa Fe retreat. 4 bedrooms with a total of 3,349 sq ft on 3.19 acres.

MLS# 201103836 Offered at $1,545,000

JOHN RIGATTIDirect 505.984.5141Mobile [email protected]

KnowingSantaFe.com

RANCHO ESCONDIDO

BISHOP’S LODGE ROAD

TESUQUE VILLAGE AT ITS BEST…

PAGE 3 BLACK CYAN MAGEN-

HOME MARCH 2012 3

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

Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533

At Home In Santa Fe3101 OLD PECOSTRAIL, #602

Here is the property that offers an extra measure ofwhat people look for in a home: ease and elegance,

light-filled, single-level, open living and outdoorareas, three large and complete bedroom suites; allthis plus the amenities of Quail Run and a location

truly minutes from Santa Fe’s historic Plaza.MLS# 201200386 Offered at $1,200,000

ROXANNEAPPLE505.660.5998

www.SantaFeCalling.com

BLACK CYAN MAGENTA YELLOW

4 MARCH 2012 HOME


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

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

Art of LIVING

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

w w w . s a n t a f e t e a m . c o mSanta Fe Team

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

522 CAMINO MILITAR $1,700,000MLS# 201104796

1054 ENCANTADO DRIVE $1,595,000MLS# 201103640

For your new and evolving Santa Fe lifestyle, trust the Santa Fe Team to findyour ideal property.Amid nature’s splendor – Culture,Tradition,Community –savor the Art of Living!

JUST C

LOSED

JUST C

LOSED

Santa Fe Team SalesJanuary 2011 – January 2012

213 Camino Encantado $1,150,000509 Camino Los Altos $1,175,0001008 South Summit Ridge $1,395,0001054 Encantado Drive $1,595,000601 Circulo de Morelia, #203 $225,000604 AvenidaVillahermosa, #105 $225,000604 AvenidaVillahermosa, #108 $235,000604 AvenidaVillahermosa, #107 $225,000604 AvenidaVillahermosa, #103 $235,000611 Avenida Colima $435,000628 Avenida Celaya $424,000

1702Watchpoint $575,000918 AAcequia Madre $190,000918 BAcequia Madre $250,000522 Camino Militar $1,700,000608 Miller Street $2,500,0002162 PlazuelaVista $775,0001013 Camino Anasazi $259,000708 Calle Beatrice $400,0003218 Caminito San Lucas $239,0002813 Calle Dulcinea $356,0004751 Highlands Court $224,000

4239Vuelta Colorada $247,50037 Blazing Star Circle $855,00043 CalleVentosoWest $969,0006 Columbine $529,5006 Desert Rain $740,00053 Heartstone Drive $939,000160 Ridge Road $539,0008 Madre Mountain $448,50020Vereda Serena $549,50064 Heartstone Drive $275,000

*all prices are listing price


HOME MARCH 2012 5


Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.www.sothebyshomes.com/santafe 326 Grant Avenue • 505.988.2533

1723 RIDGE POINTE LOOP $424,500Former model home with 3BR,2 1/2BA,plus loft.High ceilings, upgrades, lots of natural light, por-tal, master suite with private deck, mountainviews,professional landscaping.Great North endlocation. #201101592

113 CAMINOESCONDIDO, #1 $385,000Historic Eastside, a block from Canyon Roadand across from the Santa Fe River.This cozy,romantic pied-a-terre is the essence of Santa Fe.Walk to galleries, restaurants and the Plaza.#201105632

3101 OLD PECOS TRAIL, #808 $650,000Pinon B model, located on a private cul-de-sacnext to a greenbelt.Two BR, 2BA with elegantupgrades: new kitchen bamboo cabinetry andappliances, remodeled bathrooms, and custombuilt-ins. #904637

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

BONNIE [email protected]

Visit our Website :SantaFeRealEstateToday.comInformative • Comprehensive • Smart

DAVID [email protected]

David & Bonnie Sorenson

• Most Comprehensive Santa FeReal Estate Statistics

• Search Complete Santa Fe MLS

• Current Santa Fe Information

QUAIL

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41 BLUESTEM DRIVE $749,000A wonderful home in a gated community, invit-ing patios perfect for entertaining with fabulousviews, 3 bedrooms, a study, 3 baths, and an openkitchen area with a fireplace, plus a 3-cargarage. #201102623

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V i s i t Ou r Po r t f o l i o o f Ou t s t and i ng Homes & HomeS i t e s a twww.HomeTeamSan taFe . com www.Th inkSan taFe . com

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

D A V I DR O S E N :

5 0 5 • 4 7 0 • 9 3 8 3

C H R I S T O P H E RR O C C A :

5 0 5 • 4 9 0 • 2 9 9 9

PERFECT SETTINGOn 4.9 lush Sunlit Hills acres, this eclectic andcharming 1,788 sq ft 2BR, 2BA adobe home withden/office exudes the essence of Santa Fe. Gentlycurved walls wrapped in plaster, wood floors andbeamed ceilings, gardens and view deck, enclosedarea for pets, user-friendly covenants and a viewwest to the Jemez shaped by the nearby hills offera remarkable country living. MLS 201105313

OFFERED AT $419,000

LIGHT HOUSESierra Del Norte – The luminous collaboration ofarchitect Greg Teakle and builder Fred Klein, gentlyperched in the landscape to embrace views south& west, stands a testament to how outstanding de-sign, attention to detail & thoughtful outdoor spacescan merge to create a stunning environment. 3BR,2.5BA, 3,234 heated sq ft, minutes from town. Itspeaks to the clarity of contemporary design.

OFFERED AT $1,295,000

SANTA FE INTERNATIONALArchitect Robert Zachry and builder Michael Hur-locker's compelling work merge in this remarkable3BR, 3.5BA residence that incorporates the bestof 21st century architecture with the sensibilitiesthat make Santa Fe unique. Sleek, sophisticatedyet intimate, with commanding views, it is craftedwith steel and wood beams, glass and plaster sur-faces and tinted concrete floors. MLS 201103323

OFFERED AT $875,000

APPLE OF ALDEAWith an open floor plan centered around a greatroom graced with kiva fireplace, plaster walls, tileflooring, tall ceilings with vigas and wet bar with tem-perature-controlled wine storage, this free-standingsingle-level 3BR, 2.5BA, 2,579 sq ft Aldea homeopens out to a portal with kiva and views to theJemez. Terrific eat-in kitchen features stainless Sub-Zero and Wolf appliances. MLS 201105184

OFFERED AT $489,000


6 MARCH 2012 HOME


Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.231 Washington Avenue • 505.988.8088 www.sothebyshomes.com/santafe

Paul McDonaldAssociate Broker505.780.1008

[email protected]

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

High Summit, and Eastside Section

• #1 Seller of Property in Las Campanas,Monte Sereno and High Summit Combined

Since 2000

• Accredited Relocation Specialist

• Licensed Since 1984

HomeSantaFe.comcheck out the newimproved website!


8 MARCH 2012 HOME


Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.326 Grant Avenue • 505.988.2533 www.neillyon.com www.sothebyshomes.com/santafe

NEIL LYON GROUPNEIL LYON, CRB, CRS, GRIDIRECT: 954.5505 CELL: 660.8600EVELYN SPIKER, CRS, GREEN, RSPSDIRECT: 954.5556 CELL: 930.0999

VANESSA RIOS Y VALLESDIRECT: 954.5522 CELL: 231.3708

7TANO POINT LANE9 +/- acre property consisting of gorgeous main house, 3 guest houses,studio and chapel. Incredible gardens with walkways, patios, courtyards,portales and a lovely swimming pool. 360 degree views. #201005175$4,800,000

916 OLD SANTA FETRAILFabulous historic compound residence in desirable Museum Hill areafeaturing 4BR main house, 1BR casita, plus an artist’s studio/office.Excellent location convenient to shopping, museums, and the Plaza.#201102712 $1,645,000

OFF TANO ROAD MUSEUM HILL

LAS CAMPANAS FOOTHILLS

LAS BARRANCAS LAS CAMPANAS

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

7518 OLD SANTA FETRAIL,A4BR main house includes a family room and a large library/office.Upperlevel master suite with private balcony to enjoy the incredible views.Large 1BR guest house includes office or studio space. Beautiful settingin the foothills. 2 horses allowed. #201102919 $775,000

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

6 PLAZA MOLLENOThis striking residence built by Tierra Concepts enjoys breathtakingviews of the Sangre de Cristo Mountains and the 9th hole of the SunsetGolf Course.A perfect blend of contemporary and traditional pueblodesign. #201104587 $1,495,000

964 OLD SANTA FETRAILImmaculate residence across from Amelia White Park. Beautifully re-modeled in 2008 resulting in a sophisticated and elegant contemporarystyled home. 3BR, 3.5BA including an office and a family room.On over1/2 an acre with mountain views. #201200473 $1,235,000

7 BLUESKY CIRCLELovely home in a cul-de-sac location. 3BR plus an office. Excellent fin-ishes throughout and gorgeous views of the Jemez Mountains and sun-sets. Beautifully landscaped with great outdoor spaces. Rastraconstruction.Owner is NM Real Estate Broker. #201200122 $899,000

MUSEUM HILL LAS CAMPANAS

3CalleVentoso.com

545VistadelaCiudad.com

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

WALK TO THE PLAZATwo condos – five years old,absolutely gorgeous finishes.Hard-troweled plaster, brick floors withradiant heat; travertine baths andwalk-in closets; kiva fireplaces,bancos and skylights.Two bedrooms and two baths.$725,000One bedroom$500,000

ONE-OF-A-KIND VILLAMagnificent 360˚ views from this unique villa.The6,130 sq ft home is poised on 1.3 private,woodedacres on a hill minutes to the Plaza.Antique doors,diamond finished plaster, high ceilings with coves,vigas, corbels, and beams. Hand-carved stone win-dows. Five fireplaces, skylights and a comfortablefloorplan. Owner is a NM Real Estate Broker.

$1,995,000

EXCEPTIONALDOWNTOWN

BUILDINGCurrently an art gallery, or wouldbe perfect for offices, a shop, or arestaurant. High ceilings, greatfloors, great light and ambiance.Very stylish and in fabulous condi-tion. Unbelievable high visibilitylocation between the Plaza and theRailyard.

NOW $529,000

FAMILY LODGEA sprawling lodge on 5 scenic acreswith multiple wings for a variety ofuses! Great plaster main living roomwith standing dead growth timbervigas and Italian chef’s kitchen; pri-vacy, landscaping and views from allwindows; a wing with 3BR, 2BA andguest powder room; a wing withmaster suite; and separate guestsuite. $769,000

SANTA FE’S FINESTB&B

A historic adobe in perfect locationdowntown, 3 blocks to the Plaza. 18guest rooms with stylish baths, pluslive-in manager’s suite. Charmingbreakfast great room; elegant, com-fortable public spaces, patios anddeck.Character, ambiance, and SantaFe style! Parking. Established peren-nial landscaping. $2,695,000

Ashley Margetson CRS, GRI

984.5186 Cel l : [email protected]

santaferealestatelady.com

SOPHISTICATEDCONDOMINIUM

Minutes to the Plaza, in prestigious1200 East, opportunity knocks!Clean lines and bright, open spacesmake this custom built condo a rarefind! Large rooms with high ceilingsand beautifully landscaped outdoorspaces! Three BR, great mastersuite, cheerful eat-in kitchen, garage,and storage. $725,000

HANSEL & GRETEL’SHIDEAWAY

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

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KAREN WOLFE-MATTISON505.984.5154

Cell: 505.577.2245

Putting People and Properties Together

48 PASEO VISTA $485,000Hilltop home with magnificent expansive southern and westernviews!This home offers lots of light throughout, two story livingroom, 3BR upstairs and 1BR downstairs. Recent updates includenew windows and doors, terraced landscaping and gardens. Ahome filled with love for many years! MLS# 201105338

1496 WILDERNESS GATE $1,895,000Magnificent estate on 5 acres amongst tall Ponderosas.This expan-sive 3 to 4BR adobe has grand rooms accented with warm finishes.The exquisite formal dining room features a Mediterranean domebrick Boveda-style ceiling. Includes aged multi-hued oak floors,plas-ter walls, 9 fireplaces, bancos, and wonderful architectural details.1BR guest house with kitchen. Incredible views! MLS# 201200467

615 BISHOPS LODGE, UNIT #6$325,000Great vacation or second home.This twobedroom, three bath, 1,472 square footcondo is just blocks from the Plaza andFort Marcy. Fully furnished. Will needshort term rental permit.MLS# 201101167

Residential SpecialistFor Over 25 Years

103 CATRON STREET #7 $859,000Best location in El Corazon de Santa Fe and one of the few 3 bed-room homes. Classic finishes include diamond plaster walls, vigas,marble countertops and gourmet cook’s kitchen.Living room opensto a large outdoor courtyard with fireplace. Zoned BCD.MLS# 201200054

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10 MARCH 2012 HOME


Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.326 Grant Avenue • 505.988.2533 www.sothebyshomes.com/santafe

MARION SKUBI GROUP

MarionSkubi.com

Marion SkubiABR, CRB, CRS505.660.8722

[email protected]

Aleka MooreOperations Manager, Marion Skubi Group

[email protected]

Johnnie GillespiePartner, Marion Skubi Group

[email protected]

SPACIOUS GRAND HACIENDA25 Stonegate $2,395,000

This spacious grand hacienda with paved circular driveway, zaguan entry, andprivate enclosed courtyard recalls the OldWorld character of traditionalNew Mexico elegance. Reminiscent of the time honored adobe style, this

5,693 sq ft home of pumice crete construction with an additional 1,162 sq ftof outdoor extended living space offers timeless living and boasts views andaccess to the second fairway of the Sunrise Golf Course with dramatic viewsof both the Sangre de Cristo and Jemez Mountain ranges. MLS# 201101266


HOME MARCH 2012 11

Excellence, with a touch of grace...

231Washington Avenue • 505.988.8088Operated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.

505.955.7963505.699.6644

[email protected] Condo812C Calle Saragosa

MLS# 201102257 $200,000

Country Living

Nava Ade Jewel4161 Big Sky Road

MLS# 201105785 $375,000

Emily Ivette GarciaCRS, Real Estate Broker

DowntownCanyon Road Condominium

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

Eastside Adobe960 Acequia Madre

MLS# 201103788 $635,000

Refined Railyard Home207 Closson

MLS# 201100640 $450,000

Remodel Opportunity1144D Canyon Road

MLS# 201103194 $375,000

House & Guest House with Land13 Marcelina

MLS# 201000685 $700,000

Home, Studio & Storage189 County Road 113

MLS# 201102698 $550,000

Majestic Views & GatedRancho San Juan Casita

MLS# 201104454 $375,000

Home on the Range3 Lucerito Court

MLS# 201103726 $175,000


12 MARCH 2012 HOME



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

SantaFeBeautifulHomes.com

105 AVENIDA ALDEA $515,000Contemporary Santa Fe-style home with gor-geous finishes, light open spaces, and mountainviews.Built in 2010, this striking residence featuresplaster walls, custom viga-beam and herringbonewood ceilings, tile, travertine, and wood flooring,eye-catching doors, 2 kiva fireplaces, and 3 walledoutdoor living areas. MLS# 201104741105AvenidaAldea.com

1833 ARROYO CHAMISO $525,000This comfortable three bedroom residence onone acre in the Sol y Lomas / Arroyo Chamisoneighborhood is in very nice condition and haswonderful living spaces indoors and out.Walledand beautifully landscaped yard with portal, newerroof and boiler, new stucco. On 1 acre near thehospital. MLS# 2011049151833ArroyoChamiso.com

4 CAMINITO CORTO $495,000Lovely rural property on 1.6 acres in Jacona inthe beautiful PojoaqueValley.This wonderful res-idence features a great country kitchen, largescreened portal, studio, separate guest quarters,pre-moratorium private well, and beautiful gar-dens and patios with ponds and waterfalls.MLS# 201104196FourCaminitoCorto.com

624 EAST ALAMEDA, #6 $799,000Spacious and beautiful three bedroom, three fullbath home in the Historic Eastside a few blocksfrom the Plaza with two master suites, enclosedbackyard, two-car garage, and walled front court-yard with fireplace. Lovely private compound withgreat landscaping and its own gate onto famedCanyon Road. MLS# 201000971624EastAlameda.com

680 GARCIA STREET $1,800,000Adobe residence on one acre in the Historic East-side not far from the Plaza and Museum Hill wasoriginally built in the 1930's and has grown overthe years to a 4BR, 5BA, 5,600 sq ft home with 5fireplaces plus an indoor swimming pool in a 1,570sq ft heated room.Enjoy wonderful outdoor livingwith a fabulous portal and walled garden.680GarciaStreet.com

7 PLACITA ANITA $195,000Wonderful parcel of land in scenic Las Dos is lessthan 20 minutes to the Plaza.This appealing 11-acre tract has great mountain views from a privateand picturesque setting in one of Santa Fe’s mostbeautiful rural residential neighborhoods.Recentlysurveyed and lot lines are flagged. Seller will tradefor small home in town. MLS# 201100880

146 WILDHORSE $415,0005.67-acre estate lot in Las Campanas has fabulousSangre and Jemez views. For the discriminatingbuyer seeking exclusivity, privacy, and security thispremium parcel at the end of a cul-de-sac presentsa unique and wonderful opportunity. Approvedarchitectural plans for a lovely residence available.Minutes from the Plaza. MLS# 201103952146Wildhorse.com

Simplif y Your Search • SA N TA F E BE AU T I F U LHOMES . C O M

505.954.5515888.257.6750 Toll Free

[email protected]@SothebysHomes.com

ALAN AND ANNEVORENBERG

954 CERRO DE LA PAZ $3,850,000Elegant Estate with stunning views on 12.5 gatedacres near the Plaza comprised of an impeccableresidence built in 2005 with superb finishes, 11fireplaces, 7 baths including dual master baths, fab-ulous kitchen, 3,000 sq ft of portales, 1BR guestcasita, and gorgeous swimming pool with cabanaand bath.MLS# 201005922 954CerroDeLaPaz.com

9 PIEDRAS NEGRAS $588,000Wonderful adobe home in the Foothills withbeautiful views and privacy in a gorgeous settingon 5+ acres. Enter through an arched wall into apretty front courtyard. Spaces include a cozy livingroom with kiva fireplace, charming studio/den,sunroom with wet bar, kitchen with casual dining,and luxurious master suite. MLS# 2011045309PiedrasNegras.com


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

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

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

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

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

ShaneCronenweth

[email protected]

CarolineRussell954.5530

[email protected]

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

20 VISTA REDONDA $1,100,000With sweeping vistas and Frank LloydWright-influenced architecture,this 5,160 sq. ft. house and studio on 6.9 acres is exceptional. Featuredare a 49 ft. great room with media area,massive fireplace with concretemantlepiece, slate floors and mahogany cabinetry.The kitchen offers awalk-in pantry and 360-bottle wine keeper.The generous master hasdouble baths, an office and mini-kitchen.One guest suite includes an ad-joining study. Lovely outdoor spaces feature a terrific dining pavilion andmature landscaped grounds. MLS# 201101068

SOLD

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

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14 MARCH 2012 HOMEOperated by Sotheby’s International Realty, Inc. Sotheby’s International Realty® is a registered trademark.

417 East Palace Avenue • 505.982.6207 www.sothebyshomes.com/santafe


DARLENE STREIT GROUP505.920.8001 [email protected]

SantaFeRealEstateScene.comSantaFeRealEstateExpert.comSantaFeLuxuryHomesAndLand.com

7 CAMINO OSITO $1,195,000Pueblo-style home on 2.51 acres with outstanding views.Diamondplasters walls and spacious living room.Large gourmet kitchen withgranite countertops, high-end stainless appliances, slate and woodfloors, 2 master suites, plus an office or extra bedroom. Beautifullylandscaped with several outdoor sitting areas, view the sunsets andrelax by the water feature. Oversized 3+-car garage with work-space. MLS# 201104660

26 CAMINO SANADOR $1,075,000Located off Old Santa Fe Trail, on almost 7 acres. Beautifullysculpted contemporary Santa Fe lines, open kitchen, cherrybutcher-block island countertop. Spacious, 4BR plus mediaroom/5th bedroom. Light, sunny open floor plan with fireplaces,high ceilings, and grand views and guest house. Radiant heat and a6-zone multifold septic system to water extensive landscaping.MLS# 201104665

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

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

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

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

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NEWLIS

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

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


HOME MARCH 2012 15

A F u l l S e r v i c e R e a l E s t a t e B r o k e r a g e

505.989. 7741 • 433 WEST SAN FRANCISCO STREET SANTA FE, NM 87501

Wm. David Dougherty, Broker . Clara L. Dougherty, Broker Associate . Jennifer H. Tomes, Broker Associate . Warren Thompson, Broker Associate . Pam Alexander, Office Manager

expect more.Welcome to your new home!

WE ARE PLEASED TO ANNOUNCE THAT

WARREN THOMPSONIS NOW ASSOCIATED WITH

DOUGHERTY REAL ESTATE CO., LLCWarren moved to Santa Fe, with his family, at the age of three. After receiving his MBA,from the University of New Mexico, Warren returned to Santa Fe to raise his family.Working in all aspects, including very complex projects, of the real estate industry giveshim a unique insight into the industry and has allowed him to have a successful career forthe past 27+ years.

inside out.

MLS #201200223 $995,000Light and spacious 4 bedroom detached condo overlooking the 8th green at Quail Run. Stunning

trompe l’oeil paintings throughout. Warren Thompson, cell 505.577.2744, [email protected]

2nd floor

www.dresf.com.GREAT LISTINGS.VIRTUAL TOURS. SANTA FE STATISTICS. MULTIPLE PHOTOS.BROCHURES.AND MORE!


16 MARCH 2012 HOME

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3.12REGadobewalls at 159TanoRoad.

Photosby JanePhillips/The


Photosby JanePhillips/TheNewMexican


HOME MARCH 2012 17

By Paul Weideman

This lovely custom adobe on Santa Fe’s north sidewas built by the renowned Buzz Bainbridge inabout 1972. The current owners did a remodel/

addition, working with G.B. Roulette Construction &Design and Eric Enfield of Architectural Alliance.Located at 159 Tano Road, the house and guest house,

5,009 square feet, incorporate four bedrooms and fivebathrooms. A horseshoe driveway leads from Tano tothe house, a modified Pueblo design with 2-car garage.Healthy stands of piñon and aspen greet the visitor. Awisteria vine curls around a post at the high-walled gateentrance to the front courtyard.The more public areas of the house are floored with

Saltillo tile, while the master bedroom and the two kids’bedrooms have brick floors. A rustic stone pedestal sinkthat was once a planter is a focal point in the powderroom, a warm, grotto-like space with walls of red-paintedplaster.The living room has diamond-plaster walls and organic

attributes including exposed timber lintels, sculpted wallmasses and arches at transitions to hallways, and a highceiling of cedros (rough-split juniper latillas) over vigas. Along row of clerestory windows brightens the great room.A fireplace, the largest of six in the property, is a steppeddesign with a thick sandstone-slab hearth. The adjacentsitting room boasts the original flagstone floor.In the kitchen, plenty of simple, ivory-painted cabinets

lend a comfortable, old-fashioned appearance. The granitework surfaces and large Kohler apron sink are well lit byskylights. Equipment includes a wood-paneled Sub Zerorefrigerator, a Wolf range, and two Wolf ovens.Both kitchen doorways and a pass-through to the living

room are closeable by means of antique Mexican doors toisolate food-prep activities while entertaining.The spacious master bedroom has a coved-plaster

ceiling. The master bath is decked out with Spanishlimestone on the floor and in the ample, step-downshower. Countertops, including on the integral makeuptable between the two sink areas, are all laid with granite.Doors outside of the dining room, living room, and

master bedroom open onto a wraparound patio with adeep, brick-paved portal and a built-in fireplace and grill.The patio extends out into the sun, with lots of room foroutdoor entertaining, or for sitting and taking in the bigviews of the Sangre de Cristo Mountains.The property is 2.89 acres. Beautiful, Northern New

Mexico-style landscaping, including fruit trees, all ondrip irrigation, surround the house. A guest casita withkitchenette is appointed with slate floors and planks-on-viga ceiling.JimWeyhrauch and Dan Wright, Santa Fe Properties,

are listing the 159 Tano Road property for $1,450,000. Anopen house is set for 1 to 3 p.m. today, Sunday, March 4.

A house ofBuzz

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3.12REGadobewalls at159TanoRoad.


Inside Adobe Walls


18 MARCH 2012 HOME

The County of Santa Fe recruited afocus group in the fall of 2011 to reviewits inclusionary zoning laws to determineif they could be amended for greatereffectiveness and to help jumpstart thehousing industry.Inclusionary zoning is one method

local governments may use to increaseaffordable housing by requiringdevelopers to dedicate a percentageof units for clients that meet incomeeligibility requirements. Developersgenerally pass along these costs tomarket-rate purchasers, which canincrease home prices in a community.The focus group offered a variety ofrecommendations, so in January thecounty proposed a number of changes.They included reducing the affordable-housing requirement from 30 percent to15 percent in major projects and from 16percent to 8 percent in smaller projects;adding language to permit flexibility byallowing for other means to meet thegoals and objectives of the ordinance; and

providing for the affordability lien held ona property to decline over time to matchthe appreciation on the property.County officials held a public

hearing on the proposed changes inlate January and the commissionersvoted unanimously in support of theamendments.

* * * * *As we take a look back at 2011

comparing home sales to the entireprior year 2010, single-family homesales rose by nearly 8 percent in Santa Fecity/county from a total 997 in 2010 to1,073 in 2011. With the increased sales,the overall median price of homes inthe area continued to show downwardmarket pressure from $354,000 in 2010to $349,000 in 2011, a modest 1.4 percentdrop. Total home sales volumes climbedby approximately 6 percent over the year,from $569.6 million in 2010 to $601.7million last year.Condo and townhome sales fell from a

total of 277 in 2010 to 245 sales in 2011.

As prices drop for detached single-familyhomes, condos become a less attractiveoption for some families and individuals.The median price of condominiumsand townhomes also dropped from$259,000 in 2010 to $239,688 in 2011,demonstrating that the overall marketcontinues to be affected by downwardpressures on prices.President Obama, in his third State of

the Union speech, called on Congressto pass a plan to help millions of“underwater” homeowners to refinanceinto loans with historically low interestrates by charging banks a fee to helpexpedite these transactions. Congress haspreviously looked at a proposal to chargebanks a fee to help homeowners whoremain underwater, but it’s not clear fromthe details President Obama providedhow similar this plan is to the oneCongress considered in the past.The president also shared efforts to

hold lenders to account for making loansduring the housing boom they knew

households couldn’t afford. He said heis asking the U. S. Attorney Generalto create a unit of federal prosecutorsand state attorneys general to expandinvestigations into the abusive lendingand packaging of risky mortgages that ledto the housing crisis.

Rubel ”Paco”Arguello is a Santa Fenative and is chief executive of the Santa FeAssociation of Realtors. Contact him at 982-8385 or [email protected]

A Santa Fe housing update

PACO ARGUELLO

NewsfromSFAR


HOME MARCH 2012 19


20 MARCH 2012 HOME


HOME MARCH 2012 21


22 MARCH 2012 HOME


HOME MARCH 2012 23

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Walt Chapman started Chapman Company in 1966.Since then, his sons and daughter have joined

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and will be here long after your home is complete.

Build Remodel Sell

Tune in Every Sunday at Noonon Talk 1260 KTRC-AM

“All Things Real Estate” Radio ShowHosted by Rey Post,Associate Broker, Sotheby’s International Realty.Also listen on ATREradio.com (at “1260 KTRC Live StreamingAudio” button)

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417 East Palace Avenue • 505.982.6207 • sothebyshomes.com/santafe

WHAT PEOPLE ARE SAYING ABOUT THE SHOW:“The radio show is a great source of real estate news and information and I valuethe opportunity each week to offer commentary on mortgage matters to homebuyers and sellers.”Ron Blessey, Broker/Owner, Home Buyers Mortgage

“We listened to the program via the Internet...what a fabulous show!”Carmen Lanza, NewYork, NewYork

“Insurance is an important necessity for any condominium or homeowner and the radio show provides me with a terrific platform totalk to consumers about their options.”Vince Marciano, Marketing Manager, the SAX Insurance Agency

For more information, contact Rey Post: [email protected].


24 MARCH 2012 HOME

By Paul Weideman

ore and more people are choosing togo with photovoltaic panels to generateelectricity for household use, in partbecause the incentives have never been

better. A perusal of Santa Fe County building-permitlistings during 2011 shows 53 solar installations, with amedian cost of about $30,000. And inside the city, therewere 69 PV installations permitted last year, according toNicholas Schiavo, energy specialist with Santa Fe’s Housing& Community Development Department.“The price of PVs have been coming down,” he said.

“With a little conservation in the home, you can get awaywith a 2- or 3-kilowatt system. For reference, out of a 1-kilowatt system you get about 1,200 to 1,400 kilowatt-hoursper year generated. I just put a 2.4-kilowatt PV system onmy roof, which will give me about 300 kilowatt-hours amonth, which is 100 percent of the household needs for mywife and I.”Schiavo stressed that most homeowners should take a

broad look at energy efficiency instead of rushing into a PVinstallation. “If you have a fridge from the 1980s, it couldbe using 1,200 to 1,500 kilowatt-hours a year, so a newrefrigerator can give you a lot of savings, plus it’s nice tohave a new refrigerator.”His office employs a Kill A Watt meter to measure

electricity usages in your appliances. “We can use this andlook at your monthly bills and see what kinds of things youcan do, and what size PV system is appropriate if that’s theway you want to go.”Last year, Schiavo directed the spending of $1.3 mllion

in federal stimulus money for energy-efficiency retrofits at28 city facilities, and of another $100,000 for a low-interestloan program administered by the Homewise organization.If you have an annual household income of less than$103,050, Homewise can help you finance a variety ofconservation improvements — including PV electric — aswell as routine maintenance and emergency repairs.“The big story about photovoltaics is just how

dramatically they’ve come down in price in the last three orfour years,” said Craig O’Hare, energy programs specialistwith Santa Fe County’s Public Works Department. “It’sabout half the price what it was five years ago. Solar PVwas costing $10,000 to $12,000 per kilowatt, and now it’sbetween $5,000 and $8,000.”Contractor and electrician costs vary depending on the

type and location of your installation, and whether or notyou have to replace the electrical panel.The logic of installing PV systems seems fairly obvious in

Santa Fe, which has 310 days of sunshine in an average year.But that logic also depends on policy. “The whole industryhas come into its own globally, particularly in countriesthat have strong incentives,” O’Hare said. “Germany hashad very aggressive national policies to promote rooftopsolar, as have Spain and Japan.“The reason prices have come down is just the law of

supply and demand and economies of scale. And China has

dramatically entered the solar-panel market.”O’Hare added that solar and energy-efficiency

improvements represent “one of the few bright spots inconstruction right now. That’s something I’m trying to do,getting the trades working again through energy efficiencyand renewable-energy renovations on existing homes.”He says people should check out HUD’s 203K home-

improvement loan program. “This is a program that’sway underutilized here in Santa Fe County. If I’m buyinga home that has some fixer-upper elements or I want torehab the kitchen, and I want to put in a solar system andblow some insulation into the walls, I can roll all of thosecosts into the mortgage. It’s potentially great for use onforeclosed homes that have been sitting abandoned for awhile.”In considering the place of photovoltaics, the society

has perhaps moved beyond the “experimental” stage inwhich most enthusiasts choose the system because of aphilosophical preference. “Now we’re getting into the moremainstream citizens and if you’re able to get fairly decentfinancing, this thing pencils out pretty nicely,” O’Hare said.“If you do a $15,000 solar system, a pretty good system,about 2.5 kilowatts, there’s a 30 percent federal credit anda 10 percent state tax credit, so that’s $6,000 you get backnine or 10 months later.”The Public Regulatory Commission adds another

incentive with renewable-energy certificates (RECs) paid bythe utilities it oversees. “In addition to your meter spinningbackward when you’re generating your own power, PNMwill pay you,” O’Hare said. “If I generate 500 kilowatt-hoursper month and PNM pays me 6 cents a kilowatt-hour for

that renewable-energy attribute, that’s $30. So not only doyou not have a PNM bill except for the monthly $5 servicecharge, but you get a $30 check from them.“These REC incentives will slowly go away and the price

of solar keeps going down and the price of electricity goesup and at some point, we’ll reach grid parity, which meansthat solar will be no more expensive than buying powerfrom the giant gas, coal or nuclear plants.”“The incentives are still good but even if they go away,

there’s enough momentum now [that the industry is] goingto stand on its own two feet,” said James Mosher with theAlbuquerque company Consolidated Solar Technologies.“One of the cool things is how progressive PNM is. Theutility works with the solar industry and the customer tomake this a viable source.”Last year, Consolidated Solar installed more than 500

systems between Las Cruces and Santa Fe, according toMosher. The average home system was 4.2 kilowatts (17panels) and the average price in the Santa Fe area was$30,000.Consolidated will put in a smaller, more affordable home

PV system for Craig O’Hare in the spring. “I’m getting a1.5-kilowatt system for $7,500 before tax credits,” he said.The majority of the company’s Santa Fe projects were

roof installations and they were static systems, rather thanthe automated type that moves the panels so they’re alwayspointing at the sun.“I know the city has that at the wastewater treatment

plant and that generated 2.5 million kilowatt-hours in 2011,and there’s no way they would have close to that withouttracking,” Schiavo said. “But I don’t think you want to use

COURTESY TIM BOCK

On the roof: Tim Bock with his new PV system

MPV solar more popular than ever


HOME MARCH 2012 25

COURTESY SANGRE DE CRISTO WATER DEPARTMENT

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

that if you’re doing 2 to 3 kilowatts, probably not until youget up to 10 kilowatts or so. There was a time when panelswere so expensive you wanted to get every bit of sunlightpossible, but nowadays labor is the most expensive part.You do get more electricity with tracking, but you havegreater up-front costs and more to think about in terms ofpossible maintenance down the road.”Santa Fe resident Tim Bock decided to get a PV system

late last year. “I know the gentleman who put in what wasat the time the largest solar system in New Mexico — DaveWeininger — and I was very intrigued,” he said.In August, Bock saw an advertisement about a seminar

to be presented by Positive Energy Inc., Santa Fe’s busiestsolar-installation company. He wasn’t planning on gettingone himself, but he attended “just to see something aboutthe practical realities of it.”Afterward, his choice boiled down to finances. “I wanted

to do it and with the tax credits and the REC creditscombined with financing I had through Homewise, it madesense to me, especially if you think about where energyprices might go in the future.Bock’s process wasn’t the most pleasant, because in

the midst of it he realized he had major roof problems.He describes his PV installation process, taking place

simultaneously with a roof tearoff and replacement, in apost at [email protected] 20-panel system, operational since January, was sized

for a little over 600 kilowatt-hours a month. He has seen hiselectric meter spinning backward, he will be getting RECchecks from PNM, and he expects to get “a nice chunk” ofthe up-front installation cost back when he does his taxes.But he’s planning another post to tell people about “some ofthe nits...such as, the monthly bill from PNM never actuallygoes to zero, because they charge a maintenance fee ($5)and ‘rebate fund fee’ (around $4.50) to all customers. Thefees were always there; I just never noticed them when Iwas buying all of my electricity from PNM.”If Bock’s grid, which is probably a little less than a 5-

kilowatt system, uses 20 photovoltaic panels, you canimagine how many are in the 1-megawatt system at theBuckman Direct Diversion project. (Thousands?) TheBDD, which takes water off the Rio Grande and cleansit to add into the city/county domestic water supply,incorporates a PV array for the big, new treatment plant.Rick Carpenter, City of Santa Fe water resources and

conservation manager, said the array will supply aboutone-third of the total annual electrical power needs of thewater treatment plant site.

“We are all very proud of the fact that, after 10 years inthe making, the entire $221 million BDD project came on-line on schedule and under budget,” Carpenter said in ane-mail. “The solar array was coordinated in parallel (nota small effort since it was our first time doing it) with theBDD project so that it came on-line coincident with thewater project — which was Dec. 31, 2010.“As I recall, by-the-way, I think the solar array was about

a $5 million project with about an additional $180,000 in‘interconnection’ design and construction costs. The solarfacility is, however, a net money maker for the project.”The BDD was no doubt the most significant PV

installation in the Santa Fe area last year, but it was just oneof more than 120. Is that a historic high?“That’s really good. I bet it is,” said Nick Schiavo. “The

RECs have been dropping and there’s been a real incentivefor people to get into PV.”

ResourcesNicholas Schiavo, city energy specialist, 955-6693,

[email protected] O’Hare, county energy-program specialist, 992-

3044, [email protected]


26 MARCH 2012 HOME

Recent Home & Land SalesSales data for the periodJan. 19-Feb. 18 from SantaFe Association of RealtorsMLS reports. Not all salesare reported.

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

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

Land(None)

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

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

Land$130,000

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

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

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

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

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

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

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

Land$60,000$120,000

county

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

Land(None)

Homes$385,000$550,000

Land$36,000$36,000

$130,000$195,000

Homes$78,400$146,900

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

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

Land$12,500

Homes$215,000

$216,000$240,000

$310,000$489,000

Land(None)

Homes$230,000$550,000

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

$900,000$990,000

Land(None)

A & J Construction, 200Lincoln Ave. $400,000.Centex Construction, 3872

Montana Verde Rd. $254,942.— 4223 Luz de Estrella.

$202,843.

SBS LLC, 1566 Shalako Way.$120,000.

Jay & Susie Gogue, 3045Monte Sereno Dr. $750,000.

Plaza Bonita, 1625 Placita deLuna. $137,000.— 1629 Placita de Luna.

$209,000.— 3044 Floras del Sol St.

$128,133.

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

Allen Gordon, 25 MeredithDr. $1 million.C. Floyd Anderson, 4 Camino

Villenos. $95,000.Gardner & Associates, 53

Bosquecillo. $89,567.

La Nueva Querencia, 24Bosquecillo. $67,819.— 24 Cano del Pajaro.

$67,819.Sivage Community

Development, 7 Camino deColores. $250,000.Manuel Miramontes, 4729

Agua Fria. $190,000.

Building permitsSANTA FE COUNTY buildingpermits issued from mid-Janu-ary to mid-February includedthe following:

Building permits issued by theCITY OF SANTA FE in themonth of January included thefollowing:

We have all heard recently that dealingwith a bank is very difficult and not likeit used to be. Commercial banks in ourcountry have suffered during the last fewyears due to the subprime fiasco. As aresult, auditors and bank directors havecreated policies that seem unfriendly atbest. Talk to anyone with a loan or creditcard with one of the large, national bankshow he feels about doing business withthem today and you will receive extremelynegative comments.My recent experiences with credit unions

in Santa Fe has led me to believe that theyare a banking alternative reminiscentof banks of the 1980s. One of the mainreasons for this is that credit unions havenot experienced the losses on real-estate

loans that are still plaguing commercialbanks.Can credit unions provide the same

services that banks can? Absolutely.Checking and savings accounts, creditcards, wire transfers, and paying bills online- you will find everything at a local creditunion that you hope to enjoy in banking.Credit unions have federal insurance fordeposits through NCUA, a U.S. governmentagency which is identical to the insurancecarried by banks.One client of mine said, “The credit

union treats me in a friendly manner likebanks did 30 years ago.”I spoke with two officers at the State

Employees Credit Union in Santa Fe. PeteMartinez mentioned that some people do

not realize that you do not need to be astate employee to use the credit union.Credit unions “make loans that make

sense for their members” said SECU vicepresident Dwayne Herrera. And there ispossibly a meaningful difference. Bankshave customers and credit unions havemembers. In fact, credit unions haveunpaid directors who are members. Bankdirectors are paid and elected by theshareholders.Santa Fe is rich with credit unions. Their

services seem to cost less and their staffmembers are friendly and welcoming.SECU has a program where you can get 2.5percent earnings on your checking account.That is a better return, by far, than you havewith banks or even a U.S. Treasury bond.

Jim Gay was a real estate broker for 20 yearsand has been a consultant for Fortune 500companies. He is currently a broker/owner withHome Buyers Mortgage (986-9080) and can bereached at [email protected]

Mortgagematters

Credit unions = good service

JIM GAY


HOME MARCH 2012 27

The City of Santa Fe’s WaterConservation Committee was created bya 2002 resolution. Membership is limitedto 10 members. Prospective members arerecommended by Council chairman ChrisCalvert and are approved by the mayor.Meetings are held on the second Tuesdayof each month and are organized by DanielRansom, conservation manager, andattended by various city staff members.The founding resolution defines

the conservation committee’s dutiesand responsibilities as follows: “1) TheSFWCC is charged with promotingwater conservation, developing waterconservation proposals and advisingcity government on water conservationactivities; 2) identifying ways to reachout to groups of all ages to educate themon additional ways to conserve water,discussing water conservation programs,their costs and benefits and methods ofadministration; 3) examining buildingcode provisions, construction practicesand land use policies and their effect onwater use; 4) Proposing changes in code,practice and policy that will promotefurther water conservation; and 5) whentime permits, the SFWCC shall be giventhe opportunity to discuss and makerecommendations on water conservationprograms being undertaken by the City, solong as that consideration does not delayimplementation of any program.”Over the past several months,

Committee meetings have been dominatedby discussions of how existing emergencywater regulations do not address watershortages caused by drought but ratheronly provide for water shortages causedby catastrophic events: earthquakes,infrastructure failure, fire, ash, etc.Members are concerned that last summerduring the drought there were noadditional water restrictions implemented.It is anticipated that gaps in future watersupply will be met through increasedconservation, but we recently learned thatin 2011 water consumption per capitaper day actually reversed the impressivedownward trend.

The timing of the opening of theBuckman Direct Diversion facility inearly 2011 was fortuitous, but during peaksummer irrigation, other sources (surfacewater and groundwater aquifers) will beneeded to supplement that supply. Thisis problematic because the reservoirs aredependent on snowmelt and summermonsoons (and last year was the driestyear on record) and during a drought theaquifers under the wells are not beingrecharged at historical rates and aquiferrecharge cannot keep up with pumping.Water Conservation Committee

members have put together a slidepresentation that summarizes the sourcesof city water supply, the historical savingsfrom Santa Fe’s water-conservationprograms, the monetary incentives forwater conservation, the three stages ofemergency water regulations, and theimportant role of increased conservationregarding our future water supply.Although members met with andsolicited input from the senior staff ofthe Water Department, this presentationwas prepared by and is being presentedby members of the Water ConservationCommittee and does not necessarilyrepresent the official position of the City ofSanta Fe.If your group or organization would

like to schedule this presentation, pleasecontact either Doug Pushard ([email protected]), other committeemembers, or myself.

StephenWiman has a background in earthscience (Ph.D. in geology) and is the owner ofGoodWater Company and a member of the Cityof Santa Fe’s Water Conservation Committee. Hemay be reached at 505-471-9036 and [email protected].

OurwaterQuality

ConservationpresentationOK for groups

STEPHEN WIMAN

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

Missy Wolf, Associate Broker • 505-310-9700Marcia Wolf, Qualifying Broker • 505-982-4201


28 MARCH 2012 HOME

Business good at new home shopBy Paul Weideman

AWhite Ghost Italian Armchairshares space with rustic wood tables, a giantframed U.S. flag, and Mexican Equipalechairs with leather seats and stamped-tinback panels, available in yellow, red, green,or purple.These are a few of the items available

at Jane Smith Home, a new shop at 511Old Santa Fe Trail. On the corner ofPaseo de Peralta, it’s a neighbor of Kaune’sNeighborhood Market, Ohori’s Coffee, andother businesses in Dos Caminos Plaza.Jane Smith fills a large corner space leftvacant when Fraser Pharmacy departed in2005.Jane Smith Home opened last Nov. 18.

She spruced up the place with a ceiling ofdecorative, pressed-tin panels — a brand-new take on gloriously old-fashioned

interior design — that building ownerSonny Otero painted in a timeless steelgray.That huge American flag was formerly

in Taos, owned by Tony Huston, the son ofthe famous film director John Huston. “Hecollected flags. We bought it in an antiquestore here in Santa Fe,” Smith said.Next to the cash register stands a tall

(but not lifesize) replica of the EiffelTower. Smith found it in Arizona. It’s a bitgaudy, but it’s also beautiful. “Is it kitsch?I don’t know, but I love it. Look at thisworkmanship!” she said.

Near one of the large windows on Paseois a fluffy white sofa from Chehoma atelierd’ambiances, Belgium. Also from Chehomaare gorgeous, heavy-wire lamps. There’s apair of cool red ottomans sculpted fromlaminated newspapers; a pair of lovely,sculpted wire chairs; a carved, paintedstatue of Guadalupana; and several oldbuckets on hinged rods that once broughtwater up from a well, by the sweat of aSpanish donkey.“I call what we have old and new,” Smith

said. “I like that kind of decorating better.If you look in the magazines now, it’s toomuch of the new and it’s a little cold. I thinkthe mix of the two is beautiful.Smith was born in Alabama and

grew up in Chicago. She graduated ininterior design (when it was called homeeconomics) at Southern Illinois University.After college, she traveled to Copenhagenwith a girlfriend and lived there for sixmonths, then spent some time in Milan.In 1970, she moved to Colorado and was aresident there for 14 years.“I first came to Santa Fe in 1984 and

I lived in Tesuque, in [builder] BettyStewart’s guest house. When I came toSanta Fe, these people from Aspen werebuilding the Stewart Compound with herover on Acequia Madre. We had a littlegallery called Smith Stewart right over herewhere Ohori’s is. I was here for two years,then I went back to Colorado and whenI came back I had a little store called JaneSmith on San Francisco Street. I designedsweaters.“Then I had a larger store where Chico’s

is on San Francisco Street,” she recalled. “Ihad sweaters and custom-made cowboyboots and some home furnishings,including some things by L.D. Burke. Imoved to Canyon Road and that’s when Ibegan adding a lot of furniture. Later I wasdoing interior design out of my home, thenI decided I wanted a store again. It took mea while to find this location.”She said business has been good at

Dos Caminos Plaza. “We’re doing well.We have noticed customers have beenbuying expensive homes and coming in forfurniture, and we also do a lot of gift sales.We have things starting at $10.”And up: an antique, yellow-painted,

Mexican trastero from the 19th century ispriced at $9,500. For a few thousand bucks,you can take home a splendid, distinctivebed designed to hang on it’s blacksmith-

forged rods from a beamed portal orceiling. A handsome iron tea cart fromIndia is a popular item; Smith gets thesenew from a company in New York. Hernew shop also carries assorted tableware,

glassware, cutlery, linens, soaps, pillows,candles, and mirrors. One of the niftiestthings is a colorful roll of cotton napkinsfrom Spain; you rip them off like papertowels.“We’ve had people come in and say how

brave to open in this economy and how

happy they are because it’s like a brightlight of sunshine,” Smith said. “You can getstagnant, but I just remember when I wasvery young and had different stores and Inever thought about the economy, so thatwas kind of the way I decided to thinkabout this store.”She’s still involved in interior design

as well as being a buyer and shopkeeper.“I’m incorporating design with the stuff.I felt that people wanted more instantgratification now, because there’s so muchavailable online. I thought this was a betterway, in my opinion, to approach interiordesign. And so far it’s working.”The store telephone is 988-5670.

PHOTOS BY PAUL WEIDEMAN

Jane Smith in her new store featuring furnishings old and new


HOME MARCH 2012 29


30 MARCH 2012 HOME

2012 began with the largest, mostelegant celebration of the century: NewMexico’s 100th birthday of statehood. Ihad the distinct privilege of transformingthe grand ballroom of the conventioncenter to a magical setting that evokedNew Mexico’s landscape in a warm winterglow. The celebration brought NewMexicans from all over our state togetherand was a success in every way, includingraising money for the Children’s LegacyFund that will endow children of NewMexico for the future.Jennifer Ashton, a designer with my

firm, along with our assistant, MariaCandelas, presented a wonderful programto the Santa Fe Garden Club “TheLanguage of Flowers in Art and Design.”Jennifer highlighted the latest textiles,both modern and traditional, as well asart fromMarji Gallery and a stunningfloral arrangement designed by Carolat Amanda’s Flowers, all linking theunbreakable connection of art and design.My husband and I spent eight fabulous

days exploring black sandy beaches, milesand miles of pãhoehoe lava, and lushtropical lands in Hawaii. The trip wasinspiring in many ways. The history of thearchitecture of Hawaii is fascinating andthe ways in which natural materials areused is simply captivating, not to mentionstunning!The architecture of Hawaii tells the

story of her history, from Hawaiiansof ancient times through its years tostatehood [1959] and beyond - how theindigenous Hawaiians and their complexsociety evolved with the infusion of newstyles brought to its shores, from the earlyEuropean traders, the missions of theNew Englanders and French Catholics,the plantation laborer cultures fromthe Orient to the influences of moderntimes. It is also a reflection of her uniqueclimate and natural building materialsthat abound from coastal regions to thehigher elevations of her mountain ranges.Most fascinating to me is the variety ofways that different types of lava are used

in building, from pillow lava to a’a lavacovering floor surfaces to wall surfaces aswell as retaining walls.Snorkeling in Kealakekua Bay was

incredible. The pale pink, purple andwhite coral architecture with dark fingersof pillow lava dotted with colorful seaurchins form a dynamic playground forneedle fish, angel fish and butterfly fishwith electric colors and vibrant patterns,truly an inspirational site.I will begin a design glossary in

this column to increase your designvocabulary. This month’s term is “kappacloth,” a cloth made from the bark of thewauke (paper mulberry) tree. The bark isharvested from 6- to 12-foot trees, thenis washed and beaten with special toolsbearing carved designs. This is an ancientPolynesian art that takes incrediblepatience but produces a cloth that isincredibly beautiful.For those of you who have recognized

my name or my photo, or have followedmy articles, I want to give a big thank you

and I want you to know that in the worldof art and design and all things Santa Fe Iam going bigger this year!

Lisa Samuel, ASID, IIDA, is an award-winning interior designer and furnituredesigner. She is owner and CEO of SamuelDesign, the only native-owned design groupin Santa Fe and working in major cities acrossthe U.S. Contact her at 505-820-0239 or [email protected]

An exhilarating start to 2012!

LISA SAMUEL

ArtfullivingByDesign


HOME MARCH 2012 31


32 MARCH 2012 HOME

Darlings,We’re fast approaching daylight saving

time - only a week away. Since 2007, DSTstarts on the 2nd Sunday in March andends on the 1st Sunday in November. Thatmeans we have almost eight months ofdaylight saving, and what keeps me up atnight is that I’m not sure I’m fully utilizingthis saving. I mean, Cupcakes, I don’tthink I’m saving enough of it to be able tospend it in those other four months. Ormaybe that’s not the purpose of it. Whichthen leads me to believe that I shouldmove to Arizona where daylight savingdoesn’t exist, and I could concentrateon saving more in my 401K. Dearestreaders, when the weight of these thoughtsbecomes too much for me (such as rightnow), I generously turn my thoughts toother people’s lives and involve myself inhow they spend or save their time, daylightor not.To start the idle chatter about Realtors

and their whereabouts, I’ll begin withSanta Fe Properties’ addition of their thirdoffice at 216 Washington Ave. (It’s thebuilding across from Santacafé that wasoriginally a cre dit union, then the FrenchQuarter, and subsequently Sotheby’s.)That’s the location Linda Murphy,Cristina Branco and Jan Hamilton chosefor their offices upon returning from theirSotheby’s sabbatical. They were glad to seetheir old friends already there: MarilynFoss and Kevin Bobolsky, David Woodard,Tim Galvin, and Tom Abrams.Linda’s a California Girl who sold real

estate in Manhattan Beach and who’sbeen a Santa Fe Realtor since movinghere in 1990. She used to win prizes at theWednesday-morning MLS meetings forsporting the most exotic outfits. Of course,Pumpkins, that was before the impact ofthe web and when the MLS meeting was asocial event where hundreds of membersof the real-estate industry gathered to

share war stories as well as property info.Mon dieu, mes amies, how last century!(Sob.) To this day, however, Linda remainsa pretty exotic dresser (not dancer).I would say that Cristina is pretty exotic

herself: Portuguese, brought up in Africa,fluent in Spanish, French, Portuguese andEnglish. She moved to Santa Fe in 1994and when she became a Realtor in 1997,we made her swear under oath that shewould never lose her lilting Portugueseaccent, because we didn’t want her to beconfused with the actress Salma Hayek.Cristina complied... there’s an occasionalmix-up anyway.Jan’s been a Realtor since 1987, but

before that she was my favorite bankerwhen the Bank of Santa Fe was my favoritebank (sometimes, Kittens, I’d go in thereand pretend I was opening a savingsaccount or robbing the bank just to jokearound with Jan and try to make her laughwhile she was all dressed up and tryingto look professional). She and Cristinahave been partners in real estate (not tobe confused with partners in crime) forthe last six years, and they make a veryprofessional duo. No kidding.How about men? Hmmm, my question

exactly: do any men ever join Santa FeProperties? Yes, Possums, of course theydo. James Congdon (formerly ColdwellBanker Trails West Realty) surprisedhimself and made his first office jumpsince becoming a Realtor in 1998. James isa very steady and reliable guy - he workedfor 28 years at Brush Ranch School in thePecos before going into real estate - somoving required several extra acupuncturetreatments from his girlfriend, FiquetHanna Duckworth to keep him that way.(Being a “family member,” she let himcharge it rather than expecting payment atthe time of treatment.)Dave Feldt finished his Sotheby’s

sabbatical and returned to Santa Fe

Properties, where he and James both chosethe main location, 1000 Paseo de Peralta,for their offices. Puppies, you may notknow this, but Dave and I are old westernKansas cohorts. He grew up in Grinnell,only a few miles from Oakley where mydad grew up (and from whence I got myname). That part of the country is alsofrom whence Dave got his calm demeanorand reassuring manner, perfect qualitiesfor a successful Realtor. Which he is.More good news. After letting the sun

set on her back, the grass grow under herfeet, and the hair on her head grow longer(see photo insert),Darci Burson hasreturned to us and is now the qualifyingbroker at Keller Williams. A welcomeface back on the scene! Her partner, LizSheffield, moved over there, too. When Italked with Liz last month, they had justreturned from the Keller Williams FamilyReunion in Orlando, and they were sowowed with the KW business model forsuccess that they didn’t even skip out andsneak off to the Magic Kingdom at DisneyWorld.I end today with sad news. Artie Garcia

(Barker Realty) died on Feb. 16th after a37-month battle with a brain tumor. Hewas only 53. Artie’s heart, mind, and spiritwere all focused on one thing: doing untoothers more than he ever expected inreturn. His life was cut far too short, buthe lived a life fuller than most people dowho might live to be 100. If we could all bemore like Artie, the world would surely bea better place.So long, Sweetpeas. Until next time...

Oakley

Oakley can be reached [email protected]

OutandAbout

Howmuch daylight is enough?Webegin with a rather daffy rambling

OAKLEY TALBOTT

Linda proves thatCalifornia Girlsmake good SantaFe Realtors

Branco &Hamilton(the newCagney &Lacey?)

From Brush Ranch toSanta Fe, James hashad a good ride

Dave’s variedexperiences haveserved him well in hisreal estate career

Liz is pumped aboutthe Keller Williamsbusiness philosophy Darci’s fresh new look


HOME MARCH 2012 33

We recently attended a presentationat the Santa Fe Area Home BuildersAssociation that provided good news forthe housing market. The topic was theFHA 203K Loan program. Unknownhere in Santa Fe, these loans have beenaround for over a decade but just recentlyexploded across the nation with 23,000loans originated last year and a 700percent increase in the last 4_ years.What makes these loans so exciting?They allow borrowers to add the costof home improvements into a singlemortgage package. Roughly one-third ofthe properties on the market today areconsidered distressed and buyers do nothave the extra cash necessary to makeimprovements after closing. This is wherethe 203K Loan comes in.For the buyers, it provides a single,

government-insured loan at competitiveinterest rates. Currently, that interest rateis a quarter percent higher than FHA ratesand allows for the standard FHA downpayment, which in some cases may be aslow as 3.5 percent. For properties that areolder and require work, these loans allowthe sellers to market to a greater pool ofpotential buyers. Typically, an older homethat requires a great deal of work willlanguish on the market until an investorcomes along to scoop a deal. A recent studyby Realty Trac showed that investors whopay cash are able to purchase a property for34 percent less than an owner occupant.With the 203K Loan program, that sellercan still obtain a fair market value for theproperty and allow the buyer to make thenecessary repairs and renovations thatwork best for him.The program has two tiers. The

Streamline 203K is intended foruncomplicated repairs and improvements.The minimum loan amount is $500 up tothe maximum HUD limits and may includenew carpet, tile, kitchen renovations, roofrepairs, and even window replacement.The Standard 203K is designed for morecomplicated projects and is a minimum$5,000. Structural issues and projects

that may require more time and permitswould fall under this category and olderproperties may be required to be broughtup to current building codes.So how does this program work? Let’s

say a buyer finds a property but it needswork, lots of work. The buyer has a teamthat includes the Realtor, the mortgagespecialist, and a contractor. Bids are createdfor all the work the buyer wishes to havedone. A contract is negotiated betweenbuyer and seller that reflects the valuein current condition and a contingencywill be necessary to allow for 203K Loanapproval and additional repairs that may berequired by the lender. The appraiser willfactor in the value of the finished repairsand that is the basis by which the lenderwill determine the base loan amount. HUDguidelines have a maximum loan amountof $427,500 for a single-family home.In Santa Fe there are many older homes

on the market that would be perfectcandidates for such a loan program. This isanother great way to not only offer a buyerand seller more choices in this marketbut also to improve property values andrevitalize older neighborhoods. Be sure toget team members who work well togetherand are familiar with these loans, sincethere are strict timelines to adhere to. The203K Loan is the perfect product for ourlocal market, so ask your broker for moreinformation.

Roger Carson andMelissa Pippin Carson areRealtors Carson & Carson at KellerWilliams.Call them at 505-699-3112 or email them [email protected].

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2


34 MARCH 2012 HOME

HIGHWAY 84, AT THE ABIQUIU INN • (505) 685-4646www.abiquiuland.com * Owner is a Licensed New Mexico Real Estate Broker

Give Yourself theGift of Abiquiu

RANCHO QUERENCIA -This lovely 4,300 sq ft pueblostyle hacienda allows you to enjoy the dramatic color ofNorthern N.M. This private 250 acres which borders StateLand has diverse topography of grasslands, mesas and redrock cliffs making it ideal for hiking and riding. This home isthoughtfully and artistically constructed with amenities thatenhance everyday living with an exercise room next to theoutside shower and hot tub, to a kitchen designed for seriouscooks, this home creates an atmosphere of ease and elegance.The guest casita wing, dining room, family room, greatroom and book lined office compliment the 3 bedrooms, 3bathrooms and make entertaining a lovely experience. THISRANCH IS TRULY OUT OF THIS WORLD & ONLY 80MINUTES TO SANTA FE!MLS 201005627 250 ACRES $1,885,000

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

LOt 2 RANCHO DE ABIQUIU – Overlooking the ChamaRiver in Abiquiu, this spacious custom home (2,594 sq ft) wasmade for entertaining. The grand living room leading to thesouthern portal is ideal for enjoying the evening sunsets over theriver. The cook’s kitchen and elegant dining room encourageconversation with friends and family. So many tasteful detailsin this home, with its dramatic entrance, study/library andmaster bedroom suite, will delight the most discriminatingbuyer. The 2 bedroom 2 bath guest house (954 sq ft) is done asnicely as the main house and is so inviting. This incredible24.5acre parcel in the heart of Abiquiu has it all, riverfront (900+ ft),privacy, great hiking and riding in the nearby Carson NationalForest as well as one of the loveliest home in Abiquiu.MLS 201200568 24.5 ACRES $798,000

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