Welcome to Eldorado!

Eldorado, in Santa Fe, New Mexico, is home to some of the most sought-after real estate properties in the county. My name is Lisa Smith and I am a resident and a realtor in this community. I specialize in Eldorado homes for purchase. It is truly a unique community which offers something for everyone: hiking trails, biking, swimming, tennis, basketball, stables, soccer fields, dog park, children’s parks, a 4,000 acre nature preserve and more.

It’s just 20 minutes to the heart of Santa Fe and the art, culture and history our beautiful city offers as well as excellent year-round climate, gorgeous views, clean air and a variety of recreational activities.

There are 2,600 homes on 8,000 acres with about 6,000 residents. Singles, families, artists, couples, sports enthusiasts, writers, historians—you won’t meet a boring person, believe me! Residents have moved here to enjoy the peaceful atmosphere of Santa Fe or just enjoy the beauty of Eldorado.

The homes are primarily pueblo style with a few Northern New Mexico (pitched metal roof) style mixed in.

Eldorado’s Agora shopping center has restaurants, shops and mail services as well as a beautiful landscaped courtyard. Meet your neighbors on the patio at Copa de Oro.

Dues are an extremely low $300 a year and the county maintains the roads. Eldorado also has the top ranked Volunteer Fire Department in the state. Click on covenants for an explanation of the sensible rules and regulations. There are lots of photos to enjoy too.

I would not live anywhere else! Please let me know if you have any questions regarding this wonderful community or the real estate properties available in Eldorado. I would be happy to introduce you to your future home.

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Simply put, Lisa Smith managing the sale of my house was a gift that I will cherish the rest of my life.  Lisa is a woman of few words, and all action and results. She sold my house in one day. She managed every aspect of the escrow superlatively, informing me of actions needed, and always provided outstanding direction, with the most frequent comment being that she had already taken care of it.  It was the perfect escrow. We even closed a week early.  Lisa is one of the smartest, most capable and caring people I have ever encountered. I made a decision early on to just trust her 100%:  to follow her direction and advice without question. It was one of the best decisions I ever made.  She exceeded my highest expectations on a daily basis. There are not words to adequately praise Lisa Smith. And probably equally as valuable as her brilliant execution, Lisa has a heart of gold. My needs were truly No. 1.  It simply doesn’t get any better than Lisa Smith.
Robin Hale, Calabasas, CA

2017 Client Appreciation Party

Last weekend, we had a Client Appreciation Party at our home in Eldorado. A good time was had by all and new residents were able to connect. Most of the guests had purchased a home in Eldorado, a few were from in-town.

Eldorado Real Estate

Youth Symphony Mariachi Group perform at Client Appreciation Party. May 2017

Eldorado Real Estate

Clients arriving

Eldorado Real Estate

And they were fantastic!

Eldorado Real Estate

Guests enjoyed drinks and snacks on portal

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Eldorado Studio Tour 2017

2017 Eldorado Studio Tour

Preview Gallery May 20-21, 16 Avenida Torreon, 9am-5pm | Opening Reception Friday, May 19, 5pm-7pm May 20-21, 2017 10am-5pm

2017 Open Studios – May 20-21, 10am-5pm

2017 Opening Reception – Friday, May 19, 5pm-7pm, 16 Avenida Torreon (at the Max Coll Center, adjacent to the Vista Grande Public Library)

2017 Preview Gallery – May 20-21,  9am-5pm, 16 Avenida Torreon (at the Max Coll Center, adjacent to the Vista Grande Public Library)

The Eldorado Arts and Crafts Association proudly presents the 26th annual Eldorado Studio Tour the weekend of May 20-21. Once again the Tour leads the pack of spring studio tours with the largest number of artist and artisan participants in New Mexico.

The Preview Gallery kicks off the Tour on Friday, May 19, at 16 Avenida Torreon in Eldorado (the Max Coll Center, adjacent to the Vista Grande Public Library), from 5-7 p.m. with an opening reception. You can meet and talk with the artists, ask them questions about their inspiration, immerse yourself in their work, and enjoy music and light refreshments.

Artist genres include painting, ceramics, sculpture, glass, jewelry, photography, digital images, furniture, and fiber and wearable art. Also included are woodworking, mixed media, and recycled art. To enhance the enjoyment of your weekend, visit the Preview Gallery at 16 Avenida Torreon (the Max Coll Center, adjacent to the Vista Grande Public Library) in Eldorado on Saturday and Sunday, May 20-21, from 9 a.m. to 5 p.m. to view a representative piece of each participating artist’s work. You can also pick up a brochure and a map to each artist’s studio.

Directions to the Preview Gallery:
Eldorado is located 12 miles southeast of Santa Fe on US 285, I-25 at exit 290. Go south on US 285 to the second traffic light at Avenida Vista Grande. Turn right on Avenida Vista Grande and then left on Avenida Torreon. Follow the signs to the Preview Gallery.

Please visit this link for additional information.

2017 Eldorado Studio Tour

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Eldorado Real Estate Report – Nov. 2016 – April 2017

Eldorado Real Estate Report – Nov. 2016 – April 2017

Here is the monthly Eldorado Real Estate Report covering the last six months from November 2016 through April 2017. Available homes for sale remain at historic lows. We are seeing an increase in the number of listings as selling season gets underway, but no where near normal levels.

In April:

22 Active Eldorado Properties 

18 Homes Under Contract

18 Sold

– $200 was the average price per square foot in April. Remember this number depends on a wide range of factors –  the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $173 – $200 in the last six months. Some properties sell for as low as $119 and as high as $250.

73 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days. This has ranged from 51 – 188 in the last six months. Homes sold quickly when priced correctly and properly prepared for sale. 

– 98% is the sales price vs. listing price for April. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 95% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive. The 100% figure takes into account that some homes sold above the listing price.

– 408K was the average listing price last month. The average sales price was 379K.

– 1.2 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood. 

If you would like to discuss the current state of the very active Eldorado market, or have questions about this beautiful neighborhood, please let me know.

Number of Homes For Sale vs. Sold vs. Pended (Nov. 2016 – Apr. 2017)
Average Price per SQFT (Sold) (Nov. 2016 – Apr. 2017)
Avg Days On Market & Sold/List Price % (Nov. 2016 – Apr. 2017)
Average Price of For Sale and Sold (Nov. 2016 – Apr. 2017)
Months of Inventory Based on Closed Sales (Nov. 2016 – Apr. 2017)
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published May 2017, based on data available at the end of April 2017. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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Eldorado Real Estate Report November 2016-April 2017

Sign up to receive the monthly Eldorado Real Estate Report and weekly Santa Fe Events Calendar.

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Here is the monthly Eldorado Real Estate Report covering the last six months from November 2016 through April 2017. Available homes for sale remain at historic lows. We are seeing an increase in the number of listings as selling season gets underway, but no where near normal levels.

In April:

22 Active Eldorado Properties 

18 Homes Under Contract

18 Sold

– $200 was the average price per square foot in April. Remember this number depends on a wide range of factors –  the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $173 – $200 in the last six months. Some properties sell for as low as $119 and as high as $250.

73 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days. This has ranged from 51 – 188 in the last six months. Homes sold quickly when priced correctly and properly prepared for sale. 

– 98% is the sales price vs. listing price for April. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 95% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive. The 100% figure takes into account that some homes sold above the listing price.

– 408K was the average listing price last month. The average sales price was 379K.

– 1.2 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood. 

If you would like to discuss the current state of the very active Eldorado market, or have questions about this beautiful neighborhood, please let me know.

Best,
Lisa Smith
Santa Fe Properties
Top Producer 2016
505-570-5770 – cell
Number of Homes For Sale vs. Sold vs. Pended (Nov. 2016 – Apr. 2017)
Average Price per SQFT (Sold) (Nov. 2016 – Apr. 2017)
Avg Days On Market & Sold/List Price % (Nov. 2016 – Apr. 2017)
Average Price of For Sale and Sold (Nov. 2016 – Apr. 2017)
Months of Inventory Based on Closed Sales (Nov. 2016 – Apr. 2017)
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published May 2017, based on data available at the end of April 2017. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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Construction Industry Booms in New Mexico

Construction industry booms in N.M.

With work underway on a Facebook data center in Los Lunas, a major rapid transit project in Albuquerque and hospitals and roads in Santa Fe, New Mexico’s construction industry is off to one of its best starts in years.

The number of construction jobs statewide in March hit 46,000 — the highest since the middle of 2009. The jump from February employment represents an increase of 3.4 percent, the best gain in the United States, according to the U.S. Bureau of Labor Statistics.

That’s nowhere near the peak for the state, which saw 60,000 industry jobs just before the recession in 2007-08, but March numbers are higher than the past few summers and the best in 90 months.

With the state budget facing spending cuts, it’s too early to tell whether the trend will be enough to offset shortfalls in areas such as retail or manufacturing, but preliminary data show construction is helping the city of Santa Fe’s bottom line. Construction-related payments from the gross receipts tax are up 11 percent in fiscal year 2017 compared with the same period in 2016 — that’s a boost of $780,000.

In the village of Los Lunas, construction is well underway on the new data storage center for Facebook. The work so far is dirt moving, trenching and utility extensions, but this summer the first building of a million square feet will start to take shape, said Ralph Mims, director of economic development for the village.

Over the next several years, the site will see anywhere from 200 to 1,000 construction workers a day. “If they go ahead and do all six buildings, we’re looking at nine years of construction,” Mims said.

In Santa Fe, the city is seeing ongoing work at the new Presbyterian Healthcare medical center in Las Soleras near Interstate 25 and Cerrillos Road, as well as an expansion of Christus St.Vincent Regional Medical Center on St. Michael’s Drive.

Both sites have large cranes, something not seen in Santa Fe since completion of the New Mexico Rail Runner tunnel at St. Francis Drive.

Another high-profile project is a retirement center north of N.M. 599 at the intersection of Avenida Aldea and Camino Botanica. Houston-based PinPoint Commercial is building The Legacy at Santa Fe with a total of 84 units offering a mix of limited assistance, traditional assisted living and memory care

The facility also will house a restaurant, a movie theater, a general store, a gym and a library. The company has other facilities in Texas, Florida and Georgia.

Another retirement complex along Caja del Rio Road in the unincorporated area was set to break ground this spring. The Place at Caja del Rio has been given full development approval by county commissioners with plans to complete it in phases over five years.

The initial phase will open in 2021 and, when completed, will have 180 units for independent living, 200 for assisted living, 120 skilled nursing beds and 80 units for memory care, according to information on file with Santa Fe County. The project is being developed by Cauwels & Stuve Construction of Albuquerque.

Closer to downtown, Vital Consulting Group is installing concrete beams and approach slabs across St. Francis Drive for the new underpass of the city’s Acequia Trail. The entire project is expected to be complete by the end of September and has its own Facebook page — AcequiaTrailUnderpass.

The city also has started work replacing the narrow DeFouri Street bridge over the Santa Fe River. The $500,000 project will replace the span between West Alameda and Alto streets that was built in the late 1930s and reconstructed in 1959.

That work continues through the summer and will require some traffic detours around the work zone just west of downtown.

Homebuilding is also picking up in Santa Fe, said Kim Shanahan of the Santa Fe Area Home Builders Association. He said a project by the Pulte Group in Las Soleras is advancing quickly and will eventually have 300 homes. Pulte also recently purchased a tract of land for higher-end, single-family homes in Las Campanas, according to Shanahan.

Twilight Homes and Palo Duro are building new homes in Cielo Azul off Aga Fría Street near South Meadows Road. Also on the south side, the Santa Fe Housing Trust and Homewise have more affordable projects moving forward.

“We signed up 15 homes yesterday for the Parade of Homes,” Shanahan said of the annual new-home tour in which builders highlight their inventory. He expects if building continues at the current pace, the home tour will be bigger than last year.

In Albuquerque, the city’s newest hotel opens next week in Old Town. The Hotel Chaco by Heritage Hotels is 118 rooms and five stories with a price tag of $40 million.

Albuquerque is also in the middle of a bus and mass transit redevelopment project along Central Avenue known as ART — Albuquerque Rapid Transit. The $120 million project, a headache for drivers and businesses, will include new buses, but construction spending alone is $86 million, said Joanie Griffin, project spokeswoman.

“At any given time, there are 350 workers” on the project, she said. Many live in Albuquerque and can now work without having to travel, she added.

“Everything is local except for the buses. Obviously, we don’t have bus manufacturers here.”

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Eldorado Real Estate Report – Oct. 2016 – March 2017

Eldorado Real Estate Report – Oct. 2016 – March 2017

Sign up to receive the monthly Eldorado Real Estate Report and weekly Santa Fe Events Calendar.

  • optional
  • required
Here is the monthly Eldorado Real Estate Report covering the last six months from October 2016 through March 2017. Available homes for sale remain at historic lows. If you are considering listing your property, now would be an ideal time before the Summer selling season gets underway and more competition comes on the market. We are seeing a small uptick in the number of listings in the Spring, but no where near normal levels.

In March:

15 Active Eldorado Properties 

18 Homes Under Contract

10 Sold

– $184 was the average price per square foot in March. Remember this number depends on a wide range of factors –  the size of the house, age, quality of the finishes, views, heating, construction, etc. The larger the house, the lower the price per square foot. The smaller the house, the higher the price per square foot. This average has ranged from $175 – $188 in the last six months. Some properties sell for as low as $119 and as high as $250.

51 were the average days on the market last month. This includes the number of days the property was under contract which is typically 30-45 days. This is down from 188 days in February. Homes sold quickly when priced correctly and prepared for sale. 

– 100% is the sales price vs. listing price for March. This is the listing price when the property went under contract, not the original listing price, which may have been higher. This has ranged from 95% – 100% for the last six months. The sooner a property goes under contract, the closer to the listing price the seller is likely to receive. This 100% figure takes into account that some homes sold above the listing price.

– 415K was the average listing price last month. The average sales price was 372K.

– 1.5 months of inventory – which means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Eight months indicates a healthy real estate market. Eldorado remains a popular and in-demand neighborhood. 

If you would like to discuss the current state of the very active Eldorado market, or have questions about this beautiful neighborhood, please let me know.

Number of Homes For Sale vs. Sold vs. Pended (Oct. 2016 – Mar. 2017)
Average Price per SQFT (Sold) (Oct. 2016 – Mar. 2017)
Avg Days On Market & Sold/List Price % (Oct. 2016 – Mar. 2017)
Average Price of For Sale and Sold (Oct. 2016 – Mar. 2017)
Months of Inventory Based on Closed Sales (Oct. 2016 – Mar. 2017)
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*All reports are published April 2017, based on data available at the end of March 2017. All reports presented are based on data supplied by the Santa Fe MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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Best Sunset Views in Santa Fe

Best Sunset Views in Santa Fe

Best Sunset Views in Santa Fe

1
Cross of the Martyrs

Cross of the Martyrs

The 25-foot-tall reinforced concrete cross sits on top of Paseo de la Loma Hill in Fort Marcy Park and commemorates the 21 Franciscan priests and many more Spanish colonists who died during the Pueblo revolt of 1680. Easily accessible via a gently sloping staircase that starts on the eastern corner of Paseo de Peralta, the summit provides both a close-up of the adobe walls and giant cottonwood trees of downtown Santa Fe and giant vistas of the Jemez Mountains in the west beyond.

2
Santa Fe Scenic Overlook

Santa Fe Scenic Overlook

Start out a half-hour before sunset to give yourself time to drive the 18 miles up windy New Mexico 475 from Santa Fe through the towering Ponderosa Pines of Hyde State Park. The whole way up you’ll have ever-shifting views of the Sangre de Cristos ahead and the Jemez Mountains. At the Overlook, a parking area with a fence between the cars and a steep abyss a half-mile before you hit Ski Santa Fe, pull off to enjoy the massive western panorama.

3
Rooftop Pizzeria

Rooftop Pizzeria

On the top floor of the Santa Fe Arcade, Rooftop Pizzeria has a height advantage over other outdoor restaurants. Ask to be seated along the west-facing bar on the patio and you’ll have unhindered sunset views to the Jemez Mountains. Order the Number Four pizza (smoked duck, green pepper corns, spinach, basil, roast garlic, and four cheeses) on a blue corn artisan crust and a bottle of rosé.

4
Picacho Peak

Picacho Peak

Not many cities have an 8,577-foot peak out the back door. Don’t let the hour-long climb to the summit of Picacho deter you. This two-mile (one way) hike on a well-maintained trail is a fast track to joy—at the top, take your pick of two views: One overlooking the city, the desert, and Albuquerque’s Sandia Peak in the far off distance, the other overlooking the Jemez to the west and the forest-green, rolling carpet of the Sangre de Cristos to the northeast.

5
Atalaya Trail

Atalaya Trail

More popular than Picacho, Atalaya starts behind St. John’s College and is a straight 3.0-mile shot up to the 8,800-foot summit. It’s a lot of vertical—1,800 feet— in a short spurt, but the payoff is nice. On the top you’ll find a few slabs of west-facing rock—the ultimate place to watch the sun go down over Santa Fe.

Below is the link to the complete Travel + Leisure story about Santa Fe.

http://www.travelandleisure.com/local-experts/santa-fe/best-sunset-views-santa-fe


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Eldorado – Weakened by climate changes, piñons under attack

Eldorado – Weakened by climate changes, piñons under attack

Piñon needle scale covers a tree near Museum Hill on Monday. The tiny bugs make the needles brown and brittle. Luis Sánchez Saturno/The New Mexican

Black gnats swarmed at the base of an old, gnarled piñon tree. Many of its dark green needles had been drained of their color and pliancy and were pocked by tens of microscopic bugs. Brittle and tan, the needles broke easily between Mark Pennington’s fingers.

Pennington said he noticed the first signs of the piñon needle scale infestation last week and since has been spraying the old tree at the Agua Fria Nursery with water and a horticultural oil called dormant, trying to kill off the new generation of the scale before it can reproduce.

The piñon — the official state tree, known for its nuts and its distinctive aroma as firewood — is under attack again in Santa Fe because of New Mexico’s warming and drying climate, which can leave the tree vulnerable to bug infestation. It isn’t yet known how severe the problem may become.

“It’s definitely getting worse with a lack of winter cold and a lack of winter moisture,” said Pennington, whose family has owned the nursery on Agua Fría Street since 1975.

“If the weather continues to be warmer and drier, everything we are used to seeing here is going to change,” he said.

State scientists and local botanists say a number of signs indicate piñons in Northern New Mexico and other areas of the state are under increasing strain this year.

“Pine needle scale is all over Santa Fe,” said Scott Canning, director of horticulture for the Santa Fe Botanical Garden. “Last year, it was widespread; this year it is even more widespread,” he said.

Canning said pine needle scale goes after trees that are stressed from inadequate water or drastic fluctuations in temperature. “Our climate is warmer and drier than it was; certainly that is not up for debate,” he said.

The last incident of dramatic piñon die-off happened in 2013, when ips beetles attacked the trees during an extended period of drought, killing off millions of trees and leaving the brittle remains to become a widespread fire hazard. In 2002, the bark beetle preyed on drought-weakened piñons, decimating larger numbers of trees in Northern New Mexico and leaving wide gaps in tree cover along the foothills.

Canning said the best way to prevent scale from developing is to water piñons monthly during drought; if an infestation is in progress, he agreed that Pennington’s method — to routinely spray a tree with water or smother it with dormant oil — is the best way to kill off the bugs.

“The scale has been here; it is a not a newly introduced pest,” Canning said. “But right now, the conditions seem to be right for it spreading widely across Santa Fe.”

The first three months of 2017 are on track to be the third-warmest start of any year on record for Santa Fe and Albuquerque, according to meteorologist Randall Hergert with the National Weather Service in Albuquerque. He said forecasts for the coming months point to higher-than-average temperatures and drier conditions, which can lead to evaporation of snowpack, diminishing the amount of runoff and impacting vegetation.

“New Mexico is not in any abnormally dry c0ondition [now], but that is likely to change,” he said.

Driving through the foothills of Santa Fe, the piñons are highlighted in a flaxen hue, as if they’ve been tanned by the sun in uneven clumps. Up close, many are dotted with the black scale females eating away at the sap in the pine needles; the males are winged. When they mate, they coat the piñon bark in white film, like dryer lint. But that won’t be visible until later this spring.

The yellowing of the needles is the result of die-off created by infestation last year, which also saw a low-moisture spring season. It is also indicative of a pattern, said Carol Sutherland, an entomologist at New Mexico State University.

“It looks like you could just scratch [the scale] off with your fingernail, but there are millions and millions and millions on your tree,” she said. “If it doesn’t look good this year, it’s not going to look good next year.”

Cold years can snuff out piñon needle scale and other insidious bugs, but in warmer years, they are more likely to thrive, she said.

Natalie Goldberg, head of the Extension Plant Sciences Department at NMSU, said piñons should be green right now with full, bushy branches of needles.

“We have fooled ourselves, to some degree, with thinking native plants can’t be stressed in a native environment,” she said. “But when that environment changes from what is considered normal, those plants can be stressed.”

While the trees can survive on between 6 and 8 inches of water, parts of the state have consistently received less than 3 inches annually.

She says a tree can recover from a single year of premature needle drop (when the piñon needles fall in the spring instead of the fall) but year after year, the trees lose their ability to grow new needles and become more susceptible to disease and insect infestation.

A study published in 2015 and conducted in part by scientists at Los Alamos National Laboratory found that an increasingly warm and dry climate in the Southwest, consistent with global warming, would lead to widespread piñon and juniper tree death in New Mexico by 2050 and could entirely wipe out the population by 2100.

“We have had long periods of drought that have taken its toll over time,” Goldberg said. “Whether or not that is part of a larger change in the ecosystem, I am not really qualified to say.”

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"Lisa is competent and professional. She knows her facts or will quickly find out. She is in close communication with her clients -always in a pleasant ... more "
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Eldorado Studio Tour

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