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Santa Fe, NM South Capitol Condo

Living Room with Kiva Fireplace

Living Room with Kiva Fireplace

This darling South Capitol condo with a short-term rental permit is now available for sale. NO CONDO FEES.

The City of Santa Fe is no longer issuing short-term rental permits and there is now a waiting list. Only 300 were ever issued. Because this property is frequently rented, the owner prefers to sell this privately, so this property will not be on the MLS. This is a turnkey investment opportunity with a proven track record on Vacation Rentals By Owner (VRBO.com).

If you don’t live here yet, this would be the perfect investment so you are able to generate income during the time you are not in town. If you do live here and want your money to work for you, this is an excellent project. Upgrades from our buddy at Marco/Amarco Plumbing and his home renovation friends include new stucco, new windows, plumbing, roofing of casita and carport, complete redo of outside areas with flagstone and moss rock, interior paint and bath renovation. All appliances are from 2006 and 2007. LG single unit washer dryer ($1600), 2011 new tankless hotwater unit ($2200). ,Walking distance to all that is Santa Fe including the Railyard, Farmers Market District, Plaza, Canyon Road and Old Santa Fe Trail.

The VRBO.com number is 324589. There you can see the positive comments from previous guests and the complete booking calendar for 2012. Buyer will receive the balance of VRBO membership and roster of all past guests. Extras – Direct TV, wireless high-speed internet through Century Link, window air conditioner. All kitchen supplies, linens, towels. Storage area in carport.

Rental Rates:
High Season – May – October. Weekly rate of $775 or $120 – $150 per night with a three-night minimum.
Low Season – November – April. Weekly rate of $675 or $105 – $135 per night with a three-night minimum.
Price: 288K includes all furnishings.
Property taxes approx. $1,700 per year.
Utility bills are reasonable and available upon request.
Owner is a broker.

If you would like to set up a private showing or would like more information on this wonderful investment opportunity, please call or email me.

Lisa Smith
Santa Fe Properties
505-570-5770

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Santa Fe Gets Nod Again as a Top Destination

Santa Fe Gets Nod Again as a Top Destination

| The New Mexican

 

Every year for the last 17 years, Travel + Leisure has polled its readers for the locations that represent the very best in travel for the magazine’s World’s Best Awards. In 2012, Santa Fe is included for the 11th consecutive time as a top-10 favorite for U.S. and Canadian travel destinations.

Clearly, the city is an enduring favorite with the publication’s large group of sophisticated and passionate travelers. This year, Santa Fe is ranked as the sixth most popular travel city in North America by the magazine’s travel-savvy readers, an email stated.

In the 2012 poll, for the first time, the magazine created a Hall of Fame recognition for the 97 destinations, resorts, and hotels that have been included as winners for a decade. Santa Fe is now in the T+L Hall of Fame.

“The continuing attention Santa Fe receives as an outstanding travel town is a credit to the Santa Fe Convention & Visitors Bureau, our entire hospitality industry, and the city’s many attractions,” Santa Fe Mayor David Coss said in a statement.

For 2012, the top 10 U.S. and Canadian cities in the opinion of T+L readers are: 1. New York; 2. Chicago; 3. San Francisco; 4. Charleston, S.C.; 5. New Orleans; 6. Santa Fe; 7. Vancouver, British Columbia; 8. Savannah, Ga.; 9. Quebec City; 10. Honolulu.

New York was given an overall score of 88.12. Santa Fe received an overall score of 85.04.

In addition, the Rosewood Inn of the Anasazi made the World’s Best Awards list for Top Small City Hotels in the Continental U.S.

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Legal Tender is Open!

Greg Jednak serves dinner to Sheila Cox, Colleen and Larry Lopez and David Cox, from left, at the Legal Tender in Lamy. The restaurant, open Thursday through Sunday, is run as a nonprofit. The wait staff is all-volunteer; only the cooks are paid. – Jane Phillips/The New Mexican

A sign for the newly opened Legal Tender. – Jane Phillips/The New Mexican

Willi Haye and Bill Davis dance Friday to the Buffalo Nickle band at Legal Tender. – Jane Phillips/The New Mexican

Legal Tender reopens in Lamy
Andra Cernavskis | The New Mexican
Posted: Monday, July 16, 2012– 7/16/12

 

Just 18 miles south of Santa Fe, a piece of history has been restored.The Legal Tender Saloon & Restaurant in Lamy reopened in March after 14 years.

The reopening of the beloved saloon is due in large part to the efforts of Cindy and John Jednak, according head chef Charles Thompson. But it was also a community effort.

The couple ceaselessly fundraised throughout the communities of Galisteo and Eldorado, and the people responded.

The restaurant is now back in full swing Thursday through Sunday.

“We are still trying to carry on the tradition. We have two-step Thursdays. We have bands every Friday, Saturday and Sunday. For brunch on Sundays, we have bands come play on the patio. We have different bands, from country to rockabilly,” Thompson said.

There is a stage in the main dining room, and all of the bands that perform are local.

The place still maintains its Old West saloon atmosphere. One of the only new things about the building is the new fire system. The bar still maintains its 1880s glamour, and the poker room in the back still sports bullet holes that have been there for decades. Every Thursday night, one can still find people playing a game of Faro back there, despite of betting at https://uk.mansionbet.com/sports/greyhounds/ has got so popular recently.

The atmosphere brings in a diverse crowd, according to Thompson. Anyone from tourists to local cowboys will come in on a given night. “It’s funny, you’ll come in on the weekend, and you will see the whole bar lined up with cowboys in cowboy hats drinking wine. I walk out there and see cowboys drinking wine and think ‘What’s wrong with this picture?’ ” he said, laughing.

The Legal Tender hosted a large Fourth of July barbeque at which bands also played. That brought out a crowd of about 500 strong. Another barbeque is in the works for Labor Day weekend.

The activity is drawing people who were regulars years ago.

“We have people who came here back in the 1980s coming back and saying how glad they are that this place has reopened,” Thompson said. “It’s nothing but fun.”

And, of course, there is always the food. The menu at The Legal Tender is one that is always changing based on what is in season, according to Thompson. He likes to bring in food from the local farms and integrate it into the menu so as to stay local and sustainable. He also takes a trip to the fish warehouse in Santa Fe every weekend to pick up the freshest catch for the weekly fish specials.

If the food and music is not enough, diners can also visit the Lamy Railroad & History Museum, which resides in the same building and contains a lot of railroad artifacts from the time when Lamy was a railroad town.

Both the museum and restaurant run as nonprofit organizations. The Jednaks have made the restaurant one of their projects through their nonprofit, Learning Mind, which focuses on promoting education for underprivileged youth.

This means that all of the people who work in front of the house are doing so on a purely volunteer basis. The only paid staff is the kitchen crew.

According to Thompson, the volunteers are people who really just want to see the place open and busy again. “They just like what they do. … It puts Lamy back on the map and brings people out to the town. It was such a dead town for such a long time,” he said.

There are about 15 volunteers, and they range in all ages. On weekends, you will sometimes see Peter, an 8-year-old, bussing tables.

The entire operation also still runs on donations. Thompson pointed out the umbrellas on the patio, which were all donated by customers and have the donors’ names on them.

As the only business currently residing in Lamy, it certainly is a community affair.

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Welcome Meekers – New Eldorado Homeowners

Hey there Lisa,
 
I just wanted to drop you a note to let you know how much we love Eldorado and the lifestyle here!  I went to the Farmer’s Market yesterday for the first time and absolutely fell in love.

We have visited the pool too – awesome , and the dogpark , of course.  The Agora is just the best and most convenient.  The restaurants good too, and I have discovered the Consignment Shop- I’m going broke cause I keep buying stuff in there. I am taking “Wheel throwing”  classes at Santa Fe Clay.  I also have started painting … fun, fun, fun.  We bought some backpacking equipment which we have not used yet too.  
  
Hope you are well, and thanks for all the support in getting this house. We just adore it , and the climate , and portals, our views are incredible , and lets talk about our deluxe shower too.  Heaven!

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Home Sales Up; Median Prices Down in Santa Fe Area

Pueblo Revival Eldorado Home

Pueblo Revival Eldorado Home

The median sales price for homes in the Santa Fe area — including both the city and the county — dropped 6.8 percent between the second quarter of 2011 and the second quarter of 2012, the Santa Fe Association of Realtors reported Thursday.

The median sales price in the combined city and county data for the second quarter of 2011 was $359,000 compared to $334,450 for the first quarter of 2012.

Dan Wright, 2012 president of the Santa Fe Association of Realtors, attributed that change to the gradual drop in the market since the peak in 2007, when the median price hit about $420,000.

“We’re at the tail end of the decline in the market,” he said. “Personally, I don’t think it will continue to go down at this point.”

The total number of homes sold in the second quarter rose by 5.6 percent, from 318 units in 2011 to 336 units in 2012.

But the total value of those home sales sank from $151.9 million in 2011’s second quarter to $144.9 million in 2012’s second quarter, which Wright said creates a more advantageous market for buyers.

Second-quarter sales of condos and townhomes also rose, to 74 units from 60 units. The median price rose from $237,188 to $245,000. Wright said low interest rates may have helped boost the market.

“The Santa Fe housing market is picking up with sales modestly over last year,” he said. “The historically low interest rates are helping to get buyers motivated.”

The inventory of available homes sank by 15 percent in comparison to the second quarter of last year. Coleen Dearing, vice president of the association, said that can be attributed to people pulling their homes off the market or people who have decided to take advantage of low refinancing rates. Dearing also said the increase in home sales has affected the inventory rate.

According to calgary housing property manager another notable is the number of young homeowners, in the 23 to 25 age range, has risen for the first time in five years, according to Gilbert Garcia, a mortgage professional with Century Bank. He said organizations that can help lower the down payment, such as the New Mexico Mortgage Finance Authority or the Santa Fe Housing Trust, coupled with low mortgage rates, have helped young people get into the housing market.

Garcia added that banks are indeed lending, though the process requires more documentation of financial information than in years past.

“It’s not harder,” he said. “It’s just more.”

Garcia also said banks in the area have seen the foreclosure rate slow down while the refinancing of mortgages and new purchases of homes have been on the rise.

“The number of foreclosures is not leveling off, but it’s slowed down a bit,” he said. “But it’s going to get tougher before it gets easier.”

Need help with your finances?
Contact Chris Quintana at 986-3093 or cquintana@sfnewmexican.com.

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