equestrian manor lifestyle

Property ValuesWhen Adjacencies Make A Negative Impact

Delectably DecadentDel Frisco Grille’s Coconut Cream Pie

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Equestrian Manor & Paradise ManorReal Estate Report

July | August 2012

Equestrian Manor

If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net ISSN-1939-9588

• Phoenix Business Journal ranks Kelly #11 in The Phoenix Business Journal Book of Lists out of more than 20,000 Real Estate Agents.

• Graduate Arizona State University 1983

Kelly McLainRealtor

[email protected]

www.kellymclain.com

REAL ESTATE ACTIVITY IN

ADDRESS SQ. FT. / BED / BATH PRICE PER LIST PRICE DAYS ON SQ. FT. MARKET

currently for sale12031 N. 61st St. 3529 / 4 / 2.5 $227 $800,000 4786107 E. Paradise Dr. 13701 / 7 / 10 $197 $2,700,000 110

sale pending6074 E. Sunnyside Dr. 5909 / 4 / 4 $253 $1,495,000 432

Equestrian Manor & P aradise Manor

Equestrian and Paradise Manor sales have been quiet over the past

couple of months. No sales have occurred. One property is pending at

$1,495,000. Only two homes remain on the market. The luxury market

is behaving very differently from the market below $500,000. Supply is

down slightly to just under 2800 active listings but this is still within the

normal range and higher than last summer. However, demand seems to

be strengthening a little as we see pending listings up 15.5% compared

with last year. Pricing is not moving much, with the average sales price

per square foot down 1% between March and April but up 3.7% year-

over-year. Equestrian Manor and Paradise Manor fall right into the same

general luxury trend. Over the past year the average price in Equestrian/

Paradise Manor Estates has increased 1.8%. The luxury market was last

to be hit by the real estate bubble, and will be the last to recover.

Overall the general market in the Valley has increased almost 20% in

price over the past year, while the luxury market has remained relatively

flat. Look for the luxury market to be up 2% to 4% by the end of 2012.

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

The #1 Agent FOR ORANGE TREE & EQUESTRIAN MANOR

WITH OVER 55 TRANSACTIONS!

(c) 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. AZ License # BK-0903998. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.

WJ BRADLEY MORTGAGE CAPITALMike Tompkins,Mortgage Lender

NMLS #2176459237 E. Via De Ventura #100 Scottsdale, AZ 85258

480.421.1151 Direct [email protected] www.wjbonline.com

As the world economy sputters along, home interest rates continue to fall. You owe it to yourself to at least check out your current mortgage situation to see if a refinance is worthwhile. When looking into a refinance, the biggest trap homeowners fall into is the “No Out of Pocket Refinance.” Do not let this term fool you into thinking your refinance is free. There are always fees associated with a mortgage loan and it is just a matter of where the fees are hidden. For instance if you owe $200,000 on your mortgage, you want to make sure your new loan amount at the closing table is not $205,000. The mortgage company simply rolled the closing costs into your new loan thus increasing your loan and term. Ideally you want a no-cost option. This is when you take a slightly higher interest rate to cover all fees and your loan balance stays the same. The other popular option today is reducing the term of the loan. With interest rates so low, a lot of homeowners are reducing their term to 15-year mortgages and their payment is staying the same. Also remember, if your home is underwater you may still be eligible to refinance through the New Harp 2.0 program. Call me for more details. The time is NOW to take advantage of today’s real estate and mortgage market.

Rates Are What????

ThelateLordHaroldSamuel,arealestatetycooninBritain,isattributedtocoiningtheexpression:“Therearethreethingsthatmatterinrealestate.Location,location,andlocation.” MostRealtorswouldagreethatfamousstatementholdstruemuchofthetime.Butwhenislocationnotaplusforsellingyourproperty?Sometimestheverythingthatdrewyoutothepropertyisconsideredadownsidebyapotentialpurchaser.Yourpropertycanbelocatedinasought-afterneighborhoodwithexcellentschoolsandalowcrimerateandevenwiththosepluses,therearesomereasonsyourparticularlocationmaybedifficulttosell.Herearejustafewexamples:•YOURPROPERTYISONAMAJORTHOROUGHFARE.Themostcommonlocationissueiswhenahomeislocatedon,ornear,abusystreet.Whilebuyersmaywanttoliveneartheamenitiesaffordedbythebusystreet(restaurants,shoppingandentertainment),manybuyersdonotwanttocontendwiththeaccompanyingstreetnoiseandtrafficissues.•YOURPROPERTYHASANUNDESIRABLEVIEW.Themostcommonviewsthatbuyersobjecttoareviewsofman-madestructuressuchasawatertower,powerlinesandcelltowers.Inthecaseofpowerlines,buyersmayalsobeconcernedwiththeEMFradiationthatisemittedbythelines.Therehasbeencontroversyoverpowerlineradiationanditseffectonhumanhealthforatleast40years.Theproximitytopowerlinesmaybeamajorfactorinsomebuyer’spurchasedecision.

Anotherviewthatisconsideredbymanybuyerstobeundesirableisaviewofacemetery.Whenyouthinkaboutit,thoseneighborswillnevermakenoiseorthrowabigparty,butmanybuyersarehesitanttopurchasesuchahome.•YOURPROPERTYHASABODYOFWATER(CREEK,STREAM,POND,LAKE,ETC.)LOCATEDONIT.Manypeoplelongtolivenearthewater.Itmaysurpriseyouwhenyougotosellyourhomethatnoteveryoneconsiderslivingnearwateradesirablelocation.Twofactorscanplayintoabuyer’sdecision-makingprocess.First,buyerswithsmallchildrenmaybeconcernedaboutthesafetyoftheirchildrenplayingnearthewater(nomatterhowshallow). Second,buyersmaybeconcernedoverfloodingissuesandimpacttoinsuranceratesforthepropertywhenitislocatedbyabodyofwater.Mostpropertysurveysindicatea100-yearfloodlineasareferenceforwherethewatermayraiseduringaworst-casescenarioflood.Mostmodernbuildingcodesdonotallowstructurestobebuiltinareasofhighriskflooding,butnobuyershoulddependonlocalordinancestoprotecttheirpropertyinvestmentespeciallyifthepropertywasbuiltbeforethoseordinanceswentintoeffect.•YOURPROPERTYHASABACKYARDFACINGWEST.Manybuyersinthesouthwesternstateswouldhesitatetopurchaseapropertywithawest-facingbackyardduetotheextremeheatandsunexposurecomingintheback.Yourbackoutdoorlivingareasmayevenbeunusableduringsummermonthswhenthewesternsun

hasitsgreatestimpact.Ontheotherhand,somebuyersarewillingtooverlookthisissueifthewesternexposureaffordsalovelyviewsuchasmountains,citylights,etc.•YOURPROPERTYISLOCATEDBESIDEANEMPTYLOTORBORDERSVACANTLAND.Unlesstheemptylandisconsidered“greenspace”oranareasetasidethatcannotbebuilton,buyersmayhesitatetopurchasewiththeuncertaintyofwhatcouldbebuiltinthefuturenextdoor.Buyersmayalsonotwanttotolerateconstructionnearbyduetonoiseanddisruption.Sellersmaywanttohaveinformationforpotentialbuyersabouthowvacantlandnearbyiszonedtohelpalleviatebuyer’sconcerns. Factsandinformationarepowerfulsellingtools.WiththeassistanceofyourRealtor,anylocationnegativescanbedealtwithandoffset,thushelpingsmoothoutthesellingprocess.

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GrandCanyonStateGamesVariousLocationsandDatesinJuly480.517.9700|GCSG.orgDothe2012SummerOlympicshaveyouitchingtocompeteyourself?TheGrandCanyonStateGamesisamulti-sportOlympicFestivalforArizonaamateurathletesofallagesandabilities.TheGamesissanctionedbytheU.S.OlympicCommitteeandthereareseveralsportsontapforthe2012SummerGames;fromadventureracingandgolf,tododgeballandswimming.Registeronlinetocompete.

WinterinJulyPhoenixZoo,July21st602.273.1341|PhoenixZoo.orgTakeabreakfromswelteringtempsandenjoyaSaturdaycoolingdownwithover20tonsofsnow!Besidesthefunofwatchingyourfavoritezooanimalsdevourtheirfrozentreatsandrompinginsomesnow,you’llgettothrowsnowballs,cooloffinthewaterplayareasandevenenjoydancing,gamesandprizeswithRadioDisney.Akid’sparadiseforsure!

DateNight:SultrySummerSteakhouseSurLaTable,July28th800.243.0852|SurLaTable.comBreakupyourdatenightroutinewithaneveningoffun,foodandromance.SurLaTableatKierlandCommonsofferscouplescookingclassesandthisparticularsummereveningisallaboutcraftingtheperfectsteakandscrumptiousseasonalsidedishes.Delish!

NeilDiamondinConcertUSAirwaysCenter,August29th602.379.7800|USAirwaysCenter.comNeilDiamond,a2011RockandRollHallofFameinducteeand2011KennedyCenterhonoree,istakinghisgreatesthitsontheroadforhismuch-anticipatedNorthAmericantourwithaone-eveningstopinPhoenix.Expecttohearallofhisgreatesthitsincludinghisownpersonalfavorite,Sweet Caroline.Sweetindeed!

JULY|AUGUST2012

MINI COCONUT CREAM PIE

FeaturingDelFrisco’sGrilleExcitingCuisine|ExpansiveWineList|Hand-CraftedCocktails

602.466.2890|DelFriscosGrille.com

In Good Taste Event Calendar

Family.Whetheryouhavefondmemoriesoffamilyclosenessgrowingup,orperhapscamefromafamilythatfeltdistantanddisconnected,thereisnodenyingthatyourfamilybonds(orlackthereof)haveshapedwhoyouareandhowyouviewtheworld. Mostpeoplewouldagreethatfamilyrelationshipsarethemostimportantthinginone’slife.DesmondTutuoncesaid,“Youdon’tchooseyourfamily.TheyareGod’sgifttoyou,asyouaretothem.”Withthatbeingsaid,doesyourfamilyfeelcloseandloving?Doyourchildrenorgrandchildrenfeelarealsenseofunityandcommunitywithinthefamily?Buildingfamilybondsandstrengtheningrelationshipsisoneofthebestgiftsyoucangivetoyourself,whetheryouhaveyoungchildren,teenagers,orevengrownchildrenwithkidsoftheirown. You’vehearditmanytimesbefore,andnowit’sacliché:“Familiesthatplaytogether,staytogether.”Butit’strue!Spendingtimetogetherinthepursuitoffunandrecreationbringshappinessandsharedjoytoallinvolved.Keepinmind,“playingtogether”needstobejustthat.Cheeringyoursononathishighschoolbaseballgame,orpushingyourtoddlerintheswingattheparkiswonderful,butisn’tas

participatoryasengaginginanactivityWITHthem.TrysettingupagameofFrisbeegolf,orsillysackraceswitholdpillowcases.Orwhenyoutakeyourlittleonestothepark,don’tjustsupervisetheirplay–getinthemiddleofitandhelpbuildthecastlesinthesandbox,orteamuponaladybugsearch. Creatingfamilytraditionsandritualsworkstodevelopyourfamily’sidentity.Astrongfamilyidentitygiveschildrenthetoolstodevelopahealthyself-identity,andgivesthemaclearstartingpointforfindingtheirownplaceintheworld.Traditionsandritualsneedn’t

beelaborate.ItcanbeassimpleasastandingWednesdaynighticecreamrun,oraspecialhighfiveyou’vecreatedforespeciallygoodreportcards.It’sjustsomethingyourfamilyisabletocountonintoday’softenhecticandsometimesdifficultsociety.KnowingthatSundaymorningsalwaysmeanhot,freshcinnamonrolls,orthateveryfallyourfamilyvisitsthelocalpumpkinpatch,increaseseveryone’ssenseofconnectiontoothersinyourhousehold. We’reallbusyanditseemsthatfinding

thetime(ortheenergy)toplaygamesorengageinotheractivitiessuchascookingorreadingtogethercanbedifficult.Welljustrememberthatfamilybondingcanoccurin“thelittlemoments”ofourdayaswell.Atriptothehardwarestorecanalsobethe

timethatyoucatchuponyourson’sgirltroublesandoffer

someadvice.Orcleaninguparoundthehousecanturnintothehighlightofthedayifyoutransform

theactivityfrom“chore”to“fun”whenyouturnonthetunesandmakeadancepartyoutofit.

Oneofthebestactivitiesyourfamilycanengageintogetheristhatofcharitablegiving.Asyouknow,helpingothersmakesyoufeelgood.Decideasafamilyhowyouwouldliketohelpinyourcommunityandthengettoit.Youwillbeamazedatthejoyandsatisfactionthatyourentirefamilyreapsfromyourgoodworks,andtheclosenessandsharedsenseofaccomplishmentthatyourfamilymembersearnisagreatwaytobuildcohesiveness. Havingaplacethatisspecialtoyourfamilyisanotherwayofbuildingabond.Itcanbeacampingspotthatyouvisiteachsummer,afavoriteneighborhoodeatery,yourseasonticketsseats,ahikingtrail,eventhehomeofrelativesthatyouvisitregularly.It’snotsomuchabouttheplaceitself,butthememoriesthatarebuiltthere,thatmatter. Oneoftheneatestideasforbuildingafamilyidentityistocreateafamilymissionstatement.SitdownasagroupanddecidewhatYOURfamily’smissionstatementis.Itdefineswhoyouare,howyoureactinparticularsituations,howyourfamilyinteractswitheachotherandwhat’sexpectedofthefamilyunit. Havingastrongfamilyconnectionhelpseveryone,youngandold,withstandtheinevitablestormsthatlifewillsendourway.It’stheloveandsupportofourfamilythathelpusthroughdifficulttimes,andlife’splentyoftrialsandtribulations.Infact,anoldsayingsumsitupprettynicely:

SIMPLESTEPSTOSTRENGTHENRELATIONSHIPS

Proximity Affects Real Estate Values

COCONUTCREAMFILLING

INGREDIENTS:

1boxvanillapuddingbase

2cupscoconutmilk(orasdirectedonthepuddingmix)

2oz.wholebutter,unsalted

1/2cupshreddedcoconut,toasted

whippedcream

DIRECTIONS:

1. Followrecipeinstructionsandcookallingredientsto

pointofbeingdone.Pourintopre-moldedminipie

tins.Placeintorefrigeratorovernighttoset.

2.Toserve,unmold,placeonplate,pipewhipped

creamontotopofpie,sprinkletoastedshredded

coconutoverwhippedcreamandserve.

WAFERCRUST

INGREDIENTS:

6oz.vanillawafers

1Tbs.sugar

2oz.meltedbutter,unsalted

DIRECTIONS:

1. Infoodprocessor,combineallingredientsandpulse

untilmediumcoarseconsistencyandremove.

2.Press4ouncesofcrustintothe2minispringformpans

andpressintobottomandupthesides.Chillcrust

beforefilling.

Yield: two mini pies