Valley Real EstateWhat Does 2013 Have in Store?

Signature Cuisine from a Venerable Valley FavoriteLON’s at The Hermosa’s Pork Tenderloin

La Buena VidaReal Estate Report

Ideas to Freshen Up Your Interior Design

January | February 2013

La Buena Vida

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

Address Sq. Ft. / Bed / Bath Year Built List Price List Price per Sq. Ft.

CURRENTLY FOR SALE:

33014 N 60TH WAY 2,616 / 3 / 2.5 2000 $430,000 $164.37

6022 E OLD WEST WAY 3,079 / 5 / 3 2000 $439,500 $142.74

6021 E OLD WEST WAY 3,424 / 5 / 2.5 2000 $459,900 $134.32

6105 E SMOKEHOUSE TRL 3,424 / 5 / 2.75 1999 $479,900 $140.16

SALE PENDING:

6034 E PALOMINO LN 3,877 / 4 / 3 1999 $439,900 $113.46

Address Sq. Ft. / Bed / Bath Year Built Sold Price Sold Price per Sq. Ft. COE

RECENTLY SOLD:

6113 E PALOMINO LN 3,711 / 4 / 2.5 2000 $350,000 $94.31 11/28/2012

33224 N 61ST PL 3,661 / 4 / 2.5 1998 $382,000 $104.34 11/20/2012

6038 E PALOMINO LN 3,579 / 5 / 3 2000 $435,000 $121.54 11/20/2012

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

REAL ESTATE ACTIVITY IN La Buena Vida Estates

Happy New Year, neighbors! As we start the year 2013, let’s take a quick review of 2012. A shortage of homes for sale, record low interest rates and affordable purchase prices caused bidding wars in 2012. ARIZONA RANKED #1 in the nation for gains in home prices. Home prices in Phoenix area rebounded at the highest rate of any metro area in the country during the past year. Across the nation, prices increased in 18 of 20 cities over the 12-month period. In Phoenix, prices jumped 20.4% over that stretch to lead all cities, Standard & Poor’s/Case-Shiller reported. FORECLOSURE DISCOUNTS HAVE VANISHED IN PHOENIX. “The smallest foreclosure discount is found in places where competition for homes is so high, people there are willing to pay the same amount for a foreclosure re-sale that they would for a non-distressed home simply to take advantage of historic affordability,” says Stan Humphries, Zillow’s chief economist. The smallest foreclosure discounts can be found in: Las Vegas (0%); PHOENIX (0%); and Sacramento (0.7%). LESS PHOENIX-AREA HOMES HAVE UNDERWATER MORTGAGES. Slightly less than half of homeowners throughout metro Phoenix are now underwater on their mortgages, according to a report by Zillow in November. About 45% of Valley homeowners were underwater during the third quarter – a 13% drop from the two previous quarters when slightly more than half were underwater. Check with your mortgage company to see if you qualify to have your PMI (Private Mortgage Insurance) removed from your monthly payment. One of my clients saved over $200/month! Call Patrick to see if you can refinance at a lower interest rate and reduce your monthly payment.

Facebook.com/LaBuenaVidaEstates

Kelli GrantYour La Buena Vida Estates Specialist

Call or Text: (602) 799-5420 Kelli@ScottsdaleHomeResource.com www.ScottsdaleHomeResource.com

PLATINUM PREMIER REALTY

Kelli Grant is proud to be a Preferred Realtor helping W.L. Gore employees buy homes and relocate to the area

from all over the country every month.

Real Estate Status as of December 16th: 4 ACTIVE LISTINGS / 1 PENDING SALE in La Buena Vida Estates. Year-to-Date, 19 properties sold in 2012 through MLS. 3 properties closed sale between Oct 16th and Dec 16th at an average of $106.73/sq ft compared to the overall annual average of $110.09. If

you are thinking of selling, contact me for a complimentary Value Analysis. As your neighborhood real estate expert, we can discuss your options and a proactive strategy to sell your property for the highest amount possible.

85266 currently has 168 active listings. Year-to-Date, 366 properties sold in 2012 through MLS. 67 properties closed sale between Oct 16th and Dec 16th at an average of $188.50/sq ft compared to the overall annual average of $185.16.

Patrick ObluckTeamwork . Empowerment . Positivity . Excellence

Patrick ObluckMortgage Banker | MLO #197206

Cell 480.231.2354 www.LoanManAZ.com

34406 N 27th Dr., Suite 140 Phoenix, Arizona 85085NMLS - 322405 | AZ BKBR-0116448

Licensed by the Department of Corporations under the California Residential Mortgage Lending Act

Pinnacle Capitalmortgage corporation

HAPPY NEW YEAR!One of my resolutions for 2013 is my commitment to create awareness of local charities. I started working with a group

called North Valley Community Outreach. Our goal is to host events that will benefit local groups here in our little part of the

desert. Our first event was a wine tasting with the proceeds helping the Foothills Food Bank. Our next event is coming up

in a few weeks and proceeds will benefit a local horse rescue. Visit Facebook.com/AZNVCO and like the page for more

information on this and other events.

Like our page and list your favorite local charity for a chance to win a $50 gift certificate to Vino 100.

Makingahomeunique,special,andpersonallyintuitivearechallengeseveryhomeownerencounterswhetherthehomeis1,500squarefeetor15,000squarefeet.Often,ahomeneedsjustatouchofglamour,orspecialvisualinterests,totakeitfrom“nice”to“knock-out!” Nomatterthesizeofthehomeorspace,therewillalwaysbecommonissuestocontendwith.Forexample,howtobringinteresttothatspace?Whatwillmakeahomeorspacestandapartfromanotherone?Howshouldlargespacesbefashionedtofeelmoreintimate?Howcansmallerspacesfeellarger? Designingahomeorspaceproperlycanalsobequiteaninvestment.Ifandwhenahomeownerdecidestoselltheproperty,thehomeshouldstandalonefromtheotherchoicesonthemarket.Creatingfascinatingandcompellingdetailsisoptimum,inthatthoseremarkableelementsandappealingdesignchoiceshopefullywillremaininthememoriesofthosewhoareviewingyourhome. Inmanyinstances,atouchofdramaisagreatwaytocreateinterestingspaces.Thetrickthough,istounderstandexactlywhatthatmeansandhowtoachieveit.Forlargerspaces,thereisusuallyabitofastrongerchallenge,butproperlydesigningthespacewillcertainlyincludefocusingonatleastoneareaintheroomtoaddthattouchofdrama.Fireplaces,interestingart,importantpiecesoffurniture,beautifulviewsandconversationareaswillhelpdeterminethosefocalpoints. Theoppositewillbetruewhendesigningsmallerspaces.Inthiscasethechallengeisusuallytomakethespacefeellarger.Thebestwaytoachievethismaybetosimplify.Forasmallerspace,thismaybeachievedbydeterminingafocalpointintheroomandaddressingitwithsomethingthatwilldemandattentionwhensomeoneentersthespace. Whenincorporatingsomedrama,youmighttakeacuefromcurrentdesigntrends.Forcolor,the“newneutral”isdefinitelygray-notanicygray,butmoreofawarmgray.Thatgrayisbeingpairedwithallsortsofotherfashionablehuessuchasyellow,applegreen,andpurple.

Organicshapesversusgeometricorlinearlinesareon-trendnowandcanbeseeninfurnishings,fabricsandevenwalldécor.Wallpanelsinallsortsofmaterials,shapesandpatternsareawaytomakeabigimpact.CheckoutInterlockingRockpanelsbyModularArts.comforinspiration. AstatementheadboardintheMasterBedroomisanothersurewaytocreatedrama.Theseheadboardscanbeupholsteredinallsortsofgorgeousfabrics,craftedfromwoodorevenmadeoutofleather-upholsteredlargemosaicpieces. Often,theuseofinterestingtextureisallthat’snecessary.Asimplewallorothermundanearchitecturalelementcanbeabsolutelytransformedwiththeapplicationofmaterialssuchasstone,metal,tiles,crystals...theoptionsareaslimitlessasyourimagination! Now,getyourimaginationworkingonoverdriveandplantoputalittlepanacheinyourhome’sdesignaswell!

Debra May Himes, Principal of Debra May Himes Interior Design & Associates, LLC can be reached at 480.497.2699 and DMHDesign.com.

By Debra May Himes, ASID, LEED AP

PORK2wholeporktenderloins,trimmed,reservetrimmingssaltandblackpepper

ProcedureBrowntheporktenderloininahotpanandplaceina350degreeovenfor12minutes.Allowtorestoutsidetheovenforfiveminutesbeforeslicing.

SWEETPOTATOMASH2largesweetpotatoes,cutintosmallpieces11/8tsp.cinnamon1/4lb.butterpinchofsalt

ProcedureBoilandmashpotatoes.Mixinthecinnamonandbutter.

BABYGREENBEANS1/4lb.babygreenbeans,cleaned1Tbs.buttersaltandblackpepper

ProcedureInalargepotofrapidlyboilingsaltedwater,cookgreenbeansuntiltender.Strainandtosswithbutter,saltandpepper.

PRICKLYPEARBRAISEDREDCABBAGE1/2headchoppedredcabbage1/2cuppricklypearpuree1/2cupbalsamicvinegar1/2largeyellowonion,chopped1/4lb.apple-smokedbacon,choppedsmall2Tbs.canolaoil

ProcedureInalargepotwithacover,brownthebaconinthecanolaoil.Addonionsandcookuntiltranslucentonlowheat.Addcabbage,pricklypearpureeandbalsamicvinegar.Coverandcookonlowheatuntiltender.Thiswilltakeabout1to11/2hours.

PORTWINESAUCEreservedporkscraps4Tbs.choppedshallots2sprigsthyme1cuprubyredportwine2cupsvealstock

ProcedureInasmallsaucepot,brownporkscrapsonhighheat.Addtheshallotsandsautéuntiltranslucent.Addportandreduceitovermediumheatbyhalf.Addvealstockandheattoasimmer.Reducesauceuntilitlightlycoatsthebackofaspoon.

Aswelookbackupon2012andforwardto2013,weseethatthePhoenixhousingmarketiswellunderwaywithahealthy,managedrecovery.Infact,Phoenixcontinuestoleadthenationinitsrecoveryandweexpect2013toshowanevenbrighteroutlookthan2012. Westillhavealong-termsupplyshortageforresidentialhomes,althoughithaseasedconsiderablyatthebottomendofthemarketcomparedwiththespringoflastyear.Duetotheusualdipinhigher-endhomessalesvolumes,pricingtendstobealittleweakerduringthesummer.ThiswasstilltrueinSeptemberwhenpriceswereonlyslightlyhigherthaninAugust,JulyorJune.Howeverthecompari-sonwiththesummerof2011isstark.Averagepricepersq.ft.wasupover23%sinceSeptember2011andnowthatwearemovingintothecoolermonths,pricesareresumingtheiradvancewithgreaterspeed. Manycitieshaveseenverylargeincreasesinaveragepricingoverlastyear.Thishasencouragedmoresellerstoenterthemarketandweareseeingasignificantincreaseinsupplyinmostareas.InvestorpurchasesaredownfromthepeakinJulyandAugustandwillprobablydeclinefurther.Investors(asopposedtospeculators)tendtoreacttorisingpricesbyreducingtheirappetiteforadditionalhomes. Mosthomesbelow$250,000thatarepricedrealisticallyarestillattractingalargenumberofofferswithinashorttime,andofferswilloftenexceedtheaskingprice.Itisstillmuchquieterintheluxurymarketandactiveadultsectorbutpricesarefirminghereasweentertheseasonwhen

snowbirdsreturntotheValley. Withthecurrentstabilityinpricing,appraisalshavehadachancetocatchup,sorecentlyappraisalshavetendedtocomeclosertocurrentmarketvalue.Withrenewedpriceescalation,weexpectlowappraisalissueswillreemergeduringthefirstquarter. Thesituationfortheaveragehomebuyerremainsfairlydifficultdespiteextremelylowinterestratesandstill-cheappricesbyanyhistoricalstandard.Thisisbecausethenumberofhomesforsaleisstillwellbelownormalandwell-fundedinvestorsarestillhereinsufficientnumberstomakeveryseriouscompetitionwithmultipleall-cashofferswithfewstringsattached.Manyordinarybuyerscontinuetocomeawayemptyhandedaftersubmitting10ormoreoffers.

Investorsarefocusedprimarilyonthelowerpriceranges,wheretherentalreturnoninvestmentishighest.Sopriceshavecontinuedtomovehigherforhomesbelow$250,000.Aftermovingbackwardsforawhilein2012,theupper-endofthemarketisstartingtoshowrenewedsignsoflife. Nowthatcoolerweatherhasreturnedweanticipatestrongerpricingtobereportedalbeitonweakersalesvolumes.Inanormalmarket,risingpricestendtoreducedemandandsoinhibitsalesvolume.Wesawtheoppositebehaviorin2004and2005whenstrongpricegainsdrewinanincreasednumberofbuyersinafrenzyofspeculation.Today’smarketisrelativelywell-behaved.Investorsareriskingtheirownmoneyratherthanborrowedfunds,soriskisbeingmorecarefullymanaged. Webelievethat2013willcontinuetobeayearinwhichhomepricesriseanddemandremainsstrong.

Author and statistician Michael Orr is the Director of Real Estate Studies at ASU’s W.P. Carey School of Business, and Principal of The Cromford Report.

PFChang’sRock‘nRollMarathonSeriesPhoenix,ScottsdaleandTempe,January20thRunRockNRoll.comCelebratingits10thyearintheValley,thismarathonand1/2marathoneventhasabrand-newcoursefor2013andanewtwistfornon-runners:aBikeTour.Bicycleparticipantscanridethemarathoncourseinanon-timedevent.Kidscanparticipateintheone-milefunrunandtherearetonsofvolunteeringandpeople-watchingopportunitiestomakethiseventoneforeveryone!

ToscaSymphonyHall,January25th–27th602.266.7464|AZOpera.comOpulentsetsevokethepalacesandcathedralsof19thcenturyRomeinthisproductionofPuccini’sbelovedopera,whilesopranoJillGardnerlendsherrichvoiceandinsightfulperformancetotheroleofTosca.BaritoneGordonHawkins,aValleyresidentrenownedworldwide,providespowerhousevocalsasScarpia.SunginItalianwithEnglishsubtitles.

WasteManagementPhoenixOpenTPCScottsdale,January28th–February3rd602.870.0163|WMPhoenixOpen.comGolf,spectators,corporatesponsorships,localcelebrities,schmoozing,flirting,eating,drinking,sunshine,16thhole,charity,Bird’sNest…wait,wedidmentiongolf,right?Asyouknow,thePGA’smostpopularspectatoreventonceagaingracestheValley.Nomatterifyou’retrulyagolfaficionadoorsimplyliketobewheretheactionis,theannualPhoenixOpenisonegreatwaytospendaweekoraweekend.

WarHorseGammage,February5th–10th480.965.3434|ASUGammage.comYousawtheAcademy-Awardnominatedfilm,nowseethisbeautifultaleofcourage,loyaltyandfriendshipliveonstage.Thispowerfullymovingandimaginativedrama,filledwithstirringmusic,isashowofphenomenalinventivenessthatiscurrentlyplayingtopackedhousesinLondon,NewYorkandToronto.Atitsheartareastonishinglife-sizedpuppetsthatbringtolifebreathing,galloping,charginghorsesstrongenoughformentoride.

Corks&CactusDesertBotanicalGarden,February23rd–24th480.481.8188|DBG.orgWhowouldn’twanttospendagorgeousArizonaeveningsippinglibationsinatranquil,scenicsetting?Corks&Cactusblendsboutiquewines,gourmetconcessionsanddesertbeautyintoadelightfulevent.Enjoysamplingfrom40differentwineseachday,listeningtolivelocalentertainmentandfooditemsavailableforpurchasefromFabulousFoodFineCateringandEvents.

JANUARY|FEBRUARY2013

Pork Tenderloin with Sweet Potato Mash, Prickly Pear Braised Red Cabbage and Port Wine Sauce

FeaturingLON’satTheHermosa602.955.7878|HermosaInn.com/lons

In Good Taste Event Calendar

ToPlateOnalargedinnerplatespreadsweetpotatomashinacircle.Nextplacecabbagerightinthemiddleofthemash.Sliceporkandplaceitaroundthecabbage.Addgreenbeansrightoverthetop.Saucelightlyandenjoy.

Serves: four

Makingahomeunique,special,andpersonallyintuitivearechallengeseveryhomeownerencounterswhetherthehomeis1,500squarefeetor15,000squarefeet.Often,ahomeneedsjustatouchofglamour,orspecialvisualinterests,totakeitfrom“nice”to“knock-out!” Nomatterthesizeofthehomeorspace,therewillalwaysbecommonissuestocontendwith.Forexample,howtobringinteresttothatspace?Whatwillmakeahomeorspacestandapartfromanotherone?Howshouldlargespacesbefashionedtofeelmoreintimate?Howcansmallerspacesfeellarger? Designingahomeorspaceproperlycanalsobequiteaninvestment.Ifandwhenahomeownerdecidestoselltheproperty,thehomeshouldstandalonefromtheotherchoicesonthemarket.Creatingfascinatingandcompellingdetailsisoptimum,inthatthoseremarkableelementsandappealingdesignchoiceshopefullywillremaininthememoriesofthosewhoareviewingyourhome. Inmanyinstances,atouchofdramaisagreatwaytocreateinterestingspaces.Thetrickthough,istounderstandexactlywhatthatmeansandhowtoachieveit.Forlargerspaces,thereisusuallyabitofastrongerchallenge,butproperlydesigningthespacewillcertainlyincludefocusingonatleastoneareaintheroomtoaddthattouchofdrama.Fireplaces,interestingart,importantpiecesoffurniture,beautifulviewsandconversationareaswillhelpdeterminethosefocalpoints. Theoppositewillbetruewhendesigningsmallerspaces.Inthiscasethechallengeisusuallytomakethespacefeellarger.Thebestwaytoachievethismaybetosimplify.Forasmallerspace,thismaybeachievedbydeterminingafocalpointintheroomandaddressingitwithsomethingthatwilldemandattentionwhensomeoneentersthespace. Whenincorporatingsomedrama,youmighttakeacuefromcurrentdesigntrends.Forcolor,the“newneutral”isdefinitelygray-notanicygray,butmoreofawarmgray.Thatgrayisbeingpairedwithallsortsofotherfashionablehuessuchasyellow,applegreen,andpurple.

Organicshapesversusgeometricorlinearlinesareon-trendnowandcanbeseeninfurnishings,fabricsandevenwalldécor.Wallpanelsinallsortsofmaterials,shapesandpatternsareawaytomakeabigimpact.CheckoutInterlockingRockpanelsbyModularArts.comforinspiration. AstatementheadboardintheMasterBedroomisanothersurewaytocreatedrama.Theseheadboardscanbeupholsteredinallsortsofgorgeousfabrics,craftedfromwoodorevenmadeoutofleather-upholsteredlargemosaicpieces. Often,theuseofinterestingtextureisallthat’snecessary.Asimplewallorothermundanearchitecturalelementcanbeabsolutelytransformedwiththeapplicationofmaterialssuchasstone,metal,tiles,crystals...theoptionsareaslimitlessasyourimagination! Now,getyourimaginationworkingonoverdriveandplantoputalittlepanacheinyourhome’sdesignaswell!

Debra May Himes, Principal of Debra May Himes Interior Design & Associates, LLC can be reached at 480.497.2699 and DMHDesign.com.

By Debra May Himes, ASID, LEED AP

PORK2wholeporktenderloins,trimmed,reservetrimmingssaltandblackpepper

ProcedureBrowntheporktenderloininahotpanandplaceina350degreeovenfor12minutes.Allowtorestoutsidetheovenforfiveminutesbeforeslicing.

SWEETPOTATOMASH2largesweetpotatoes,cutintosmallpieces11/8tsp.cinnamon1/4lb.butterpinchofsalt

ProcedureBoilandmashpotatoes.Mixinthecinnamonandbutter.

BABYGREENBEANS1/4lb.babygreenbeans,cleaned1Tbs.buttersaltandblackpepper

ProcedureInalargepotofrapidlyboilingsaltedwater,cookgreenbeansuntiltender.Strainandtosswithbutter,saltandpepper.

PRICKLYPEARBRAISEDREDCABBAGE1/2headchoppedredcabbage1/2cuppricklypearpuree1/2cupbalsamicvinegar1/2largeyellowonion,chopped1/4lb.apple-smokedbacon,choppedsmall2Tbs.canolaoil

ProcedureInalargepotwithacover,brownthebaconinthecanolaoil.Addonionsandcookuntiltranslucentonlowheat.Addcabbage,pricklypearpureeandbalsamicvinegar.Coverandcookonlowheatuntiltender.Thiswilltakeabout1to11/2hours.

PORTWINESAUCEreservedporkscraps4Tbs.choppedshallots2sprigsthyme1cuprubyredportwine2cupsvealstock

ProcedureInasmallsaucepot,brownporkscrapsonhighheat.Addtheshallotsandsautéuntiltranslucent.Addportandreduceitovermediumheatbyhalf.Addvealstockandheattoasimmer.Reducesauceuntilitlightlycoatsthebackofaspoon.

Aswelookbackupon2012andforwardto2013,weseethatthePhoenixhousingmarketiswellunderwaywithahealthy,managedrecovery.Infact,Phoenixcontinuestoleadthenationinitsrecoveryandweexpect2013toshowanevenbrighteroutlookthan2012. Westillhavealong-termsupplyshortageforresidentialhomes,althoughithaseasedconsiderablyatthebottomendofthemarketcomparedwiththespringoflastyear.Duetotheusualdipinhigher-endhomessalesvolumes,pricingtendstobealittleweakerduringthesummer.ThiswasstilltrueinSeptemberwhenpriceswereonlyslightlyhigherthaninAugust,JulyorJune.Howeverthecompari-sonwiththesummerof2011isstark.Averagepricepersq.ft.wasupover23%sinceSeptember2011andnowthatwearemovingintothecoolermonths,pricesareresumingtheiradvancewithgreaterspeed. Manycitieshaveseenverylargeincreasesinaveragepricingoverlastyear.Thishasencouragedmoresellerstoenterthemarketandweareseeingasignificantincreaseinsupplyinmostareas.InvestorpurchasesaredownfromthepeakinJulyandAugustandwillprobablydeclinefurther.Investors(asopposedtospeculators)tendtoreacttorisingpricesbyreducingtheirappetiteforadditionalhomes. Mosthomesbelow$250,000thatarepricedrealisticallyarestillattractingalargenumberofofferswithinashorttime,andofferswilloftenexceedtheaskingprice.Itisstillmuchquieterintheluxurymarketandactiveadultsectorbutpricesarefirminghereasweentertheseasonwhen

snowbirdsreturntotheValley. Withthecurrentstabilityinpricing,appraisalshavehadachancetocatchup,sorecentlyappraisalshavetendedtocomeclosertocurrentmarketvalue.Withrenewedpriceescalation,weexpectlowappraisalissueswillreemergeduringthefirstquarter. Thesituationfortheaveragehomebuyerremainsfairlydifficultdespiteextremelylowinterestratesandstill-cheappricesbyanyhistoricalstandard.Thisisbecausethenumberofhomesforsaleisstillwellbelownormalandwell-fundedinvestorsarestillhereinsufficientnumberstomakeveryseriouscompetitionwithmultipleall-cashofferswithfewstringsattached.Manyordinarybuyerscontinuetocomeawayemptyhandedaftersubmitting10ormoreoffers.

Investorsarefocusedprimarilyonthelowerpriceranges,wheretherentalreturnoninvestmentishighest.Sopriceshavecontinuedtomovehigherforhomesbelow$250,000.Aftermovingbackwardsforawhilein2012,theupper-endofthemarketisstartingtoshowrenewedsignsoflife. Nowthatcoolerweatherhasreturnedweanticipatestrongerpricingtobereportedalbeitonweakersalesvolumes.Inanormalmarket,risingpricestendtoreducedemandandsoinhibitsalesvolume.Wesawtheoppositebehaviorin2004and2005whenstrongpricegainsdrewinanincreasednumberofbuyersinafrenzyofspeculation.Today’smarketisrelativelywell-behaved.Investorsareriskingtheirownmoneyratherthanborrowedfunds,soriskisbeingmorecarefullymanaged. Webelievethat2013willcontinuetobeayearinwhichhomepricesriseanddemandremainsstrong.

Author and statistician Michael Orr is the Director of Real Estate Studies at ASU’s W.P. Carey School of Business, and Principal of The Cromford Report.

PFChang’sRock‘nRollMarathonSeriesPhoenix,ScottsdaleandTempe,January20thRunRockNRoll.comCelebratingits10thyearintheValley,thismarathonand1/2marathoneventhasabrand-newcoursefor2013andanewtwistfornon-runners:aBikeTour.Bicycleparticipantscanridethemarathoncourseinanon-timedevent.Kidscanparticipateintheone-milefunrunandtherearetonsofvolunteeringandpeople-watchingopportunitiestomakethiseventoneforeveryone!

ToscaSymphonyHall,January25th–27th602.266.7464|AZOpera.comOpulentsetsevokethepalacesandcathedralsof19thcenturyRomeinthisproductionofPuccini’sbelovedopera,whilesopranoJillGardnerlendsherrichvoiceandinsightfulperformancetotheroleofTosca.BaritoneGordonHawkins,aValleyresidentrenownedworldwide,providespowerhousevocalsasScarpia.SunginItalianwithEnglishsubtitles.

WasteManagementPhoenixOpenTPCScottsdale,January28th–February3rd602.870.0163|WMPhoenixOpen.comGolf,spectators,corporatesponsorships,localcelebrities,schmoozing,flirting,eating,drinking,sunshine,16thhole,charity,Bird’sNest…wait,wedidmentiongolf,right?Asyouknow,thePGA’smostpopularspectatoreventonceagaingracestheValley.Nomatterifyou’retrulyagolfaficionadoorsimplyliketobewheretheactionis,theannualPhoenixOpenisonegreatwaytospendaweekoraweekend.

WarHorseGammage,February5th–10th480.965.3434|ASUGammage.comYousawtheAcademy-Awardnominatedfilm,nowseethisbeautifultaleofcourage,loyaltyandfriendshipliveonstage.Thispowerfullymovingandimaginativedrama,filledwithstirringmusic,isashowofphenomenalinventivenessthatiscurrentlyplayingtopackedhousesinLondon,NewYorkandToronto.Atitsheartareastonishinglife-sizedpuppetsthatbringtolifebreathing,galloping,charginghorsesstrongenoughformentoride.

Corks&CactusDesertBotanicalGarden,February23rd–24th480.481.8188|DBG.orgWhowouldn’twanttospendagorgeousArizonaeveningsippinglibationsinatranquil,scenicsetting?Corks&Cactusblendsboutiquewines,gourmetconcessionsanddesertbeautyintoadelightfulevent.Enjoysamplingfrom40differentwineseachday,listeningtolivelocalentertainmentandfooditemsavailableforpurchasefromFabulousFoodFineCateringandEvents.

JANUARY|FEBRUARY2013

Pork Tenderloin with Sweet Potato Mash, Prickly Pear Braised Red Cabbage and Port Wine Sauce

FeaturingLON’satTheHermosa602.955.7878|HermosaInn.com/lons

In Good Taste Event Calendar

ToPlateOnalargedinnerplatespreadsweetpotatomashinacircle.Nextplacecabbagerightinthemiddleofthemash.Sliceporkandplaceitaroundthecabbage.Addgreenbeansrightoverthetop.Saucelightlyandenjoy.

Serves: four

Valley Real EstateWhat Does 2013 Have in Store?

Signature Cuisine from a Venerable Valley FavoriteLON’s at The Hermosa’s Pork Tenderloin

La Buena VidaReal Estate Report

Ideas to Freshen Up Your Interior Design

January | February 2013

La Buena Vida

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

Address Sq. Ft. / Bed / Bath Year Built List Price List Price per Sq. Ft.

CURRENTLY FOR SALE:

33014 N 60TH WAY 2,616 / 3 / 2.5 2000 $430,000 $164.37

6022 E OLD WEST WAY 3,079 / 5 / 3 2000 $439,500 $142.74

6021 E OLD WEST WAY 3,424 / 5 / 2.5 2000 $459,900 $134.32

6105 E SMOKEHOUSE TRL 3,424 / 5 / 2.75 1999 $479,900 $140.16

SALE PENDING:

6034 E PALOMINO LN 3,877 / 4 / 3 1999 $439,900 $113.46

Address Sq. Ft. / Bed / Bath Year Built Sold Price Sold Price per Sq. Ft. COE

RECENTLY SOLD:

6113 E PALOMINO LN 3,711 / 4 / 2.5 2000 $350,000 $94.31 11/28/2012

33224 N 61ST PL 3,661 / 4 / 2.5 1998 $382,000 $104.34 11/20/2012

6038 E PALOMINO LN 3,579 / 5 / 3 2000 $435,000 $121.54 11/20/2012

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

REAL ESTATE ACTIVITY IN La Buena Vida Estates

Happy New Year, neighbors! As we start the year 2013, let’s take a quick review of 2012. A shortage of homes for sale, record low interest rates and affordable purchase prices caused bidding wars in 2012. ARIZONA RANKED #1 in the nation for gains in home prices. Home prices in Phoenix area rebounded at the highest rate of any metro area in the country during the past year. Across the nation, prices increased in 18 of 20 cities over the 12-month period. In Phoenix, prices jumped 20.4% over that stretch to lead all cities, Standard & Poor’s/Case-Shiller reported. FORECLOSURE DISCOUNTS HAVE VANISHED IN PHOENIX. “The smallest foreclosure discount is found in places where competition for homes is so high, people there are willing to pay the same amount for a foreclosure re-sale that they would for a non-distressed home simply to take advantage of historic affordability,” says Stan Humphries, Zillow’s chief economist. The smallest foreclosure discounts can be found in: Las Vegas (0%); PHOENIX (0%); and Sacramento (0.7%). LESS PHOENIX-AREA HOMES HAVE UNDERWATER MORTGAGES. Slightly less than half of homeowners throughout metro Phoenix are now underwater on their mortgages, according to a report by Zillow in November. About 45% of Valley homeowners were underwater during the third quarter – a 13% drop from the two previous quarters when slightly more than half were underwater. Check with your mortgage company to see if you qualify to have your PMI (Private Mortgage Insurance) removed from your monthly payment. One of my clients saved over $200/month! Call Patrick to see if you can refinance at a lower interest rate and reduce your monthly payment.

Facebook.com/LaBuenaVidaEstates

Kelli GrantYour La Buena Vida Estates Specialist

Call or Text: (602) 799-5420 Kelli@ScottsdaleHomeResource.com www.ScottsdaleHomeResource.com

PLATINUM PREMIER REALTY

Kelli Grant is proud to be a Preferred Realtor helping W.L. Gore employees buy homes and relocate to the area

from all over the country every month.

Real Estate Status as of December 16th: 4 ACTIVE LISTINGS / 1 PENDING SALE in La Buena Vida Estates. Year-to-Date, 19 properties sold in 2012 through MLS. 3 properties closed sale between Oct 16th and Dec 16th at an average of $106.73/sq ft compared to the overall annual average of $110.09. If

you are thinking of selling, contact me for a complimentary Value Analysis. As your neighborhood real estate expert, we can discuss your options and a proactive strategy to sell your property for the highest amount possible.

85266 currently has 168 active listings. Year-to-Date, 366 properties sold in 2012 through MLS. 67 properties closed sale between Oct 16th and Dec 16th at an average of $188.50/sq ft compared to the overall annual average of $185.16.

Patrick ObluckTeamwork . Empowerment . Positivity . Excellence

Patrick ObluckMortgage Banker | MLO #197206

Cell 480.231.2354 www.LoanManAZ.com

34406 N 27th Dr., Suite 140 Phoenix, Arizona 85085NMLS - 322405 | AZ BKBR-0116448

Licensed by the Department of Corporations under the California Residential Mortgage Lending Act

Pinnacle Capitalmortgage corporation

HAPPY NEW YEAR!One of my resolutions for 2013 is my commitment to create awareness of local charities. I started working with a group

called North Valley Community Outreach. Our goal is to host events that will benefit local groups here in our little part of the

desert. Our first event was a wine tasting with the proceeds helping the Foothills Food Bank. Our next event is coming up

in a few weeks and proceeds will benefit a local horse rescue. Visit Facebook.com/AZNVCO and like the page for more

information on this and other events.

Like our page and list your favorite local charity for a chance to win a $50 gift certificate to Vino 100.