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Homeownership Tax Breaks More Green In Your Wallet! Union Barrelhouse’s PB&J Grilled Cheese VALLEY OF THE SUN MARCH | APRIL 2015 sweet sailing Above deck adventures

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Page 1: Cheryl Daly | Lifestyle

Homeownership Tax BreaksMore Green In Your Wallet!

Union Barrelhouse’sPB&J Grilled Cheese

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

VALLEY OF THE SUNM

AR

CH

| A

PR

IL 2

01

5

Introducing A Premier Name In Real Estate

I promise to provide all my clients with the white glove service they deserve. Combined with the substantial media attention generated from

Sotheby’s and my in-depth knowledge of the current market your property will be aligned with one of

the world’s most visible names in Real Estate. Put my years of knowledge and dedication to work for you.

• 25 year Scottsdale Arizona resident• 25 years of contract negotiations

• 13 years as a Real Estate Professional

DavidMayo.com

David Mayo, Realtor480.694.7355 Direct • [email protected]

Professional Agent | Professional MarketingPROFESSIONAL RESULTS

YourVista Del Rincon

Neighbor

All information is deemed reliable but not guaranteed. The homes included are listed and sold by various brokers, based on information from the MLS.

ADDRESS SQFT BED BATH LIST/SOLD PRICE LIST/SOLD PRICE PER SQFT

Currently For Sale9643 E Sheena Dr 2,096 3 2.5 $389,000 $185.59 9678 E Friess Dr 2,096 4 2.5 $389,900 $186.02 9766 E Friess Dr 2,308 4 2 $438,500 $189.99

Pending9734 E Friess Dr 2,955 4 2.5 $470,000 $159.05

Closed9627 E Sheena Dr 1,796 4 2 $332,900 $185.36 9641 E Friess Dr 2,288 4 2.5 $405,000 $177.01

I want your listing here!LET’S TALK REAL ESTATE!

You are welcome to stop by my home at 9675 E Sheena Drive to discuss local real estate trends and how I can successfully list and market your current home to get it sold!

— David

Home Field Advantages After the confetti is swept away and the last sports fan heads home, the Phoenix economy will still be cheering in 2015. Between college bowl games, the annual Barrett-Jackson automobile

auction in Scottsdale, the Waste Management Phoenix Open, and of course, Super Bowl XLIX, the metro area is hosting an unprecedented number of sporting events in this time period.

While the NFL puts a large burden of cost on a host city for the biggest game of the year, the economic benefits of the single-day game are great. The golf tournament takes place over a week, and includes multiple events for the family, as well as popular live entertainment. As a

result, hotel reservations, restaurants, bars, food and drink sales for home parties, not to mention generous gratuities from happy tourists — all add up to increased revenue.

The lucrative business of high profile events may go into overtime when visitors start house hunting after falling in love with Arizona’s perfect winter weather and laid back lifestyle.

Kurt PogoloffBRANCH MANAGER

NMLS# 206394

602.509.4463 Cell • 480.270.6769 [email protected]

8840 E. Chaparral Road Suite 150, Scottsdale, AZ 85250

newamericanagent.com/kurtpogoloff

sweet sailingAbove deck adventures

Page 2: Cheryl Daly | Lifestyle

Going “green” may provide some more green in your wallet come tax refund time. Some of the energy efficiency deductions that were available to homeowners in 2013 have expired. But, there are some deductions still available that you can take advantage of. Homeowners have two more years (through 2016) to take advantage of a 30% credit for installing alternative-energy equipment such as solar hot-water heaters, solar electric equipment, geothermal heat pumps and wind turbines. With residential energy efficiency deductions you don’t just write-off the cost of the system itself, in some cases you may also include the cost of labor and installation. And a tax credit is actually better than a deduction. Deductions reduce your taxable income. With a tax credit, you get a dollar-for-dollar reduction in your tax liability. Use IRS Form 5695 to claim these credits. There may also be other tax rebates or tax credit programs available. Using the Database of State Incentives for Renewables and Efficiency (DSIRE) you can research to learn about any incentives available to you.

Some other tax credits or deductions homeowners should be aware of are:• MORTGAGE INTEREST. Unless the size of your home loan exceeds $1 million, all of your interest is deductible. This includes interest on your primary residence as well as a second home.• MORTGAGE POINTS. Fortunately, come tax filing time, taxpayers can deduct all of the mortgage points they paid that year. Homeowners who paid points to refinance their mortgages or take out a home equity loan or line of credit are also eligible for the deduction.• REAL ESTATE TAXES. A tax deduction on a tax may seem a bit like an oxymoron, but this deduction is designed to keep income tax from being spent on property tax.• PROFIT ON THE SALE OF YOUR HOME. This exemption keeps homeowners from paying capital gains on the sale of their home. If you had a profit of $250,000 as an indi-vidual or $500,000 as a couple that profit falls within the tax free limit as long as you have lived in the home for at least two years before selling it.

• SELLING COSTS. Sellers can itemize costs incurred from selling their home. Marketing and realtor fees, closing fees, repairs and capital improvements can all be deducted. Consult your tax advisor or accountant for the particulars of your situation and which of these may apply.

Totally over the crowded cruise scene? Bored with running to and from the same old beaches? Have we got a new vacation idea for you! Why not charter your own private yacht to cruise you and your crowd around the Caribbean? Or maybe meander about the Mexican Riviera in a catamaran with a few of your favorite friends? Yachting gives you a luxurious vacation experience unlike any other, all tailored to your specific needs and desires...without all the people. Sounds divine, doesn’t it? Whether you’re heading to the Virgin Islands or going south of the border to ole Mexico, chartering a yacht gives you several options to make the most of your time off. Charter companies can help you plan your trip, from what type of yacht to travel in to what you’ll see and eat along the way.

The first decision after choosing a destination and getting your air transportation set is to pick the type of yacht in which to sail. Choices include catamarans, monohulls, and motor yachts. Most travelers select the catamaran for its speed, spaciousness, and smooth ride (seasickness is not really an issue on a cat), though those looking for a true, more romantic sailing experience may opt for the monohull. For larger groups who want the ultimate in luxury, motor yachts are the optimal choice. Next, you’ll need to decide if you simply want to charter a captain to cruise you around to all the hot spots or if you want a personal chef and extended crew along, too. With your own private staff, you have someone aboard to take you to all the top destinations and secret hideaways.

Want to snorkel? Your crew will have the equipment right there on board and know where to see the best marine life. And, you’ll not pay extra add-on fees as you do when coming ashore from a large cruise ship, battling the throngs. And when it comes to dining, forget the buffet-style food cooked up for thousands. On board a charter yacht, you pick out what you want to eat and when you want to eat it. Eggs Benedict and mimosas at sunrise on your own private deck? Done. Margaritas post snorkel? No problem. Lobster and champagne at sunset. Now we’re talking. For discerning travelers looking for the ultimate in privacy, service, and special memories, chartering a yacht may be just what the doctor ordered. Happy yachting!

PB&J GRILLED CHEESE

Union Barrelhouse Modern AleUnionBarrelhouse.com | 480.946.7258

In Good Taste

TAX TIPS FOR HOMEOWNERS

VIVA: Valley Kids Foundation BenefitScottsdale Waterfront | March 14VIVA2030.SplashThat.comVIVA is one of the premier fundraising events for Valley philanthropists, the 21st Annual Viva: A Valley Kids Foundation Benefit is an extravagant semi-formal event that features games, live entertainment, food, dancing, and more. Guests will indulge in fare from a selection of the top valley eateries as well as a premium selection of beer, wine and spirits. All proceeds from your generous donations are directly applied to programs served by the Valley Kids Foundation 501(c)(3) non-profit organization. Your dedication allows the non-profit organization to continue improving the lives of children in need in our community.

Agave on the RocksDesert Botanical Garden | March 27DBG.org | 480.941.1225Celebrate Sonoran roots at the 13th Annual Agave on the Rocks, a deliciously fun evening. Sample gourmet cuisine prepared by renowned Valley restaurants and caterers, listen to fabulous music and sip refreshing margaritas. Make sure to stop by the tequila sampling station where guests are invited to try a taste of the evenings featured tequilas.

AZ Wine and DineScottsdale Quarter | April 2AZWineandDine.com | 602.604.0729AZ Wine & Dine will showcase Arizona’s premier chefs, restaurants, resorts, fine wines and craft beer. The top chefs from renowned restaurants and resorts will offer culinary delights while rocking jazz beats fill the Arizona night sky. Boutique wines and craft beers will be paired with each dish to ensure a palate-pleasing experience in a fun, festive atmosphere. This event is designed to raise the awareness of the quality of life benefits that Arizona’s tourism industry provides its residents and a portion of the proceeds benefit the educational efforts of the Arizona Lodging & Tourism Association.

2nd Annual Carefree Days FestivalCarefree Town Garden Center | April 10-12MagicBirdFestivals.com | 480.332.4257Celebrate springtime with arts and crafts, wine and craft beer tasting. Shop handcrafted art and crafts created by the regions most talented artisans as well as some select imports and other uniquely mastered items. You will find beautiful paintings, sculptures, and jewelry of all varieties, home decor, crafts, and more. Plus enjoy food trucks and live entertainment in the Sanderson Lincoln Pavilion!

Art After WorkTempe Center For The Arts | April 29Tempe.gov | 480.350.2880Art teacher Laura Hukill leads a fun, laid-back class that requires no art experience. Participants relax during a friendly night of art making with enough guidance to ensure that everyone leaves with a lovely painting. April’s painting is Matisses’s The Goldfish. Goldfish are thought to be creators of good luck and positive outcomes in new endeavors. This painting is all about bright colors, off perspectives and tranquility.

MARCH | APRIL 2015

Event Calendarcome sail away...PB&JINGREDIENTS8 sour dough bread slices 1/2 lb red wine (1/2 inch thick) poached pears1tbsp butter 1 c bacon jam1lb triple cream Brie, 8 oz wild arugula sliced ¼ inch thick salt and pepper to taste

RED WINE POACHED PEARSINGREDIENTS2 bosc pears 2 cinnamon sticks1 c red wine 2 whole cloves

POACHED PEARS DIRECTIONSSlice pears 1/4 inch thick. Bring wine, cinnamon, and cloves to a simmer in a small sauce pan. Once simmering, add pears to the pan and turn off the heat. Allow the pears to steep in the wine, while cooling. Reserve for later.

BACON JAMINGREDIENTS1lb thick cut pepper bacon, 1 yellow onion, diced cut into lardons 1 c red wine vinegar1/2 c brown sugar 1/2 c maple syrup

BACON JAM DIRECTIONSHeat a small sauce pan over medium heat. Cook bacon until completely rendered and crisp. Add onion to the pan and cook until completely soft. Deglaze with red wine vinegar and reduce by half. Add sugar and maple syrup into the pan and cook for approximately 15 minutes or until thick. Puree using a food processor and cool completely. Reserve for later.

PB&J DIRECTIONSHeat a nonstick pan or griddle over medium heat. Spread butter on one side of each slice of bread. Place bread in the pan with the buttered side down. Place sliced Brie on one slice of the bread. Place ¼ cup of bacon jam on the other side of the bread. Cook until the bread is golden and the cheese is melted. While the cheese is melting, mix the arugula with 1 teaspoon of bacon jam, salt and pepper, reserve. Once the cheese is melted, place sliced pears on the melted cheese. Place the dressed arugula on top of the pears. Put the top slice of bread with the bacon jam on the arugula to form the sandwich. Slice in half and serve.

Serves 4

Page 3: Cheryl Daly | Lifestyle

Going “green” may provide some more green in your wallet come tax refund time. Some of the energy efficiency deductions that were available to homeowners in 2013 have expired. But, there are some deductions still available that you can take advantage of. Homeowners have two more years (through 2016) to take advantage of a 30% credit for installing alternative-energy equipment such as solar hot-water heaters, solar electric equipment, geothermal heat pumps and wind turbines. With residential energy efficiency deductions you don’t just write-off the cost of the system itself, in some cases you may also include the cost of labor and installation. And a tax credit is actually better than a deduction. Deductions reduce your taxable income. With a tax credit, you get a dollar-for-dollar reduction in your tax liability. Use IRS Form 5695 to claim these credits. There may also be other tax rebates or tax credit programs available. Using the Database of State Incentives for Renewables and Efficiency (DSIRE) you can research to learn about any incentives available to you.

Some other tax credits or deductions homeowners should be aware of are:• MORTGAGE INTEREST. Unless the size of your home loan exceeds $1 million, all of your interest is deductible. This includes interest on your primary residence as well as a second home.• MORTGAGE POINTS. Fortunately, come tax filing time, taxpayers can deduct all of the mortgage points they paid that year. Homeowners who paid points to refinance their mortgages or take out a home equity loan or line of credit are also eligible for the deduction.• REAL ESTATE TAXES. A tax deduction on a tax may seem a bit like an oxymoron, but this deduction is designed to keep income tax from being spent on property tax.• PROFIT ON THE SALE OF YOUR HOME. This exemption keeps homeowners from paying capital gains on the sale of their home. If you had a profit of $250,000 as an indi-vidual or $500,000 as a couple that profit falls within the tax free limit as long as you have lived in the home for at least two years before selling it.

• SELLING COSTS. Sellers can itemize costs incurred from selling their home. Marketing and realtor fees, closing fees, repairs and capital improvements can all be deducted. Consult your tax advisor or accountant for the particulars of your situation and which of these may apply.

Totally over the crowded cruise scene? Bored with running to and from the same old beaches? Have we got a new vacation idea for you! Why not charter your own private yacht to cruise you and your crowd around the Caribbean? Or maybe meander about the Mexican Riviera in a catamaran with a few of your favorite friends? Yachting gives you a luxurious vacation experience unlike any other, all tailored to your specific needs and desires...without all the people. Sounds divine, doesn’t it? Whether you’re heading to the Virgin Islands or going south of the border to ole Mexico, chartering a yacht gives you several options to make the most of your time off. Charter companies can help you plan your trip, from what type of yacht to travel in to what you’ll see and eat along the way.

The first decision after choosing a destination and getting your air transportation set is to pick the type of yacht in which to sail. Choices include catamarans, monohulls, and motor yachts. Most travelers select the catamaran for its speed, spaciousness, and smooth ride (seasickness is not really an issue on a cat), though those looking for a true, more romantic sailing experience may opt for the monohull. For larger groups who want the ultimate in luxury, motor yachts are the optimal choice. Next, you’ll need to decide if you simply want to charter a captain to cruise you around to all the hot spots or if you want a personal chef and extended crew along, too. With your own private staff, you have someone aboard to take you to all the top destinations and secret hideaways.

Want to snorkel? Your crew will have the equipment right there on board and know where to see the best marine life. And, you’ll not pay extra add-on fees as you do when coming ashore from a large cruise ship, battling the throngs. And when it comes to dining, forget the buffet-style food cooked up for thousands. On board a charter yacht, you pick out what you want to eat and when you want to eat it. Eggs Benedict and mimosas at sunrise on your own private deck? Done. Margaritas post snorkel? No problem. Lobster and champagne at sunset. Now we’re talking. For discerning travelers looking for the ultimate in privacy, service, and special memories, chartering a yacht may be just what the doctor ordered. Happy yachting!

PB&J GRILLED CHEESE

Union Barrelhouse Modern AleUnionBarrelhouse.com | 480.946.7258

In Good Taste

TAX TIPS FOR HOMEOWNERS

VIVA: Valley Kids Foundation BenefitScottsdale Waterfront | March 14VIVA2030.SplashThat.comVIVA is one of the premier fundraising events for Valley philanthropists, the 21st Annual Viva: A Valley Kids Foundation Benefit is an extravagant semi-formal event that features games, live entertainment, food, dancing, and more. Guests will indulge in fare from a selection of the top valley eateries as well as a premium selection of beer, wine and spirits. All proceeds from your generous donations are directly applied to programs served by the Valley Kids Foundation 501(c)(3) non-profit organization. Your dedication allows the non-profit organization to continue improving the lives of children in need in our community.

Agave on the RocksDesert Botanical Garden | March 27DBG.org | 480.941.1225Celebrate Sonoran roots at the 13th Annual Agave on the Rocks, a deliciously fun evening. Sample gourmet cuisine prepared by renowned Valley restaurants and caterers, listen to fabulous music and sip refreshing margaritas. Make sure to stop by the tequila sampling station where guests are invited to try a taste of the evenings featured tequilas.

AZ Wine and DineScottsdale Quarter | April 2AZWineandDine.com | 602.604.0729AZ Wine & Dine will showcase Arizona’s premier chefs, restaurants, resorts, fine wines and craft beer. The top chefs from renowned restaurants and resorts will offer culinary delights while rocking jazz beats fill the Arizona night sky. Boutique wines and craft beers will be paired with each dish to ensure a palate-pleasing experience in a fun, festive atmosphere. This event is designed to raise the awareness of the quality of life benefits that Arizona’s tourism industry provides its residents and a portion of the proceeds benefit the educational efforts of the Arizona Lodging & Tourism Association.

2nd Annual Carefree Days FestivalCarefree Town Garden Center | April 10-12MagicBirdFestivals.com | 480.332.4257Celebrate springtime with arts and crafts, wine and craft beer tasting. Shop handcrafted art and crafts created by the regions most talented artisans as well as some select imports and other uniquely mastered items. You will find beautiful paintings, sculptures, and jewelry of all varieties, home decor, crafts, and more. Plus enjoy food trucks and live entertainment in the Sanderson Lincoln Pavilion!

Art After WorkTempe Center For The Arts | April 29Tempe.gov | 480.350.2880Art teacher Laura Hukill leads a fun, laid-back class that requires no art experience. Participants relax during a friendly night of art making with enough guidance to ensure that everyone leaves with a lovely painting. April’s painting is Matisses’s The Goldfish. Goldfish are thought to be creators of good luck and positive outcomes in new endeavors. This painting is all about bright colors, off perspectives and tranquility.

MARCH | APRIL 2015

Event Calendarcome sail away...PB&JINGREDIENTS8 sour dough bread slices 1/2 lb red wine (1/2 inch thick) poached pears1tbsp butter 1 c bacon jam1lb triple cream Brie, 8 oz wild arugula sliced ¼ inch thick salt and pepper to taste

RED WINE POACHED PEARSINGREDIENTS2 bosc pears 2 cinnamon sticks1 c red wine 2 whole cloves

POACHED PEARS DIRECTIONSSlice pears 1/4 inch thick. Bring wine, cinnamon, and cloves to a simmer in a small sauce pan. Once simmering, add pears to the pan and turn off the heat. Allow the pears to steep in the wine, while cooling. Reserve for later.

BACON JAMINGREDIENTS1lb thick cut pepper bacon, 1 yellow onion, diced cut into lardons 1 c red wine vinegar1/2 c brown sugar 1/2 c maple syrup

BACON JAM DIRECTIONSHeat a small sauce pan over medium heat. Cook bacon until completely rendered and crisp. Add onion to the pan and cook until completely soft. Deglaze with red wine vinegar and reduce by half. Add sugar and maple syrup into the pan and cook for approximately 15 minutes or until thick. Puree using a food processor and cool completely. Reserve for later.

PB&J DIRECTIONSHeat a nonstick pan or griddle over medium heat. Spread butter on one side of each slice of bread. Place bread in the pan with the buttered side down. Place sliced Brie on one slice of the bread. Place ¼ cup of bacon jam on the other side of the bread. Cook until the bread is golden and the cheese is melted. While the cheese is melting, mix the arugula with 1 teaspoon of bacon jam, salt and pepper, reserve. Once the cheese is melted, place sliced pears on the melted cheese. Place the dressed arugula on top of the pears. Put the top slice of bread with the bacon jam on the arugula to form the sandwich. Slice in half and serve.

Serves 4

Page 4: Cheryl Daly | Lifestyle

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

I am 100% dedicated to helping you find your dream home or sell your existing property.

I am a local market expert and will tailor my services to meet your individual needs and

goals. My commitment to you is to provide the personalized real estate services you deserve.

Buying a home is the most important financial decision most people make during their life. From your first home, which often is the basis

for future home buys, to your retirement home, it is important to work with a professional who is committed to represent your best interests.

I believe all my clients deserve…

• Quality service, always

• To be treated with respect

• Sound real estate advice, based on facts

• Responsive dialogue during their entire transaction

• An honest, compassionate, attentive, and trustworthy Realtor®

Cheryl Daly Associate Broker,

CNE, SFR, REO Certified

623.206.9936 [email protected]

Your Full Time | Full Service Realtor

LovingPhoenix.com

Cheryl Daly 17235 N 75th Avenue C-190 | Glendale | AZ

Learn how I’ve helped other Phoenix area families outperform the market when selling

their home. Click the link to get my FREE guide, “Preparing for a Successful Sale.”

www.listingwithcheryl.com

Proudly partnered with GIVEBACKHOMES who builds homes for families in need around the world.