Building WealthWhat’s In Your Real Estate Portfolio?

The Perfect PairingSOL Mexican Cocina’s Shrimp Ceviche + White Wine

The New MinimalSleek and Simple

January | February 2014

ISSN-1939-943XIf your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

Fireside

KEVIN OWENS, REALTOR®

Your Fireside at Desert Ridge Real Estate Specialist480.217.9184

kevin@fineAZliving.com www.fineAZliving.com

YOUR FIRESIDE REAL ESTATE SPECIALIST

THINKING OF SELLING IN THE NEW YEAR?

Call Kevin Owens today at 480.217.9184

CALL TO PRE-QUALIFY FOR A LOANPat Reiniger

preiniger@homeownersfg.com | 480.305.8562

NMLS#180869 BK#0906222

Exclusively Represented By Kevin Owens:

Fireside Cover Home Exclusively Presented By Kevin Owens

Your Fireside Real Estate SpecialistSee back cover for property details

Why Hire Coldwell Banker To Sell Your Home?

JUST SOLD BY KEVIN OWENS IN 5 DAYS FOR LIST PRICE!

3847 E. Matthew Drive | Manaro Model2,829 square feet | 4 bedrooms | 2.5 bathrooms

COVER

HOME

JUST LISTED BY KEVIN OWENS!

21009 N. 38th Place | Colima Model2,975 square feet | 4 bedrooms | 2.5 bathrooms

JUST

LISTE

D

Recently Sold In Fireside:ADDRESS SQFT BED BATH SOLD PRICE SOLD PRICE/SQFT CLOSE OF ESCROW

21255 N 36th Pl 1,519 2 2.5 $244,000 $160.63 11/08/2013 1656 W Desperado Way 1,496 3 2 $249,900 $167.05 12/06/2013 1801 W Straight Arrow Ln 1,536 2 2 $279,990 $182.29 11/12/2013 1754 W Desperado Way 1,518 2 2 $283,412 $186.70 11/08/2013 3965 E Cat Balue Dr 1,875 3 2.5 $330,000 $176.00 11/08/2013 1539 W Tombstone Trl 2,342 3 2 $367,000 $156.70 11/08/2013 1612 W Tombstone Trl 2,303 3 2.5 $380,000 $165.00 11/19/2013 28116 N 17th Dr 2,336 3 2.5 $380,000 $162.67 12/05/2013 1314 W Spur Dr 2,504 3 2.5 $380,290 $151.87 12/05/2013 1026 W Spur Dr 3,526 4 2.5 $435,510 $123.51 11/05/2013 1804 W Eagle Talon Trl 3,241 4 3.5 $480,000 $148.10 12/02/2013 21710 N 37th St 4,302 6 4.5 $765,000 $177.82 11/08/2013

According to MLS data, homes listed by Coldwell Banker sell for more money

in a shorter period of time!Make more money with Coldwell Banker:• Our sales/list price ratio is .4% higher than the industry average - that’s $1,600 more money for sellers on a $400,000 home!Spend less time on the market with Coldwell Banker:• Our listings average 51 days on market compared to an industry average of 77 days, meaning our listings spend 33.8% less time on the market.• 51% of our listings sell in the first 30 days of being on the market compared to an industry average of 32.4%.

As the #1 selling agent in Fireside, Kevin Owens can sell your home for more money in a shorter period of

time compared to other agents! Contact Kevin today to find out how!

Real estate is one of the few investments where the investor may “fall in love” with the asset. Unlike stocks or bonds, real estate has an emotional element to the investment. Therefore, one of the foremost tips for investing in real estate is to listen to what the numbers tell you, rather than the emotional pull of the property. When investing in rental properties, the rental income needs to cover all expenses associated with the property – including taxes and mortgage. In other words, an investment property should pay for itself. As a general guideline, you should try to achieve a gross rent of at least 150% of the property’s mortgage payments to cover all operational costs and leave some net rental income for yourself. Manyaffluentinvestorsusethecash-on-cashreturnanalysis as a “litmus test” of a rental property investment.

CASH-ON-CASHRETURN=ANNUALCASHFLOW (BEFORETAXES)/TOTALCASHINVESTED

If an investor purchased an apartment building and eachmonththecashflowfromrentals,lessexpenses,is$5,000.Overthecourseofayear,thebefore-taxincomewould be $60,000 and if their cash invested (down pay-ment)inthepropertytotaled$300,000,cash-on-cashreturn is equal to 20%.

Savvyinvestorslookfor20%-30%cash-on-cashreturnbefore considering investing in a property. A big plus is that the return is immediate cash in your pocket and the property may still appreciate on top of that return. In addition, the investor needs to consider how much time the property will take to manage. Some properties, such as vacation and college rentals, just require way too much time and management to make them smart investments. Well maintained properties rented for as long aspossibletodecentcreditprofiletenantsusuallytakethe least time to manage. Compared to other investments, real estate is easy to value.Evenifyouhavenoideahowtovalueaproperty,youcanfindaRealtorwhocanvalueitforyou.Typicallythere are a lot of comparable properties to use to value real estate so the investor knows what the investment property is worth and what should be spent for the property. There are many below market properties that an investorcanfind.Notonlycanyoupurchaseapropertybelow market price, you can add value to the property once you purchase it. You can also add bedrooms, add bathrooms, update a kitchen or do many other things to increase value of the real estate. It simply is not possible for an individual investor to add a bedroom onto a stock. Therefore, real estate should be an important part of your investment portfolio.

Psst! In case you didn’t hear, there’s a shift happening in home décor. Clean lines, lighter and airier colors, and a more modern look are taking center stage in today’s luxuryhomes.Ofcourse,westillloveourregionaldesignflair,butcurrenthiphomesare lightening up and going minimalistic. Homeowners that shy away from the word modern, however, need not be dismayed by today’s contemporary take on home design and furnishings. The style is minimalistic but not completely stripped bare. We’re not talking hard plastic chairs andchromefixtures.Today’snewmodernchairs and sofa silhouettes, for example, are still comfortable but are sleek and simple. Upholstery is elegant and soft, or bright and geometric.Youwilldefinitelyseealoveofpatterned and geometric furniture, drapes, and area rugs in today’s fresh new interiors. When it comes to color, the familiar earthy tans and greens, terracotta rusts, and mustard yellows, though still popular in a regional sense, are making way for crisp and more contrasting hues. Think soft blues, whites, creams, grays, and browns which bring a clean and fresh look to tired spaces. (It’s no surprise that top paint company Benjamin Moore has named A Breath of

Fresh Air, a pale powdery blue, its 2013PaintColoroftheYear!) The effect? Simple elegance. But not everythingisserene.Lookforlively yellows to brighten spaces ...and brighten your mood. Shocks of patterned cobalt blue, say in a few occasional chairs or throw pillows, will also enliven this more contemporary style of living. In the kitchen, look for white and dark brown or black motifs. Counters are stocked with essential tools only, left bare andeasytoclean.Kitchenknick-knacksand purely decorative items are sparse, with new homeowners opting for a clean and understated look. Cabinets themselves are now often painted, with whites and creams lending kitchens an entirely fresh newlook.Distressedwoodisalsopopular,giving a unique and individualist vibe to homes. Perhaps the biggest shift in interior designfortheNewYear:Individuality.Homeowners are looking for handmade, unique items that don’t look exactly the same as all the other homes on the block. Seek out different pieces that speak to you and make you happy in your home. Sounds likeagreatwaytostarttheNewYear!

INGREDIENTS:1 tsp chipotles in adobo, minced 2 tsp mayonnaise2 limes juice1 tbsp soy sauce 1 tsp minced serrano chilies2 tbsp diced cucumber2 tbsp diced onion1 pinch chopped cilantro10mediumcookedshrimp,cutintolargepieces(3oz)

GARNISH:1/4avocado–dicedCilantro sprig

DIRECTIONS:In a small bowl, combine the ingredients in order listed, mixing well after each addition. Spoon into a 12-ounceglassorsmallbowlandtopwiththedicedavocado and cilantro.

WINEPAIRING:To represent the dish, keep this pairing light and refreshing with hints of lime and herbal notes. The acidic yet refreshing pairing will complement the flavorsinthisdishbeautifully.Ideasfortheperfectcouplingare:SparklingWine,PinotGris,DryRieslingorWhiteWineSangria.Enjoy!

CelebrationofFineArtCornerofHaydenRoad&Loop101|January11-March23480.443.7695|CelebrateArt.comTheCelebrationofFineArtiswhereartloversandartistsconnect. This juried, invitational show and art sale, now inits24thyear,featuresmorethan40,000squarefeet of working studios and works of art by 100 renowned andemergingartistsfromacrossthecountry.Duringthe10-weekevent,visitorsfromaroundtheglobewillgather to admire and acquire an unsurpassed selection of artwork in all mediums and styles from some of the continents’ most talented artists.

Barrett-JacksonWestWorld|January12-19480.421.6694|Barrett-Jackson.comEstablishedin1971andheadquarteredinScottsdale,Barrett-Jackson,theworld’sleadingcollectorcarauctionandautomotivelifestyleevent,specializesinprovidingproducts and services to astute classic and collector car owners and automotive enthusiasts around the world. The companyproducesTheWorld’sGreatestCollectorCarAuctionwherehundredsofworld’smostsought-after,unique and valuable automobiles cross the block in front of a global audience.

DreamHomeTourinParadiseValleyPVDesignCenter|January25480.326.5448|DreamHomeTourAZ.comBetransportedfromthePVDesigncentertotourthetopluxurydreamhomesinParadiseValley.EachtourbuswillhavearepresentativefromParadiseValleyInteriors,educating attendees on the variety of design concepts found within these outstanding homes! Attendees will have an opportunity to experience culinary delights in each home, representing some of the most popular restaurants foundwithinthearea.AllproceedsgotobenefitJDRFandThe Phoenix Symphony.

WasteManagementPhoenixOpenTPCScottsdale|January27-February2602.870.4162|WMPhoenixOpen.comThankstothemostfan-friendlytournamentvenueonthePGATour,theStadiumCourseattheTPCScottsdale,theOpenattractsthelargestgalleriesofanygolftournamentintheworld.When179,022fanspackedtheTPCScottsdaleduringthethirdroundofthe2013WMPhoenixOpenitresultedinanewsingle-dayattendancerecordontour.

LaBayadèreSymphonyHall|February13-16602.381.1096|BalletAZ.orgBayadèrefollowstheheartbreakingtaleofatempledancer and a young warrior kept apart in life and united only in death. With rich lavish set designs which conjure upexoticlocaleslikeTheArabianNights,thisballetwilltransportyouwithdream-likesequencestoaworldofnoble warriors, cruel princesses and beautiful temple dancers.LaBayadèrefeaturesmesmerizingclassicalperformances highlighted by the famous Shades scene, staged for the entire corps.

JANUARY|FEBRUARY2014

JAPANESE SHRIMP CEVICHE de CAMARON

SOLMexicanCocina480.245.6708|SOLCocina.com

In Good Taste Event Calendar

Building Wealth Through Real Estate Investment

Real estate is one of the few investments where the investor may “fall in love” with the asset. Unlike stocks or bonds, real estate has an emotional element to the investment. Therefore, one of the foremost tips for investing in real estate is to listen to what the numbers tell you, rather than the emotional pull of the property. When investing in rental properties, the rental income needs to cover all expenses associated with the property – including taxes and mortgage. In other words, an investment property should pay for itself. As a general guideline, you should try to achieve a gross rent of at least 150% of the property’s mortgage payments to cover all operational costs and leave some net rental income for yourself. Manyaffluentinvestorsusethecash-on-cashreturnanalysis as a “litmus test” of a rental property investment.

CASH-ON-CASHRETURN=ANNUALCASHFLOW (BEFORETAXES)/TOTALCASHINVESTED

If an investor purchased an apartment building and eachmonththecashflowfromrentals,lessexpenses,is$5,000.Overthecourseofayear,thebefore-taxincomewould be $60,000 and if their cash invested (down pay-ment)inthepropertytotaled$300,000,cash-on-cashreturn is equal to 20%.

Savvyinvestorslookfor20%-30%cash-on-cashreturnbefore considering investing in a property. A big plus is that the return is immediate cash in your pocket and the property may still appreciate on top of that return. In addition, the investor needs to consider how much time the property will take to manage. Some properties, such as vacation and college rentals, just require way too much time and management to make them smart investments. Well maintained properties rented for as long aspossibletodecentcreditprofiletenantsusuallytakethe least time to manage. Compared to other investments, real estate is easy to value.Evenifyouhavenoideahowtovalueaproperty,youcanfindaRealtorwhocanvalueitforyou.Typicallythere are a lot of comparable properties to use to value real estate so the investor knows what the investment property is worth and what should be spent for the property. There are many below market properties that an investorcanfind.Notonlycanyoupurchaseapropertybelow market price, you can add value to the property once you purchase it. You can also add bedrooms, add bathrooms, update a kitchen or do many other things to increase value of the real estate. It simply is not possible for an individual investor to add a bedroom onto a stock. Therefore, real estate should be an important part of your investment portfolio.

Psst! In case you didn’t hear, there’s a shift happening in home décor. Clean lines, lighter and airier colors, and a more modern look are taking center stage in today’s luxuryhomes.Ofcourse,westillloveourregionaldesignflair,butcurrenthiphomesare lightening up and going minimalistic. Homeowners that shy away from the word modern, however, need not be dismayed by today’s contemporary take on home design and furnishings. The style is minimalistic but not completely stripped bare. We’re not talking hard plastic chairs andchromefixtures.Today’snewmodernchairs and sofa silhouettes, for example, are still comfortable but are sleek and simple. Upholstery is elegant and soft, or bright and geometric.Youwilldefinitelyseealoveofpatterned and geometric furniture, drapes, and area rugs in today’s fresh new interiors. When it comes to color, the familiar earthy tans and greens, terracotta rusts, and mustard yellows, though still popular in a regional sense, are making way for crisp and more contrasting hues. Think soft blues, whites, creams, grays, and browns which bring a clean and fresh look to tired spaces. (It’s no surprise that top paint company Benjamin Moore has named A Breath of

Fresh Air, a pale powdery blue, its 2013PaintColoroftheYear!) The effect? Simple elegance. But not everythingisserene.Lookforlively yellows to brighten spaces ...and brighten your mood. Shocks of patterned cobalt blue, say in a few occasional chairs or throw pillows, will also enliven this more contemporary style of living. In the kitchen, look for white and dark brown or black motifs. Counters are stocked with essential tools only, left bare andeasytoclean.Kitchenknick-knacksand purely decorative items are sparse, with new homeowners opting for a clean and understated look. Cabinets themselves are now often painted, with whites and creams lending kitchens an entirely fresh newlook.Distressedwoodisalsopopular,giving a unique and individualist vibe to homes. Perhaps the biggest shift in interior designfortheNewYear:Individuality.Homeowners are looking for handmade, unique items that don’t look exactly the same as all the other homes on the block. Seek out different pieces that speak to you and make you happy in your home. Sounds likeagreatwaytostarttheNewYear!

INGREDIENTS:1 tsp chipotles in adobo, minced 2 tsp mayonnaise2 limes juice1 tbsp soy sauce 1 tsp minced serrano chilies2 tbsp diced cucumber2 tbsp diced onion1 pinch chopped cilantro10mediumcookedshrimp,cutintolargepieces(3oz)

GARNISH:1/4avocado–dicedCilantro sprig

DIRECTIONS:In a small bowl, combine the ingredients in order listed, mixing well after each addition. Spoon into a 12-ounceglassorsmallbowlandtopwiththedicedavocado and cilantro.

WINEPAIRING:To represent the dish, keep this pairing light and refreshing with hints of lime and herbal notes. The acidic yet refreshing pairing will complement the flavorsinthisdishbeautifully.Ideasfortheperfectcouplingare:SparklingWine,PinotGris,DryRieslingorWhiteWineSangria.Enjoy!

CelebrationofFineArtCornerofHaydenRoad&Loop101|January11-March23480.443.7695|CelebrateArt.comTheCelebrationofFineArtiswhereartloversandartistsconnect. This juried, invitational show and art sale, now inits24thyear,featuresmorethan40,000squarefeet of working studios and works of art by 100 renowned andemergingartistsfromacrossthecountry.Duringthe10-weekevent,visitorsfromaroundtheglobewillgather to admire and acquire an unsurpassed selection of artwork in all mediums and styles from some of the continents’ most talented artists.

Barrett-JacksonWestWorld|January12-19480.421.6694|Barrett-Jackson.comEstablishedin1971andheadquarteredinScottsdale,Barrett-Jackson,theworld’sleadingcollectorcarauctionandautomotivelifestyleevent,specializesinprovidingproducts and services to astute classic and collector car owners and automotive enthusiasts around the world. The companyproducesTheWorld’sGreatestCollectorCarAuctionwherehundredsofworld’smostsought-after,unique and valuable automobiles cross the block in front of a global audience.

DreamHomeTourinParadiseValleyPVDesignCenter|January25480.326.5448|DreamHomeTourAZ.comBetransportedfromthePVDesigncentertotourthetopluxurydreamhomesinParadiseValley.EachtourbuswillhavearepresentativefromParadiseValleyInteriors,educating attendees on the variety of design concepts found within these outstanding homes! Attendees will have an opportunity to experience culinary delights in each home, representing some of the most popular restaurants foundwithinthearea.AllproceedsgotobenefitJDRFandThe Phoenix Symphony.

WasteManagementPhoenixOpenTPCScottsdale|January27-February2602.870.4162|WMPhoenixOpen.comThankstothemostfan-friendlytournamentvenueonthePGATour,theStadiumCourseattheTPCScottsdale,theOpenattractsthelargestgalleriesofanygolftournamentintheworld.When179,022fanspackedtheTPCScottsdaleduringthethirdroundofthe2013WMPhoenixOpenitresultedinanewsingle-dayattendancerecordontour.

LaBayadèreSymphonyHall|February13-16602.381.1096|BalletAZ.orgBayadèrefollowstheheartbreakingtaleofatempledancer and a young warrior kept apart in life and united only in death. With rich lavish set designs which conjure upexoticlocaleslikeTheArabianNights,thisballetwilltransportyouwithdream-likesequencestoaworldofnoble warriors, cruel princesses and beautiful temple dancers.LaBayadèrefeaturesmesmerizingclassicalperformances highlighted by the famous Shades scene, staged for the entire corps.

JANUARY|FEBRUARY2014

JAPANESE SHRIMP CEVICHE de CAMARON

SOLMexicanCocina480.245.6708|SOLCocina.com

In Good Taste Event Calendar

Building Wealth Through Real Estate Investment

Building WealthWhat’s In Your Real Estate Portfolio?

The Perfect PairingSOL Mexican Cocina’s Shrimp Ceviche + White Wine

The New MinimalSleek and Simple

January | February 2014

ISSN-1939-943XIf your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

Fireside

KEVIN OWENS, REALTOR®

Your Fireside at Desert Ridge Real Estate Specialist480.217.9184

kevin@fineAZliving.com www.fineAZliving.com

YOUR FIRESIDE REAL ESTATE SPECIALIST

THINKING OF SELLING IN THE NEW YEAR?

Call Kevin Owens today at 480.217.9184

CALL TO PRE-QUALIFY FOR A LOANPat Reiniger

preiniger@homeownersfg.com | 480.305.8562

NMLS#180869 BK#0906222

Exclusively Represented By Kevin Owens:

Fireside Cover Home Exclusively Presented By Kevin Owens

Your Fireside Real Estate SpecialistSee back cover for property details

Why Hire Coldwell Banker To Sell Your Home?

JUST SOLD BY KEVIN OWENS IN 5 DAYS FOR LIST PRICE!

3847 E. Matthew Drive | Manaro Model2,829 square feet | 4 bedrooms | 2.5 bathrooms

COVER

HOME

JUST LISTED BY KEVIN OWENS!

21009 N. 38th Place | Colima Model2,975 square feet | 4 bedrooms | 2.5 bathrooms

JUST

LISTE

D

Recently Sold In Fireside:ADDRESS SQFT BED BATH SOLD PRICE SOLD PRICE/SQFT CLOSE OF ESCROW

21255 N 36th Pl 1,519 2 2.5 $244,000 $160.63 11/08/2013 1656 W Desperado Way 1,496 3 2 $249,900 $167.05 12/06/2013 1801 W Straight Arrow Ln 1,536 2 2 $279,990 $182.29 11/12/2013 1754 W Desperado Way 1,518 2 2 $283,412 $186.70 11/08/2013 3965 E Cat Balue Dr 1,875 3 2.5 $330,000 $176.00 11/08/2013 1539 W Tombstone Trl 2,342 3 2 $367,000 $156.70 11/08/2013 1612 W Tombstone Trl 2,303 3 2.5 $380,000 $165.00 11/19/2013 28116 N 17th Dr 2,336 3 2.5 $380,000 $162.67 12/05/2013 1314 W Spur Dr 2,504 3 2.5 $380,290 $151.87 12/05/2013 1026 W Spur Dr 3,526 4 2.5 $435,510 $123.51 11/05/2013 1804 W Eagle Talon Trl 3,241 4 3.5 $480,000 $148.10 12/02/2013 21710 N 37th St 4,302 6 4.5 $765,000 $177.82 11/08/2013

According to MLS data, homes listed by Coldwell Banker sell for more money

in a shorter period of time!Make more money with Coldwell Banker:• Our sales/list price ratio is .4% higher than the industry average - that’s $1,600 more money for sellers on a $400,000 home!Spend less time on the market with Coldwell Banker:• Our listings average 51 days on market compared to an industry average of 77 days, meaning our listings spend 33.8% less time on the market.• 51% of our listings sell in the first 30 days of being on the market compared to an industry average of 32.4%.

As the #1 selling agent in Fireside, Kevin Owens can sell your home for more money in a shorter period of

time compared to other agents! Contact Kevin today to find out how!