meet ty w. cobb - caughlinhoa.comcaughlinhoa.com/pdf/crspring2011.pdfspring 2011 meet ty w. cobb...
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Spring 2011 Spring 2011
Meet ty W. CobbStatesman • Teacher • Soldier
Franz's baCkstubeAustrian Bakery Close to Home
LegisLative aCtionUpdate Regarding HOAs
Meet ty W. CobbStatesman • Teacher • Soldier
Franz's baCkstubeAustrian Bakery Close to Home
LegisLative aCtionUpdate Regarding HOAs
Board of directorSPresident
Millie BurkeVice President
Mike chernsecretary
Michele attawaytreasurer
Mike Heffnerdirectors
Larry MacneilGina PedriniKen Walters
contact informationcauGHLin rancH
HoMeoWners association 1100 caughlin crossing, suite 60
reno, nevada 89519Phone: (775) 746-1499
Fax: (775) 746-8649e-mail: [email protected]
oFFice HoursMonday — Friday 8 a.m. to 5 p.m.
puBlication produced By custom Publishing division of
PuBLisHer
Pete copeland ManaGinG editor
John seelmeyereditor & Production ManaGer
Lisa [email protected]
desiGn & Productionsayuri yamane
adVertisinG saLeschris dondero
[email protected] Zeiter
[email protected] ManaGer
Keith sampsonBusiness ManaGer
inga smith
the official magazine of the homeownerS aSSociation
VoL. 4, issue 1
Knowledgeable and experienced in our great neighborhood.
Even in our beautiful community of Caughlin Ranch, the real estate market is changing. Now is the time to use an experienced neighborhood Realtor, experienced in our local market and certified in short sales transactions. An active full time Realtor, with more than 20 years specializing in Caughlin Ranch homes and home sites as an investor, resident, and Realtor, Bonnie has also served as Board Member for the Caughlin Ranch Homeowners Association, Board Member for Eagles Nest Homeowners Association, and Advisory Board Member for Vantage Pointe. Additionally, Bonnie has been Project Sales Manager for MountainShyre, Eagles Nest, Caughlin Glen, CastleRidge and Pinehaven subdivisions (homes and home sites). Call Bonnie for questions you may have about our changing Caughlin Ranch market.
Bonnie LowderCertified Distressed Property Expert, [email protected]
775-722-1686DicksonRealty.com/Luxury
E x t r ao r d i n a r y E x p e r i e n c e .
The Food Bank always welcomes donations to make all our programs successful, including our critical food stamp assistance program.
2 Caughlinrancher | Winter 2010
The end of one year and the start of another brings with it the
opportunity and inspiration to plan for the year ahead. If we
start the year with a positive intent and set clear objectives there
is a good chance we can be successful. As I look back on the past
year I feel that we accomplished a great deal; however, there is
still much more to be done.
In addition to CRHOA’s responsibilities for day-to-day
maintenance and operations, it must also ensure that Caughlin
Ranch property values are preserved and enhanced. To serve
that end, we need to have a clear snap shot of key management
issues and a management infrastructure in place that can go
on from one Board or Manager to another seamlessly. These
elements provide a solid framework upon which we can build.
Board members are currently helping management develop
meaningful reporting and tracking systems. These will include
financial report summaries, delinquency reports with current
updates and CC&R compliance tracking so we are easily able to
review the progress of compliance. We are also producing and
approving written policies and procedures in order to provide
clear guidelines to management and transparency to our
members. This is a time-consuming and long-term process, but
we believe it is important and will provide accountability.
We are all very fortunate to
live in such a great community. A
close knit and vibrant homeowner
association is a unique opportunity
for all of us to keep our community
alive and in touch. Director
Michelle Attaway has recently accepted the Board’s appointment
as Liaison for a new Community Events Committee. We’ll be
planning some great events in the near future, but we need your
support. We invite you to join in on the community spirit by
volunteering to help organize and join your neighbors at some of
these events. If you are interested in serving on the Community
Events Committee, we invite you to call the CRHOA office at 746-
1499.
I hope you are all as excited as I am at the thought of the many
possibilities that 2011 brings.
— Millie Burke
President's Corner Working Together in 2011
Millie BurkePresident
on tHe coVer: President Reagan and Ty Cobb
aboard Air Force One en route to Geneva for
the first Summit with Soviet General Secretary
Mikhail Gorbachev. November 1985. Photo
courtesy Ty and Suellen Cobb
All Articles are the opinions and views of the author, and do not reflect the opinions or views of the Caughlin Ranch Homeowners Association, the Board of Directors, or the Caughlin Ranch staff in their capacity as employees of the Caughlin Ranch Homeowners Association.
Spring 2011 Spring 2011
MEET TY W. COBBStatesman • Teacher • Soldier
FRANZ'S BACKSTUBEAustrian Bakery Close to Home
LEGISLATIVE ACTIONUpdate Regarding HOAs
8President's corner ........................................................................... 3
8From the General Manager ............................................................ 4
8spring Landscape tips .................................................................... 4
8Meet Ty W. Cobb: Statesman • Teacher • Soldier ........................ 5
8community spirit ............................................................................ 7
8Featured Board Member: Michele attaway, secretary .............. 8
8snow removal .................................................................................. 8
8update on Legislative action ......................................................... 9
8time to talk taxes ......................................................................... 10
8recipes: Franz's Backstube .......................................................... 12
8school updates ............................................................................... 14
8Meeting dates ................................................................................. 15
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FOOD AND FUN
3Winter 2010 | Caughlinrancher
We constantly hear about the need for
excellence in customer service. However,
the challenges can be mind boggling. Look
no further than our personal lives. We all have
experienced the frustration in trying to sort out a
bill or a warranty issue by talking with a customer
service representative on the other side of the
globe. The stories for both excellent customer
service and the tales of horror are endless. Anyone
in business—especially a people business like
ours—will not be in business long unless they
provide excellent service to their customers. The
best customer service models, however, contain two components. The first is
the service your organization provides to your external customers—the folks
that make your business a growing concern. The second part of the customer
service equation, which is often overlooked, is the customer service an
organization provides to its own people or internal customers. The internal
customer service we provide to our co-workers in any business is what makes
an organization hum on all cylinders. This is not a bottom up function; it is
a top down mandate. Providing customer service to your external customers
begins with providing customer service to your employees or co-workers. If
all the people in the organization are not keenly aware of your organizational
overall mission and objectives, you will never realize your true potential to
your external customers. Again, it starts at the top with a shared vision of how
each member of your organization operates and how he or she fits into the
overall mission of your business. It should be each employee’s first objective
in providing excellent customer service to know their job and how it fits into
the overall scheme of your business.
As the General Manager, I view my role as a facilitator, referee, and a
cheerleader for my staff. One of my main jobs is to keep everyone informed
as to what is going on within the organization on a daily basis and provide
them with the necessary tools to get their job done in an efficient manner.
If a co-worker needs a tool; whether it be a hammer, a software program or
a toner cartridge to do their job; there needs to be a productive way for the
individual within your organization to make sure the wheels keep turning.
That means everyone in your organization is pro-active when it comes to
providing for each others’ needs and deadlines. It is the COO’s responsibility
to create an atmosphere or corporate culture where this type of internal
service environment can flourish. It starts with hiring individuals who have
the specific talent for the position, but it also means hiring people who share
your organization’s visions and goals. I have met many talented individuals in
my career but also some I never want working in my organization because they
lack the spirit of cooperation and sense of vision. It is the COO’s responsibility
to set the stage for the employees to thrive. We are continually dedicated to
doing this here at Caughlin Ranch and we are mandating excellent customer
service both internally and externally.
— Paul Hershey
Paul HersheyGeneral Manager
FroM the generaL Manager Internal Look to Operations
By randy Lisenby, Landscape Supervisor, Caughlin Ranch
general Maintenance Rake up leaves and twigs
Prune any damage on trees and
shrubs from winter storms
Aerate lawn (I like to rake up the
plugs)
Top dress lawn with 1/8” of top soil
Fertilize
irrigation system (this is important)
1. Charge the system.
2. Check main line and drains for
leaks.
3. Check sprinkler heads for any
damage. Run the system for a few
minutes (1-2) and look for puddles
around the head. This will tell you if
there is any damage at the base of the
head.
4. Check drip system for cracks in the
line and missing emitters (rakes love
emitters).
5. Replace battery in your control
clock.
Planting
Fall is the best time for planting,
based on cooler temperatures. If you
plant in spring or summer, you will
need to water more and place mulch
around the base of the plant to help
maintain moisture and keep the root
system cool.
When amending your soil be careful
not to add too much to the native
soil. Root systems will remain in the
amended area and not spread out. It
is important for the root system to
spread out to obtain water and food.
With trees it’s important that the root
systems spread out to help anchor the
tree in wind.
SpRIng LAndSCApe TIpS
4 Caughlinrancher | Winter 2010
Meet ty W. cobbStateSman | teacher | Soldier
story by Lisa Gormanphotos courtesy ty and suellen cobb
No — he’s not related to the famous baseball player nicknamed
“The Georgia Peach” but he did help produce one of the most
successful foreign policy strategies in history and was a
confidant of one of the most influential and charismatic figures
of the twentieth century — our nation’s 40th president.
Meet Caughlin Ranch resident Dr. Tyrus William Cobb, Special Assistant
to President Ronald Reagan for National Security Affairs and Senior
Director of International Programs and Technology Affairs for the National
Security Council from 1983 to 1989. As Ty recalls, “It was pretty much
A family gathering at Ty and Suellen’s home in Juniper Trails. Pictured L-R: Ty Cobb Jr. (former Nevada State Senate Assemblyman) Janie Sue Beyer, Mark Beyer, Suellen Cobb, Lauren Beyer, Kevin Beyer, Hosanna Fuller, Ty W. Cobb, Sophie Fuller, Jacquelline Fuller, John Fuller and granddaughter Lizzie Cobb a 6th generation native Nevadan.
5Winter 2010 | Caughlinrancher
24-7-365.” As Director of Soviet and
European Affairs, his responsibilities
included coordinating Allied strategies
for dealing with the former USSR. He
also managed U.S. policy on issues
impacting the global environment,
nuclear proliferation, international
science and technology agreements,
global arms sales regulations and U.S.
cooperation with the United Nations and
other international organizations.
A third generation, native Nevadan, Ty
attended Reno High School, graduated
from the University of Nevada, Reno with
a degree in Political Science and headed
off to join the Army where he served for
25 years — retiring as a colonel. He was
initially stationed near Venice where his
fiancé Suellen joined him and they were
married.
After two tours in Viet Nam in Infantry
and Intel posts and training as a Soviet
Specialist, he was assigned to
Washington D.C. in 1977 and worked
at the Pentagon in Army Intelligence.
A year later Ty was assigned to the
US Military Academy at West Point
where he served on the faculty for
seven years teaching courses on
International Relations and earned
his Ph.D. He was offered a position
as Director for Soviet, Canadian &
European Affairs for the National
Security Council in 1983. He
accepted.
At the start of Reagan’s
administration, Ty was on an
exchange in the Soviet Union and
was asked to submit strategy papers
regarding the long-range strategic
position of the United States with the
Soviet Union. Not long after, he was
invited to join the National Security
Council as Director of Soviet,
Canadian & European Affairs. He
helped organize both the Geneva
and Reykjavík summit meetings
and devised NATO/West policies for
dealing with the USSR to promote
positive change and maintain
consensus among allies.
With his National Security Council
service spanning the tumultuous
tenures of Brezhnev, Andropov,
Chernenko and Gorbachev, Ty
recalls how President Reagan was “a
calming influence in an always-tense
atmosphere. He would pass around
jelly beans in Cabinet meetings and
tell jokes to lighten the atmosphere.
It was a wonderful way to convey that
we could all sit and discuss things in
a civil manner.”
Known throughout the world for
his clever quips and one-liners,
Reagan is quoted as saying, “You can
tell a lot about a fellow by the way he
eats jelly beans.” “He was also a very
humble man,” Ty recalls. “A plaque
Reagan placed on his desk in the oval
office read ‘There is no limit to what
a man can do, or where he can go, if
he doesn’t mind who gets the credit.’
It speaks volumes.”
Ty was honored to join friends
and admirers of the Reagans over
the February 5-6 weekend at the
Presidential Library in Simi Valley,
California for the Ronald Reagan
Centennial — a celebration of his
life and what would have been his
100th birthday. During the course
of events, Ty was curious how many
of his White House documents were
stored in the archives of the library
and was astounded when told they
totaled 35 cubic feet! When he
asked the archivist if he could take
(Top left) Ty W. Cobb and his wife Suellen. (Above) Ty in front of Air Force One upon his return from the November 1985 Brussels Summit. (Bottom left) An audience with Pope John Paul II. during a presidential visit in Vatican City, June 6, 1987.
6 Caughlinrancher | Winter 2010
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a look, he was informed that was not
possible because he no longer had
the necessary security clearance. To
which Ty replied with a smile, “But I
wrote them.”
After his term at the White House, Ty
became President and CEO of Business
Executives for National Security based
in Washington. The Cobbs moved
back west with their three children
when he became President/CEO of
the Yosemite National Institute – a
non-profit organization focused on
introducing students to the beauty of
national parks through field science
education and leadership programs.
But home was calling.
Ty’s family has been deeply rooted
in Nevada history since the mid-1800s.
His grandfather, William Cobb, was
a miner, semi-professional baseball
player and stage driver. He served
as Sheriff of Storey County and later
became a State Assemblyman and
State Senator. Ty’s father, the late Tyrus
Richard Cobb, was a local newspaper
legend fondly known as “The Kid on the
Comstock” and author of the popular
editorial column, “Cobbwebs.” His
wife Suellen’s grandfather, Fred Small,
served as Sheriff for Churchill County
and later became a State Assemblyman.
This seems to be a family tradition;
Ty’s son, Ty Cobb, Jr. served two terms
in the Nevada Assembly. It was most
unusual for a sitting Assemblyman to
have had two great-grandfathers who
served together in the Assembly (1931-
33)!
The Cobb family returned to Reno in
2002 and set about the task of finding
a new home. It seemed like they would
never find just the right one until
Suellen discovered a lovely home in
Juniper Trails which turned out to
be one of the first homes built in the
area. They bought it on the spot and
couldn’t be happier with their choice.
The rest, they say, is history.
Ty is currently Chief Executive
Officer for the Northern Nevada
Network — an organization that
provides information regarding
current issues impacting Northern
Nevada to leading members of the
Reno-Sparks business community.
He’s also the Civilian Assistant to the
Secretary of the Army for Nevada and
an expert speaker on current affairs
and political realities — particularly
regarding national security affairs.
Ty also tours as a speaker sharing his
personal insights as a participant in
many private meetings with numerous
world leaders including Mikhail
Gorbachev, Margaret Thatcher, Brian
Mulroney, Helmut Kohl and Pope John
Paul II. He is most proud to speak of
“The Greatness of Ronald Reagan.”
Reflecting back on his tenure at
the White House, Ty recalled, “Who
can forget what Ronald Reagan
accomplished in his Presidency,
particularly in restoring our faith in
America and in ourselves. The image
of him standing in front of Berlin’s
Brandenburg Gate demanding, ‘Mr.
Gorbachev, if you truly want peace…
tear down this wall!’ Within a year of
his leaving office the Berlin Wall did
indeed come down. The two Germanys
were reunited and a united Germany
joined the NATO Alliance. Finally, in
1991, the Soviet Union itself collapsed.
Reagan also had a special relationship
with Pope John Paul II, a partnership
that accelerated, if not caused, the fall
of Communism in East Europe.”
In a tribute Ty wrote on the occasion
of President Reagan’s 100th birthday,
he refers to the President’s final
address from the Oval Office where he
returned to his theme of the Shining
City on the Hill he wanted us all to
strive for. “My friends,” he said, “We
made the city freer and we left her in
good hands. All in all, not bad at all.”
Ty concurred. “Yes Mr. President, we
agree, not bad…not bad at all. Happy
100th birthday!”
COmmUnITy SpIRITby Katrina Rehkop
For the last four years, a few folks in the Caughlin Creek Community have shown their appreciation for the Caughlin Ranch landscape crew by hosting an annual BBQ. It was an idea that began with Carol and Brad Tretten and support came quickly from some of their neighbors: Jean & Joe Beloso, Sandy & Norm DeHaven, Carol & John Douglas, Liz Irvine, and Joanne & Reese Perkins.
Mr. Tretten said it is a great way for the crew to get to know some of the homeowners and an opportunity for us to say thanks.
“It is great way to show our appreciation and it looks like everyone enjoys it! We go through an amazing amount of burgers,” said Liz Irvine.
“It is something the crew looks forward to every year,” said Supervisor Randy Lisenby. “It lets them know they are appreciated. My crew works hard and they take great pride in maintaining the beauty of Caughlin Ranch.”
7Winter 2010 | Caughlinrancher
Michele was elected to the
board in November 2009 for a
2-year term. She was Board Li-
aison to the Employee Benefits
Committee in 2010 and is cur-
rently the Board Liaison to the
Community Events Committee.
Caughlin Rancher (CR): Tell us a
little about your work history and when you came to Reno.
Michele: I moved to Reno in the early ‘80s and worked at
advertising agencies and then on the client side as Adver-
tising Manager at Harrah’s Reno. For the last 13 years I
have worked in community building, marketing and sales
- at ArrowCreek and then Somersett. After a fun-filled
6-month sabbatical, I joined my brother’s real estate bro-
kerage, HomeGate Realty. My father was a Realtor and my
other brother works in Chicago as a real estate appraiser. It
was about time I joined the family biz.
CR: So what is your current position at HomeGate?
Michele: I’m a Realtor and Certified Distressed Property
Expert, specializing in selling wonderful homes to won-
derful people.
CR: What made you want to become involved with the
CRHA Board?
Michele: When I was setting up the Homeowners Associa-
tions at ArrowCreek and Somersett, I investigated other
associations across the country to glean their best dem-
onstrated practices. I strongly believe that homeowners
associations are vital to maintaining and enhancing the
members’ property values, but building a strong sense
of community is also very important and essential to the
Featured Board memberMichele Attaway, Secretary
We had a lot of snow in late February, and Randy
and his crew did an excellent job keeping up with the
snowfall. An issue that comes up every year is what the
individual homeowner can do to assist, not only Randy
and the CR crew, but also the city and county crews.
Personal responsibility should be exercised when
removing the snow from your individual driveways
and sidewalks. “ Personal” in that the snow you remove
should be pushed to the sides of your driveway and not
into the street or onto sidewalks.
This year, there is an increasing trend for homeowners
to blow or push the snow from their property out into
the street. When this activity takes place after the crews
have cleared the area, the snow sits and more often
than not, turns to ice making it much more difficult to
remove.
Please be aware that any sidewalk that abuts your
property is your responsibility to maintain. Both
Washoe County and the City of Reno have codes in
place to ensure public safety. By law, a homeowner is
responsible for keeping the sidewalk free of snow and
ice.
Please refer to our website www.caughlinhoa.com for
the internal snow removal policies currently in place.
snoW reMovaLby Paul Hershey, General Manager
Courtesy photo
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8 Caughlinrancher | Winter 2010
As I have stated in board meetings, one of the things
we will be doing over the next year is monitoring the
legislative action that is taking place inside the state
of Nevada. Presently, there is a Senate Bill #174 that
has been proposed by Senator Copening which has
changes to the NRS 116 statute that we operate under
presently.
The changes that are being proposed in this bill
are both instrumental and positive in moving us
forward as an association and for doing business in
the state of Nevada. Some of the stipulations that
are being considered in this new bill are provisions
governing meetings of the unit owners; meetings
of executive boards; revising provisions governing
the maintenance and repairs of the walls within a
common interest community; revising insurance and
bond requirements for unit owners and community
managers; revising provisions relating to the
maintenance of investment of Association funds; and
making sure that we are operating within the statutes
of NRS 116.
UpdATe On LegISLATIVe ACTIOnby Paul Hershey, General Manager
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members’ happiness. The CRHA Board recently approved
the formation of a Community Events Committee and a
small budget to support their activities. Watch the news-
letter for upcoming events.
CR: Are you involved with any other community organiza-
tions?
Michele: I love our community and think it’s important to
get involved. I'm on the board for Animal Ark and Nevada
Women’s Fund as well as the City of Reno Arts and Culture
Commission and the City of Reno Redevelopment Advi-
sory Board.
CR: What do you like best about living in Caughlin Ranch?
Michele: We moved to Caughlin Ranch for the location and
the trails. I’ve lived here for almost 9 years and enjoy my
neighbors and everything about our community. You’ll of-
ten see me, John and our two dogs, Misha the Jack Russell
Terrier and Lucy the Afghan Hound, walking the trails or
playing in the park. I’m looking forward to the community
events in the park this summer as an opportunity to get to
know more Caughlin Ranch residents.
Jeannie CassinelliCertified Residential SpecialistGraduate Realtor Institute
I have lived and worked in Caughlin Ranch for the last 23years and I’ve seen it all. If a realtor could truly be called a“neighborhood specialist,” it would be me. I have over 115sales transactions in the Ranch, representing both buyersand sellers. If anyone knows the Ranch inside out, it’s me. If you’re thinking about buying or selling, call me, 742-2846.
Over 115 Sales in Caughlin Ranch
Dickson Realty(775) 742-2846
Your Genuine Caughlin Ranch“Neighborhood Specialist”
Represented the SellerJuniper Trails: 105 Sawbuck RoadCaughlin Crest: 3907 Vista Crest DriveVantage Point: 4783 Bradford LaneEvergreen: 3521 Cheechako CircleDeer Creek: 1580 Caughlin Creek Road (Pending)
Represented the BuyerCaughlin Glen: 760 Caughlin GlenWest Pointe: 3801 North West Pointe (Pending)
Jeannie’s Recent Neighborhood Sales
Caughlin Rancher 9-13 9/21/10 2:04 PM Page 1
9Winter 2010 | Caughlinrancher
1. Capital Gains and LossesCOnSIdeRATIOn With nearly every area of individual taxes in
limbo right now, the typical considerations—the ones that
guide using your current and past gains and losses to help
in minimizing your current and future tax exposure—
become magnified.
STRATegy Your tax professional can run a preliminary
analysis of your 2010 tax situation. He or she can look at
carryovers of tax losses and advise you as to whether any
potential losses on depreciated securities would be more
valuable in 2010 or in future years.
2. Portfolio AllocationCOnSIdeRATIOn The volatile financial markets may have
thrown your portfolio allocation out of line. Year-end is
a good time to check your asset allocation, and—just as
importantly—to reassess your long- and short-term goals in
light of any changes in your life and the financial markets.
STRATegy Review your existing financial plan with your
Financial Advisor—or create a plan for the first time. Once
you have reviewed your goals, you can work together to
access the investment expertise of the Morgan Stanley
Smith Barney Global Investment Committee, which
regularly publishes recommended asset allocation
strategies for many investment objectives.
3. RetirementCOnSIdeRATIOn High-income investors now have the
opportunity to convert assets from a Traditional IRA or
employer-sponsored retirement plan to a Roth IRA. With a
Roth account, the retirement assets you are working hard
to build now will one day become retirement income, free
of tax.¹ ³
STRATegy To help you decide whether a Roth IRA makes
sense for you, your Financial Advisor can prepare a Roth
Conversion Analysis. This report will show you the after-
tax potential future value of your IRA balance, comparing
the outcome of your current Traditional IRA with that of
a Roth IRA. You’ll also be able to see the wealth planning
advantages of “stretching” a Roth IRA over multiple
generations and the benefits of including income from the
conversion over the next two years.
With the current tax and legislative environment
pointing toward a trend of higher personal income tax
rates, consider the advantages of a Roth conversion in 2010.
You’ll have the option of paying the conversion taxes now,
at a potentially lower rate, or spreading the tax payment
across two years by including half the income in 2011 and
half in 2012 at rates in effect in those years.
4. Gifting to Individuals and CharitiesCOnSIdeRATIOn After 2012, unless there is legislation to the
contrary, estate taxes are scheduled to return to rates
that are higher than they have been for many years. If
you plan to leave an estate to your heirs, you may want to
strategically transfer assets by next year, free of gift tax,
rather than later, when they may be subject to the higher
estate tax rates.
STRATegIeS In 2010, you could gift up to $13,000 ($26,000 for a married
couple) free of gift tax to an individual or noncharitable
entity. You can accelerate your gifting in the current year;
for instance, by contributing to a 529 college savings plan
you can remove up to $130,000 (jointly) from your taxable
estate.²
If you want to use appreciated stock to make a charitable
Time to Talk TaxesWhat does the future hold for US taxpayers in 2011 and beyond? While there’s no crystal ball
to accurately answer that question, it’s likely that Congress will tackle our taxes now that the
midterm elections are behind us. And, with current tax and legislative headwinds trending
toward higher personal income tax rates, it’s time to talk taxes with your financial advisor and
your tax professional. Together, you can evaluate ways to potentially minimize your current tax
situation and fend off future tax exposure.
Article courtesy Armina Karapetian, Morgan Stanley Smith Barney Financial Advisor
SIx TIMeLy TAx TACTICS foR UnCeRTAIn TIMeS
10 Caughlinrancher | Winter 2010
donation, do so before year-end to qualify for a potential
income tax deduction this year and avoid paying any
applicable capital gains taxes on the appreciation. You can
also arrange to contribute long-term appreciated stock to a
donor-advised fund, which is a relatively low-cost, flexible
way to manage charitable giving.
5. Tax CreditsCOnSIdeRATIOn If you made energy-saving improvements to
your home or purchased a new home by April 30, 2010, (if
you entered into a binding contract by April 30, 2010, you
needed to close (go to settlement) on the home on or before
Sept. 30, 2010), you may be able to claim a tax credit that
could reduce your tax liability dollar-for-dollar.
STRATegy Review your receipts for home improvements with
your tax professional to see if you qualify for these credits.
6. Business ownersCOnSIdeRATIOn Like individuals, business owners need to
prepare for possible tax increases. They may also be affected
by the Small Business Jobs Act of 2010, which extends the
depreciation bonus for a year, among other provisions.
STRATegIeSBusiness owners may want to revisit certain strategies—
including when to take capital gains and losses and whether
or not to make installment sales—in light of possible tax
increases.
The extension of the 50% depreciation bonus may allow
some companies to preserve or increase cash flow by
reducing their current tax liability.
If your company has a 401(k), 403(b) or 457(b) plan, you
may be able to offer employees the opportunity to convert
their existing retirement account to a Roth account. Review
your plan document or check with your attorney or your
plan provider to see if this is an option under your plan.
Articles are published for general informational purposes
and are not an offer or a solicitation to sell or buy any
securities or commodities. Any particular investment should
be analyzed based on its terms and risks as they relate to your
specific circumstances and objectives.
Tax laws are complex and subject to change. Morgan
Stanley Smith Barney LLC, its affiliates and Morgan Stanley
Smith Barney Financial Advisors do not provide tax or legal
advice. This material was not intended or written to be
used for the purpose of avoiding tax penalties that may be
imposed on the taxpayer. Individuals are urged to consult
their personal tax or legal advisors to understand the tax and
related consequences of any actions or investments described
herein.
Asset allocation does not assure a profit or protect against
loss in declining financial markets.
The appropriateness of a particular strategy will depend
on an investor's individual circumstances and objectives.
¹ Distributions of earnings are tax-free if made at least
five years after the year of the taxpayer’s first Roth IRA
contribution and after age 59 ½ or due to death, disability or
for a first-time home purchase. Withdrawals of contributions
are not taxed.
² No further annual exclusion gifts and/or generation-
skipping transfers to the same beneficiary may be made over
the same five-year period, and the transfer must be reported
as a series of five equal annual transfers. If the donor dies
within the five year period, a portion of the transferred
amount will be included in the donor’s estate for estate tax
purposes.
³ If you already have a Traditional IRA with pre-tax dollars
(i.e. deductible contributions, rollovers from qualified plans),
you should consult your tax advisor about the aggregation
rules that will apply if you convert any Traditional IRA to a
Roth IRA.
© 2010 Morgan Stanley Smith Barney LLC. Member SIPC.
Not valid or combinable with other offers. One offer per customer.Mention PROMO CODE 3035 and present this offer to server or driver.
Offer valid for in-store use or for delivery. EXPIRES: 5/31/11
4782 Caughlin Pkwy., #503
(775) 384-1900Order online at: www.extremepizza.com
Any order over $18$$
11Winter 2010 | Caughlinrancher
3882 Mayberry Dr., Reno | (775) 624-2921 Tuesday–Friday 7 a.m.–5:30 p.m. | Saturday 7 a.m.–5 p.m. | Sunday 7 a.m.–3 pm.
Franz Hauser
Croquembouche (above)
The croquembouche is an arrangement
of filled and caramel-coated small cream
puffs piled up in a pyramid shape. This
decadent French dessert is traditionally
served at weddings and Christmas
dinners. To make a croquembouche, you
must first bake 48 to 50 1-inch cream
puffs which are a combination of puff
pastry and pastry cream.
Puff Pastry • 1 cup milk• ½ cup unsalted butter, at room temperature
franz’s Backstube austrian Bakerystory by chérie turner photos by Peter spain
Franz Hauser opened his Austrian
bakery in Mayberry Landing eight
years ago. From the moment he
opened the doors, the endeavor has
been a complete success. Hauser
comments that on most days, all of
the sumptuous, colorful, cream-filled
pastries sell out.
Perhaps it was Hauser’s reputation
that fueled the Backstube—German
for baking room—frenzy from the get
go; for seventeen years he had served
as the head pastry chef at what is now
the Grand Sierra Resort when it was the
MGM, Bally’s, and then the Hilton. Or,
perhaps it is the fact that everything
served at Franz’s, from the sweets
in the case, to the decadent-looking
cakes spinning round and round on
display, to the Austrian goulasch, is
made on the premises with the best
ingredients.
Hauser hails from Vienna, Austria.
His life as a pastry chef began almost
by chance. As Hauser tells it, he had
to pick a trade when in school, so he
picked pastry-making. He’s been
creating delicate sweets ever since. He
came to the U.S. in 1973 and worked in
Los Angeles and Las Vegas until 1978
when he relocated to Reno and the
MGM.
Among the many delicious European
offerings that can be found at the
Backstube are Linzer Tortes—the
oldest known cake recipe—as well as
Austria’s most famous cake, the Sacher
Torte. The menu rounds out with
more savory fare, such as quiche. The
bakery also serves up coffee drinks, a
delicious companion to the delicious
sweets.
12 Caughlinrancher | Winter 2010
AT RENOWN, THEY HAPPEN
EVERY SINGLE DAY.
They use the most advanced technology to
destroy complex tumors in just minutes a
day. They stop deadly heart attacks before
they can do serious damage. They perform
life-saving surgeries and have patients back
on their feet in no time. They’re always
working, beating the odds, and changing
lives, 24 hours a day. They’re the expert
hands you’ll find at Renown. And they make
the remarkable happen every single day.
See stories of remarkable recoveries at
RemarkableRecoveries.renown.org.SKILL. EXPERTISE. TECHNOLOGY.
• ¼ teaspoon salt • ½ teaspoon sugar• 1 cup all-purpose flour, sifted• 4 eggs
1. In a saucepan, bring the milk, sugar,
salt, and butter to a boil. 2. Add the flour
slowly, stirring constantly until all is
blended to a smooth paste.
3. Remove from heat and add the eggs
one at a time. Whip until all eggs are
combined and all is smooth. 4. Preheat
oven to 425 degrees and brush several
heavy large baking sheets with butter.
5. Spoon half of dough into a large
pastry bag fitted with plain ½-inch
round tip. 6. Pipe ¾- to 1-inch mounds
onto baking sheets, spacing apart.
7. Press peaks down onto mounds
using moistened fingertip. 8. Bake until
golden and puffed, about 20 minutes.
9. Turn off oven. 10. Pierce side of each
puff with small sharp knife. 11. Return
puffs to oven for 10 minutes to dry
interior. 12. Repeat with remaining
pastry.
Pastry Cream• 3 egg yolks• ¹/³ cup sugar• 2 tablespoons cornstarch• 2 tablespoons all-purpose flour• 1 cup milk, scalded• 1 teaspoon vanilla
1. In a large bowl, beat the egg yolks
with the sugar until the mixture is
lemon colored. 2. Add the cornstarch,
flour, and vanilla a little at a time. Whip
until smooth. 3. Add the hot milk and
beat until well mixed. 4. Transfer the
cream to a saucepan and bring to a
boil, stirring constantly with a wooden
spoon. 5. Simmer for three minutes.
6. Remove from heat and pour the
cream into a bowl to chill. 7. Cover with
buttered wax paper. 8. Once chilled,
spoon some of pastry cream into pastry
bag fitted with plain ¼-inch tip.
9. Insert tip into score on each puff and
fill with cream. 10. Repeat until all puffs
are filled.
Caramel• 2 cups confection sugar • 1 cup water• 1 teaspoon cream of tartar
1. Put the sugar, water, and cream
of tartar in a heavy stainless steel
saucepan, and bring to a boil. 2. Boil
until it turns to a caramel/brownish
color. 3. Remove from heat and place
the pot into a large bowl filled with ice
cubes to cool.
assembly1. Dip pastry cream–filled cream puffs
in the hot caramel and place the puffs
on a 12-inch round plate one by one
with a fork to create a 10-inch circle.
2. Fill the inside of the circle with
puffs and continue putting caramel-
dipped puffs on top of each other in
smaller and smaller circles to create
a 10-inch high pyramid. 3. Decorate
with buttercream flowers and leaves,
caramel “thread,” or assorted candies.
13Winter 2010 | Caughlinrancher
Roy gomm elementary} multicultural night Wednesday, May 4th, 7pm
} Annual Roy gomm yard Sale Saturday, May 14th
Caughlin Ranch elementary} Spring Auction This year’s Art Auction will be on May
6, 2011 at Caughlin Club. This year’s event will include
dinner, wine and beer, live music and plenty of great items
on which to bid. We will auction our students’ incredible
classroom creations along with great items donated by
our community. We already have four Disneyland Park
Hopper tickets, gift certificates to area restaurants, UNR’s
KIDS University and area arts studios like Flicker and
The Clay Canvas. We are hoping to raise enough money
to purchase the last remaining Promethean ActivBoards
for our school. If you are interested in making a donation
or would like more information, contact Kim Knutson at
848-5962.
Reno High School} The Reno High School Band presents:
“America Loves Rock and Roll” Featuring the Reno High Jazz, Symphonic/Concert and percussion Bandsmaster of Ceremonies, Lee WarnerWhere: Reno Sparks Convention Center Ballroom
When: April 6, 2011
Tickets: $15.00 or 2 for $25.00. Seniors/students $5.00; table
of eight $100
Silent Auction opens at 6:30pm; Music and Dancing 7-9pm;
Dessert, Coffee, No Host Bar. The RHS Band is fundraising
for new Marching Band uniforms, (we are a third of the
way to our goal). We invite you to a fun filled evening.
If you are unable to attend we are gratefully accepting
contributions. Conductor’s Circle $5,000; Percussion
$2,500 - $4,999; Tuba $1,000 - $2,499; Saxophone $500 -
$999; Piccolo $100 - $499.
For tickets contact: Lora Stone: 829-0670 or [email protected]
All other inquires: Nancy Petralia [email protected]
} Spring Break April 11th-15th
} memorial day No school on Monday, May 30th
} Last day of School Wednesday, June 8thCall 850-2155 for more information
Does your company or organization have a special publication need?
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We can handle the design,
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Sign up for our weekly Events Newsletter at reno.com/newsletter
Sign up for our weekly Events Newsletter at reno.com/newsletter Reno Aces/D
avid Calvert
A Private Paradise
EXPER IENCE • KNOWLEDGE • TRUST
Call Your Realtor Alan Hoffman, Broker/Owner to view any Caughlin Ranch home.
6900 So. McCarran Blvd., Ste. 1040, Reno, NV 89509
775-826-9696homegaterealty.com
A Rare Opportunity3855 Chinook Creek Road
Located in the Gated Community of Caughlin Creek
2,668sq.ft., 3bedrooms, 2.5 baths, 3 car garage. Offered at $369,000
14 Caughlinrancher | Winter 2010
Kids Camps 2011Kids Camps 2011
For more information or reservations call 747-6072
www.caughlinclub.com
at the Caughlin Kidz Club
Fitness & Nutrition CampApril 11th - April 15th
Kids ages 10 - 14
Summer Camp Adventure Club & Explorer Club
June 13th -August 27thKindergarten - 6th grade
Teen Activity TripsJune 24th ∙ July 22nd ∙ August 26th
(775) 747-6006 www.caughlinclub.com
*Limited Time Offer. Some Conditions Apply
* Join the clubtoday as a NEW member with an
18 month commitment for the price of
12 monthsGood Neighbor Promotions for
caughlin ranch residentsSee Management for Details
RENO’S PREMIER FAMILY FITNESS & TENNIS CLUBCAUGHLIN ATHLETIC CLUB
Everything You Could Need & More
Come In Today and find out what you have been missing!
Come In Today For A Tour!
Expect More From Your Fitness Center
Indoor Basketball & Volleyball Gym • 9 Year Round Tennis Courts
75’ Year round swimming pool • Spa, Sauna & Steam Room
Licensed Pre-School & Childcare • Before & After School Programs
Certified Pendola personal training • Licensed Massage Therapists
Barbieri Manual Therapy • Family & Adult Social Events
Full Service Cafe • Innovative Group Classes • Cardio Theater w/cable
Cybex Strength Equipment • Full Service Locker Rooms
2011 Board of directorS meeting dateS & other important dateS
NOTICE: NRS 116.3108 and 116.31083 provide for Notices of the Annual Homeowners’ Meeting and a Meeting of the Executive Board of the Caughlin Ranch Homeowners Association (“Association”) must state the time and place of the meeting and include a copy of the Agenda for the meeting or the date on which and the locations where copies of the agenda may be conveniently obtained by the units’ owners. Agendas are available at the Office of the Association, 1100 Caughlin Crossing, Suite 60, Reno, NV 89519, ten (10) calendar days before the scheduled meeting. All Board meetings will take place at the Caughlin Ranch Elementary School at 7 p.m. unless otherwise noticed. YOU ARE ALSO NOTIFIED OF THE RIGHTS OF A UNIT’S OWNER TO: (a)Have a copy of the minutes or a summary of the minutes of the meeting provided to the unit’s owner upon request in an electronic format at no charge or, if required by the executive board upon payment to the association of the cost of providing the copy to the unit’s owners. (b) Speak to the association or executive board, unless the executive board is meeting in executive session.
}April 27 : Board of directors meeting
}may 18 : Board of directors meeting/Workshop
}August 10 : Board of directors meeting/First Budget meeting
}September 7 : Board of directors meeting/Second Budget meeting
}October 12 : Candidate Forum
}november 9 : Annual Homeowners meeting & Board of directors meeting
}december 7 : Board of directors Workshop/Orientation
dates subject to change. Workshops and planning sessions will be added during the year. please visit our web site at caughlinhoa.com to stay informed regarding any changes to this schedule.
The following are the proposed meeting dates for the Caughlin Ranch Homeowners
Association Board of Directors. The Board meetings will be held at the Caughlin
Ranch Elementary School located at 4885 Village Green Parkway unless otherwise
notified. The Executive Session will be held prior to the Board Meeting. The Board
meetings will be held from 7 p.m. to 9 p.m.
15Winter 2010 | Caughlinrancher
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