newsletter - nr 06

www.jalousie-enclave.lc 1

NEWSLETTER 2009 Nr. 6 (previous editions available online at www.jalousie-enclave.lc)

WE HAVE ADDED NEW CONTENT TO OUR WEBSITE, CHECK US OUT!

August 21, 2009

Inside this issue: *

Three Bedroom Villa Update *

2009 EMMY Awards *

Buyback Program to end *

Select Architects Custom Home Architects

* Andrew Piltie, General Manager

* Construction Tenders Opened

August 7th *

New Land Appraisal *

US Embassy comes to St Lucia *

Title Insurance *

UK’s St. Lucia Investment *

New Ferry Service to start *

IRS 1031 Program *

Jalousie Enclaves’ Selling Model Better than Fractional Economics

* Facts to Remember About St. Lucia

The Jalousie Enclave adds a Three Bedroom Villa Design At the request of several sales representatives, The Jalousie Enclave commissioned our architect,

Jerry N. Phulchere of EDGE Architecture, to design a three bedroom villa, giving clients

more options for their vacation/ retirement paradise home. The design adds a curved stairway to

the second floor, and a 700 SF Master Bedroom. Included with the third bedroom is a full bath, walk in closet, three balconies, and private gazebo from which the magnificent vistas of Jalousie

Bay can be taken in. The three bedroom Villa are 3,495 sq ft under roof compared to 2,795 sq ft

for the two bedroom villa. See pages seven thru nine for new plan details.

The Jalousie Enclave Selects 7 Renown Architects to Provide 5-Star Designs and Support for Custom Homes.

We are pleased to announce the selection of 7 architect’s for the design of Custom Homes at The

Jalousie Enclave. Clients will be able to chose from the following top rated architectural firms to

create their own personal Custom Home: Edge Architecture, International Design Consultants, Kobi

Karp, Garcia Stromberg, Affiniti Architects, Perkins & Eastman and Architect Design Group. More information about these firms can be found in our next Newsletter and our website.

Andrew Piltie, Gerald Manager

The Jalousie Enclave.

Andrew has been with Ja-lousie Enclave since 1994. On page two you will be introduced to Andrew and learn why he is a Key person in our future.

As you know, all the winners and presenters of the EMMY Awards receive a special

Gift Bag as a remembrance of this great event in their lives. In that bag will be The

Jalousie Enclave brochure with a special invitation inviting them to come to St Lucia

and experience what The Jalousie Enclave has to offer. A special thanks to Evelyn Paul, a St. Lucian American, of Luxe Provisions for making this happen. Evelyn’s

Architects of Leisure, Luxe Provisions, is located in Atlanta Georgia and Rodney Bay,

Lt. Lucia (www.luxeprovisions.com). Evelyn attended The Institute of Culinary

Education and has her own website offering a dining alternative and many

wonderful recipes (www.evelynpaul.com).

The Jalousie Enclave will have a presence at the 2009 EMMY Awards

Evelyn Paul

VILLA BUYBACK PROGRAM TO END ON NOVEMBER 30, 2009

Buy now while you can benefit a lower pre-construction purchase

program. This is an outstanding opportunity to be guaranteed a return

on your investment. Once construction starts, the program will end. See

page 9 for the details of this once in a lifetime investment bonanza.


An interview with The Jalousie Enclave General Manager, Mr. Andrew Piltie

Describe your position at The Jalousie Enclave.

I am the General Manager for The Jalousie Enclave. I currently oversee the project’s entire workforce and I will continue on as GM once the development is complete. Right now I am responsible for about 30 employees, and I coordinate the work of the architects, engineers and surveyors. Once construction is in full swing I anticipate that we will have a work force of over 200 people. I also act as a liaison with the St. Lucian government including the ministries which have a direct impact on the Jalousie Enclave development.

Tell me about your education and your career prior to working at The Jalousie Enclave.

I studied in the United States and the United Kingdom, first at Georgetown University in Washington, D.C. After Georgetown I completed my studies in political science and labor management relations and earned my bachelor’s degrees at St. Josephs University in Philadelphia. I returned to St. Lucia and became the human resources manager for the St. Lucia Air and Seaports Authority. In 1987 I moved to Canada where I became the Regional Human Recourses Manager for Linde, a division of Union Carbide Canada Limited. Later on I became a labor relations consultant to the department of personnel for the government of the Northwest Territories in Canada. Upon my return to St. Lucia in 1994, I became the director of human resources working for Mr. Mahvi at Jalousie Plantation. In 1999 I received my masters from the University of Westminster in London in Human Resources Management and returned to St. Lucia to serve as the Executive Director of the St. Lucia Employers Federation.

How did you come to work for Pascal Mahvi?

I was recommended to Mr. Mahvi by a friend. After an interview with him and Monty Zullo, I was offered the position of director of human resources. I worked there first as a consultant and later full time. I stayed there for a short time when Hilton was hired to manage the hotel, but then Monty called and said he and Pascal needed me again for a new venture, The Jalousie Enclave.

What are some of the challenges you face in your role at The Jalousie Enclave?

Since I joined the project there have been many challenges. I took many years for the government to give us the necessary permits. I wrote countless articles in all the St. Lucian newspapers, and appeared on TV and radio to petition the government to allow the project to move forward. Ultimately we were successful. We now have all of our permits and everything is approved. The Jalousie Enclave will bring countless improvements to St. Lucia including the creation of much-need jobs.

What inspires you?

I am driven to see this project through to completion. We have put a lot of effort into The Jalousie Enclave and we are excited to see it realized. This is what inspires me. In 2011 the villas, clubhouse and public facilities will be ready for occupancy.

How do you see the future of St Lucia- the island’s people, development, tourism industry, etc?

I don’t think we can ever go back to agriculture which once supported the island. The tourism industry is here to stay and will be the dominant economic factor for the foreseeable future. The government has a massive infrastructure program to improve the tourism industry. To that end, we need to better train our people and work to improve the quality of service offered in St. Lucia. I would like to see a proper hotel training school with international exchange programs. It is very likely that Mr. Mahvi will be the driving force in this.

At The Jalousie Enclave service will be paramount. There will be training programs even before the development welcomes its first residents. We are actively recruiting the best talent St. Lucia has to offer and they will be trained by our panel of expert’s advisors. By the time they start working they will be trained in service, communication, and human relations. I should add that the staff of Tides (formerly Jalousie Plantation Resort) were mostly trained by Mr. Mahvi’s organization.

Andrew (left) at the December Groundbreaking next to

Stephenson King, Prime Minister


An interview with The Jalousie Enclave General Manager, Mr. Andrew Piltie Discuss the importance of “Green” building to you and to the island of St Lucia.

St. Lucia is small, so being “Green” is incredibly important especially considering that the island, and more specifically The Jalousie Enclave, is home to a World Heritage Site. I think building “Green” is the only way to build here. St. Lucia’s stunning natural beauty is what attracts people to the island and to developments like The Jalousie Enclave. We must preserve what makes us unique. I think the whole island needs to move in this direction. Nature is a critical attraction for the people that visit the island. Tourists come for the quality of the environment.

How do you envision The Jalousie Enclave upon completion?

I think this development will be the envy of every development in the Caribbean, perhaps the world. Knowing Pascal for as long as I have, I know that he will strive to make The Jalousie Enclave the best residential resort in the West Indies. We have had our challenges in the development process and he found solutions that are workable which will benefit all of the stakeholders. Now we must be the best to justify all of the hard work we have dedicated to The Jalousie Enclave.

Describe the ideal atmosphere of The Jalousie Enclave?

My responsibility will primarily be to oversee the staff and quality of service they provide. I think upon completion, The Jalousie Enclave will have a friendly, familiar atmosphere amongst the staff which will translate to a relaxed, comfortable environment for residents. You need to remember that when Pascal & Monty ran Jalousie Plantation Resort, it was rated by The Condé Nast readers as #2 in The West Indies (behind Four Seasons in St. John) and 22nd in the world for service. Our track record speaks for itself.

What is your favorite place on St Lucia?

Jalousie Bay has always been a favorite place of mine. The natural beauty found here is truly unique and it is such a pleasure to come to work here.

If you happen to have a day off, how do you spend it?

I love to spend time on St. Lucia’s beautiful beaches with my wife and children. Often I am joined by Pascal on Sundays.

Construction Tenders Opened August 7th

Mr. Mahvi was a special guest of The US Embassy function in St. Lucia on July 7, 2009. He was pleased to hear that the US

Department of State will soon open it’s St Lucia Consulate office. More information on this will be available on our next edition of our

Newsletter as it becomes available.

Re-Appraisal Confirms Value As a matter of confirmation, on July 31st, we hired Appraisal Group International to renew their appraisal of The Jalousie Enclave

raw land. The Jalousie Enclave’s land value re-appraised at $159.775 million per AGI’s reappraisal. The Jalousie Enclave is pleased

with the recent independent appraisal value of its land. St. Lucia is a sound investment for buyers even in the current economy. As

new developments are planned, land in St. Lucia is becoming more scarce, and thus more valuable. Specifically, as the lots at The Jalousie Enclave sell, the land value will undoubtedly appreciate due to its scarcity.

St. Luica welcomes US Embassy

Construction Tenders were opened on August 7. There were 5 bidders and all quoted prices were tightly grouped. We’ve determined that it would be best for us to handle the road construction in house and to this end we’ve asked Mr. Paul Hummer to join this effort.

New “Title Insurance” The Jalousie Enclave now offers Title Insurance on all sales through American Title.


St Lucia Propety Investment

Overseas Property Investment in St Lucia with International

Hot Property August 2, 2009 St Lucia is the undiscovered jewel of the Caribbean from a property investment point of view and is one of the safest and most

secure places in the Caribbean for property investors. (live-PR.com) - St Lucia is the undiscovered Jewel of the Caribbean from a property investment point of view and is one of the safest and most secure places in the Caribbean for property investors according to S i m o n J o n e m a r k e t a n a l y s t a t www.internationalhotproperty.co.uk . “Finding a St Lucia property investment that is secure and give Investors a real rate of return with interest rates currently so low can be very difficult but we believe

that we have done that for our Investors...” claimed Simon. St. Lucia is steeped in history. The family of Empress Josephine, Napoleon’s first empress, once owned the plantation Paix Bouche just along the ridge southwest of Marquis; St. Lucians claim that the first Empress of the French was actually born there and not Martinique.

St Lucia is already one of the major tourist Islands of the Caribbean but property is much more affordable than its tourist neighbor Barbados. Plans are being drawn for a stunning marina, which will accommodate a number of berths for varying lengths of boats and super yachts. The resort is marketed to deliver the highest possible occupancy, ensuring an excellent return.

St. Lucia Property Investment

XXXX

Buy St. Lucian property now, for it is sure to appreciate in value


Consider that Yale University and other major endowments have successfully outperformed in part to a strategy of using non-correlated investments.

This means that Self-Directing your IRA to a number of choices outside the stock and bond markets have cushioned the fallout in those markets.

The use of alternative investments, real estate, timberlands, private equity and other choices make up the large part of the investment pool.

Individuals can self direct IRA investments in these alternative choices as well. The retirement guidelines have permitted these choices from the beginning.

Conventional wisdom by the public was the only choices were those offered by the banks, brokerage firms and insurance companies. Choices appeared to be broad and endless.

Yet very little mention of the other choices. Transparency was not an issue. Marketing was the influence over most investors choices.

Opportunity today in other choices to diversify is more apparent today then ever.

Investing in Real Estate, owned by your self-directed IRA or retirement account, opens another world of choice and

opportunity to own property in a World Heritage site in St Lucia. Investors can take advantage of a timely choice of

owning a piece of paradise in their self directed retirement account. You could invest a portion of your IRA with up to four

other partners in a Villa as an investment alternative and defer your taxes by renting your partner’s share in the villa.

For more information contact Jesse Berencse at The Jalousie Enclave: [email protected] .

IRS 1031 Program For US Residents: In the process of selling an investment property outside of the United States? Why not defer your capital gains taxes by exchanging into one of the Jalousie Enclave's one of a kind properties. Find out more how your purchase can help secure your place in paradise and be eligible for taking advantage of IRS 1031 Foreign Exchange provisions.

Alternatively, you could invest a portion of your IRA with up to four other partners in a Villa as an investment alternative and defer your taxes by renting your partner’s share in the villa. Why not talk to us and find out how to use The 1031 Program to get a vacation home with partners? For more information contact Arron Snyder at: [email protected]

I am a lifetime Ohio Resident, married with a daughter, that is an Attorney, CPA in Los Angeles. I am a graduate of Kent State University, with Graduate studies at Dean Witter, Wharton School of Business, CFA studies, and I am an advisor to and served on several boards like, Juvenile Diabetes, Proton Center, Junior Achievement, Kiwanis International, Stratum Technology, Coachshare LLC, Transco Technology, Chamber of Commerce, Tax Abatement Commission, and held elected office. I am a member of the FBI Foundation Board.

I am a Senior Investment Advisor, nationally known for financial problem solving. I have developed international reputation for connecting powerful business leaders with international projects achieving tactical and strategic benefits. I am an expert in infrastructure development for start-ups and well developed companies. I have lectured to Fortune 500 companies, on pre-retirement planning and estate planning.

The Jalousie Enclave welcomes new board member Jesse Berencsi

DOLLARS SAVED & DEFFERED TAXES Stock Market shocks and alternative investments. Own Real Estate as timely choice.

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Architect Jerry Phulchere, principle of EDGE Architecture

VILLA ROYA

Three Bedroom - Three- & 1/2 Bathroom

3,775 Square Feet

The Jalousie Enclave Three Bedroom Villa



First Floor





Second Floor


BUY BACK PROGRAM

The Jalousie Enclave Acquisition Model Provides Better Economics and Profit than the Traditional “Fractional Purchase”. Buyers can take advantage of the IRS 1031 Foreign Exchange program or provisions of the Self-Directed IRA

investment properties code, see page six.

The Jalousie Enclave Selling model provides owners with options. The Jalousie Enclave properties are sold freehold and owners have the option to rent or re-sell with no restrictions.

Other second home properties limit how long residents can stay in their homes. The Jalousie Enclave, being a full time resi-dency community, allows owners the option to stay for as long as they would like and rent when they are absent.

Every investor in this residential community is provided Deeded Access to Sugar Beach on Jalousie Bay.

Sugar Beach is part of The Tides Resort (a KOR property) which Mr. Mahvi built between 1989 and 1992. The current owner of Tides, Roger Myers is currently spending US$100 million in the resort’s face life, making The Jalousie Enclave the most desirable place in the West Indies to own a vacation home.

As an added benefit, The Jalousie Enclave announced its guaranteed buyback program for the first 4 Villas sold. This program will end on November 30, 2009. The first 2 Villa units sold, (Units 1 & 2), comes with a guaranteed buy back at the original price paid for the sold unit PLUS 10% of the purchase price for each year of ownership up to the first 5 years. The second 2 Villa units sold, (Units 3 & 4), comes with a guaranteed buy back at the original purchase paid PLUS 10% of the purchase price for each year of ownership up to the first 3 years.

The guaranteed buyback is as follows:

After Year 1 of ownership = $2,200,000





The 5th (and subsequent) Enclave Villa will go on the market at $2,750,000, inclusive of Furniture, Equipment and land.

What does this mean to buyers?

As custom home lots are sold, the current established value of $34.44 / SF will increase. Thus the owners of villa #1 - #4 not only:

1-Have the guaranteed buy-back program as an exit strategy, but also

2-Villa #5 and subsequent will be re-priced at $2,750,000 (therefore a $750,000 increase this year)

3-Real Estate price of Villas 1-4 will enhance the villa’s value.

Property Management provides turnkey maintenance and staffing of trained butlers, maids and cooks for each residence. Office services will also be offered and an on-site representative will be available to oversee the lease of a purchased property for its owner. Should owners like to rent their villas / home, The Jalousie Enclave team will also be there to support and guide the owners through the process.


Compare a 1 and 5 year investment of Freehold vs. Fractional ownership:

It’s easy to see why a 5 year investment under a Freehold Agreement giving a $317,780 profit is better

than a 5 year investment under a Fractional Agreement giving only a $39,180 profit.

Investment Comparison Chart

One Year Investment Five Year Investment

Freehold Fractional Freehold Fractional

2,795sq ft 1,500 sq ft Villa Size 2,795sq ft 1,500 sq ft

Two Two Bedrooms Two Two

2,000,000 1,500,000 Price 2,000,000 1,500,000

337 337 Rental Days 337 337

1,000 1,000 Amount 1,000 1,000

50% 6% Return 50% 6%

60% 60% Occupancy 60% 60%

$202,200 $202,200 Rental Income $1,011,000 $1,011,000

$101,100 $90,000 Owner Share $505,500 $180,000

$1,600,000 $1,200,000 Finance 80% $1,600,000 $1,200,000

20 year Term 6%

$11,462 $8,597 Payment $11,462 $8,597

$137,544 $103,164 $687,720 $515,820

Period Cost

‐$36,444 ‐$13,164 ‐$182,220 ‐$335,820

5%

$100,000 $75,000 Appreciation $500,000 $375,000

$63,556 $61,836 Profit $317,780 $39,180

Up to November 30, 2009

The Jalousie Enclave has a Guaranteed Buy Back Program of sales price plus 10% p.a.


History: Throughout the 17th and early 18th centuries St. Lucia was both a French and British province. St Lucia became self

governing on March 1, 1967 and gained independence from England on February 22, 1979. The island celebrates their

independence and entry into the Commonwealth of Nations every year with a public holiday.

*

Location: St. Lucia is part of the Lesser Antilles, in the Caribbean Sea. Neighbors include Martinique to the north and

St. Vincent to the South.

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Geography: The Piton Mountains are St. Lucia’s most famous landmark. Located on the western side of the island between

Soufriere and Choiseul, the Pitons 2,600 foot twin coastal peaks are a striking visual for one of the most carefully

preserved natural environments in the world. In the mountainous interior lies St. Lucia’s 19,000-acre National Rain Forest,

where wild orchids, giant ferns, and birds of paradise flourish. The rainforest is also home to endangered tropical birds

including species such as the indigenous St. Lucia parrot. Twenty-nine miles of trails wind through the forest and

surrounding orchards of banana, coconut, mango, and papaya trees. The volcano’s of Saint Lucia is also one of the few

islands in the world that boasts a drive-in volcano.

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Population: 170,000 - Size: 238 Sq. Miles - Official Languages: English, French Patois

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The Jalousie Enclave is a full residency planned gated development in the heart of St Lucia’s UNESCO

World Heritage Site.

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The Jalousie Enclave is the ONLY Full Residency gated community next to KOR’s newest branded resort,

The Tides on Sugar Beach.

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The Jalousie Enclave is the ONLY Full Residency gated community at the base of the Petit Piton, St. Lucia’s national symbol.

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Height of Petit Piton 2438 ft, Gross Piton 2618 ft on the Caribbean Sea.

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Each homeowner of The Jalousie Enclave has deeded access to the Sugar Beach at Tides Resort.

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The Jalousie Enclave site is 196 acres, of which 100 acres will be developed, leaving the balance as a green barrier.

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The Tides on Sugar Beach (the old Jalousie Plantation Resort ) is on 129 acres (originally built by the developers of the

Tides on Sugar Beach.

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Traveling to St. Lucia: New York, Atlanta and Charlotte - 4 hours; Miami - 3.5 hours; Toronto & Montréal - 5 hours;

London - 8 hours; Barbados-30 min.; San Juan 45 min.; Trinidad—1.5 hours. St. Lucia is served by: Virgin Atlantic,

British Airways, American Airlines, Delta Airlines, Air Canada, US Air & LIAT Airlines, and Jet Blue.

Condor will soon start service from Germany.

*

Roebuck International is building the 250 room Ritz Carlton hotel, located approximately 30 min from

The Jalousie Enclave. The project is to start in 60 days.

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The fishing village of Soufriere, is located within the World Heritage Site, the center of all St. Lucian tourist activities.

Facts to Remember About St Lucia and The Jalousie Enclave

newsletter - nr 06

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