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Real Estate Update Townhome & Condo Popularity Springtime Favorite Salty Señorita’s Caesar Salad VALLEY OF THE SUN MAY | JUNE 2015 Blissful Surroundings Oh-so Elegant! Cover Photography | Candelaria Design

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Page 1: Robert Luce | VOS Lifestyle

Real Estate UpdateTownhome & Condo Popularity

Springtime FavoriteSalty Señorita’s Caesar Salad

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

VA L L E Y O F T H E S U NM

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15

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

Blissful SurroundingsOh-so Elegant!

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Page 2: Robert Luce | VOS Lifestyle

By Michael Orr | Director of Real Estate Studies at ASU & Principal of The Cromford Report

Between September 2013 and January 2015 the Greater Phoenix housing market suffered from an unusual combination of weak demand and low supply. The only sector that was firing on all cylinders was the extreme luxury market. Although homes over $2,000,000 sold in higher quantities than they had since 2006, the bulk of the market saw relatively low sales volumes and prices that were mostly stagnant. However we saw a low level of loan delinquency and little distress in 2014. Although buyers enjoyed some negotiation power this showed up in concessions like having their closing costs paid by the seller rather than any downward pressure on pricing.

A change occurred in February 2015 as a significant up-tick in demand produced far more homes under contract and a shrinking supply of homes for sale. This was particularly true of the sector from $150,000 up to $600,000 which includes the entry level homes as well as most of the move-up market.

Investor demand is back down to normal, so this additional buyer interest is coming from ordinary owner-occupiers

and second home buyers. The market in March 2015 continues to strengthen and in the majority of areas, sellers have the upper hand in negotiations again. The number of multiple bid situations is increasing and upward pricing pressure is starting to build.

There are many potential reasons for the increase in demand:

• Down payment requirements are lower than in 2014

• More millennials are starting families

• People foreclosed in 2008 are becoming eligible for conventional loans again

• Some lenders are gradually loosening their underwriting guideline

• FHA loans are more affordable thanks to lower insurance premiums

• Unemployment continues to fall

• Central Arizona’s economy continues to strengthen

• Increased consumer confidence & more disposable income thanks to lower fuel costs

• Interest rates remain remarkably low by historic standards

It is difficult to determine which combination of these is having the most effect, but whatever the reason, it is very obvious that more people are interested in home buying than a year ago.

Another trend that has developed is a growing preference for attached homes – condos and townhouses, suitable for a “lock and leave.” These are increasing market share at the expense of single family homes which have traditionally taken 85% of the total market by unit count. The current renewed buyer interest is likely to quickly overpower the supply of both condo and single family homes and if it continues we anticipate a busier year for new home construction than in 2014.

Elegance. How do you define it? When it comes to your home, it’s anything that makes you feel special, graceful, and sophisticated. Being in elegant surroundings—think of a posh hotel, a chic urban eatery, or even a grand museum—has an impact on how we feel. We feel uplifted and stylish, and in turn, we feel happy, like anything can happen on any given day. Here’s how to create an elegant room filled with the right elements so you’ll feel inspired to live a beautiful life.

If you want elegance, the size and grandeur of a room definitely helps set the stage. A living room with high ceilings, an open floor plan, and tall windows is a perfect place to start. Silk drapes can give a room a sweeping feeling of elegance with soft natural light streaming in from behind. Even if you don’t have those elements, simple tips can trick the eye. Hang your drapes as high as possible, just grazing the floor to give the room a feeling of height. To keep it airy and open feeling, select light paint hues or maybe an ethereal white. Light colors will keep the space soothing and inviting … you want a room of enlightenment. (Leave the darker colors for the den!)

Décor is usually minimal in sophisticated spaces, for clutter is anything but elegant. Artwork lends a refined touch to interiors, and adds splashes of color to more monochromatic rooms. Neutral area rugs and symmetrically aligned furniture keep the mood intimate and understated. Sofas and armchairs are more tailored and trimmed than their softer, sink-into-them cousins that are more at home in the family room. Wood tones are also mostly light, while lamps, frames, and accessories are done in shiny silvers and golds for a polished look.

Appoint your room with glass and metal end tables and coffee tables to achieve a free-flowing space. This is a room for discussions, music, and entertaining.

The final details for an air of joyful elegance: fresh flowers in beautiful vases, books on favorite artists and authors, and perhaps sculpture or a piano to make the mood sublime. We’re not talking stuffy … just setting the room with beautiful items that make you smile when you see them, that evoke memories and make you feel blissful and ready for anything that may come your way. Living your life in a beautiful and elegant setting can truly impact your happiness. Find your bliss!

Grilled Caesar Salad with Wild King Salmon

Salty Senorita’s SaltySenorita.com | 480.947.2116

In Good Taste

Residential Real Estate

Urban Wine WalkLight Rail Corridor | May 16VisitPhoenix.com | 602.254.8698A fun day of wine tasting and a trip through the world of wine! All the participating restaurants are on the Light Rail corridor and are within a short walk from each stop. They will be offering up to three wine samples and snacks. You can start the Urban Wine Walk at any location of your choosing. All you need to participate is a map, an adventurous spirit and an all-day Light Rail pass. The walk begins at 1:00 PM and walkers must be 21 and over to participate.

Spring Restaurant WeekVarious Locations | May 15 – May 25ArizonaRestaurantWeek.com | 602.307.9134This statewide affair that gives foodies a wealth of dining opportunities and the chance to get outside their own neighborhood and try something new. From sizzling Southwestern and soothing comfort foods to five-star dining and international fare – it’s all on the table during Arizona Restaurant Week. So prepare your taste buds and dig in.

Cave Creek Balloon FestivalRancho Mañana Golf Course | May 23CaveCreekFestivals.comCome out for the Sixth Annual Cave Creek Balloon Festival. This year is going to be bigger and better than ever! The Rancho Mañana Golf Course will once again become a magical field of glowing splendor when brightly colored and whimsically shaped balloons come to life. Enjoy live music by local bands, food and beverages that include locally brewed Four Peaks. Gates open at 5:00 PM and glowing balloons to venture off at 7:30 PM.

Andy Warhol: PortraitsPhoenix Art Museum | May 15 – June 21PHXArt.org | 602.257.1880Come out to view Andy Warhol’s work from his student days. An American artist who was a leading figure in the visual art movement known as pop art, the exhibition examines Warhol’s fascination with celebrity culture and the “world famous”. It will feature more than 150 screen prints, paintings, drawings, and Polaroid portraits.

Saturday Night Starlight TrainsVerde Canyon Railway | May 30 and June 27VerdeCanyonRR.com | 800.320.0718On select Saturday evenings, the train departs at 5:30 PM from the Verde Canyon Railroad just outside of Sedona. The first part of the trip you will get to enjoy the beautiful sunset. Once you reach the turn-around point, you will get to experience the beautiful celestial bodies. A magical experience. These evenings sell out quickly, so if you are interested make sure to book your reservations soon to jump aboard!

MAY | JUNE 2015

Event CalendarBlissful SurroundingsINGREDIENTS

SALMON4- 6oz Wild King Salmon filet (skin off) 1 tbsp extra virgin olive oil Salt and pepper to taste

CAESAR SALAD2 heads romaine lettuce 1 tbsp extra virgin olive oil 4 tbsp Caesar dressing Salt and pepper to taste

CROUTONS1 loaf focaccia bread 2 tbsp extra virgin olive oil 2 tbsp parmesan cheese Salt and pepper to taste

PREPARATION

SALMONSeason salmon with salt and pepper. Wipe the hot grill with a lightly oiled towel and place salmon on the grill at a 45 degree angle to the grill grate. Grill the salmon for 2-3 minutes then turn the fish over to the opposite side and cook for an additional 2 minutes until medium rare.

CROUTONSCut focaccia bread into 1/2 inch cubes. Drizzle olive oil and parmesan over focaccia cubes and season with salt and pepper. Bake the cubes at 350 degrees for 10-15 minutes, or until golden and crispy.

SALADCut romaine lettuce in half by length and brush with olive oil. Grill romaine until slightly softened. Drizzle Caesar dressing over romaine, place on a serving platter, top with croutons and parmesan cheese. Place salmon on top of the salad, drizzle with olive oil and garnish with lemon.

Yields: 4 Servings

REAL ESTATE

CORNER

Page 3: Robert Luce | VOS Lifestyle

By Michael Orr | Director of Real Estate Studies at ASU & Principal of The Cromford Report

Between September 2013 and January 2015 the Greater Phoenix housing market suffered from an unusual combination of weak demand and low supply. The only sector that was firing on all cylinders was the extreme luxury market. Although homes over $2,000,000 sold in higher quantities than they had since 2006, the bulk of the market saw relatively low sales volumes and prices that were mostly stagnant. However we saw a low level of loan delinquency and little distress in 2014. Although buyers enjoyed some negotiation power this showed up in concessions like having their closing costs paid by the seller rather than any downward pressure on pricing.

A change occurred in February 2015 as a significant up-tick in demand produced far more homes under contract and a shrinking supply of homes for sale. This was particularly true of the sector from $150,000 up to $600,000 which includes the entry level homes as well as most of the move-up market.

Investor demand is back down to normal, so this additional buyer interest is coming from ordinary owner-occupiers

and second home buyers. The market in March 2015 continues to strengthen and in the majority of areas, sellers have the upper hand in negotiations again. The number of multiple bid situations is increasing and upward pricing pressure is starting to build.

There are many potential reasons for the increase in demand:

• Down payment requirements are lower than in 2014

• More millennials are starting families

• People foreclosed in 2008 are becoming eligible for conventional loans again

• Some lenders are gradually loosening their underwriting guideline

• FHA loans are more affordable thanks to lower insurance premiums

• Unemployment continues to fall

• Central Arizona’s economy continues to strengthen

• Increased consumer confidence & more disposable income thanks to lower fuel costs

• Interest rates remain remarkably low by historic standards

It is difficult to determine which combination of these is having the most effect, but whatever the reason, it is very obvious that more people are interested in home buying than a year ago.

Another trend that has developed is a growing preference for attached homes – condos and townhouses, suitable for a “lock and leave.” These are increasing market share at the expense of single family homes which have traditionally taken 85% of the total market by unit count. The current renewed buyer interest is likely to quickly overpower the supply of both condo and single family homes and if it continues we anticipate a busier year for new home construction than in 2014.

Elegance. How do you define it? When it comes to your home, it’s anything that makes you feel special, graceful, and sophisticated. Being in elegant surroundings—think of a posh hotel, a chic urban eatery, or even a grand museum—has an impact on how we feel. We feel uplifted and stylish, and in turn, we feel happy, like anything can happen on any given day. Here’s how to create an elegant room filled with the right elements so you’ll feel inspired to live a beautiful life.

If you want elegance, the size and grandeur of a room definitely helps set the stage. A living room with high ceilings, an open floor plan, and tall windows is a perfect place to start. Silk drapes can give a room a sweeping feeling of elegance with soft natural light streaming in from behind. Even if you don’t have those elements, simple tips can trick the eye. Hang your drapes as high as possible, just grazing the floor to give the room a feeling of height. To keep it airy and open feeling, select light paint hues or maybe an ethereal white. Light colors will keep the space soothing and inviting … you want a room of enlightenment. (Leave the darker colors for the den!)

Décor is usually minimal in sophisticated spaces, for clutter is anything but elegant. Artwork lends a refined touch to interiors, and adds splashes of color to more monochromatic rooms. Neutral area rugs and symmetrically aligned furniture keep the mood intimate and understated. Sofas and armchairs are more tailored and trimmed than their softer, sink-into-them cousins that are more at home in the family room. Wood tones are also mostly light, while lamps, frames, and accessories are done in shiny silvers and golds for a polished look.

Appoint your room with glass and metal end tables and coffee tables to achieve a free-flowing space. This is a room for discussions, music, and entertaining.

The final details for an air of joyful elegance: fresh flowers in beautiful vases, books on favorite artists and authors, and perhaps sculpture or a piano to make the mood sublime. We’re not talking stuffy … just setting the room with beautiful items that make you smile when you see them, that evoke memories and make you feel blissful and ready for anything that may come your way. Living your life in a beautiful and elegant setting can truly impact your happiness. Find your bliss!

Grilled Caesar Salad with Wild King Salmon

Salty Senorita’s SaltySenorita.com | 480.947.2116

In Good Taste

Residential Real Estate

Urban Wine WalkLight Rail Corridor | May 16VisitPhoenix.com | 602.254.8698A fun day of wine tasting and a trip through the world of wine! All the participating restaurants are on the Light Rail corridor and are within a short walk from each stop. They will be offering up to three wine samples and snacks. You can start the Urban Wine Walk at any location of your choosing. All you need to participate is a map, an adventurous spirit and an all-day Light Rail pass. The walk begins at 1:00 PM and walkers must be 21 and over to participate.

Spring Restaurant WeekVarious Locations | May 15 – May 25ArizonaRestaurantWeek.com | 602.307.9134This statewide affair that gives foodies a wealth of dining opportunities and the chance to get outside their own neighborhood and try something new. From sizzling Southwestern and soothing comfort foods to five-star dining and international fare – it’s all on the table during Arizona Restaurant Week. So prepare your taste buds and dig in.

Cave Creek Balloon FestivalRancho Mañana Golf Course | May 23CaveCreekFestivals.comCome out for the Sixth Annual Cave Creek Balloon Festival. This year is going to be bigger and better than ever! The Rancho Mañana Golf Course will once again become a magical field of glowing splendor when brightly colored and whimsically shaped balloons come to life. Enjoy live music by local bands, food and beverages that include locally brewed Four Peaks. Gates open at 5:00 PM and glowing balloons to venture off at 7:30 PM.

Andy Warhol: PortraitsPhoenix Art Museum | May 15 – June 21PHXArt.org | 602.257.1880Come out to view Andy Warhol’s work from his student days. An American artist who was a leading figure in the visual art movement known as pop art, the exhibition examines Warhol’s fascination with celebrity culture and the “world famous”. It will feature more than 150 screen prints, paintings, drawings, and Polaroid portraits.

Saturday Night Starlight TrainsVerde Canyon Railway | May 30 and June 27VerdeCanyonRR.com | 800.320.0718On select Saturday evenings, the train departs at 5:30 PM from the Verde Canyon Railroad just outside of Sedona. The first part of the trip you will get to enjoy the beautiful sunset. Once you reach the turn-around point, you will get to experience the beautiful celestial bodies. A magical experience. These evenings sell out quickly, so if you are interested make sure to book your reservations soon to jump aboard!

MAY | JUNE 2015

Event CalendarBlissful SurroundingsINGREDIENTS

SALMON4- 6oz Wild King Salmon filet (skin off) 1 tbsp extra virgin olive oil Salt and pepper to taste

CAESAR SALAD2 heads romaine lettuce 1 tbsp extra virgin olive oil 4 tbsp Caesar dressing Salt and pepper to taste

CROUTONS1 loaf focaccia bread 2 tbsp extra virgin olive oil 2 tbsp parmesan cheese Salt and pepper to taste

PREPARATION

SALMONSeason salmon with salt and pepper. Wipe the hot grill with a lightly oiled towel and place salmon on the grill at a 45 degree angle to the grill grate. Grill the salmon for 2-3 minutes then turn the fish over to the opposite side and cook for an additional 2 minutes until medium rare.

CROUTONSCut focaccia bread into 1/2 inch cubes. Drizzle olive oil and parmesan over focaccia cubes and season with salt and pepper. Bake the cubes at 350 degrees for 10-15 minutes, or until golden and crispy.

SALADCut romaine lettuce in half by length and brush with olive oil. Grill romaine until slightly softened. Drizzle Caesar dressing over romaine, place on a serving platter, top with croutons and parmesan cheese. Place salmon on top of the salad, drizzle with olive oil and garnish with lemon.

Yields: 4 Servings

REAL ESTATE

CORNER

Page 4: Robert Luce | VOS Lifestyle

The Coolest Room in the HouseGet Your Garage in Gear

Queen Creek Olive MillBenefits of Extra Virgin Olive Oil

Two Claws UpOHSO Brewery’s Blue Crab Dip

Fore!CLUB ON THE GREEN

Vol. 2 Issue 4

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

Robert launched a full-time real estate career in 2003. In 2006, he received the prestigious President’s Award for real estate sold, selling

over 50 homes in the Verrado community alone. Robert’s recent accolades include the 2008 Presidential Who’s Who Among Business

and Professional Achievers.

Prior to becoming a Phoenix Realtor®, Robert was selected in the 9th round of the 1996

Major League Baseball Draft. Robert excelled as a professional baseball player through

2003, receiving attention as The Minor League Pitcher of the Year for the Seattle Mariners,

being selected for the Seattle Award for professional conduct within the community, as well as winning a championship in 2003.

Robert’s lucrative involvement within professional baseball and as a licensed pilot has no doubt contributed to a progressively flourishing social and professional network.

Robert’s devotion to both worlds, in addition to his family, are something for which others

hold him in the highest esteem.

Robert Luce 623.521.6647

[email protected]

Hitting it Out of the Park for His Clients...

LuceSignatureProperties.com

Robert Luce 20954 West Cora Vista | Buckeye | Arizona

Robert Luce is an expert Phoenix Realtor® with expertise in

representing sellers in short sales, and guiding pre-qualified buyers

for home purchase.

VERRADO