Estancia Jan 10

Estancia’sHot Real Estate Listings

Real Estate InvestingA Sound Strategy For Your Portfolio?

Saddle Up!BLT Steak Goes Cowboy

Admiring & Acquiring Specialty Vehicles

A Passion For

For three consecutive years (2006, 2007 and 2008), Tom Locati has made The Wall Street Journal’s list of top 50 Realtors® in the United States, by sales volume. In addition, during the same three years, he has been ranked as the #1 agent at Russ Lyon | Sotheby’s International Realty. That’s impressive. But what’s equally impressive, Tom lists and sells nearly $300 million dollars of North Scottsdale luxury real estate each year and is the only Realtor® from Arizona to make the Journal’s ultra-elite list. Tom is one of the country’s leading luxury real estate professionals, representing a wealth of fine properties and affluent clients who rely on his discretion, experience, investment acumen and intimate knowledge of the Scottsdale real estate market. “I generally work with a small segment of society often looking for a second, third or fourth home. My job is to empower you (my client) through knowledgeable, reliable real estate information firmly grounded in ethical and moral real estate transactions; thus, providing a comfort level essential in allowing you to make an informed financial decision.” Tom believes the luxury real estate business is ultimately wrapped around two primary concepts. “First, you have to have a sound understanding of how money and real estate investments work. In fact, acquiring the perfect property is foremost a matter of finding a wise investment and coupling that with a client’s personal tastes and desires. However, it’s equally important that I am able to create a comfort level for the investor/client based not only on market knowledge, but on expert guidance with proven results.” This is what puts Tom at the top of the real estate profession year after year. “If a professional business approach to real estate acquisition is what you seek, call me - Your Investment will be glad you did. I look forward to visiting with you!”

[email protected]

Fax: 480.419.6931

CALL TOM...Your Investment Will Be Glad You Did!

January 2010

FEATURED PROPERTY:27016 North 102nd St. | Lot 260 | 5 Bed | 7 Baths | 7,485 Sq. Ft. | $5,195,000

SPECTACULAR ROMAN VILLAThis spectacular “Roman Villa” is designed by world-renowned architect Craig Wickersham and built by Hurd Construction – one masterpiece at a time – offers superior construction and the finest finishes! Completed in November 2009 this is truly a one-of-a-kind residence. Offering the finest in construction materials such as European white oak

and stone floors, handmade cabinets and doors, and Venetian-plastered walls. Located on one of the finest lots in Estancia, this is a true must see. Address Lot # Sq. Ft. / Bed / Bath Price Per SF List PriceCURRENTLY FOR SALE: 28095 N. 101st St. 122 2800 / 3 / 3 $311 $870,00010036 E. Blue Sky Dr. 112 2800 / 3 / 3 $475 $1,329,00028092 N. 101st St. 117 2455 / 3 / 3 $570 $1,400,0009801 E. Dynamite Blvd. 95 4470 / 3 / 3.5 $391 $1,749,00027441 N. 96th Way 73 3566 / 3 / 3 $498 $1,775,00028102 N. 96th Pl. 23 7085 / 5 / 5.5 $254 $1,800,00028034 N. 100th Pl. 99 4450 / 3 / 3.5 $494 $2,200,00010265 E. Running Deer Trl. 165 5400 / 4 / 4.5 $426 $2,298,00027148 N. 97th Pl. 65 6600 / 4 / 7 $355 $2,345,00027336 N. 103rd Way 210 5100 / 3 / 3.5 $480 $2,450,0009709 E. Bajada Rd. 45 5342 / 4 / 4 $467 $2,495,00027123 N. 103rd Way 179 5103 / 4 / 4.5 $490 $2,500,0009761 E. Pinnacle Vista Dr. 36 4591 / 3 / 2.5 $545 $2,500,00027264 N. 103rd Way 209 5665 / 5 / 4.5 $468 $2,650,00027081 N. 96th Way 67 5019 / 3 / 4 $548 $2,749,0009892 E. Blue Sky Dr. 76 7000 / 5 / 5.5 $398 $2,785,000 28111 N. 96th Pl. 3 4484 / 4 / 4.5 $624 $2,799,00026872 N. 102nd St. 255 5825 / 5 / 6.5 $481 $2,799,00027819 N. 100th Way 91 4000 / 3 / 3.5 $700 $2,799,00026942 N. 103rd St. 181 6240 / 4 / 5.5 $465 $2,899,00026945 N. 102nd St. 240 4187 / 3 / 3 $705 $2,950,00027184 N. 97th Pl. 64 7587 / 4 / 7 $527 $3,995,00027226 N. 96th Way 50 5719 / 4 / 4.5 $768 $4,395,00027197 N. 102nd St. 245 5943 / 4 / 4 $773 $4,595,0009720 E. Estancia Way 29 6544 / 4 / 4.5 $760 $4,975,00027016 N 102nd St. 260 7485 / 5 / 7 $694 $5,195,00027473 N. 97th Pl. 33 6850 / 4 / 4.5 $817 $5,595,00027341 N. 102nd St. 270 14231 / 8 / 11 $1054 $15,000,000PENDING: 26931 N. 103rd St. 259 6615 / 5 / 5.5 $197 $1,300,00027086 N. 103rd St. 185 5047 / 3 / 3.5 $574 $2,895,00027550 N. 96th Way 57 7160 / 5 / 7 $831 $5,950,000SOLD: Sold Price27962 N. 100th Pl. 96 5360 / 4 / 4 $205 $1,100,000

CURRENT REAL ESTATE ACTIVITY IN

Tom LocatiRuss Lyon | Sotheby’s International Realty20909 N. 90th Pl. #209Scottsdale, AZ 85255FORWARDING SERVICE REQUESTED

TOM LOCATI480.600.2345

DEBBIE NEGRIN480.734.3498

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.

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 ISSN-1939-9650

Saturday Science ClassArizona Science Center, Jan. 16th602.716.2000 or azscience.orgYou and your child are invited to join the Arizona Science Center each Saturday, as they explore various topics to investigate and experiment with. This specific Saturday the subject is robots! Examine and analyze them and work on building your own robot! It’s sure to get young minds excited about science. Advanced registration is required for this event.

Drive the Dream GalaWestWorld, Jan. 16th 480.922.8212 or childhelpdrivethedream.orgThis magical night is dedicated to a truly worthy cause. Proceeds benefit Childhelp, the leading national organization dedicated to helping victims of child abuse and neglect. A part of the Barrett-Jackson event, the evening unfolds with a cocktail reception, followed by fine dining, a live auction and dancing.

Glendale Glitter and Glow Block PartyDowntown Glendale, Jan. 16th623.930.2299 or glendaleaz.comDon’t miss out on this exciting block party, a finale to the annual Glendale Glitters holiday event. Thousands of people will fill the 12 blocks of historical downtown. More than a dozen musical acts and lively street performers will be entertaining the crowd. The ambiance is festive with the soft glow of lit and tethered hot air balloons, and the 1.5 million twinkling lights as the stunning backdrop.

Sunday A’Fair Scottsdale Civic Center, Jan. 24th480.994.2787or scottsdaleperformingarts.orgPack a picnic basket and sit out on the lawn as you enjoy the many performances by top Valley entertainers. Or, delicious food and beverages from Arcadia Farms will be available to purchase. Many activities for children and families will be set up as well as a free guided tour of the sculptures in the Civic Center. What a great way to spend a sunny winter afternoon.

National Geographic Live: Hunting Dinosaurs Mesa Arts Center, Jan. 27th480.644.6501 or mesaartscenter.comGo back in time with Paul Sereno to the prehistoric era of the dinosaurs! This modern-day Indiana Jones leads expeditions to exotic places such as the Sahara and Tibetan Plateau in search of fossils. You’ll be captivated with many great stories of Sereno’s thrilling life and recent dinosaur discoveries.

Walk ‘n Roll Dog Walk Tempe Town Lake, Jan. 31st480.945.0754 or walknrolldogwalk.orgBring your dog out for a little exercise and fun all in support of their canine friends. The day starts out with a 5K walk and wheelchair roll around Tempe Town Lake. Afterwards participate in the silent auction, play a few games and browse the many vendor booths. Proceeds benefit Power Paws Assistance Dogs.

JANUARY 2010

It may seem like an uncertain time to invest in real estate. However, perhaps our recent market corrections have led to some of the best buying opportunities seen for generations. Local financial advisor Hugh Daniels with Raymond James and Associates, Inc. offers his unbiased opinion regarding acquiring real estate and its role in your overall wealth planning.

Q: How should real estate investment play a part in one’s financial planning and overall portfolio? A: Real estate, like any investment you make, should fall within a well diversified, asset-allocated portfolio. Asset allocation involves dividing an investment portfolio among different asset categories, such as stocks, bonds, cash, and alternative investments, which includes real estate. Determining which mix of assets to hold in your portfolio is different for every individual and will differ due to your personal time horizons and risk tolerance. Real estate has traditionally offered a nice complement to an overall investment strategy.

Q: Has real estate historically been a key component to building wealth? A: Yes, some of the wealthiest individuals in the world, as well as large institutions, foundations,

and trusts, have amassed and maintained their fortunes with real estate as a part of their investment strategy.

Q: Is now a good time to invest in real estate? What if the housing market continues to see price declines in the near future—can buying today still be a good investment? A: It is impossible to predict the bottom of any market. My personal opinion is that if you find a piece of real estate that you like, you feel it is a good value at the current price, and your investment timeline is not short term, then you may want to strongly consider the investment.

Q: What stage of one’s life is the best time to invest in real estate—when you’re young and just starting to build wealth? Nearing retirement? Already retired? A: A decision to enter the real estate market can be appropriate for almost any age investor as long as it is entered with an understanding of your personal end-goal. There is always an opportunity for the smart investor to capitalize on, regardless of market conditions. I believe that in real estate, the key to your success is having a licensed advisor, your Realtor, help you navigate the market and aid you in purchasing with the intention to build wealth.

Q: Is it safer today to invest in real estate or the stock market?A: Trying to measure whether real estate offers a safer environment than the stock market is a very subjective statement and it is going to depend on a number of factors. An individual who plans on only holding an investment for one year versus an investment held for ten years makes a monumental difference. If any lesson can be learned from our most recent market correction, it’s that real estate and the stock market both have risk. An individual must assess this risk before entering either market. If you’re investing in the real estate market, buy something you like and that you plan to hold on to. Time has a tendency to cure all wounds.

For more information on financial planning, contact: Hugh Daniels, Financial Advisor and Wealth Management Specialist, Raymond James and Associates, Inc. [email protected] • 480.365.6889

Cowboy Steak

Featuring BLT Steak5402 E. Lincoln Dr. • Scottsdale

480.905.7979 or bltrestaurants.com

6 rib steaks, 22-26 oz. (long bone, if available)salt and fresh ground black pepper

COWBOY RUB8 oz. each toasted & ground dried pasilla chile and guajillo chile1 cup jalapeno powder1/2 cup smoked paprika 2 cups brown sugar 1/4 cup fine sea salt

COWBOY BUTTER 2 lbs. unsalted butter, softened1/2 cup smoked paprika 1/4 cup Cajun spice2 tbsp. each ground cumin, ground coriander, finely chopped fresh garlic, finely chopped fresh shallot, fresh chopped parsley, fresh chopped thyme leaves, cayenne pepper salt and pepper

Make the Dry Rub In a bowl, mix together all of the dry ingredients. Place the steaks in a roasting pan and rub on all sides with the mixture. Cover and chill at least 24 hours.

Make the Butter In a medium bowl, beat together 1 1/2 lbs. of the butter and all of the other ingredients until blended. Place on a sheet of plastic wrap and roll it into a sausage shape. Store in the refrigerator up to three days or in the freezer up to two weeks. Chef’s Tip: European-style butters have slightly more fat and less water. This gives them a creamier texture and richer flavor.

Cook the Steaks Heat a barbecue grill. Spread the steaks with the remaining 1/2 lb. of butter. Season them on both sides with salt and pepper. Place the steaks on the grill and cook until browned, about three minutes. Turn the steaks and brown on the other side, about three minutes more. Be careful as the chili rub might burn. Transfer the steaks to a cooler part of the grill. Cover and cook for 20 to 25 minutes for medium-rare.

To Serve Place the steaks on a cutting board and cover loosely with foil. Let rest for 10 to 12 minutes. Carve the meat off the bone. Cut the steaks crosswise into 1-inch slices. Arrange the slices on the plates. Cut the butter into slices and arrange on the steaks. Serve immediately.

The Valley goes car crazy in January with the arrival of the Barrett-Jackson Collector Car Event and the Russo & Steele Collector Car Auction (see sidebar for dates and details). But it’s not just us Arizonans that get revved up for these amazing auto shows. People come from all over the world to view—and bid on—these luxury, specialty, and collector cars. And why not? Who doesn’t love a retro roadster from a long-ago era or a shiny souped-up convertible that’s in impeccable condition? And where better to view these spectacular speedsters than in Scottsdale in January. Americans have long had a love of collecting classic and sporty automobiles. Jay Leno is one such guy

who has acquired so many vintage cars he has his own garage and website dedicated to the topic (check out www.jaylenosgarage.com). A sentimental car in the collection is the 1955 Buick Leno slept in while trying to make it as a comic in Los Angeles. He never sold it and still owns his one-time “home on wheels” today. Fellow comedian Jerry Seinfeld, another renowned car collector, is reported to have one of the largest-ever Porsche collections. And he can afford it! Why our fascination with these collector and specialty cars? Surprisingly, it’s not all about how they look and handle when speeding down the road— although that is the attraction for many. Perhaps the real appeal is acquiring a

piece of history—and in doing so, preserving history. “I believe we don’t really own these cars,” Jay Leno once told a reporter for bankrate.com. “We just keep them for the next owners.” Auto auctions, of course, offer their own unique appeal. The excitement and energy of an ever-climbing price ticket make for entertainment unlike anything else. (It’s so much fun that the events are even broadcast on television for other vintage car lovers to watch.) This is the runway and red carpet for hundreds of beautiful, shiny works of art on wheels. Highlights from the Barrett-Jackson auction include a 1929 Hamilton Metalplane (yes, that’s right, a plane!) and a shiny black 1963 Shelby Cobra CSX 2091. Russo and Steele will be auctioning off more than 600 classic “sports and muscle” cars over a five-day span. Whether you’re simply there to admire or you’re actually putting in a bid, automobile auctions are exciting and fun for all. Who knows, you could be driving away with the top down on a vintage convertible this year!

Who: Barrett-Jackson

What: 39th Annual Collector Car Event

When: January 18-24, 2010

Where: WestWorld of Scottsdale

To get more info: www.barrett-jackson.com or 480.663.6255

Event schedule: Gates, vendor and sponsor displays open daily Monday-Sunday, 8 am-auction close; automobile and collector car auction, Tuesday-Sunday (times vary); twilight auction hours (reduced admission after 5 pm), Tuesday-Saturday, 5 pm-auction close.

Who: Russo and Steele

What: 10th Anniversary Collector Automobile Auction

Where: NE Corner of Scottsdale Road & Mayo Blvd.

To get more info: www.russoandsteele.com or 602.252.2697

Event schedule: Automobile preview and on-site bidder’s registration, Wednesday-Sunday; auction begins, Thursday-Sunday, gates open for preview at 10:00 am.

THE EVENTS:GO CAR CRAZY IN JANUARY!

Building Wealth Through Real Estate