For the love of land


From the desert rolling plains to moun­tain­top vis­tas, our var­ied to­pog­ra­phy pro­vides stun­ning back­drops for our lives in Santa Fe. With ap­prox­i­mately 30 per­cent of land in New Mex­ico be­ing pub­li­cally owned, it is a sig­nif­i­cant con­tri­bu­tion to our econ­omy, not only for tourism. Pub­lic opin­ion polls prove that peo­ple and busi­nesses come to New Mex­ico and choose to stay be­cause of the qual­ity of life tied to our pub­lic lands. This has de­vel­oped a strong cor­re­la­tion to the value of pri­vate land as it re­lates to the pub­lic pre­served land around it.

In Santa Fe, a dream home can of­ten start with a dream prop­erty. We fall in love with a piece of land, a view, and pos­si­bil­i­ties that of­fer the abil­ity to cre­ate a unique res­i­dence tai­lored to a prop­erty’s con­tours and the own­ers’ life­style. There is cur­rently a pos­i­tive trend in Santa Fe for the num­ber of land sales and new-home builds com­pared to the last ten years. With the ever in­creas­ingly tech­nol­ogy avail­able for the new smart home and the pop­u­lar­ity of in­te­grat­ing state-of-the-art green fea­tures, the process of buy­ing a lot and hav­ing a cus­tom home built brings the op­por­tu­nity to cre­ate a truly modern master­piece.

We love the trend to­ward in­te­rior spa­ces that open seam­lessly to the out­side via dis­ap­pear­ing re­tractable walls of doors and win­dows, of­fer­ing the abil­ity to en­velop the view that made some­one fall in love with the lot in the first place. The at­ten­tion to out­door liv­ing and en­ter­tain­ing spa­ces is vi­tal in max­i­miz­ing the home’s re­la­tion­ship with its land. An­other pos­i­tive new build trend that res­onates well for our en­vi­ron­ment is an in­creased fo­cus on qual­ity and not just size— pur­pose­ful and ef­fi­cient lay­outs be­com­ing para­mount.

While there are nu­mer­ous con­sid­er­a­tions to en­sure the vi­a­bil­ity of your build goals when buy­ing a piece of land, from wa­ter rights to covenants and build­ing re­stric­tions, we have so many great re­sources and spe­cial­ists in our pro­fes­sional com­mu­nity to help with the due-dili­gence process. An ex­er­cise we find so valu­able to per­form for our land-buy­ing clients is a mar­ket anal­y­sis of the ex­ist­ing re­sale homes in their de­sired area, to serve as a gauge and ref­er­ence point for what price per square foot range of investment is ad­vis­able for their lot pur­chase and build plan.

As we look at the ad­van­tages of liv­ing in a place with cog­nizance of our land re­la­tion­ship, there are great ways for cit­i­zens to help with preser­va­tion of both. As found on­cred­it­con­nec­ new-mex­ico, “New Mex­ico has an in­no­va­tive tax pro­gram that al­lows the trans­fer of con­ser­va­tion in­come tax cred­its from landown­ers to tax­pay­ers with New Mex­ico in­come tax li­a­bil­i­ties. If you’re in­ter­ested in re­duc­ing your New Mex­ico in­come tax while en­cour­ag­ing the preser­va­tion of scenic lands, wildlife habi­tat or work­ing farms and ranches, con­sider pur­chas­ing New Mex­ico con­ser­va­tion in­come tax cred­its. If you’re do­nat­ing ei­ther land or a con­ser­va­tion ease­ment and want to re­ceive im­me­di­ate cash, con­sider sell­ing your tax cred­its.” Ad­di­tional great lo­cal re­sources: New Mex­ico Land Con­ser­vancy— www.nm­land­con­ser­

Santa Fe Con­ser­va­tion Trust—

Gal­is­teo Basin Pre­serve—­is­teobas­in­pre­

We bring a new look to real es­tate to help in­te­grate you within our com­mu­nity. A pro­found love and knowl­edge of Santa Fe com­bine with a fresh out­look, vi­tal­ity, ex­pe­ri­ence, lo­cal in­sight and fun make Penelope and Drew your trusted real-es­tate ad­vi­sors. Con­tact Penelope at 505-6903751 (penelope.vasquez@sothe­byshomes. com) and Drew at 505-470-9194 (drew. lamprich@sothe­

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