Sugar’s BBQ & Burgers is for Sale for $750,000

Sugar's 1MLS # 201303321, Asking Price is $750,000 1799 State Road 68, Embudo, New Mexico.

Sugar’s BBQ & Burgers in Embudo, New Mexico is for sale for $750,000.  Founded by Nancy and Neil Nobles 13 years ago, Sugar’s is a nationally recognized food lover’s mecca.  Gourmet Magazine named Sugar’s as one of America’s Top Ten best drive-ins in May, 2005.  Jane and Michael Stern have showcased Sugar’s on Roadfood.com.  A staple on the exclusive New Mexico Green Chile Cheeseburger Trail, Sugar’s has won rave reviews for its barbeque and burgers from the public on Chowhound, TripAdvisor and Yelp.

Sugar’s is located at 1799 State Road 68 on the way to Taos from Santa Fe along a winding canyon road that borders the Rio Grande.  Embudo is a charming river community nestled among magnificent cottonwoods approximately 5 miles west of Dixon, NM, a thriving artist and agricultural village that is home to the largest number of organic farmers in the state.  Several wineries are close by Embudo, including Vivac, La Chiripada and Black Mesa as well as Blue Heron, a brewery.

Main residential home

Main residential home

The 3.7 acre property has six structures on it, including the diner.  It comes with a 2,700 square foot 3 bedroom, 2 bath home that has a large Saltillo tiled sunroom across the front, a 1,200 square foot gallery/studio that is currently leased to Southwest Country Gifts & Art, a 1,624 square foot 3 bedroom, 2 bath guesthouse, a round adobe hogan which has electricity and a concrete floor and a workshop with a storage room.

Sugar’s has outdoor seating and an old style wood porch.  The front porch is covered with large billboard menus, hand-painted signs and a photo of the pet bulldog, Sugar, for which the restaurant was named.  An antique soda vending machine and carved wooden bench reside on the porch, while picnic tables and gardens are scattered around the diner.

Back patio of main residential home

Back patio of main residential home

Across the road there is an acre of land with river frontage on the Rio Grande and spots to put in a fishing pole or canoe. The possibilities are endless with the property, limited only by a buyer’s imagination.  This compound could be a B&B or an artist’s retreat.

The owners will transfer the name, Sugar’s BBQ & Burgers, and their recipes and even give a new buyer a few weeks of consulting advice if requested to do so. Nancy Nobles explains that after 13 years of carefully building a reputation for outstanding food and service, she and Neil want to retire.  “We’re ready for someone else to take over the kitchen,” Nancy states.

Retail gift shop

Retail gift shop

Karen Meredith, a commercial broker with Keller Williams, points out, “This is great opportunity for an ambitious restaurateur to build on the wonderful food legacy that the Nobles have established.  This is a turnkey sale that includes all of the equipment they have been using to run the restaurant business, except for one smoker that was built by a friend who passed away and has sentimental value.”

Sandra Wright Page, a residential broker with Keller Williams, notes “Sugar’s is famous for their brisket but I love their burgers so much I can’t pass up the opportunity to have one when I am there.  They are only open Thursday-Sunday but they often sell out before they close on Sunday.  If you want to be sure to get some of their mouthwatering brisket, come on a Saturday or come early on Sunday.”

Contact Karen Meredith, Keller Williams Realty, karenbmeredith@gmail.com, 505-603-3036 or Sandra Wright Page, Keller Williams Realty, 505-690-8373, sandrawrightpage@gmail.com for more information.

City Home Prices Down 17%, Sales Up in Santa Fe

10-A ABs Road Front Entrance, a beautiful home for sale in Chupadero.  See my listings for more information.

10-A ABs Road Front Entrance, a beautiful home for sale in Chupadero. See my listings for more information.

Posted: Wednesday, April 10, 2013 12:16 pm | Updated: 1:04 pm, Wed Apr 10, 2013.

By Chris Quintana The New Mexican | This article was syndicated from The New Mexican, for the original article.

The median sales price of homes sold in the city of Santa Fe during the first quarter of 2013 fell nearly 17 percent from the same period last year, according to figures released by the Santa Fe Association of Realtors on Wednesday morning.

But the number of homes sold increased more than 10 percent from 133 to 147.

The average price of single-family homes sold in the city during the first three months of the year was $245,000 compared to $295,000 in 2012.

In the county, average single-family home prices declined about 1.6 percent from $385,000 to $379,000, and the number of sales fell 5 percent.

The quarterly report also shows that inventory is drying up.

The total number of homes available in city and county declined from 2,204 in the first quarter of 2012 to 1,287 in the first quarter of this year — a 41.6 percent drop.

Victoria Murphy, the president of Santa Fe Association of Realtors, said homes on the south side of town starting to sell. “We’re starting to see less inventory there, and that’s good,” she said.

Condo and town home sales declined from 65 units in 2012 to 62 units in 2013, but median prices were up to $212,500 in 2013 compared to $191,600 in 2012.

Housing permits are down as well, according to figures provided by Reed Liming, the director of the city’s Long-range Planning Division. In 2012’s first quarter, the city issued 105 residential building permits, compared to 2013 when it issued 41 permits.

But the 2012 figure included 61 permits for multifamily housing projects. When that number is discounted, the number of permits is more similar — 44 in 2012 and 41 this year.

The county’s building permits have stayed the same with 23 in the first quarter of both 2012 and 2013.

Liming said he expects the city to issue between 180 and 200 building permits and the county around 100 permits by the end of the year — about the same as last year.

But Liming said once the housing market in Santa Fe becomes even tighter, new construction should increase.

“We’re seeing the lag between the existing housing market and new construction,” he said.

On the brighter side, Scott Robinson, the branch manager of Gateway Mortgage Group, said he’s seeing fewer people refinancing existing mortgages and more seeking loans for new home purchases.

He said there has been an increase in the number of Federal Housing Administration loans and in the United States Department of Veterans Affairs’ home loans. He also said he has seen an increase in first-time homeowners.

 

Home prices finally returning to normal by CNN Wire, 03/05/13, Santa Fe expected to be big gainer and rise 8.1% by year end

Santa Fe photo old doorThis article is syndicated from abc15.com. To read the original article, click here.

CNN Wire reports:  “After years of wild swings, the U.S. housing market is slowly returning to normal.

The latest forecast from Fiserv Case-Shiller predicts home prices will increase by an average of 3.3% annually over the five years ending September, 2017.

“2012 was the first year since 1997 that the housing market has resembled something [close to] normal,” said David Stiff, Fiserv’s chief economist. “For the past 15 years, home price changes and sales volumes have either been boosted by a bubble mentality or crushed by crash psychology.”

From 1998 until the housing bubble peaked in 2006, home prices grew by 5% or more a year. But once the bubble burst, home prices plunged, falling 30.5% through the end of September 2012.

It wasn’t until late 2011 that markets started to stabilize, according to Stiff. Between September 2011 and September 2012, average U.S. home prices rose 3.6%. By then, 62% of the 384 metro areas Fiserv tracks reported rising home prices, up from just 12.5% of all markets during the same period a year earlier.

Many of the metro areas hit hardest by the housing bust recorded the biggest price gains during those 12 months. In Phoenix, for example, prices climbed back by nearly 21%; prices in Detroit rose almost 16%; and homes in San Jose, Calif., gained 12.5%.

Values continued to decline on Long Island, N.Y., however, where prices fell 8.1% and where Stiff said the turnaround in median income lagged the rest of the nation by about a year. Brunswick, Ga., also saw declines, down 7.1%, as did Valdosta, Ga, off 6.9%. Both areas saw jumps in foreclosures.

By the end of this year, Fiserv predicts that home prices will be heading higher in almost every metro area it tracks. Medford, Ore., is expected to gain 9.7% in the 12 months through September, the highest of any city. Other big gainers are expected to be Santa Fe, N.M., up 8.1%, Billings, Mont., 5.5% and Syracuse, N.Y., 5%.

Fiserv expects Miami home prices to sustain a 10.7% loss over the same period, the largest drop of any market. Stiff said a steady stream of foreclosures will keep prices soft in the area during that time.

While Stiff said home price gains will be similar to those experienced back in 1997, he noted the similarities stopped there. Currently, millions of homes are either in foreclosure or on the verge of it.

Otherwise, there are many positive trends in today’s market, he said. Prices are extremely affordable and mortgage rates are at or near historic lows. Overall, Fiserv Case-Shiller expects stronger demand for housing, and the sector should, once again, have a positive impact on the economy.”

About Santa Fe, New Mexico

St. Francis Cathedral Basilica

St. Francis Cathedral Basilica

Santa Fe is located in northern New Mexico. Nestled in the foothills of the beautiful Sangre de Cristo Mountains at the southern tip of the Rocky Mountains, Santa Fe has an elevation of 7,000 feet.  As a result of our high altitude desert environment, Santa Fe enjoys an average of 300 days of sunshine annually, warm days and cool nights and four full seasons.

Santa Fe is an outdoor lover’s paradise.  Nearby mountains that reach over 12,000 ft. provide local residents with downhill and cross country skiing and snowshoeing opportunities in the winter.  Abundant National Forest land and State Parks surrounding Santa Fe contain deep canyons and colorful deserts for hiking, biking, horseback riding and water sports.  It is no accident that Outside magazine has its headquarters here.  To learn more about the recreational opportunities in and around Santa Fe, visit The Public Lands Information Center.

The Inn at the Loretto, Santa Fe's most photographed building, takes its inspiration from Taos Pueblo. Karen Meredith 2010

The Inn at the Loretto, Santa Fe’s most photographed building, takes its inspiration from Taos Pueblo. Karen Meredith 2010

Santa Fe is the second oldest city founded by European colonists in the United States, first inhabited by Spanish settlers in 1607 and established in 1610 as the capital of Spain’s northernmost territory.  Originally Santa Fe was called La Villa Real de la Santa Fe (The Royal City of the Holy Faith). The famous El Camino Real (the Royal Road), a 1,500 mile trade route which ended in Santa Fe’s Plaza, connected Santa Fe to Mexico City and was in use from 1598 to 1885.  Now the capital of New Mexico, Santa Fe is the oldest capital in the United States.

Long before the Spanish arrived, Pueblo Indians were living in the Rio Grande Valley in communal houses with hundreds of rooms, often four or five stories high, with earth floors, adobe walls and flat roofs held together by pine logs (also called vigas).  This method of building structures strongly influenced the settlers who came later.  Santa Fe’s rich cultural history, a blend of Native American, Spanish and Anglo influences, has led to its unique Spanish Pueblo and Territorial style architecture, which is unlike any other city in the United States.  Santa Fe’s unique architecture style is one of the reasons Santa Fe draws over 1,000,000 visitors annually.

Santa Fe’s magnificent quality of light, ever changing skies and colorful, dramatic landscape are responsible for the thriving artists’ community here.  Santa Fe is the 3rd largest art market in the United States in sales volume and boasts nearly 300 galleries and dealers.  East of the Plaza, Canyon Road has the highest concentration of art galleries in the city, and is a major destination for international collectors, tourists and locals. The Canyon Road galleries showcase a wide array of contemporary, Southwestern, Native American, and experimental art.

Not surprisingly, given the importance of art, history and culture here, Santa Fe has over a dozen major museums, mainly located near the Plaza or on Museum Hill.  If you plan to visit more than a few museums, consider buying one of several multi-day, multi-museum passes.  For instance, currently you can buy an $18  Museum Pass good for 4 days of unlimited visits to the Museum of Fine Arts, the Palace of the Governors, the Museum of Indian Arts & Culture, the Museum of International Folk Art and the Museum of Spanish Colonial Art.  Also available is the CulturePass, currently $25, which allows the holder to visit each of  New Mexico’s 14 state museums and monuments once during a 12-month period.

Opera buffs will enjoy the Santa Fe Opera, which many rank as the second best opera company in the United States, behind only the Metropolitan Opera in New York. Established in 1957 and housed in an architecturally stunning, partially open air amphitheater surrounded by panoramic vistas, it consistently draws famed directors, conductors and singers.  The opera season typically runs from the beginning of July to late August.

The Lensic Theater, located at 211 West San Francisco Street, is an 821 seat theater which was completely restored and renovated between 1999 and 2001, and provides Santa Fe and Northern New Mexico with a modern venue for the performing arts.  The Metropolitan Opera’s live simulcast performances are shown at the Lensic Theater.

Santa Fe Festival

Santa Fe Festival

With a population of approximately 70,000 people, Santa Fe combines many of the benefits of small town life and wide-open spaces with access to cultural events normally associated with much larger cities.

Traveling to Santa Fe  American Eagle flies three daily roundtrip services between Dallas/Fort Worth and the Santa Fe Airport and one daily flight between Santa Fe and Los Angeles International Airport.

Many visitors traveling by air to Santa Fe fly into Albuquerque, New Mexico first and then make the one hour drive north to Santa Fe either by car or by shuttle.  Sandia Shuttle offers convenient, frequent shuttle services between most Santa Fe hotels, motels and bed & breakfasts and Albuquerque International Airport.

Santa Fe Cerrillos Road Office/Warehouse Space near new Super WalMart

MORIANNI PLAZA, 6600-6700 Cerrillos Road, Santa Fe, NM, Units D, E and F 

Front of building

Front of building

$769,900 | MLS #201201949 

Approximately 7,227 Sq. ft. | 3 Condominium Units, plus development rights to a 4th unit

Great location and excellent visibility on high traffic Cerrillos Road!  One mile south of the intersection of Airport Road and Cerrillos Road.  Next to the Santa Fe Auto Park.  Near the planned Walmart Supercenter and Las Soleras. Fully leased.

This plaza has 2 commercial buildings and 6 units, with room to build a 7th unit.  The building on the left hand side is for sale.  Currently occupied by an auto repair shop and Santa Fe Boxing.  Plaza has 74+ parking spots.

There is an on-site property manager who is also one of the tenants.

APOD and rent roll available. Zoned C-2, which allows for many uses.

Also for sale as 3 separate units.

Unit D, which is occupied by an auto repair shop, is available for $465,000, MLS # 201201898.

Unit E, which is occupied by Santa Fe Boxing, is available for $165,000, MLS # 201201950.

Unit F is currently vacant and has the development rights to build a 7th unit, is available for $179,500, MLS # 201201959.

Investors and users, don’t miss this opportunity!

Contact Karen Meredith, Keller Williams, at 505 603-3036 to schedule an appointment.

 

 

 

 

Santa Fe ranked as a Top 10 International Destination for Art and Architecture by Hotwire.com

Santa Fe photo St. Francis BasilicaSanta Fe was ranked as a Top 10 international destination for art and architecture in a list compiled by Hotwire.com.

Santa Fe was included with such cities as Paris, Florence, Vatican City, St. Petersburg and other major travel destinations as being one of the best cities in the world in which to admire famous art.

Santa Fe and Los Angeles were the only two North American cities included.

Of Santa Fe, the article said, “The community of Santa Fe has long been considered both a haven for creativity and an important gathering place for the American art community …”

Santa Fe was ranked seventh. The entire list is:

1. Paris

2. Florence, Italy

3. Vatican City

4. Berlin

5. Amsterdam

6. St. Petersburg, Russia

7. Santa Fe

8. Los Angeles.

9. Sydney

10. Tokyo

2012 Santa Fe homes sales on pace to be best in five years

The New Mexican reported on August 11, 2012 that the summer of 2012 so far represents a rebound for residential sales in Santa Fe County.

The 158 residential sales in June were the highest number of closed transactions in 57 months. July’s sales total of 143 showed the trend continuing. Barring unforeseen circumstances, such as another financial crises, total sales in 2012 are on pace to be the best since 2007.

The total number of sales in the first seven months of 2012, 879, represents a 14 percent increase over 2011 and a 40 percent increase from 2009.

The sales have occurred in all price ranges. There have been 42 residential sales of $1 million or higher so far this year, and 366 sales at $300,000 or below according to statistics complied by Alan Ball, local real estate statistician guru.

The New Mexican observed that “Though the boost is helping the overall economy — with more business for agents, appraisers and inspectors, and increased revenue for local governments that collect gross receipts taxes — it does not necessarily mean jubilant sellers, since prices have not significantly increased from the bottom.

In the second quarter of 2012, the median sales price in the city and county combined had declined 6.8 percent from a year ago. And overall in Santa Fe County, the typical home has lost 30 percent of its value from the top of the market in 2007, according to some estimates.

That has led to a smaller inventory of homes as more owners refinance and stay put, waiting for prices to climb — especially as interest rates have remained low. At the end of June, for instance, there were 1,571 homes on the market countywide — a decrease of 19 percent from a year earlier, according to the Santa Fe Association of Realtors.

For those looking to buy, there is a new database to determine the average closing costs on a $200,000 loan in New Mexico. According to Bankrate.com, which surveyed five to 10 lenders in each state, those average costs total $3,617, including $435 for an appraisal, $495 for processing and $1,058 for the origination fee on the loan. In New Mexico, the average cost of a title search and insurance on a $200,000 loan is $1,434, according to Bankrate.

The 50-state average for closing fees is $3,754, with New York highest at $5,435 and Missouri the lowest at $3,006.”

To view the Bankrate.com website.

Original article by:

Bruce Krasnow | The New Mexican
Posted: Saturday, August 11, 2012

CNNMoney names Santa Fe one of the Best Places to Retire Now

CNNMoney has named Santa Fe one of the Best Places to Retire Now.

By Anne VanderMey, reporter @FortuneMagazine, Posted June 20, 2012.  To read the original article in its entirety.

As reported by CNNMoney:

“Blue skies and mild winters don’t always have to mean Florida or Arizona. Santa Fe gets 325 days of sunshine per year, there are eight major golf courses in the area, and it’s a stone’s throw from a major mountain range: The Sangre de Cristo Mountains offer skiing, hiking, and spectacular views. It also has culture to spare: The city is packed with galleries and features a buzzing contemporary art scene, an internationally renowned opera, and an award-winning restaurant lineup.

No wonder, then, that in recent years Santa Fe has become an increasingly popular destination for retirees (and celebrities like Gene Hackman and Tom Ford). Housing isn’t cheap in the desirable center of town, where houses start at about $400,000, local realtors say. But closer to the outskirts, buyers can find classic pueblo-style homes for as little as $150,000.

Santa Fe has also held up well relative to other sun-drenched spots during the housing crisis. Employment here now outpaces the national average, and Fiserv Case-Shiller estimates that it will be one of the strongest housing markets over the next few years, with an annualized increase of 7.6% through 2016.”

American Lung Association Reports Santa Fe Air Ranks Among the Country’s Cleanest

By Staci Matlock | The New Mexican
Posted: Sunday, April 22, 2012  To read the original article in its entirety.

Breathe deeply, Santa Feans.

The City Different and Santa Fe County has some of the cleanest air in America, according to the American Lung Association.

That’s excellent news for children, elderly and people with asthma, cardiovascular disease and emphysema who are most at risk of health problems when they breath polluted air. An estimated third of Santa Fe County’s population falls into one of those categories.

The association analyzed data from 2007 to 2010 related to ozone and particles emitted from vehicle tailpipes, power generating stations, mining, manufacturing and more. The association has analyzed air quality in U.S. cities for the last dozen years and published the results in annual State of the Air reports.

The reports rank cities based on levels of ozone, short-term particle pollution and long-term particle pollution. Santa Fe joined Honolulu as the only cities who were on the association’s “cleanest air” list in all three categories from 2007-2010, the period for which data was analyzed.

Santa Fe earned an A for low ozone and 24-hour particle pollution, and it passed the annual particle pollution category.

Particles are mixtures of chemicals and materials floating around in air. Some are so tiny they can’t be seen without an electron microscope. Some are thinner than a strand of hair.

Smoke, dust, pollen and gas fumes are just a few of the particles launched into the air by wind, plants, power generation and wildfires. People inhale the particles with air. People cough out the larger particles, but smaller particles can get trapped in lung tissue, causing illness.

Ozone, another dangerous lung irritant analyzed by the American Lung Association, also comes from a mixture of gases produced by cars, smokestacks and burning coal. The gases — nitrogen oxides and volatile organic compounds — when combined with sunlight and warmth, produce harmful ozone in the lower atmosphere.

Children, people older than 65, those who like to exercise outdoors and people who have existing lung problems such as asthma are more susceptible to the ill effects of elevated ozone levels. People exposed to high levels of ozone can suffer wheezing, chest pain, asthma attacks and respiratory infections.

The American Lung Association report notes that while air quality has improved overall around the country, 1 in 17 Americans (18.5 million total) live around unhealthy levels of ozone and particles.

Recent Transactions

Below is a summary of some of my recent sales where I represented the Seller or the Buyer:

2049 Placita de Quedo, Santa Fe, NM 87505, Offered at $164,000, MLS # 201105071, 2 Bedrooms, 2 Baths, 1,000 Sq. Ft.  Represented the Buyer, Sold 8/15/12.

17 Los Ojitos, Santa Fe, NM 87506, Offered at $169,000, MLS # 201105094, 3 Bedrooms, 2 Baths, 1,938 Sq. Ft., Lot Size, .29 acres.  Represented the Seller and the Buyer.  Sold 6/27/12.

6600-6700 Cerrillos Road, Santa Fe, NM 87507, Offered at $1,995,000, MLS #201001373, 12,000 sq. ft., Lot Size 24,363 Sq. Ft. Commercial.  Represented the Seller and the Buyer.  Sold 6/6/12.

734 Porvenir, Santa Fe, New Mexico 87501, Offered at $225,000, MLS # 201201321, 3 Bedrooms, 2 Baths, 1,348 Sq. Ft., Lot Size .014 acres.  Represented the Seller.  Sold 5/29/12.

21 Ceramic Court, Santa Fe, New Mexico 87508, Offered at $245,000, MLS # 201104457, 3 Bedrooms, 2 Baths, 1,943 Sq. Ft., Lot Size 2.46 acres.  Represented the Seller.  Sold 5/03/12.

06 Las Joyas, Santa Fe, New Mexico  87506, Offered at $899,000, MLS # 201201592, 4 Bedrooms, 4 Baths, 4,837 Sq. Ft., Lot Size 2.66 acres. Represented the Seller and the Buyer. Sold 4/16/12.

3148 La Paz Lane, Santa Fe, New Mexico 87507, Offered at $225,000, MLS #702402, 2 Bedrooms, 2 Baths, 1,230 Sq. Ft.  Represented the Seller. Sold 3/26/12.

71 Star Dancer Trail, Santa Fe, NM  87506, Offered at $649,000, MLS #201100993, 3 Bedrooms, 2 baths, 2,630 Sq. Ft. Represented the Buyer.  Sold 3/15/12.

2308 Calle Pacifica, Santa Fe, New Mexico  87505, Offered at $249,500, MLS # 201104870, 3 Bedrooms, 2 Baths, 1,753 square feet.  Lot Size .19 acres.  Represented the Seller.  Sold – 02/07/12.

18 Primrose, Santa Fe, New Mexico 87506, Offered at $869,000, MLS # 201005531, 3 Bedrooms, 3 Baths, 3,300 Square Feet, Lot Size 1.5 acres.  Represented the Buyer.  Sold – 01/10/12.

1405 Vegas Verdes #105, Santa Fe, New Mexico, Offered at $120,000, MLS # 201104936, 1 Bedroom, 2 Baths, 874 square feet.  Represented the Seller. Sold 11/30/11.

47 Bouquet Lane, Santa Fe, New Mexico, Offered at $355,000, MLS # 201104078, 4 Bedrooms, 2 Baths, 2,487 square feet, Lot Size .8 acres.  Represented the Buyer and the Seller.  Sold 11/03/11.

2924 Pueblo Pintado, Santa Fe, New Mexico, Offered at $220,000, MLS # 201105107, 3 Bedrooms, 2 Baths, Lot Size .13 acres.  Represented the Seller.  Sold – 10/31/11.

621 Old Santa Fe Trail, Santa Fe, New Mexico, Offered at $1,380,000, MLS # 201103504, 8,700 square feet. Commercial. Represented the Buyer. Sold 09/09/11.

36 Vista Lagunitas, Santa Fe, New Mexico, Offered at $599,000, MLS # 201102611, 4 Bedrooms, 4 Baths, 2,900 square feet, Lot size 1.499 acres.  Represented the Seller.  Sold – 7/27/11.

41 Camino de Milagro, Santa Fe, New Mexico, Offered at $635,000, MLS # 201006026, 3 Bedrooms, 3 Baths, 3,457 square feet, Lot Size 14.94 acres. Represented the Buyer. Sold – 6/23/11

138 East Santa Fe Avenue, Santa Fe, New Mexico, Offered at $443,000, MLS #201006182, a 2,159 square foot triplex and 140 East Santa Fe Avenue, Santa Fe, New Mexico, Offering Price – $352,000 MLS #201006188, a 1,760 sq. ft. duplex. Represented the Seller. Sold both – 3/29/11.