JULY | AUGUST 2022
EVENT CALENDAR JULY | AUGUST 2022 Generation Paper: Fast Fashion of the 1960s Phoenix | Through August phxart.org Don’t miss the chance to catch this colorful exhibition at the Phoenix Art Museum. Some may remember the ‘60s trend of paper dresses that swept the nation. Part of an ingenious marketing strategy to promote the “Dura-Weave” textile used in their new disposable tableware line, this fast-fashion fad started by Scott Paper Company quickly spread to other major brands.
White Mountain Musicians Festival Alpine | July 15-17 wmmusicfestival.com Escape the desert heat during this three-day festival in the beautiful White Mountains. Designed to celebrate the summer season and the spirit of music, this event exclusively features local musicians. Enjoy fresh air, dancing, food, drinks, and lots of fun while White Mountain residents and visitors mingle in a laidback atmosphere. Set up at a nearby campsite or RV Park or check the festival’s suggestions for other lodging options.
Saturday Evening Star Rides Clarkdale |Aug. 6, 13, 20 verdecanyonrr.com Take in the expansive and clear Arizona skies during a Saturday Evening Star Ride with The Verde Canyon Railroad. This limited summer event gives passengers a unique view of the canyon, setting off during the vibrant color variations of sunset into twilight.
Rum Society Scottsdale | Aug. 10 thecanalclubaz.com The Canal Club at The Scott is designed to give you a taste of 1930s Havana fused with New Orleans, complete with exquisite cuisine and cocktails. The second Wednesday of every month, join the experts and take a deep dive into the world of rum. Guided by brand experts, explore the liquor’s history and fermentation process while sampling the rum of the month.
Hopi Arts and Cultural Festival Flagstaff | Aug. 27-28 hopifestival.com The mountain town of Flagstaff is known for its many summer celebrations, including the Hopi Arts and Cultural Festival – the only all-Hopi festival in Northern Arizona. More than 50 Native Hopi artists will display their work, including Kachina Dolls, paintings, and pottery while musicians and dancers will perform traditional songs and dances throughout the festival.
Beautiful Bathrooms W
ould you pay $1.7 million for a bathtub? An anonymous bidder recently spent this massive sum on “Le Grand Queen,” a bathtub carved from stone that purportedly had healing properties. While we can’t all soak in such a pricey tub, we can make our bathroom feel more luxurious. Whether you’re planning a total renovation or just updating your soaking space, take notes on these new items popping up in the area’s most stylish homes. No doubt, every luxurious bathroom should start with an elegant bathtub. More and more “statement baths” are moving to the center of the room where the tub’s beauty is on full display. Today’s bathtub materials range from stone and resin, to classic cast iron. Not ready for a total renovation? You could replace your large sauna style Jacuzzi with a smaller more stylish tub in its current locale, or modify the tub surround with luxurious looking marble. From this central point, the rest of the bathroom design takes shape. If you’re installing a new shower, consider a walk-in double shower with glass doors. Relaxing steam shower generators—some complete with aromatherapy—and muscle-relaxing body sprays are current trends. Add a wall niche for toiletries to give the space an uncluttered look. Also, consider closing off your toilet area with a door and perhaps install a bidet. The right materials can add opulence to any space. To get that spa-like feeling, choose chrome or brushed gold fixtures. White marble countertops and white or gray wall and floor tiles can make the space look crisp and clean. Looking for a splash of color? Mosaic tiles and even mural tiles will give the bathroom a fun, refreshing look. When it comes to paint, opt for white and earthy hues or icy blues to lend the space an airy, at-the-spa vibe. A quick and easy way to spruce up your bathroom? Add elements more usually seen in other parts of the home. Hang airy drapes or install shutters to the windows. If your space allows, add a piece of furniture to give the room a bespoke feeling. An antique wardrobe for storing towels and linens or an upholstered poof will give your home a high-end hotel vibe. Other quick ideas: Install a crystal chandelier or fancy heated towel bars. Hang a piece of fine art. Or place a few green plants. All you need now is a fluffy white robe and a glass of water with lemon.
REAL ESTATE
corner
High-Tech Travel Hacks
S
POWER UP – Whether it’s your laptop, tablet, or
ummer is the season of travel! By now, you’ve probably heard the most common travel tips about what and how much to pack. An often-overlooked element, however, is how to maximize the benefit of all your digital devices. Before you head on your next adventure, read these tips from experienced travelers to make sure your vacation runs smoothly from start to finish.
phone, it’s crucial to keep your digital devices charged and ready to use on the go. Packing a small power strip in your carry-on luggage can save you the struggle of finding a free outlet at the airport. If the outlet most convenient to you is already in use, you can offer a solution that lets you share the precious power source. For destinations abroad, you’ll need an international adapter. Rather than lug several adapters around, it’s worth investing in one multi-outlet power bar to ensure all your devices have a chance to recharge.
PREPARE FOR THE WORST – When
IN GOOD TASTE
traveling, small mishaps can cause a major disruption to your plans. At home, scan important documents like your passport, driver’s license, and insurance policies and upload them to a digital storage space such as Google Drive or Dropbox. Alternatively, you can take photos of these documents and save them in an offline space on your phone, so they can be easily accessed without a stable internet connection. Consider linking at least one credit card to a digital wallet on your phone in case you misplace your wallet or get pickpocketed. Hopefully, you won’t need these safety measures, but you’ll be glad to have them in place if you do.
DOWNLOAD THE DETAILS – Take advantage of your fully powered devices by downloading helpful apps and info. Applications like GateGuru show you the amenities in airport terminals and what’s close to your gate. That means less guessing and more informed decisions about where to grab coffee or use a bathroom; no more will you have to wonder if this one is your last chance before your gate. When you’re exploring beyond the airport, use maps of the area you’re visiting that you’ve already downloaded to your phone. This will save you data charges and give you peace of mind that even if you can’t get an internet connection, you can find your way around.
CUCUMBER & TOMATO VINAIGRETTE SALAD INGREDIENTS 10 cups
Medium Diced Cucumbers
2 tbs
Extra Virgin Olive Oil
2 cups
Medium Diced Tomatoes
2 tbs
Premium Vegetable Base
1 cup
Medium Diced Red Onion
1 tbs & 1 tsp
Agave Nectar
1/2 cup
White Wine Vinegar
1 tsp
Finely Chopped Garlic
2 tbs
Balsamic Vinegar
1 bag
Spring Salad Mix
DIRECTIONS In a large bowl, combine cucumbers, tomatoes, and onions. Toss to blend. In a small bowl add white wine vinegar, balsamic vinegar, olive oil, Vegetable Base, agave nectar and garlic. Stir with a wire whip to mix. Pour dressing over cucumber mix and toss to coat and add on top of bagged salad. Cover and chill 1 hour before serving. Season with salt and pepper to taste.
GoodNes.com
KELLY McLAIN
realtor® | 602.625.4653 | mclainjk@aol.com
“
THE #1 AGENT FOR THE
ORANGE TREE & EQUESTRIAN
Orange Tree Active & Pending Listings
MANOR AREA WITH OVER
”
100 TRANSACTIONS! kellymclain.com
CANDIS CREEL, Account Manager
602.697.0232 | ccreel@atsaaz.com “My team and I have had the awesome pleasure of working alongside Kelly McLain for nearly 10 years now. He is truly one of the most loyal, dedicated and knowledgeable Realtors with whom we’ve ever worked! His clients are very privileged to have him represent them, especially in a challenging market. We feel honored to handle the escrow transactions and would highly recommend him to anyone looking to buy or sell a home!”
Listings in the Orange Tree area have increased over 1000% in the past 60 days. Many people have made a lot of very large paper profits in housing over the past 10 years, without having to resort to loan fraud. Those profits have been especially large in the last 2 years. What is driving the market today is fear of those profits disappearing. If they sell now, those paper profits become hard cash, always useful when the rest of the economy is going a bit wonky. Or they can be converted into different assets using a 1031 exchange. Hard cash profits incur capital gains tax, so the 1031 exchange looks an attractive way to avoid that tax. However, if you exchange into something that is exposed to the same market risks, your profits stay at risk too. But cash itself, is still a poor vehicle to store wealth when inflation is running at close to 10%. If we were all logical, it would make some sense for everyone to stay invested in the housing market and sit tight. But we are not all logical. Fear will cause some people to sell and those people can easily spook more people and with the social media environment we now inhabit, a stampede is happening almost as soon as you realize what is going on. The promotion of disaster stories gets a lot of clicks and clicks reward the poster no matter how untrue their content might be. You could say it is logical to be fearful, because fear is highly contagious.
Address
BED
BATH
SQFT List Price
Neighborhood
ACTIVE 12402 N 57TH WAY N
4
2.5
2,494
$1,175,000
CENTURY NORTH
5449 E WETHERSFIELD RD
5
3
3,368
$1,200,000
RANCHO SAGUARO
5530 E SHEA BLVD
4
3
3,617
$1,425,000
AVANT
10401 N 55TH PL
4
2.5
2,996
$1,475,000
PROMONTORY LOT
6002 E CORRINE DR
4
4
3,612
$1,500,000
AVANT
10230 N 58TH PL
3
2
2,193
$1,549,000
COUNTRY ESTATES
6235 E ASTER DR
4
2
2,380
$1,575,000
SHEA NORTH ESTATES
6005 E LAUREL LN
3
3
3,573
$1,599,000
EQUESTRIAN MANOR
11409 N BLACKHEATH RD
4
3
2,058
$1,689,000
CENTURY CLUB ESTATES
5539 E LARKSPUR DR
5
3
3,850
$1,699,999
RANCHO SAGUARO
10805 N 55TH ST
4
3
3,097
$1,875,000
ORANGE TREE ESTATES
6127 E MESCAL ST
4
3
3,846
$1,995,000
CENTURY CIRCLE ESTATES
6217 E YUCCA ST
5
4
4,228
$2,250,000
ORANGETREE MANOR
6102 E GOLD DUST AVE
5
5.5
5,688
$2,795,000
TIERRA FELIZ
6045 E COCHISE RD
5
6
3,800
$3,200,000
TIERRA FELIZ
5335 E SHEA BLVD 2091
1
1
779
$315,000
BELLA TERRA
6315 E CORRINE DR
3
2
2,055
$895,000
SHEA NORTH ESTATES
5634 E LARKSPUR DR
4
2.5
2,494
$998,000
CENTURY NORTH
12240 N 62ND PL
4
2
2,455
$999,000
SHEA NORTH ESTATES
12202 N 60TH ST
4
3
2,866
$1,295,000
AVANT
5530 E DAHLIA DR
4
3
2,479
$1,400,000
RANCHO SAGUARO
5458 E CHOLLA S
4
3.5
3,242
$1,460,000
ORANGETREE ESTATES
10227 N 54TH PL
2.5
2,824
$1,499,000
PROMONTORY LOT 3
UCB
10228 N 57TH ST
4
2.5
2,649
$1,700,000
COUNTRY CLUB ACRES
5341 E YUCCA ST
4
3
2,865
$1,750,000
DESERT HOMES
5443 E SAHUARO DR
4
4
3,884
$1,750,000
ORANGE TREE ESTATES
5449 E WINDROSE DR
4
3
3,345
$1,995,000
RANCHO SAGUARO
5817 E LEITH LN
5
4
4,797
$2,349,000
CENTURY CLUB ESTATES
6341 E SUNNYSIDE DR
7
6.5
6,300
$2,350,000
ARABIAN GREEN
5339 E CORTEZ DR
7
5.5
6,104
$2,775,000
LAS HACIENDAS
All information is deemed reliable but not guaranteed. Properties on this list have been listed/sold by various members of the MLS.
Fear of the market going down can become a self-fulfilling prophecy. If there is a stampede, injuries occur. An orderly exit is almost impossible to engineer. Human nature makes everyone want to do the same thing at almost the same time. What started as an orderly cool down in March quickly turned into a flight to safety in April and May and now we seem to have a stampede for the exits developing in June. The rise in interest rates was a signal for this to happen. It was not the only cause, because if supply has stayed low, it could have coped with a significant fall in demand. But it is not just lower demand we are facing, but far higher supply because of the rush of home owners wanting to exit the market. New listings are coming from all directions. Economic forecasters like to claim that when interest rates rise, home prices go down. That assertion can easily be disproved by detailed research into interest rate and home price history. If people want to believe it, dramatically rising interest rates will cause people to believe that home prices are going to fall, and because they believe it, and act on that belief, home prices can sometimes fall as a result of interest rate rises. Usually they don’t, but sometimes they do. The times they do is when they cause a stampede. It is not yet clear whether this stampede is going to become big enough to cause home prices to fall in a significant way. It is clear that they could, but it is not clear that they will. It depends on the size of the herd stampeding. Of course, if you live in your home as an owner of a primary residence, you are probably not going to join the stampede. But a LOT of people have been tempted to buy second or third homes by the thought of them appreciating. Selling one or two of them might make perfect sense. The biggest impact could come not from these small real estate owners (investors), but from the bigger players. Large scale institutional buyers of homes to rent, such as Invitation Homes, Progress Residential, RoofStock, American Homes 4 Rent, etc. have gobbled up a lot of ordinary affordable homes across Greater Phoenix, especially in the last 15 months. If these players decided to stop buying, it would create another big hole in demand, just as demand is already sinking. The amplification of the downtrend could be destructive in ways we have never witnessed before. I just heard today that one of these big players has cancelled every purchase they have in escrow, forfeiting their earnest money in order to not complete their purchases. This is ominous. The stock market needs to find a bottom, inflation needs to be nipped, and we will have a better handle on the housing market and the direction it takes.
Please text or call me for additional information
If your home is currently listed, this is not a solicitation for that listing.
Kelly McLain Produced by Prime Source & DLP • 480.921.0511 • PrimeSourceAZ.com