Luxury Urban & Resort
July | August 2014
LUXURY URBAN CONDO SNAPSHOT
Luxury Urban & Resort Specialists Keith Mishkin and Phil Tibi have collectively sold over $1 Billion of Luxury and Resort residential properties. Proven and Successful Marketing Strategies Contact Keith or Phil directly for pocket listings and properties that have not yet hit the market!
2211 Camelback
The Mark
Scottsdale Waterfront
Esplanade
Crystal Point
Optima Biltmore
Bridgeview
Valley Ho
Landmark Kierland
Considering Selling, Moving up, Downsizing, or Investing? Contact us today for a private consultation and experience true customer satisfaction.
CALL OR EMAIL TO RECEIVE OUR DETAILED MONTHLY LUXURY URBAN & RESORT STATISTICS REPORT. The remnant distressed properties are now gone; prices have fully stabilized and are rising. Currently we have approximately $93 million of Luxury Urban & Resort inventory available for sale.
Luxury Condo and Resort Home Stats Mid-Year Report: In comparing the first half of 2013 to 2014, we see a volume decrease of $14MM from $103MM over 200 transactions sold in the first half of 2013 compared to $89MM and 176 transactions year to date. Average price per square foot in 2013 was $285/Sf with the priciest condo or resort home selling at $3.6MM, while 2014 still averaged a higher per square foot of approx. $291/Sf. The priciest luxury condo/resort home transaction year to date is $2.45MM. The average days on market were similar within both periods. Although fewer number of transactions in 2014, we certainly see a healthier market with nearly zero distressed transactions in the luxury condo market. Inventory is at the lowest level in several years. Prices have completely stabilized and I expect to see prices continue to rise between five and seven percent over the next 12 months. Our clients who have purchased throughout these two years are certainly enjoying this more stable market and the appreciation. The short period of being able to purchase below replacement costs are almost gone! Several new communities are being announced and our current communities including Pinnacle Pointe across from the Four Seasons already sold 36 of the 84 homes since public report in November showing strong buyer demand. Please let us know if you would like to join our interest list for our new urban communities opening later this year in Tempe and North Central. Please feel free to call us for your private consultation whether you’re in the market to Sell, Lease, or even creatively finance your overall real estate objective.
WWW.CAMBRIDGEPROPERTIES.COM
PHIL TIBI
ASSOCIATE BROKER GRI, CRS, CIPS, E-PRO
602-788-6359 O 602-692-0780 C Phil@CambridgeProperties.com If your home is currently listed, this is not a solicitation for that listing.
KEITH MISHKIN BROKER, CRS
602-788-1700 O 602-469-6600 C Keith@CambridgeProperties.com
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
Wheels Up! Leaving on a Jet Plane
Be Cool and Save Money
Reduce Your Air Conditioning Costs
The Handlebar’s Quick & Delicious Quinoa Summer Salad
Luxury Urban & Resort Properties
Exclusively Represented by Cambridge Properties
In Good Taste The Handlebar Tempe 480.474.4888 | HandlebarAZ.com
QUINOA SALAD WITH ROASTED BEETS QUINOA SALAD INGREDIENTS: 2 c cooked quinoa 1/2 c cooked beets large dice 1/2 c sugar snap peas bias cut into 1/4’s 1/2 c pomegranate seeds 1/2 c sweet garlic dressing (recipe follows) 4 tbsp crumbled feta cheese to top salads 4 leaves butter leaf lettuce Salt and pepper to taste
Calling all seasoned travelers! Want to impress your sweetheart or your fabulous family like never before? Consider planning a stylish summer trip and book your own private jet for an unforgettable weekend getaway. It’s the ultimate in luxury and convenience... and believe it or not, it’s more affordable than you might think. Whether you’re flying to San Francisco for a business trip or heading to cooler climes for a quick escape, private jets offer the perks of your own personal plane, available only when you need it. The biggest advantage? You will save a ton of time by not waiting on long lines at check-in and eliminating connecting flights altogether. How does arriving a mere 5 to 15 minutes prior to departure sound? And those long security lines? Yes, you skip those, too. Smaller private planes are also able to fly into smaller airports, which may be closer to your
SWEET GARLIC DRESSING INGREDIENTS: 1/2 c apple cider vinegar 1/2 c vegetable oil 1/2 c sugar 4 garlic cloves 1/4 red onion 1 tsp salt 1 tsp pepper 1 tsp Worcestershire SWEET GARLIC DRESSING DIRECTIONS: Mix together the oil, vinegar and sugar. Pour a small amount of the liquid in a blender with the salt, pepper, Worcestershire, garlic, and red onion. Puree until smooth. Stream in the remaining liquid with the blender running, turn off and adjust the seasonings as need. Yield: 2 Cups QUINOA SALAD DIRECTIONS: In a large mixing bowl combine the cooked quinoa, beets; sugar snap peas, and pomegranate seeds. Season these items lightly with salt and pepper, and then add the sweet garlic dressing and toss to combine. To plate: Place a leaf of butter lettuce in each of the 4 bowls and divide the quinoa salad evenly amongst the 4 bowls. Top each salad with a tablespoon of crumbled feta cheese.
Servings: 4
ultimate destination. This of course saves you additional time. In fact, aviation experts estimate you can save four and a half hours per flight each time you book a private charter plane. Charter jets offer several luxurious types of aircraft, depending on your destination, length of trip, and number of passengers. Plane varieties include small turbo prop planes and light jets all the way up to mid and heavy jets. Imagine a business flight during which you and your associates can work in comfortable conference-style seating maximizing efficiency in the air. If flying for pleasure, you’ll savor the catered cuisine that is nothing like standard airplane fare. And you’ll arrive at your destination refreshed after visiting the private restroom. And finally, you also get the advantage of choosing your travel companions. No more chatty passengers disturbing you if you want to catch up on sleep, no more crying babies if you’re trying to work, and no more lines for a shared bathroom. You’re also allowed much more freedom on board the plane, since it’s your own personal chartered plane.
The cost for these perks? You can expect to pay somewhere between $3,000 to $6,000 per hour of flight, depending on the class of airplane selected. So-called “empty leg” flights are one way to cut down on your expenses. Since approximately 40 percent of all private charter return trip flights fly with no passengers in the cabin, savvy fliers can book these fares at up to 50 percent off regular rates. So next time you’re looking to splurge a bit, consider whisking your sweetie off for a romantic getaway in Las Vegas or flying your extended clan off to a family reunion in Aspen, all in your own private jet. It will be the trip of a lifetime... and may be the beginning of a new way to travel. Wheels up, anyone?
you automatically reduce your energy usage when you are out of the house by adjusting the temperature so that your cooling system will run less while you are away. If your HVAC system is more than 10 years old, replacing the old system may be the way to go. A new system could better heat or cool your home making you more comfortable and saving you money in the long run. By investing in the highest energy rated HVAC system possible now, you are hedging your bets against higher energy costs in the future. The efficiency of central air conditioning systems is rated by a Seasonal Energy Efficiency Ratio (SEER). You can think of it as miles per gallon, the higher the SEER, the lower the utility bill. As of January 2006, the minimum allowable efficiency for new air conditioners is 13-SEER. Systems manufactured today range from 13 to 24-SEER. Air conditioners rated closer to 24-SEER can cost half as much to run as those with the minimum
JULY | AUGUST 2014 Peter Pan Arizona Broadway Theatre | July 11-August 17 623.776.8400 | AZBroadway.org “Second star to the right, and straight on till morning!” Known by many from the 1953 Disney movie, Peter Pan tells the story of the mischievous boy who can fly, who never ages, and who spends his never-ending childhood adventuring on the enchanting isles of Neverland as the undisputed leader of the Lost Boys. This summer, audiences are invited to sprinkle a little pixie dust and join Peter, Wendy, Michael, John and Tinker Bell on a magical adventure as they battle alligators and the notorious Captain Hook in Arizona Broadway Theatre’s high-flying and fanciful spectacle! Kierland Commons Summer Concert Kierland Commons | July 19 480.348.1577 | KierlandCommons.com Enjoy this complimentary concert in Center Plaza from 7-9 p.m. Chuck E. Baby will be playing classic rock favorites. Chuck E. Baby and the All-stars were voted as “Top 10 Finalist | Best Of” in the local band category for AZ Central Best 2013 Reader’s Choice Awards for the 5th consecutive year. Dr. John Talking Stick Resort | August 8 480.850.7734 | TalkingStickResort.com Dr. John is an ambassador to all things New Orleans. The man known as the Night Tripper will bring his life-honed sound to the Showroom at Talking Stick Resort. Known for songs like “Right Place Wrong Time” and “Down in New Orleans,” Dr. John’s musical footprint has spanned over five decades. He has won six Grammy Awards and was inducted into the Rock and Roll Hall of Fame by singer John Legend in March 2011.
COOLING EFFICIENTLY During the summer months it might be time to take a hard look at your cooling system and determine if you could save significant money by upgrading or replacing it. Heating and cooling is the biggest energy user in most homes, accounting for more than 40 percent of a home’s energy bills. A good first step is to have an energy assessment done on your home by an energy efficiency professional. The assessment can range from a simple walk-through up to a comprehensive audit that includes blower-door tests that pressurize the house so energy leaks can be detected and duct-blaster tests to test for integrity of the duct system. When looking for an auditor, look for someone with a Home Energy Rating System (HERS) rating. Your local utility company may subsidize the cost of the audit. Once you make your home more energy efficient with well-sealed ductwork and adequate insulation, a properly programmed thermostat is another way to save money on heating and cooling costs. Programmable thermostats let
Event Calendar
Anthem Sprint Triathlon Anthem Community Center | August 23 623.330.0913 | 4PeaksRacing.com This reverse order sprint triathlon will kick-off your fall season with a bang! The Anthem Sprint Triathlon, hosted in conjunction with Team Anthem Multisport Club, is held in a great location and on a fantastic course. Consisting of a 5km run, a fast 20km bike course and a 400m swim to the finish, The Anthem Sprint Triathlon is a great way to start your fall racing season. limit. Look for models with the Energy Star rating because those models are about 10 to 15 percent more efficient than standard models. Seek a qualified HVAC professional to do a load calculation to properly size your system. Your HVAC system is a big investment. By doing a little research and considering these factors, your wallet will thank you in the long run.
Ghost Towns of Arizona: Photography of Kurt Wenner Pueblo Grande Museum | through August 30 602.495.0901 | Phoenix.gov This exhibit features over 40 photographs of Arizona ghost towns, taken by Kurt Wenner between 1996 and 2006. Though many of the places and structures in the images no longer survive, this exhibit strives to tell the story that not all history is written by people who live in big cities. People find old, abandoned places fascinating, and certainly full of questions. Why was this town built? Who lived here? Why did they leave?
In Good Taste The Handlebar Tempe 480.474.4888 | HandlebarAZ.com
QUINOA SALAD WITH ROASTED BEETS QUINOA SALAD INGREDIENTS: 2 c cooked quinoa 1/2 c cooked beets large dice 1/2 c sugar snap peas bias cut into 1/4’s 1/2 c pomegranate seeds 1/2 c sweet garlic dressing (recipe follows) 4 tbsp crumbled feta cheese to top salads 4 leaves butter leaf lettuce Salt and pepper to taste
Calling all seasoned travelers! Want to impress your sweetheart or your fabulous family like never before? Consider planning a stylish summer trip and book your own private jet for an unforgettable weekend getaway. It’s the ultimate in luxury and convenience... and believe it or not, it’s more affordable than you might think. Whether you’re flying to San Francisco for a business trip or heading to cooler climes for a quick escape, private jets offer the perks of your own personal plane, available only when you need it. The biggest advantage? You will save a ton of time by not waiting on long lines at check-in and eliminating connecting flights altogether. How does arriving a mere 5 to 15 minutes prior to departure sound? And those long security lines? Yes, you skip those, too. Smaller private planes are also able to fly into smaller airports, which may be closer to your
SWEET GARLIC DRESSING INGREDIENTS: 1/2 c apple cider vinegar 1/2 c vegetable oil 1/2 c sugar 4 garlic cloves 1/4 red onion 1 tsp salt 1 tsp pepper 1 tsp Worcestershire SWEET GARLIC DRESSING DIRECTIONS: Mix together the oil, vinegar and sugar. Pour a small amount of the liquid in a blender with the salt, pepper, Worcestershire, garlic, and red onion. Puree until smooth. Stream in the remaining liquid with the blender running, turn off and adjust the seasonings as need. Yield: 2 Cups QUINOA SALAD DIRECTIONS: In a large mixing bowl combine the cooked quinoa, beets; sugar snap peas, and pomegranate seeds. Season these items lightly with salt and pepper, and then add the sweet garlic dressing and toss to combine. To plate: Place a leaf of butter lettuce in each of the 4 bowls and divide the quinoa salad evenly amongst the 4 bowls. Top each salad with a tablespoon of crumbled feta cheese.
Servings: 4
ultimate destination. This of course saves you additional time. In fact, aviation experts estimate you can save four and a half hours per flight each time you book a private charter plane. Charter jets offer several luxurious types of aircraft, depending on your destination, length of trip, and number of passengers. Plane varieties include small turbo prop planes and light jets all the way up to mid and heavy jets. Imagine a business flight during which you and your associates can work in comfortable conference-style seating maximizing efficiency in the air. If flying for pleasure, you’ll savor the catered cuisine that is nothing like standard airplane fare. And you’ll arrive at your destination refreshed after visiting the private restroom. And finally, you also get the advantage of choosing your travel companions. No more chatty passengers disturbing you if you want to catch up on sleep, no more crying babies if you’re trying to work, and no more lines for a shared bathroom. You’re also allowed much more freedom on board the plane, since it’s your own personal chartered plane.
The cost for these perks? You can expect to pay somewhere between $3,000 to $6,000 per hour of flight, depending on the class of airplane selected. So-called “empty leg” flights are one way to cut down on your expenses. Since approximately 40 percent of all private charter return trip flights fly with no passengers in the cabin, savvy fliers can book these fares at up to 50 percent off regular rates. So next time you’re looking to splurge a bit, consider whisking your sweetie off for a romantic getaway in Las Vegas or flying your extended clan off to a family reunion in Aspen, all in your own private jet. It will be the trip of a lifetime... and may be the beginning of a new way to travel. Wheels up, anyone?
you automatically reduce your energy usage when you are out of the house by adjusting the temperature so that your cooling system will run less while you are away. If your HVAC system is more than 10 years old, replacing the old system may be the way to go. A new system could better heat or cool your home making you more comfortable and saving you money in the long run. By investing in the highest energy rated HVAC system possible now, you are hedging your bets against higher energy costs in the future. The efficiency of central air conditioning systems is rated by a Seasonal Energy Efficiency Ratio (SEER). You can think of it as miles per gallon, the higher the SEER, the lower the utility bill. As of January 2006, the minimum allowable efficiency for new air conditioners is 13-SEER. Systems manufactured today range from 13 to 24-SEER. Air conditioners rated closer to 24-SEER can cost half as much to run as those with the minimum
JULY | AUGUST 2014 Peter Pan Arizona Broadway Theatre | July 11-August 17 623.776.8400 | AZBroadway.org “Second star to the right, and straight on till morning!” Known by many from the 1953 Disney movie, Peter Pan tells the story of the mischievous boy who can fly, who never ages, and who spends his never-ending childhood adventuring on the enchanting isles of Neverland as the undisputed leader of the Lost Boys. This summer, audiences are invited to sprinkle a little pixie dust and join Peter, Wendy, Michael, John and Tinker Bell on a magical adventure as they battle alligators and the notorious Captain Hook in Arizona Broadway Theatre’s high-flying and fanciful spectacle! Kierland Commons Summer Concert Kierland Commons | July 19 480.348.1577 | KierlandCommons.com Enjoy this complimentary concert in Center Plaza from 7-9 p.m. Chuck E. Baby will be playing classic rock favorites. Chuck E. Baby and the All-stars were voted as “Top 10 Finalist | Best Of” in the local band category for AZ Central Best 2013 Reader’s Choice Awards for the 5th consecutive year. Dr. John Talking Stick Resort | August 8 480.850.7734 | TalkingStickResort.com Dr. John is an ambassador to all things New Orleans. The man known as the Night Tripper will bring his life-honed sound to the Showroom at Talking Stick Resort. Known for songs like “Right Place Wrong Time” and “Down in New Orleans,” Dr. John’s musical footprint has spanned over five decades. He has won six Grammy Awards and was inducted into the Rock and Roll Hall of Fame by singer John Legend in March 2011.
COOLING EFFICIENTLY During the summer months it might be time to take a hard look at your cooling system and determine if you could save significant money by upgrading or replacing it. Heating and cooling is the biggest energy user in most homes, accounting for more than 40 percent of a home’s energy bills. A good first step is to have an energy assessment done on your home by an energy efficiency professional. The assessment can range from a simple walk-through up to a comprehensive audit that includes blower-door tests that pressurize the house so energy leaks can be detected and duct-blaster tests to test for integrity of the duct system. When looking for an auditor, look for someone with a Home Energy Rating System (HERS) rating. Your local utility company may subsidize the cost of the audit. Once you make your home more energy efficient with well-sealed ductwork and adequate insulation, a properly programmed thermostat is another way to save money on heating and cooling costs. Programmable thermostats let
Event Calendar
Anthem Sprint Triathlon Anthem Community Center | August 23 623.330.0913 | 4PeaksRacing.com This reverse order sprint triathlon will kick-off your fall season with a bang! The Anthem Sprint Triathlon, hosted in conjunction with Team Anthem Multisport Club, is held in a great location and on a fantastic course. Consisting of a 5km run, a fast 20km bike course and a 400m swim to the finish, The Anthem Sprint Triathlon is a great way to start your fall racing season. limit. Look for models with the Energy Star rating because those models are about 10 to 15 percent more efficient than standard models. Seek a qualified HVAC professional to do a load calculation to properly size your system. Your HVAC system is a big investment. By doing a little research and considering these factors, your wallet will thank you in the long run.
Ghost Towns of Arizona: Photography of Kurt Wenner Pueblo Grande Museum | through August 30 602.495.0901 | Phoenix.gov This exhibit features over 40 photographs of Arizona ghost towns, taken by Kurt Wenner between 1996 and 2006. Though many of the places and structures in the images no longer survive, this exhibit strives to tell the story that not all history is written by people who live in big cities. People find old, abandoned places fascinating, and certainly full of questions. Why was this town built? Who lived here? Why did they leave?
Luxury Urban & Resort
July | August 2014
LUXURY URBAN CONDO SNAPSHOT
Luxury Urban & Resort Specialists Keith Mishkin and Phil Tibi have collectively sold over $1 Billion of Luxury and Resort residential properties. Proven and Successful Marketing Strategies Contact Keith or Phil directly for pocket listings and properties that have not yet hit the market!
2211 Camelback
The Mark
Scottsdale Waterfront
Esplanade
Crystal Point
Optima Biltmore
Bridgeview
Valley Ho
Landmark Kierland
Considering Selling, Moving up, Downsizing, or Investing? Contact us today for a private consultation and experience true customer satisfaction.
CALL OR EMAIL TO RECEIVE OUR DETAILED MONTHLY LUXURY URBAN & RESORT STATISTICS REPORT. The remnant distressed properties are now gone; prices have fully stabilized and are rising. Currently we have approximately $93 million of Luxury Urban & Resort inventory available for sale.
Luxury Condo and Resort Home Stats Mid-Year Report: In comparing the first half of 2013 to 2014, we see a volume decrease of $14MM from $103MM over 200 transactions sold in the first half of 2013 compared to $89MM and 176 transactions year to date. Average price per square foot in 2013 was $285/Sf with the priciest condo or resort home selling at $3.6MM, while 2014 still averaged a higher per square foot of approx. $291/Sf. The priciest luxury condo/resort home transaction year to date is $2.45MM. The average days on market were similar within both periods. Although fewer number of transactions in 2014, we certainly see a healthier market with nearly zero distressed transactions in the luxury condo market. Inventory is at the lowest level in several years. Prices have completely stabilized and I expect to see prices continue to rise between five and seven percent over the next 12 months. Our clients who have purchased throughout these two years are certainly enjoying this more stable market and the appreciation. The short period of being able to purchase below replacement costs are almost gone! Several new communities are being announced and our current communities including Pinnacle Pointe across from the Four Seasons already sold 36 of the 84 homes since public report in November showing strong buyer demand. Please let us know if you would like to join our interest list for our new urban communities opening later this year in Tempe and North Central. Please feel free to call us for your private consultation whether you’re in the market to Sell, Lease, or even creatively finance your overall real estate objective.
WWW.CAMBRIDGEPROPERTIES.COM
PHIL TIBI
ASSOCIATE BROKER GRI, CRS, CIPS, E-PRO
602-788-6359 O 602-692-0780 C Phil@CambridgeProperties.com If your home is currently listed, this is not a solicitation for that listing.
KEITH MISHKIN BROKER, CRS
602-788-1700 O 602-469-6600 C Keith@CambridgeProperties.com
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
Wheels Up! Leaving on a Jet Plane
Be Cool and Save Money
Reduce Your Air Conditioning Costs
The Handlebar’s Quick & Delicious Quinoa Summer Salad
Luxury Urban & Resort Properties
Exclusively Represented by Cambridge Properties