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Should I Stay or Should I Go? M A R C H 2 022

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March 2022 PUBLISHER

Bianca Peigler | bianca.peigler@citylifestyle.com AD DESIGNER

Mary Albers

LIFESTYLE LETTER

The Most Important Place... Home! In a world that can be unkind, let the home be a space where we build each other up. Take time to enjoy all the small moments with family rather than getting caught up in busyness. Although we usually aren’t perfect at accomplishing these things, striving for them every day is worthwhile. March is our Home and Design issue. Creating a home that you want to spend all of your time in isn’t easy. But, the memories made within the walls of our home are what last, regardless if our house has the latest trends or if it hasn’t been updated in years. A lot is happening in our local housing market, and with the state of the world, the home will continue to be a place we concentrate on creating functionality and comfort. In our Home issue, experts help us understand the market with their insights, and we gain some inspiration on trends in design for this year. From our home to yours, we wish you love, peace and happiness.

LAYOUT DESIGNER

Zane Smith CONTR IBUTING WR ITER S

Melody Norris CONTR IBUTING PHOTOGR APHER S

Jeff Hertz

Corporate Team CHIEF EXECUTIVE OFFICER Steven Schowengerdt CHIEF SALES OFFICER Matthew Perry CHIEF FINANCIAL OFFICER DeLand Shore CHIEF OPERATING OFFICER Randy Radosevich

BIANCA PEIGLER, PUBLISHER @ALBUQUERQUE _CIT YLIFEST YLE

DIRECTOR OF SOCIAL MEDIA Mindy Hargesheimer ART DIRECTOR Sara Minor OPERATIONS DIRECTOR Janeane Thompson AD MANAGER Chad Jensen WEB APPLICATIONS Michael O’Connell

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Proverbs 3:5-6 Albuquerque City Lifestyle™ is published monthly by Lifestyle Publications LLC. It is distributed via the US Postal Service to some of the Albuquerque area’s most affluent neighborhoods. Articles and advertisements do not necessarily reflect Lifestyle Publications’ opinions. No portion of this magazine may be reproduced in any form without written consent. Lifestyle Publications does not assume responsibility for statements made by advertisers or editorial contributors. Information in Albuquerque City Lifestyle™ is gathered from sources considered

L I F E ST Y LE LE T T E R

to be reliable, but the accuracy of all information cannot be guaranteed.

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inside the issue The Home Issue

F E ATU R E D

D E PA RTM E NTS

20 Should I Stay or Should I Go?

Lifestyle Letter

City Scene

Business Monthly

Local Experiences

Trend Setter

Expert Help

HO ME + DES I GN

Inspired By

HO ME + DES I GN

Hosting Tips

Events

Options for the current housing market

26 Love It, or List It? Things to consider

30 Experiences Guests are Craving This Year! Short-term Rental Trends for 2022

HO ME + DES I GN PR O FES S I O NA L S E RV IC E S

LI FE + C U LT U R E

MAR CH 2 0 2 2 | C I TYL I FE STYL E . C OM/A L BUQ UE R Q UE

MARCH 2022

city scene

Where neighbors can see and be seen.

The Albuquerque Artwalk has become a significant monthly event that brings our community together and supports our local artists, vendors and businesses.

Want to be seen in the magazine? Tag your Instagram photos with @citylifestyle_albuquerque

DELIVERING DREAMS Why right now is a great time to SELL” 1. Demand is strong (2021 saw the largest number of sales in 15 years) 2. Inventory is low (lowest since December 1999) 3. Buyers know they need to be negotiable making contingencies more favorable for Sellers

If you are ready to move, I can guide you!

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MARCH 2022

business monthly A round-up of exciting news from local businesses.

New Rio Grande Credit Union location opening this Spring.

Challenge Island - Albuquerque North funded for After School Programs

Construction has officially begun at what will be Rio Grande Credit Union’s newest branch location at 4700 Montgomery Blvd. NE. The new full-service 5,000 square foot branch will be located on the bottom floor of the three-story building. The branch will feature Interactive Teller Machines at each drive-thru lane as opposed to the traditional in-ground tubing system. The location will also offer a variety of safe deposit boxes.

Congratulations! With generous funding from Sandia National Laboratories, Challenge Island - Albuquerque North is now offering after-school programming once per week at Mesa Verde Community Center, Dennis Chavez Community Center, and Alamosa Community Center. If you are interested in bringing Challenge Island STEAM programming to your school, library, or homeschool group, including an 8-week program that includes our brand new book, The Bridge to Sharktooth Island, please contact Jamie at jtrujillo@challenge-island.com.

Private Whiskey Tasting Anyone? Looking for an exclusive, unique and fun experience with everyone's favorite brown spirit? Daniel from the Albuquerque Whiskey Society has you covered. He will build a private whiskey tasting explicitly tailored for your event. This laid-back, interactive lecture is the perfect experience for connecting with your clients, team, or select group of friends. Contact Daniel at abqwhiskeysociety.com.

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Get in touch by heading over to our landing page to connect: CityLifestyle.com/Albuquerque

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MARCH 2022

local experiences The best places and things to do in our area.

Looking to spruce up your home with new décor for your 2022 look? Local home decorating expert, Melody Norris, shared some of her favorite places to find treasures to complement any style.

Home Decor & Design INDOOR FLEA MAR KET: They have a huge selection of items that are unique and chock full of character! Set aside enough time to find that perfect treasure. 11109 Central Ave NE LOS R ANCHOS ANTIQUE MALL: Shop the lovely Los Ranchos Antique Mall for Retro, Farmhouse, Southwestern, Rustic, and many more design styles. 7901 4th St NW ANTEEKS : This is a stop you don't want to miss. Pop in to browse for lovely antique furniture pieces to complete any look. 8908 Menaul Blvd NE THE ANTIQUE SPECIALTY MALL: Still searching for that "just right" piece of furniture or decor? The Antique Specialty Mall may just have the item you can't live without. 4516 Central Ave SE AT HOME: At Home, has everything! If you are looking for more on-trend and up-to-date furnishings to complete your look, they have you covered! 11150 Lomas Blvd NE

Scan for more photos and the full list.

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LOCA L E X P E R IE N C E S

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Call my cell: 505.715.8370 Arizona - Prescott AZ 143627. The information provided here is for educational purposes. When interest rates and loan program information are included. It is for illustration purposes only and not a solicitation or quote for services. This is not an advertisement or Loan estimate. Current interest rates loan programs and qualification criteria can change at any time. If you have any questions or need assistance we can be reached using the contact information above.

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I N - H O M E

U LT I M AT E I N-HOM E LU X E 14

T R E N D SE T T E R | HOM E + DE S I GN

THE ULTIMATE LIST OF HOME FEATURES THAT OOZE LUXURY

As we navigate the "new normal," creating in-home experiences will continue trending in 2022. Pandemic shutdowns and shelter in place orders kept us from our favorite places and routines. As a result, we gravitated to fixing and updating our homes in ways that allowed us to reclaim some of those favorite pleasures. Here are some of the top trends in home design and renovation that bring luxury into our homes. Smart home automation allows you to tap into hightech functionality and luxury that wasn't possible in the past. As technology development continues to expand, so will the possibilities for consumer home automation to make life easier and more enjoyable. Home theatres create the ultimate movie-watching experience with wireless surround sound speakers, stereo, and massive screens. However, room lighting definitely affects the TV and video projector viewing experience, so converting basements is a popular choice. Massive shutdowns during the pandemic had many of us craving fitness. As a result, we became obsessed with trying to create functional spaces like home gyms, spas, and other wellness spaces. Also, an uptick of interest in features like pools, hot tubs, and infrared saunas are unlikely to slow. Some 2022 trend reports predict that homeowners will ditch their desks and double monitors in favor of a ping-pong table or pool tables. However, the trend isn’t limited to games. Hobbies of all kinds will be getting their own dedicated spaces, from sewing and crafting rooms to paint studios. Not everyone has space for a rec room, so finding a balance between fun and functionality can be tricky, but worth it. Home upgrades are of utmost importance since many stay closer to home these days. Unfortunately, the pandemic made us miss out on our favorite restaurants and

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T R E N D SE T T E R | HOM E + DE S I GN

L U X E

bars. Upgrades in homes include full chef kitchens with the latest high-end appliances, cookware, gadgets, wine cellars, full cocktail bars, etc. Outdoor spaces are now a must. A sleek pool with a hot tub and a dedicated fire pit are popular projects for homeowners who want more out of their backyard spaces. Pizza ovens and outdoor kitchens are top wish lists also. In addition, according to experts, outdoor decks, pergolas, gazebos, canopies, and pavilions are all highly searched desired. Another pandemic trend that is here to stay is garden spaces. Whether we had successful or unsuccessful, gardens made people feel like they had some control over the chaos. We didn't realize how meditative and good digging in the dirt felt. It may not sound like a luxury item but tell that to someone living in a crowded city with window or balcony space only. Spa-retreat bathrooms are one of the most significant upgrades to homes with showers with fancy fixtures and steam options. In addition, heated floors, plush towels and robes, soft lighting, and music are all features that cannot be ignored in creating in-home luxury. People are getting out again as we adjust to “the new norm”, but home gatherings are here to stay. We have grown to love our homes again and realize we can create spaces that work for a number of activities. We encourage you to create a list of your favorite activities and see how you can make space to enjoy them in your home.

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T R E N D SE T T E R | HOM E + DE S I GN

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MAR CH 2 0 2 2 | C I TYL I FE STYL E . C OM/A L BUQ UE R Q UE

Should I Stay or Should I Go?

Options for the current housing market

SHOULD I SELL MY HOME? Many reasons for selling your home now for top dollar make sense. You can even negotiate a leaseback when selling your house, which will allow you to remain in your home for a designated length of time once it sells. Leasebacks are particularly useful if you do not have another residence lined up.

EXP E RT H E LP | PR OFESS I ONAL S E RVI CE S

Take Advantage of Buyer Demand Many people are moving to Albuquerque with various budgets, which has led to the historically low inventory of homes across the board. In addition, interest rates are slightly increasing, and home buying will likely slow. It may be months before we see an increase in homes available but now is still a prime time to maximize if selling.

Future Relocation

Upsize or Downsize

Equity

Do you need to relocate in the near future? If so, this might be an opportunity to save some money and declutter! Unfortunately, the cost of moving has increased tremendously. Consider selling your nonessential and nonsentimental belongings like furniture, and start with a fresh look in your new home.

Is your family growing, and would you like to have more room? Without adequate space, clutter tends to become a significant cause of anxiety for many. On the other hand, perhaps your kids have grown, and now you have excess space? Upkeep and cleaning can become a burden and indicates that your space longer suites you.

Now is the time if your home has appreciated significantly and you want to cash out on the equity. Use your equity for something of value instead of frivolous spending, like going on a vacation. Connect with your financial advisor and learn how to continue to improve your financial stability and security.

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Planning SHOULD I RENOVATE MY HOME? Homeowners are considering remodeling instead of moving or building a new home. From their experience during the pandemic, families have realized they need more defined areas, like spaces for remote working or learning. In addition, people are craving more creature comforts in their homes, and remodeling can address both trends.

EXP E RT H E LP | PR OFESS I ONAL S E RVI CE S

With shortages in supplies and the labor force, it is a good idea to research what renovations will add to your home’s value, especially if you plan to sell in a year or two. Before starting any project, it is good to have all supplies on hand. Otherwise, you may run into severe issues that extend your timeline and create stress.

Renovate to Your Standard Living During Renovations Experts agree, renovate to the standard you desire. Identify what details will make you happy, but do not get sucked into minute details that you'll hardly notice a year from now. Not sure if a feature you want is overkill? Ask a friend's opinion about how essential the feature is and how much they believe it will add to your happiness.

Are you going to live in your home while you renovate, or is a temporary move a better option? Living in your home is less of a financial burden, but can you survive the mess, compromise the use of spaces as they are being updated, and will noise and disruptions be problematic for remote officing or learning?

What Renovations? Not all renovations will add value to your home. However, top projects that bring value are renovations of kitchens, bathrooms, fireplaces, improving floor plans, adding heated square footage, creating outdoor living spaces, and incorporating smart-home technology. Upgrading appliances should also be a priority.

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Goals & Condition of Your Home SHOULD I KEEP MY PROPERTY AND RENT IT? Are you one of the many homeowners in Albuquerque moving out of their home and thinking of turning it into a rental property? We asked the experts to highlight some considerations that may help you make this decision.

EXP E RT H E LP | PR OFESS I ONAL S E RVI CE S

What are your goals for the property? Do you want to move back into it someday? Gift it as an inheritance? Create cash flow while it appreciates? Cash-out and receive the equity? Does it have sentimental value? If so, are you comfortable with tenants? Does your property need extensive repairs? If so, maybe selling is best for you. On the other hand, do you have enough cash flow if you decide to rent your property to pay for maintenance when it arises?

Location and home features

Cash Flow and Taxes

Landlord Responsibilities

Is your home in a desirable location with low crime and access to good schools? Does your home have amenities desired by renters like a garage, air-conditioning, washer/dryer, and outdoor space? What size is your home? There is a sweet spot for a desirable rental. Too few bedrooms and bathrooms are not ideal, which is also true for too many rooms.

Will the rent you collect offset your mortgage (if you have one), property taxes, maintenance costs, and a property management fee while you continue to build equity? Of course, you will want to speak with a tax expert to understand how owning an investment property will impact your taxes.

Finally, do you want to be a landlord and fully understand the responsibilities? Do you have reliable companies to address maintenance issues when necessary? Should you use a property management company? What services does a property management company provide? Reputable property management companies will help you evaluate these factors to help you decide whether your property is a good option as a rental. Contact Alicia with Real Property Management Expertise for an assessment of your property. alicia_sanchez@ realpropertymgt.com

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Love It, or List It? ARTICLE BY RIO GRANDE CREDIT UNION EXPERTS

Things to consider.

EXP E RT H E LP | HOM E + DE S I GN

So you've binge-watched the popular home improvement shows on television where homeowners grapple with whether a homeowner should move or improve their existing home. It's a decision that is typically unavoidable as your home ages and as family circumstances change. While we may not be able to get you on T.V., we can offer some helpful pointers. Whether your family has grown, your home no longer fits your lifestyle, or whatever the case may be, here are some things to consider to arrive at the right decision for you and your family.

THE CURRENT REAL ESTATE MARKET While it appears to be a seller's market with premium profits right now, don't forget you'll also need to find a new place to live. According to Realtor.com, the current supply of homes on the market is at an all-time low, and mortgage rates are still at record lows. In addition, many millennials are entering their peak homebuying years, and more people are moving into the state. This extreme demand exceeding supply has driven prices like we've never seen. Furthermore, FOMO (the fear of missing out) could motivate potential home buyers to enter the market quickly with recent buzz about rising mortgage rates. The Federal Reserve has signaled an end to ultra-low rates, which observers expect to start climbing as soon as March. While rates will still be at historic lows, they will be well above what buyers have grown accustomed to in recent years. Combined, all factors could spark a buying spree during the spring season, further limiting inventory, increasing bidding wars, etc. Clearly, it is a seller's market.

EMOTIONAL TIES A home is so much more than just a roof, four walls and the stuff inside. It may be the first home you and your spouse owned together or where you watched your children take their first steps. We undeniably develop an emotional attachment to our homes, so this decision shouldn't be taken lightly. Besides your home, how connected are you to your neighborhood? Do you have a good relationship with your neighbors? Can you rely on them in case of an emergency or watch your home while away? Remember, you can change your home, but you can't change your neighbors or the neighborhood.

THE PRICE TAG There's no doubt about it – remodeling is expensive. But then again, so is moving. But just how expensive is expensive in these two cases? Let's take a look:

RENOVATION COSTS According to Home Advisor, U.S. home renovation costs range between $18,372 – $77,016, with an average of $46,788. However, not all renovations will add value to your home, so carefully research renovations and get multiple quotes and bids before starting. Sometimes you just need a fresh start and upgrading your home simply will not cut it. If this is the case, moving to a new home could be exactly what you and your family need! However, several costs go along with selling a home that you need to consider.

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“Experts can help you tease out the pros and cons and help you decide whether you should put some love into your home and remodel, or list it and move on.”

MOVING COSTS Typically, 15% of a home's sale price will go towards the sale process. Several potential fees go along with selling your home and may include but are not limited to: • Agent commission, 6% of the sale price. • Home preparations and minor repairs $500-$5,000. • Potential Major Repairs, $20,000 - $50,000. Some homes may not need this, but many older homes require significant work to meet housing and safety codes before being sold. • Title Insurance, $2,000 - $4,000.

THE COST OF BUYING: • Remodeling expenses for home buyers cost on average $8,000. • Closing costs vary between 3%-6% of the mortgage.

EXP E RT H E LP | HOM E + DE S I GN

• Home appraisals and title insurance range from $500 - $2,000. • Holding two overlapping mortgages can cost around $0 - $3,000, depending on how long the overlap lasts. The decision to move or improve can be challenging for a family. Talk with experts, like Rio Grande Credit Union, about pre-qualifying for a mortgage to know how much house you can afford, and alert buyers that you are serious should you choose to move. Or use the equity in your home to pay for the renovations you need. Experts can help you tease out the pros and cons and help you decide whether you should put some love into your home and remodel, or list it and move on. Schedule some time with an expert at Rio Grande Credit Union, call at 505.262.1401, or visit us online at RioGrandeCU.org.

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MAR CH 2 0 2 2 | C I TYL I FE STYL E . C OM/A L BUQ UE R Q UE

EXPERIENCES

Guests ARE

Craving

THIS YEAR!

ARTICLE BY MELODY NORRIS

Short-term Rental Trends for 2022

Have you decided to lend your home as a short-term rental option? The most successful listings create an experience and often include elements of local flavors and culture in every property. Sticking to a theme will help you rack up positive responses and ensure your property is booked year-round. Also, keep up-to-date information on local events handy for guests to partake in our unique culture! Here are three trends for 2022 short-term rentals.

I NSP IR E D BY | HOM E + DE S I GN

BOHO SOUTHWEST: Albuquerque is a mecca of rich cultural heritage, making it ideal to use cultural elements for a unique experience. Southwestern architecture provides the foundation but is not necessary. Simply blend distinctive Southwestern elements with modern furnishings to create this vibe. Provide your favorite local salsa and chips to spice up their experience. Include information on cultural sites and events so guests have options to immerse themselves in the Land of Enchantment!

HYGGE:

COZY MINIMALISTIC:

Prompt a cozy revolution in your guests' fast-paced world. Many are craving simplicity and a return to a quiet, more centered time. Create an experience that focuses on comfortable intimacy. Use low lighting, wonderful chunky textures, and muted colors. Bring the outdoors in using wood accents, rattan baskets, and natural fibers. Guests who gravitate to this experience likely crave the outdoors, so be sure to provide information on hiking trails and our beautiful Bosque!

A bright and clean space allows guests to calm their minds and just breathe. White walls provide the foundation. Use furnishings with smooth, clean lines. Bring in accents made from natural materials and plants to give it a warm and lively feel. Sparingly add art and color to décor, but edit carefully to maintain a quiet, decluttered space. This is the perfect space to include a very unusual décor piece for interest. Have herbal teas on hand to envoke comfort and provide info on local yoga studios to maintain the Zen experience.

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Daphne Oz: Beautiful Evenings at Home Emmy-winning TV Host & NY Times Bestselling Author Shares her Dinner Hosting Favorites

New York Times bestselling author Daphne Oz talks about her newest book, “Eat Your Heart Out: All-Fun, No-Fuss Food to Celebrate Eating Clean,” which launches in April. We sat down with Daphne Oz to learn more about her journey to home entertainment.

CITY LIFESTYLE: SHARE WITH US YOUR BACKGROUND AND THE INFLUENCE IT HAD ON YOUR JOURNEY TO WHERE YOU ARE TODAY. DAPHNE OZ: I was born in Philly, raised in New Jersey, and now

my husband and our four kids and I live in Florida. I spend a few days each week working in NYC taping our new syndicated talk show, The Good Dish, covering everything delicious in daytime.

CL: WHAT ARE YOUR TIPS FOR HOSTING A MEMORABLE DINNER PARTY AT HOME? DO: When I entertain, my general approach is: Abundant

Simplicity. Appetizers are generous piles of a few different things – olives, hunks of parmesan, spiced nuts, torn bread with herby oil to dunk in, sliced Persian cucumbers with a pool of labne or Greek yogurt, olive oil, and flaky salt for dipping. I look for recipes that are simple or that I’ve made 100 times before that are always crowd pleasers and leave me plenty of time to enjoy my company. The whole point of a beautiful evening together is to make sure you, the host, are relaxed and comfortable, because your guests will take their cue from you.

H OST IN G T IP S | L IFE + CULTURE

CL: WHAT INSPIRED YOUR NEWEST COOKBOOK AND WHAT CAN WE GET EXCITED ABOUT? DO: In “Eat Your Heart Out: All-Fun, No-Fuss

Food To Celebrate Eating Clean” I share the techniques I’ve used to get my mind, energy and body back on track after each pregnancy or anytime I’ve needed to reboot good habits. It is a collection of 150 recipes free from gluten and refined sugar that have consistently helped me lose weight without ever disappointing my demanding tastebuds—or making healthy eating feel like a job I don’t need or want.

For foolproof recipes and entertaining tips for your next dinner party, scan the QR code below.

Photography Kensey Taylor MAR CH 2 0 2 2 | C I TYL I FE STYL E . C OM/A L BUQ UE R Q UE

MARCH 2022

events A curated selection of the most intriguing upcoming events in our area.

MAR CH 2ND - MAY 1ST

Beyond Van Gogh - An Immersive Experience

I MME R S I V E PAV I L I O N AT SAWMI L L DI ST R I C T Through the use of cutting-edge projection technology and an original score, Beyond Van Gogh breathes new life into over 300 of Van Gogh’s artworks. For more info and tickets, visit vangoghalbuquerque.com .

MAR CH 3 R D

OVO - Cirque

R I O R A NC H O E V E NTS C E N T E R OVO is teeming with life. Insects work, play, fight and look for love in a nonstop riot of energy in motion. Their home is filled with biodiversity, beauty, action and moments of quiet emotion. The awestruck insects are intensely curious when a mysterious egg appears, representing the enigma and cycles of their lives. For tickets and to preview, visit cirquedusoleil.com.

MAR CH 16TH

The Underwater Bubble Show

K I VA AUDI TO R I UM | 7 :0 0 P M Explore the wondrous underwater world of Bubblelandia as you go on an imaginary journey through the deep blue sea and explore a world inhabited by incredible creatures. This lavish production features dancers, acrobats, original music and fantastic bubble effects to create a dreamlike underwater atmosphere. For info, visit underwaterbubbleshow.com.

EVE N TS

WE UNDERSTAND.

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May Lose Value MAP3494744 | MLWM-244-AD | 470948PM-0421 | 04/2021