Coastal homes in Los Cabos, Mexico, continue to attract our attention, as authorities report increasing numbers of visitors each year. The Mexico Tourism Board reported that the country hosted 39.3 million international tourists in 2017, an increase of 12 percent versus the year before and one of the fastest rates of growth of any large destination in the world. Traffic to the Los Cabos airport was up 15.7 percent in 2017 over 2016, including a 17.7 percent jump in U.S. visitors.
Only a three-hour flight from Dallas/Fort Worth International Airport, Los Cabos is a natural second home choice for North Texans. Among the residential choices in Los Cabos is the gated golf and beach community of Querencia, We’re taking a look at a spectacular home there built for indoor/outdoor entertaining with amazing views. (more…)
Sometimes, when doing research for another story, you go down a rabbit hole at 3 a.m. and find another listing that sends you down another rabbit hole of WTF in Utah and then suddenly it’s 5 a.m. and your caffeine consumption for the next day puts your heart rate somewhere around hummingbird wings and over-sugared toddlers.
This week’s Wednesday WTF is one of those situations. You see, I’ve found you a whole damned town.
Mauritius 2/2, 1,646-square-foot condo for $593,000.
If you’re just joining us, in part one I explored the thought process second home buyers should go through before making a purchase. Essentially, location matters for multiple reasons, and along with condition of the property, will drive what you can charge for rent. Here in part two, I’ll fill you in on what it takes to be a landlord.
Being a Landlord
I’d never been a landlord before, and back in the pre-internet days, I used a Realtor to rent my property (the same one who sold it to me). What I found was that a Realtor with 30 rental properties can’t really play favorites. After a first year where I was rented for four months, I ditched the Realtor and took over bookings myself.
It’s a whole lot easier today. Back then, I arranged for pictures, placed the classified ads in the local newspaper and waited for the phone to ring. TIP: Having a cell phone number with the same area code as the property made a difference.
One thing many one-home homeowners have in common is a desire to have another one. I think it’s like the “how hard could one more be” ethos of parents. I don’t have kids, but I have owned a second home for nearly 20 years and there are things to consider and stories to tell.
Picking the right property is the first stop. If you think location, location, location matters in a primary home, it goes double for a second home. Why? Because most of us will need to put that home to work generating income when we’re not enjoying its charms. A few bucks profit at sale time wouldn’t go amiss either. Because of this, finding a location that works both for your personal desires but also your financial goals of revenue generation and asset appreciation.
Our Splurge: 1521 2nd Ave Apt 2504 Seattle, WA is currently listed by Sandy Justenof Realogics Sotheby’s International Realty for $2,875,000. Photo Credit: Realtor.com
Sometimes you just need to get away, and what better place than Seattle? This popular seaport city on the west coast promises an abundance of natural beauty with spectacular waterfront homes, an active outdoorsy lifestyle, and a reputation as the coffee capitol of the world. If mountains, evergreen forests, and a good ol’ cup of joe is your thing, then this week’s Splurge vs. Steal is for you! It’s the battle of the waterfront condos, each with two-bedrooms and two-bathrooms, but with price points that are miles apart.
When Robert Lee Warren built his Colonial Revival-Prairie School style mansion in 1897, Terrell, Texas, was about 24 years old, having taken root like so many towns in Texas did — along a railroad line.
Although settlers first arrived in the area in the 1840s, it was the Texas and Pacific Railway’s march across North Texas that attracted interest in the town. C. C. Nash and John G. Moore bought the tracts and planned the town that would flourish during the heyday of rail travel, and Warren would come a couple dozen years later to build his mansion, complete with a special room in the master suite that allowed him to watch his farm wake up every morning, right after he woke up.(more…)
3730 S Highway 95, Coeur d’Alene, ID, is currently listed by Randy and Christy Oetken of The Oetken Group at Windermere/Coeur d’Alene Realty for $1.2 million.
Known for water sports, mountains, and pristine National Forest, Coeur d’Alene, Idaho, attracts people from all over the world to experience the dozens of lakes left behind by glaciers from the Ice Age. Striking mountain vistas, grassy lawns, meandering trails, and lakeside parks and recreation abound. Although there are a wide variety of million-dollar properties to consider for your second home away from home, we found one in particular that is the essence of Coeur d’Alene lakefront living – a log home right on Cougar Bay! There are so many details to love, we felt it deserved its own post. Take a look and see for yourself.
Luxury meets lake house at “El Regalo” a posh new Spanish-style listing. Meaning “the gift,” the home sits on a tranquil waterfront East Texas real estate, but has all the amenities you’d expect to find in a high-end, big-city dwelling. El Regalo is situated on Lake Fork, one of the premier trophy bass destinations in the country. The 5,124-square-foot, four-bedroom, three-full-and-two-half-bath home stands on a 0.64-acre lot in a heavily-treed gated community in Yantis, Texas.