ahwatukee custom estates lifestyle

Valley Real EstateWhat Does 2013 Have in Store?

Signature Cuisine from a Venerable Valley FavoriteLON’s at The Hermosa’s Pork Tenderloin

Ahwatukee Custom EstatesReal Estate Report

Ideas to Freshen Up Your Interior Design

If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

January | February 2013

Ahwatukee Custom Estates

Source: ARMLS. All information is deemed reliable but not guaranteed. Properties on this list have been listed/sold by various participants in the MLS.

Your trusted advisors, the Lykins Team, has unsurpassed experience in real estate, marketing and finance. This experience is unique and extremely uncommon in the Phoenix area. We provide fact based market analysis, so you can make an informed decision in this dynamic market. Our experience in specialized marketing and skilled negotiating is the best way to maximize the value of your home and minimize its time on the market. Please call us or visit our website for more information.

REAL ESTATE ACTIVITY IN

currently for saleADDRESS SQ. FT. / BED / BATH LIST PRICE LIST PRICE PER SQ. FT.

12008 S Warpaint Dr 3,518 / 4 / 3.5 $599,000 $170.27

3621 E Shomi St 3,609 / 4 / 4 $639,000 $177.06

11645 S Warpaint Dr 3,971 / 4 / 5 $659,000 $165.95

3621 E Coconino Pl 4,211 / 5 / 5 $799,000 $189.74

11627 S Warpaint Dr 4,579 / 5 / 4.5 $829,000 $181.04

12009 S Equestrian Trl 3,361 / 3 / 2.5 $895,000 $266.29

3424 E Sequoia Trl 6,100 / 5 / 4.5 $1,195,000 $195.90

3343 E Kachina Dr 4,626 / 6 / 4 $1,425,000 $308.04

3325 E Kachina Dr 6,566 / 7 / 7.5 $1,895,000 $288.61

12022 S Tuzigoot Dr 6,764 / 6 / 6.5 $1,899,000 $280.75

3206 E Tere St 6,093 / 7 / 5.5 $1,995,000 $327.42

12431 S 36th St 9,000 / 6 / 8 $2,395,000 $266.11

sale pendingADDRESS SQ. FT. / BED / BATH LIST PRICE LIST PRICE PER SQ. FT.

3625 E Nambe Ct 2,583 / 4 / 2.5 $365,000 $141.31

3610 E Kachina Dr 7,400 / 7 / 7.5 $2,299,000 $310.68

ADDRESS SQ. FT. / LIST SOLD LIST/SOLD PRICE CLOSE OF BED / BATH PRICE PRICE PER SQ. FT. ESCROW

3740 E Equestrian Trl 1,984 / 3 / 2 $425,000 $400,000 $214.21/$201.61 10/10/12

3605 E Hialea Ct 2,866 / 4 / 3 $470,000 $470,000 $163.99/$163.99 08/17/12

13626 S 34th St 3,857 / 5 / 3.5 $477,000 $477,000 $123.67/$123.67 08/31/12

3429 E Keresan Dr 4,423 / 4 / 4.5 $649,900 $648,000 $146.94/$146.51 10/18/12

12634 S 34th St 3,904 / 4 / 4 $739,900 $700,000 $189.52/$179.30 09/26/12

12676 S Honah Lee Ct 4,420 / 5 / 4.5 $725,000 $725,000 $164.03/$164.03 11/26/12

13238 S 34th Ct 4,200 / 4 / 3.5 $795,000 $756,250 $189.29/$180.06 09/06/12

3317 E Tonto Dr 5,210 / 5 / 5 $899,000 $840,000 $172.55/$161.23 10/04/12

3331 E Kachina Dr 5,490 / 5 / 4.5 $999,999 $990,000 $182.15/$180.33 07/12/12

Lykins & LykinsWE’RE OPENING DOORS FOR NEW OPPORTUNITIES

stacey [email protected] • 602.616.9971

will [email protected] • 602.620.6164

480.783.9281 (fax)

www.LykinsProperties.com

Ross Murray • Branch [email protected] #80919 / AZ LO #0913746

637 South 48th Street, Suite 4, Tempe, Arizona 85281 / NMLS #1251

Makingahomeunique,special,andpersonallyintuitivearechallengeseveryhomeownerencounterswhetherthehomeis1,500squarefeetor15,000squarefeet.Often,ahomeneedsjustatouchofglamour,orspecialvisualinterests,totakeitfrom“nice”to“knock-out!” Nomatterthesizeofthehomeorspace,therewillalwaysbecommonissuestocontendwith.Forexample,howtobringinteresttothatspace?Whatwillmakeahomeorspacestandapartfromanotherone?Howshouldlargespacesbefashionedtofeelmoreintimate?Howcansmallerspacesfeellarger? Designingahomeorspaceproperlycanalsobequiteaninvestment.Ifandwhenahomeownerdecidestoselltheproperty,thehomeshouldstandalonefromtheotherchoicesonthemarket.Creatingfascinatingandcompellingdetailsisoptimum,inthatthoseremarkableelementsandappealingdesignchoiceshopefullywillremaininthememoriesofthosewhoareviewingyourhome. Inmanyinstances,atouchofdramaisagreatwaytocreateinterestingspaces.Thetrickthough,istounderstandexactlywhatthatmeansandhowtoachieveit.Forlargerspaces,thereisusuallyabitofastrongerchallenge,butproperlydesigningthespacewillcertainlyincludefocusingonatleastoneareaintheroomtoaddthattouchofdrama.Fireplaces,interestingart,importantpiecesoffurniture,beautifulviewsandconversationareaswillhelpdeterminethosefocalpoints. Theoppositewillbetruewhendesigningsmallerspaces.Inthiscasethechallengeisusuallytomakethespacefeellarger.Thebestwaytoachievethismaybetosimplify.Forasmallerspace,thismaybeachievedbydeterminingafocalpointintheroomandaddressingitwithsomethingthatwilldemandattentionwhensomeoneentersthespace. Whenincorporatingsomedrama,youmighttakeacuefromcurrentdesigntrends.Forcolor,the“newneutral”isdefinitelygray-notanicygray,butmoreofawarmgray.Thatgrayisbeingpairedwithallsortsofotherfashionablehuessuchasyellow,applegreen,andpurple.

Organicshapesversusgeometricorlinearlinesareon-trendnowandcanbeseeninfurnishings,fabricsandevenwalldécor.Wallpanelsinallsortsofmaterials,shapesandpatternsareawaytomakeabigimpact.CheckoutInterlockingRockpanelsbyModularArts.comforinspiration. AstatementheadboardintheMasterBedroomisanothersurewaytocreatedrama.Theseheadboardscanbeupholsteredinallsortsofgorgeousfabrics,craftedfromwoodorevenmadeoutofleather-upholsteredlargemosaicpieces. Often,theuseofinterestingtextureisallthat’snecessary.Asimplewallorothermundanearchitecturalelementcanbeabsolutelytransformedwiththeapplicationofmaterialssuchasstone,metal,tiles,crystals...theoptionsareaslimitlessasyourimagination! Now,getyourimaginationworkingonoverdriveandplantoputalittlepanacheinyourhome’sdesignaswell!

Debra May Himes, Principal of Debra May Himes Interior Design & Associates, LLC can be reached at 480.497.2699 and DMHDesign.com.

By Debra May Himes, ASID, LEED AP

PORK2wholeporktenderloins,trimmed,reservetrimmingssaltandblackpepper

ProcedureBrowntheporktenderloininahotpanandplaceina350degreeovenfor12minutes.Allowtorestoutsidetheovenforfiveminutesbeforeslicing.

SWEETPOTATOMASH2largesweetpotatoes,cutintosmallpieces11/8tsp.cinnamon1/4lb.butterpinchofsalt

ProcedureBoilandmashpotatoes.Mixinthecinnamonandbutter.

BABYGREENBEANS1/4lb.babygreenbeans,cleaned1Tbs.buttersaltandblackpepper

ProcedureInalargepotofrapidlyboilingsaltedwater,cookgreenbeansuntiltender.Strainandtosswithbutter,saltandpepper.

PRICKLYPEARBRAISEDREDCABBAGE1/2headchoppedredcabbage1/2cuppricklypearpuree1/2cupbalsamicvinegar1/2largeyellowonion,chopped1/4lb.apple-smokedbacon,choppedsmall2Tbs.canolaoil

ProcedureInalargepotwithacover,brownthebaconinthecanolaoil.Addonionsandcookuntiltranslucentonlowheat.Addcabbage,pricklypearpureeandbalsamicvinegar.Coverandcookonlowheatuntiltender.Thiswilltakeabout1to11/2hours.

PORTWINESAUCEreservedporkscraps4Tbs.choppedshallots2sprigsthyme1cuprubyredportwine2cupsvealstock

ProcedureInasmallsaucepot,brownporkscrapsonhighheat.Addtheshallotsandsautéuntiltranslucent.Addportandreduceitovermediumheatbyhalf.Addvealstockandheattoasimmer.Reducesauceuntilitlightlycoatsthebackofaspoon.

Aswelookbackupon2012andforwardto2013,weseethatthePhoenixhousingmarketiswellunderwaywithahealthy,managedrecovery.Infact,Phoenixcontinuestoleadthenationinitsrecoveryandweexpect2013toshowanevenbrighteroutlookthan2012. Westillhavealong-termsupplyshortageforresidentialhomes,althoughithaseasedconsiderablyatthebottomendofthemarketcomparedwiththespringoflastyear.Duetotheusualdipinhigher-endhomessalesvolumes,pricingtendstobealittleweakerduringthesummer.ThiswasstilltrueinSeptemberwhenpriceswereonlyslightlyhigherthaninAugust,JulyorJune.Howeverthecompari-sonwiththesummerof2011isstark.Averagepricepersq.ft.wasupover23%sinceSeptember2011andnowthatwearemovingintothecoolermonths,pricesareresumingtheiradvancewithgreaterspeed. Manycitieshaveseenverylargeincreasesinaveragepricingoverlastyear.Thishasencouragedmoresellerstoenterthemarketandweareseeingasignificantincreaseinsupplyinmostareas.InvestorpurchasesaredownfromthepeakinJulyandAugustandwillprobablydeclinefurther.Investors(asopposedtospeculators)tendtoreacttorisingpricesbyreducingtheirappetiteforadditionalhomes. Mosthomesbelow$250,000thatarepricedrealisticallyarestillattractingalargenumberofofferswithinashorttime,andofferswilloftenexceedtheaskingprice.Itisstillmuchquieterintheluxurymarketandactiveadultsectorbutpricesarefirminghereasweentertheseasonwhen

snowbirdsreturntotheValley. Withthecurrentstabilityinpricing,appraisalshavehadachancetocatchup,sorecentlyappraisalshavetendedtocomeclosertocurrentmarketvalue.Withrenewedpriceescalation,weexpectlowappraisalissueswillreemergeduringthefirstquarter. Thesituationfortheaveragehomebuyerremainsfairlydifficultdespiteextremelylowinterestratesandstill-cheappricesbyanyhistoricalstandard.Thisisbecausethenumberofhomesforsaleisstillwellbelownormalandwell-fundedinvestorsarestillhereinsufficientnumberstomakeveryseriouscompetitionwithmultipleall-cashofferswithfewstringsattached.Manyordinarybuyerscontinuetocomeawayemptyhandedaftersubmitting10ormoreoffers.

Investorsarefocusedprimarilyonthelowerpriceranges,wheretherentalreturnoninvestmentishighest.Sopriceshavecontinuedtomovehigherforhomesbelow$250,000.Aftermovingbackwardsforawhilein2012,theupper-endofthemarketisstartingtoshowrenewedsignsoflife. Nowthatcoolerweatherhasreturnedweanticipatestrongerpricingtobereportedalbeitonweakersalesvolumes.Inanormalmarket,risingpricestendtoreducedemandandsoinhibitsalesvolume.Wesawtheoppositebehaviorin2004and2005whenstrongpricegainsdrewinanincreasednumberofbuyersinafrenzyofspeculation.Today’smarketisrelativelywell-behaved.Investorsareriskingtheirownmoneyratherthanborrowedfunds,soriskisbeingmorecarefullymanaged. Webelievethat2013willcontinuetobeayearinwhichhomepricesriseanddemandremainsstrong.

Author and statistician Michael Orr is the Director of Real Estate Studies at ASU’s W.P. Carey School of Business, and Principal of The Cromford Report.

PFChang’sRock‘nRollMarathonSeriesPhoenix,ScottsdaleandTempe,January20thRunRockNRoll.comCelebratingits10thyearintheValley,thismarathonand1/2marathoneventhasabrand-newcoursefor2013andanewtwistfornon-runners:aBikeTour.Bicycleparticipantscanridethemarathoncourseinanon-timedevent.Kidscanparticipateintheone-milefunrunandtherearetonsofvolunteeringandpeople-watchingopportunitiestomakethiseventoneforeveryone!

ToscaSymphonyHall,January25th–27th602.266.7464|AZOpera.comOpulentsetsevokethepalacesandcathedralsof19thcenturyRomeinthisproductionofPuccini’sbelovedopera,whilesopranoJillGardnerlendsherrichvoiceandinsightfulperformancetotheroleofTosca.BaritoneGordonHawkins,aValleyresidentrenownedworldwide,providespowerhousevocalsasScarpia.SunginItalianwithEnglishsubtitles.

WasteManagementPhoenixOpenTPCScottsdale,January28th–February3rd602.870.0163|WMPhoenixOpen.comGolf,spectators,corporatesponsorships,localcelebrities,schmoozing,flirting,eating,drinking,sunshine,16thhole,charity,Bird’sNest…wait,wedidmentiongolf,right?Asyouknow,thePGA’smostpopularspectatoreventonceagaingracestheValley.Nomatterifyou’retrulyagolfaficionadoorsimplyliketobewheretheactionis,theannualPhoenixOpenisonegreatwaytospendaweekoraweekend.

WarHorseGammage,February5th–10th480.965.3434|ASUGammage.comYousawtheAcademy-Awardnominatedfilm,nowseethisbeautifultaleofcourage,loyaltyandfriendshipliveonstage.Thispowerfullymovingandimaginativedrama,filledwithstirringmusic,isashowofphenomenalinventivenessthatiscurrentlyplayingtopackedhousesinLondon,NewYorkandToronto.Atitsheartareastonishinglife-sizedpuppetsthatbringtolifebreathing,galloping,charginghorsesstrongenoughformentoride.

Corks&CactusDesertBotanicalGarden,February23rd–24th480.481.8188|DBG.orgWhowouldn’twanttospendagorgeousArizonaeveningsippinglibationsinatranquil,scenicsetting?Corks&Cactusblendsboutiquewines,gourmetconcessionsanddesertbeautyintoadelightfulevent.Enjoysamplingfrom40differentwineseachday,listeningtolivelocalentertainmentandfooditemsavailableforpurchasefromFabulousFoodFineCateringandEvents.

JANUARY|FEBRUARY2013

Pork Tenderloin with Sweet Potato Mash, Prickly Pear Braised Red Cabbage and Port Wine Sauce

FeaturingLON’satTheHermosa602.955.7878|HermosaInn.com/lons

In Good Taste Event Calendar

ToPlateOnalargedinnerplatespreadsweetpotatomashinacircle.Nextplacecabbagerightinthemiddleofthemash.Sliceporkandplaceitaroundthecabbage.Addgreenbeansrightoverthetop.Saucelightlyandenjoy.

Serves: four