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Happy New Year!
Riviera Partners Realty and our team wish you and your family a Happy, Healthy & Prosperous New Year for 2010.
We are committed to continuing as your first contact, reliable and professional partner in staying up to date on what is happening in our community. With our experience, knowledge and understanding of the local market we aim to be your first choice should you be considering selling, purchasing or gaining general or detailed information of the market in our community.
Our offices are open in the Plaza Ollin 10:00 am to 6:00pm Monday to Friday, & Saturday 10:00 am to 2:00 pm – call us at: +52-329-291-5442 / US&CAN: 1-323-521-3353 / 1-760-298-4413 – RPR web site: www.rivierapartnersmx.com
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Market Update |
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The New Year has started with greatly increased activity. We also have had a surge of new offers being made on our listings. We are currently working to finalize five new offers on properties within Punta Mita. While the first week in January is historically slow we are expecting to have a more active high season than we experienced during the early months of 2009. 2010 has begun with more activity and there is a general feeling of improvement in the markets therefore assisting in generating more interest and inevitably offers being made on properties in our area.
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Feature Property For Sale: Las Palmas Villas #7 – newly reduced price! |
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Las Palmas Villa number 7, Brisa model, has now been reduced to USD$995,000.00 with the intent to sell in the coming months. We believe that while we do have several properties that qualify as “amazing opportunities” listed with our company that this single family home within the Las Palmas de Punta Mita development is a hard opportunity to beat! Las Palmas is a proven community within Punta Mita and there are many benefits to owning within this community.
This three-bedroom villa features 3,917 square feet of luxurious indoor/outdoor living areas, and borders the fairways of the Pacifico Jack Nicklaus Signature golf course at the Punta Mita Golf Club. The single level, 3-bedroom, 3-bath design features a combination living/dining room that opens onto a partially covered expansive terrace, with outdoor dining area and private plunge pool. The primary master suite offers a separate, private terrace, as well as a walk-in closet and large bath with outdoor shower and patio. The second bedroom, also with walk-in closet and private bath, opens up to the main terrace. Just off the large central patio, which showcases a stunning water feature, is a gourmet kitchen and laundry, as well as a guest bath and additional bedroom. Throughout the villas is fine stone flooring, and adjacent is an enclosed garage with space for a large luxury car, golf cart, and storage. View it now at Las Palmas 7.
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Feature Property for Rent: Casa Luna Mar |
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Casa Luna Mar is an expansive 10,000 square-foot private, oceanfront sanctuary, part of the exclusive, gated 20-estate community of Ranchos within the Punta Mita Resort. Designed by esteemed Architect Pepe Vigil, this residence is rich in architectural details highlighting local materials, bamboo, washed-concrete floors, dark woods, volcanic stones, and simple contemporary finishes. The residence, pool and beach seamlessly integrate to enjoy unforgettable experiences.
This spectacular estate boasts five bedrooms, (one 2,000 SF Grand Master Suite, two spacious oceanfront Master Suites, 2 Garden Casitas with ocean views), 5 fully appointed bathrooms, and 2 half-bathrooms. Common gathering areas include the living/dining/media space, central courtyard, fitness room, rooftop terrace, pool pavilion and beach point, overlooking a sandy beach, tucked into a protected cove.
As a rental property within Punta Mita resort, guests enjoy access privileges to the Punta Mita Residents’ Beach Club, Tennis Club and Golf Club, with its two world-renowned Jack Nicklaus Signature golf courses that surround the Four Seasons Resort and St Regis Resort.
Highlights of this residence include: ocean views, oversized spaces, romantic settings, direct beach access, and uncompromised privacy & security. Luna Mar is bespoke service and barefoot elegance. It is indulging in the luxury of nature, and the company of friends and family.
Call us for more information about this new and spectacular estate, available for rent.
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Development Spotlight: nahui |
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Riviera Partners Realty is excited to announce our newest Master Plan development listing, “Nahui”. A 2,000-acre lifestyle community fronting 4.5 km of pristine beachfront at Destiladeras Beach in Riviera Nayarit, Nahui’s initial phase will include private residences, condominiums, and custom home sites; Tau Resort;  a collection of boutique hotels and a variety of recreational amenities including a golf course and private Beach Club. All surround a central Village and Entertainment Plaza, bringing a new vibrancy to life on the north shore of Banderas Bay.
Vista Destiladeras is the initial residential opportunity to be released at Nahui, consisting of a limited collection of spectacular ocean view home sites and condominium residences. On each home site buyers have the option of either constructing their own custom residence, or purchasing a residence from the developer—now, or in the future. The developer-offered residences feature a high-quality, creative, value-priced sectional home design by Arq. Jaimie Barba, unlike anything available in the market. Each of these homes has the option of personalizing the design to fit the lifestyle and budget of the buyer.
Exceptional pre-sale residential opportunities are now available, from $135,000 to $4 million USD, with non-qualifying developer financing available. We invite you to contact our sales office for additional information.
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Community News |
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Plaza Ollin along with other businesses on the main street (Ave. de las Redes) in Punta de Mita have now begun a weekly “Punta Mita Art Walk”. Born from a desire to bring the community closer together and give us all an opportunity to get out and meet our neighbors, this weekly event offers a venue to meet more people in our area community. The weekly Art Walk takes place every Thursday evening, from 6 to 9pm, starting at Kim Cawood Design Studio, and continuing on to Plaza Ollin, Bar Czar, Café des Artist Art Gallery, and PEACE.
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Mexico Mortgage Financing Report, by Meridian Capital Partners |
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With home loan rates looking to be close to a bottom, and both lending activity and home sales increasing, this is an ideal time for potential buyers to consider action on acquiring the resort residence they have been thinking about. Our clients are also contacting us to evaluate financing their existing property in Mexico, in order to pull cash out of this asset in their portfolio, while rates are so attractive. 
Consider this—our last transaction, closed for a property within Punta Mita, was a $4 million loan with a revolving line of credit, at 3.75%. Payments were interest-only, monthly adjustable, and convertible to a fixed rate loan at the borrower’s option.
As the Meridian Capital loan programs for Mexico resort properties are U.S. based loans, in U.S. dollars, with a U.S. Bank, they closely track the U.S. mortgage market. The Mortgage Bankers Association (MBA) confirms that mortgage loan application volume has been increasing steadily in recent months, as tracked by the organization’s weekly survey. Activity in the Meridian Capital office confirms this trend among our clients. We are also anticipating an increase in mortgage rates. The average 30-year fixed mortgage rate is currently at 5.00% (January 20) up from the record low 4.5% in late March 2009, based on MBA data, but sharply below rates of over 7% which were seen in late 2008.
Our view of financing encompasses not only the transaction itself, but also how this property acquisition fits into your overall strategic financial goals, such as current income requirements and estate planning. As you investigate real estate opportunities in Mexico, we encourage you to consult with Meridian, to evaluate the very best way to make this transaction work to your financial benefit. We invite you to visit our website and view our blog on Mexico financing at http://www.MeridianMexico.com.
Contributed by Meridian Capital Partners LLC (MCP). MCP’s sole focus is to assist affluent individuals interested in financing a primary, second or investment home in Mexico.
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Featured Resort News: Four Seasons:
New Concept for Aramara Restaurant at Four Seasons Resort Punta Mita |
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On the heels of a partnership in 2009 with celebrated Mexican chef Richard Sandoval, the Four Seasons Resort is launching 2010 with an updated concept for their Aramara restaurant, which blends the simplicity of contemporary Asian cuisine with the fresh produce and seafood stemming from the Pacific lands and shores of Western Mexico. 
Under the international stewardship of French-born executive chef Phillipe Piel, and Mexican born restaurant chef Jorge Gonzalez, the diverse menu combines traditional fare with global and local flair to please the discerning palates of sophisticated travelers. Both chefs boast Asian experience, with Chef Jorge Gonzalez, the former national Chef Joven of Mexico, most recently completing a culinary tour of Southeast Asia through Jakarta, Indonesia and Hong Kong.
Dining is a visual and interactive feast for guests of Aramara. Ideal sharing dishes include Aramara classics such as ahi tuna ceviche, shrimp spring rolls and five spiced duck salad. Among the menu innovations are the “Hot Rock,” thinly sliced seasoned steak cooked tableside over a hot rock presentation, and “Robata,” Japanese marinated skewers cooked over wood chips.
In an ambience of casual elegance, Aramara offers indoor and outdoor dining with serene views from its perch high above the Pacific Ocean. Minimal décor opens to the beauty of the sea with Zen-like touches such as an illuminated water fountain, subtle lighting, clean furnishing lines and simple tabletops. A private dining enclave features the wildly popular Chef’s Table, where the Chef’s best surprise creations of the day are matched with the Sommelier’s delightful cocktail and wine pairings. The chic Aramara Bar features a gracious lounge area and an exotic menu that takes guests from pre-dinner aperitifs to after-dinner drinks to the tunes of an energetic Cuban band. While in Punta Mita, come and revisit Aramara, at the Four Seasons Resort.
Save the Date: Boutiques Event February 15. On February 15, from 5 - 7 pm, the Boutiques at the Four Seasons will host a special event featuring Mexican Crafts from MAP (Museum of Popular Art) together with an exhibition of Huichol Art. Cocktails and hors d'oeuvres will be served, to enhance your shopping experience!
Works of art in themselves, the shops welcome guests with the same elegant and beautiful spirit that has become synonymous with Punta Mita. Located off the lobby at the entrance, the artfully designed retail space provides a stylish backdrop for showcasing the exceptional mix of luxury goods. Each store offers a distinctive shopping experience designed around a unique selection of regional products and internationally recognized labels. In true Four Seasons fashion, the boutiques can accommodate any guest request from personal shopping to custom orders.
For more information or restaurant reservations, visit fourseasons.com/puntamita, or call the resort directly at: 1 (866) 280-9490, or (+52) 329/291-6000.
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 Surf Club: We are meeting every Friday at 4:30pm at Plaza Ollin (Boca Deli) for our new Punta Mita Surf Club. We will then head over to the Residents beach club in Punta Mita to meet a panga and head out together to the best break that day (we will share the small cost of the panga and a tip for our captain each trip). Should the waves be too large at the beach club we will meet the panga in the village to facilitate our departure and arrival. Come join us one of these Fridays, no matter if you are a beginner, intermediate or advanced surfer the concept is to share in another spectacular sunset surf session and meet more people in our community that share the same passion for catching a few waves! For more information contact me directly: 329.291.5442 / 322.1050.243 / Jonathon@rivierapartnersmx.com.
Sailing Club: The sailing season will be in full swing as we enter February so let me know should you have any interest in joining us for a sail from time to time. For those that would like to try their hand at entering a regatta or two and crewing on a boat please find attached this years Regatta schedule. For more information contact me directly: 329.291.5442 / 322.1050.243 / Jonathon@rivierapartnersmx.com.
 Humpback Whale Watching: Another winter season returns and with it the presence of the Humpback whales as they enter the sheltered waters of Banderas Bay to mate and calve. Punta Mita Expeditions offers three-hour excursions with amazing opportunities to get up close and personal with these intensely expressive animals and learn about the complexities of their behavior. A ride through the Humpback’s mating grounds can be many things; an awe-inspiring performance as humpbacks launch all 50 tons of their bodies into the air, an adrenaline packed adventure as angry males fight for pole position next to an available female, an intimate, heart-warming experience as newborn calves follow along with their mothers, nurse, or awkwardly imitate the surrounding adults in play, or an eerie recital as males disappear into the depths of the ocean to sing the mysterious verses of their native song.
Fishing and Spearfishing: The season is here for the Tuna’s and Big Wahoo’s so come out and enjoy some fishing action with us!!
For more information on whale watching, scuba, fishing and other tours please contact Nicolas & Sebastian Melani – Punta Mita Expeditions – www.puntamitaexpeditions.com / nicolas@puntamitaexpeditions.com / Sebastian@puntamitaexpeditions.com; 329-291-6649.
Punta Mita Tennis Club: Meeting at 7pm each Tuesday at the new tennis club in Punta Mita, this evening of tennis is great fun with participants of all ability levels joining in. If you are an aspiring tennis player or an accomplished one come join us each Tuesday evening. We look forward to seeing you there!
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Plaza Ollin |
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Plaza Ollin is located on Ave. de las Redes approximately just 100 meters from the second entrance (Village entrance) into the Punta Mita community, on the main street accessing the beach front restaurants and beach areas.
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