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May 2005

Buy, sell, or rent vacation property at EscapeHomes.com

May 10, 2005
Hello,

Welcome to our monthly newsletter created specifically to help you find your perfect vacation, investment, or retirement property. Inside you will find tips on finding and financing your second home, details on high quality resorts and vacation destinations worldwide, and information on pre-screened real estate specialists.


IN THIS ISSUE

  • 10 Great Spots for a Weekend Getaway Home


  • 'Hot Market' of the Month: Venice, Florida


  • Featured Property: Spacious and Sophisticated Hillside Property on 2.75 Acres in Santa Fe, New Mexico


  • Preserve Equity, Build for the Future Using a 1031 Tax Exchange


  • Considerations for Buying Property in Developed Resort Communities


  • New Management System for Rental Property Owners


  • 10 Great Spots for a Weekend Getaway Home
    *Listed in alphabetical order

    Discover: Venice, Florida
    Known for its beaches and the prehistoric shark's teeth that can be found on its shores, today's Venice offers something for everyone. Located in Southwest Florida, about 20 miles south of Sarasota along the shoreline of the Gulf of Mexico, Venice has a plethora of beautiful beaches, a quaint downtown shopping area and gorgeous natural scenery along the Myakka River. The city of Venice has many fine amenities, including a yacht club, community center, professional dinner theater, an art center, world class fishing, tennis, several golf courses and many fine restaurants.

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    Featured Property: Spacious and Sophisticated Hillside Property on 2.75 Acres in Santa Fe, New Mexico
    Sophisticated quality and artistic amenities abound at this hillside property on 2.75 acres. Every part of the home has been extensively renovated with attention to detail. Spectacular sunsets over the Jemez Mountains are seen from both the main house and 2-story guest house. The home features expansive outdoor spaces, patios, and decks. En-suite master bath has an Indonesian feel. It's truly an incredible home that you don't want to miss.

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    Preserve Equity, Build for the Future Using a 1031 Tax Exchange
    Thinking of trading up on an investment resort property? If so, look into 1031 Tax Exchanges (based on IRS Code Section 1031), which allow taxpayers to defer taxes on capital gains resulting from the sale of investment real estate, often a sizable sum since combined Federal and State taxes can run as high as 38 percent. With an exchange, owners are able to preserve equity, while still selling the property.

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    Considerations for Buying Property in Developed Resort Communities
    One convenient way to get your dream house in a top location is to investigate the many planned communities designed for second home and retirement living. Many of these communities offer amenities that go beyond the average home development plans, including recreation (golf, tennis, ski trails, horseback riding trails). When you buy or build a home in a development, you get all this and more. However, as always, it's important to be a prudent buyer and match your lifestyle needs and budget with what the development offers.

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    New Management System for Rental Property Owners
    Numerous articles have been written on the growing trend of individuals purchasing second homes not only for recreational use, but also for investment purposes and why second home owners should take advantage of managing their property on their own. Recognizing that most vacation rental property owners do not have the time, resources or desire to assemble all the documents and figure out the procedures required for self management of their second home, Vacation Property Services has developed the Vacation Rental Planner & Organizer, a complete management system for second home owners.

    Read more...

    Thank You
    Finally, thank you for being a loyal EscapeHomes user. We will continue to provide you with valuable tools and information to help make your dream of owning a second home a reality.

    Amanda Sturges
    Editor
    EscapeHomes.com
    The Smart Source For Second Homes
    (800) 937-9090
    (415) 252-9500
    Amanda@EscapeHomes.com
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