Ancala Lifestyle

Ancala

November | December 2012

ON THE COVER: Courtyard Villa. Impressive entry to 2001 home. Enter into your own mini villa via the private courtyard. Enchanting front courtyard with fountain & impressive entry to home. Ideal floor plan: master suite with luxury bath, his/her closets, fireplace, mountain views & exit to grounds. Two additional bedrooms are on the opposite wing; plus guest quarters with private entry has walk-in closet & shares Jack/Jill bath.it would make an ideal home office, studio/hobby room or theater. Gourmet kitchen has 2 dishwashers, gas cooktop, walk-in pantry, granite prep counters flows into great room with fireplace. Great room is exceptional, sophisticated and family friendly. Covered patios view onto private backyard with newer pool & majestic mountains views. 2001 4 Bdrms, 3.5 Baths, 3,889 Sq.Ft. $948,000

A SAMPLING OF TSUTSUMI’S CURRENT AND SOLD LISTINGS IN ANCALA

Immaculate Home with Separate Guest House. Enter via the gated courtyard to main house & enjoy expansive mountain views. Family friendly floor plan with formal living, dining rm, cook’s kitchen with walk-in pantry, ample granite countertops, gas cooktp opens to breakfast rm & big family rm with fireplace. Romantic master suite has private exit, views & impressive luxurious bathrm. 2 additional bedrms & den in main house. Your guests will love the separate guest house with private entry, living rm, kitchen, bedrm & bath. Outdoor living a must with heated negative edge pool & spa, outdr fireplace, built-in BBQ. 360 view all deck plus a B-I-G side yard for family enjoyment.4 Bdrms, 3.5 Baths,4,196 Sq.Ft. $998,000

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Astonishing Museum Quality Estate! Incredible private compound with every amenity you could wish for, perched high against the Preserve with view of Camelback, city Lights & Sunsets. Ultimate privacy within the 17-foot iron gates to main home and two separate private guest houses, garages for 8+ cars. Main house boast: breathtaking formal living & dining, rich executive office, master bedroom suited for royalty, gourmet chef’s kitchen. Plus a billiards room, game room, theatre, exercise room and more! $3,200,000.

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See all homes listed and sold in Ancala updated daily at www.Ancala.org.

Phenomenal Views! OMG slashed $175k! Unobstructed, amazing views of Camelback Mountain, glowing sunsets, sparkling city lights, acres of green grass. Premium golf course lot on signature 18th hole w/double fairways & lake. Total remodel in late 2007 to boast the finest finishes. Entertaining a must with disappearing wall of glass brings the outdoors in. New gourmet view kitchen opens to breakfast rm & great rm w/wet bar & dining rm w/ wine closet. View master bdrm w/indulging his/her bathrms & H-U-G-E walk-in closet. 4 bedrms + den are ensuites w/new bathrms. Outdoor living a joy w/ cascading waterfall into heated pool, spa, wall glass firepit, new BBQ, pool powder bathrm & truly the best views you will ever find in Arizona! $1,500,000

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Invites You To Live Where You Play And... Play Where You Live!

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PE SA ND LE IN G

Entertainer’s Dream Home! Every amenity to spoil family, friends & guests. C-O-M-P-L-E-T-E-L-Y remodeled in 2007-08 & updated in 2010. Exquisite finishes & the finest craftsmanship. Chef’s fantasy gourmet kitchen opens to big family rm & to huge indoor/outdoor living AZ rm. Romantic master suite is a private retreat w/luxury bath, his & her closets, an upstrs (only 2 rms upstairs) den/exercise rm & office w/Camelback & city light views. Game area w/ classic bar is ideally located to updated theater. Smart house system & outdoor BBQ are new to home. Resort backyard w/2 cascading waterfalls into heated pool, delicious citrus trees, mountain & sunset views. $2,095,000

Alluring Street Appeal! This magnificent home will elate the most critical buyers. Alluring street appeal, breathtaking upon entering w/ captivating architectural details & phenomenal views of sea of green triple fairways, Camelback mtn, sunsets & city lights. One of Ancala’s finest private golf course lots. Gourmet kitchen w/new granite counters, gas cooktp, dark rich cabinetry opens to turret brkfst rm & expansive family rm w/views. Escape to the spacious master suite w/romantic fireplace, luxury bath, his/her clsts & private exit to grounds. 5 bdrms, 5.5 baths in main home plus a separate guest house w/bath & euro kitchen is ideal for visitors, home office or studio. Enviable private backyard w/multiple entertaining areas, negative edge pool, spa, fireplace, 2 blt-in BBQs & unobstructed forever views. $1,595,000

This Home is Perfection! This captivating home boasts exceptional quality & craftsmanship. Family & entertainer’s gourmet kitchen flows into dream family rm with wet bar & breakfast room. Family room opens to outdoor patios & fantasy backyard. Romantic master suite has views, private exit, fireplace & luxurious bathroom.Other bedrooms are ensuites. Theater could be an idea guest suite with private entry. $1,765,000

Alluring Soft Contemporary. Unique design and uncompromised quality. Immediate views upon entering with impressive wall of glass opens to bring the outdoors in. Vistas of greens & majestic mountains. Epicurean kitchen with expansive granite prep counters, integrated wet bar flows into breakfast room and great room. Master wing with luxury bath and BIG walk-in closet. 3 bedrooms and 3 baths in main house plus office with built-ins. Separate guest house with euro kitchen & bath. $988,000

Holiday E ntertaining Ideas To Make Your Events Sparkle

The Housing Market is Recovering Quickly

Why is Metro Phoenix Leading the Nation?

Of the 28 Ancala homes sold in Ancala CC in 2012 from 1/1/12 to 10/22/12, 8 were Tsutsumi H. Lambrecht’s listings. Tsutsumi consistently secures the highest price per square foot for her sellers. Please call 480.695.8807 to have Tsutsumi strive to get the highest price for your home too!

Tsutsumi H. Lambrecht,

ABR, CRS, CLHMS, CNE, CSSN

Office 480-661-5554 Mobile 480-695-8807 tsutsumilambrecht@ earthlink.net

MLS# 4700032 4693144 4702925 4577247 4743310 4674413 4766277 4696376

Address 11692 E Cortez Dr 11607 E Cortez Dr 12025 N 114th Way 12046 N 118th St 12799 N 116th St 12307 N 119th St 12605 N 120th Pl 13046 N 116th Pl

Sq. Ft. / Bed / Bath 1,834 / 2 / 2.5 2,350 / 2 / 2.5 3,572 / 4 / 3.5 3,418 / 3 / 4 3,900 / 5 / 4.5 3,805 / 4 / 4 6,479 / 5 / 6.5 9,893 / 5 / 9

Year Built 1992 1994 1997 1993 1998 1996 2004 2001

List Price $458,500 $625,000 $897,000 $900,000 $895,000 $998,000 $1,895,000 $3,495,000

Sold Price $430,000 $625,000 $865,000 $$870,000 $875,000 $988,000 $1,765,000 $3,200,000

COE 3/26/2012 1/26/2012 4/25/2012 4/09/2012 6/15/2012 1/18/2012 7/26/2012 6/15/2012

LP/SP/$/SF Days To Close $250 / $234.46 57 $265.96 / $265.96 22 $251.12 / $242.16 101 $263.31 / $254.53 329 $229.49 / $224.36 26 $262.29 / $259.66 37 $292.48 / $272.42 56 $353.28 / $323.46 164

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.

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

Flavors Inspired by Fall

Seasons 52’s Aromatic Maple-Glazed Duck

Ancala

Real Estate Report

In Good Taste

Event Calendar

Featuring Seasons 52 602.840.5252 | Seasons52.com

N OVEMBER | DECEMBER 2012 Charity Golf Tournament

DUCK BREASTS WITH GRILLED APPLES & MAPLE GLAZE INGREDIENTS: 6 duck breasts or chicken breasts 1/4 cup maple bourbon glaze (see recipe below) 3 apples, grilled (specialty red or Granny Smith - your choice) kosher salt and pepper to taste seasonal vegetable and fresh thyme or sage to garnish PROCEDURE: Pre-marinate duck breasts (see glaze recipe). Season duck breasts with kosher salt and black pepper. Heat grill and cook duck breasts over medium-high heat. Cook duck to desired temperature, approximately 5 minutes each side. Glaze duck breast while cooking. Remove duck from grill and let rest ten minutes before slicing. Shingle duck slices with grilled apples. Drizzle with more glaze and serve with seasonal vegetables. Serves: 4 MAPLE BOURBON GLAZE INGREDIENTS: 1/4 cup maple syrup 1/4 cup balsamic vinegar 1/4 cup bourbon 1 can chicken stock, low sodium (10 ½ oz) 1/2 tsp. Tabasco, chipotle 1/2 tsp. kosher salt 1/2 tsp. Worcestershire sauce 2 shallots, peeled, minced 1 Tbs. thyme, fresh, washed, pickled, minced Note: use half to marinate, and use half as glaze PROCEDURE: Combine all ingredients in a medium mixing bowl. Whisk together. Reserve ½ cup of marinade. Pour over 2 lbs. of skinless duck breasts. Marinate covered in the refrigerator for a minimum of 4 hours. Place the remaining mixture in a small sauce pot. Cook on medium-high for approximately 15-20 minutes until glaze thickens. Reserve until ready to use. Yield: 2 1/2 cups

Arizona Grand Resort, November 16th 602.955.3947 | Hemophiliaz.org Gather your foursome and prepare for 18 holes of

Hanukkah Dinner

Undoubtedly some of the joys of the busy holiday season are the parties and celebrations that come along with it. Whether you’re already a veteran party-giver looking for some new inspiration for this year, or more of a non-hosting party-goer considering entertaining your own guests, see what we’ve compiled for some fun and festive celebrations!

Retro Cocktail Party Just as the classic cocktail has come back into favor and we’re all obsessed with TV’s Mad Men, put an innovative twist on your cocktail party this year. Set the mood with holiday music from the 60s. (Amazon.com sells an Ultra-Lounge: Christmas Cocktails CD featuring crooners such as Peggy Lee, Dean Martin and Ray Anthony.) Encourage guests to arrive in suits and smart dresses (hats a plus) so you all look the part. Go retro with the menu: deviled eggs, shrimp cocktail, cheese balls, kebabs and marinated olives. Cocktails? Roll out a snazzy bar cart complete with vintage cocktail shaker and serve all the old greats: Tom Collins, Sidecar, Manhattan, Old Fashioned and more.

Light up your ambiance with a nod to the Festival of Lights – have candles burning beautifully throughout your home. Decorate with sparkling blues, silvers and golds. Sprinkle foil-covered chocolate gelt and dreidels about the table and include floral centerpieces of white and blue winter flowers such as narcissus, tulips and hyacinths. Foods that have been baked or fried in oil are central to the Hanukkah feast, so serve a savory beef brisket, latkes, challah bread and sufganiyot for dessert. There are a number of delicious kosher wines available now, and they’re more readily found in stores.

Holiday Brunch Nothing brings families together for a special occasion like a festive brunch. With time-honored holiday tunes piping through the speakers and the seasonal scents of cloves and allspice permeating the home, your guests will feel like they’ve stepped into a winter wonderland. Ask everyone to bring a wrapped ornament for an ornament exchange. Have holiday crafts and activities to keep the children occupied. Let the flavors of the season dictate your menu: cranberry pancakes, maple bacon quiche, smoked salmon and cream cheese strata, pumpkin Belgian waffles, warm seafood salad and more.

spectacular golf along with fun, interactive games and events. Afterwards, stay for the Casino Dinner Party with dinner, dancing, casino games, and a comedy show! Proceeds benefit the Arizona Hemophilia Association. ARTrageous gala starring Bernadette Peters Virginia G. Piper Theater, December 1st For drinks, cafés au lait, Bloody Marys and Mimosas are always in order. For a holiday twist on the Mimosa, substitute orange juice for pomegranate juice.

Elegant Dinner Party This is the opportunity to bring out your best china and crystal and go all out with a sumptuous feast for an intimate gathering. Invite guests to come in their finest holiday attire and serve a menu that stands up to the elegant occasion you’re presenting. Try oyster soup, a sage-encrusted rib roast, roasted rosemary and garlic potatoes, Yorkshire pudding, creamed spinach and a decadent chocolate peppermint cheesecake for dessert. To add to the festivities, include some Champagne tasting as an activity. Test your guests with a blind tasting, or simply give guests a rating system and let everyone choose their favorites.

Caroling Party If you’re a little shy about singing to your neighbors (don’t be, they’ll love it!), organize a trip to a nursing home or hospital. A caroling party is the perfect way to blend the sounds and the flavors of the holidays into a fun tradition. When your guests arrive, warm up their tummies and their throats with a casual buffet. Think plenty of hot hors d’oeuvres, perhaps a baked ham, butternut squash soup and steaming loaves of crusty bread. Prepare custom song books for carolers and supply everyone with a candle and wax protector. After all the caroling fun is done, everyone comes back to your home to enjoy egg nog, spiced apple cider and a large array of Christmas cookies in front of a cozy fire.

480.499.8587 | ScottsdalePerformingArts.org Guests will enjoy a cocktail reception and silent auction and have the opportunity to view the latest SMoCA exhibitions before a gourmet seated dinner and the performance by Ms. Peters. Seven-time Tony Award-Nominee Peters will perform classic Broadway songs and standards. Holiday Prelude Phoenician Resort, December 7th 602.977.1240 | PhoenixYouthSymphony.org Grab your most stylish friends and host a table for the annual luncheon and fashion show to benefit the Phoenix Art Museum, Phoenix Youth Symphony and Phoenix Theater Guild. Fashions presented by Escada and The Clotherie. Athleta Iron Girl 10 Mile & 5K Fountain Hills, December 16th IronGirl.com

WHY IS THE VALLEY’S HOUSING MARKET LEADING THE NATION IN RECOVERY? By Michael Orr

On September 25th, the S&P/Case-Shiller© Home Price Index for July 2012 was released. At 117.22, the index for the Phoenix area was up a dramatic 16.6% from last year. Our nearest rival was Minneapolis, far below us at 6.4%, while some cities such as Atlanta were showing a fall since last year. Why has the Phoenix housing market been recovering faster than any other part of the USA over the last year? Our area was one of the hardest hit by the housing bubble bursting between 2006 and 2008. The monthly average price per sq. ft. for a residential property fell from $190 in June 2006, to $79 in August 2011, a decline of over 58%. Almost all that decline happened in the single year of 2008. In the areas worst hit by foreclosures, the decline was even steeper; but luxury homes were impacted later and to a lesser extent. As an example, Scottsdale’s zip code 85255 fell from $351 to $183 per sq. ft. between January 2007 and October 2010, a decline of 48%. This was below the average for

Phoenix, but far beyond the price declines felt in most parts of the USA. We can see that Central Arizona had to adjust home pricing to market conditions much faster than the rest of the country. In short, we took our knocks early on, but the good news is that we were able to start recovering much sooner. The fundamental reasons for the volatility of Arizona’s home pricing can be found in our real estate laws. Arizona uses Deeds of Trust instead of Mortgages. This means more than 99% of foreclosures are non-judicial, completed by a trustee without going to court. Arizona trustees are very efficient and we have the shortest time in the nation between a Notice of Trustee Sale and a completed foreclosure. As a result, tens of thousands of foreclosed homes flooded the market

in 2008 causing an excess of supply which drove prices down dramatically. Since 2009, lenders have increasingly sought to avoid foreclosures by allowing the borrowers to short sell their property for less than the outstanding debt. In Arizona, real estate transactions are almost always conducted by Realtors who only receive compensation when escrow closes. In many other states, lawyers are required to be involved, which means short sales fail more often and usually take much longer to reach a conclusion satisfactory to all parties. Our short sale success rate is among the highest in the country. Whether through foreclosure or through short sales, Arizona’s non-current home loan rate has plummeted from 16.3% in February 2010 to 8.5% in

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July 2012. This is the largest drop in delinquency of any state. Faster elimination of troubled loans has meant our market has been able to recover its stability more quickly. Housing supply is now well below normal and demand is strong due to low pricing and low interest rates. The areas where pricing fell hardest and soonest are those that have recovered the most. For example Phoenix’s zip code 85009 has more than doubled its pricing from a year ago. The luxury areas are showing more modest price gains, but the market is clearly recovering strength. The market bottom is now a distant speck in our rear view mirror.

with a fantastic platform to reach their personal

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

with the gorgeous sounds of the Phoenix Symphony

bests. Choose from among the 10-mile run or the shorter 5K. Medals to every finisher and post-race giveaways are among the many amenities of the run. New Year’s Eve Celebration Symphony Hall, December 31st 602.495.1117 | PhoenixSymphony.org Assemble your family and friends and ring in 2013 performing your favorite classics. This musical celebration is the perfect ending to your year and most certainly will set the tone for a gracious and blessed New Year!