20 19
When it comes to the North Scottsdale lifestyle and area real estate, The Luckys are proud to be the eminent source for their clients.
AUGUST
With 100s of millions of dollars in sales under their belts, The Luckys are honored to be reputed as the most proficient
Lisa | Matt | Laura
and skilled in the industry.
2015 | 2016 | 2017 | 2018
602.320.8415 | Lucky@RussLyon.com View more luxury listings at LisaLucky.com
In This Issue COMMUNITY CONNECTION ________________ Spotlight On: Ben’s Bells
$2,450,000 ________
YOUR HOME ________________ Architectural Styles in North Scottsdale
MLS #5883292
lush landscaping and over a charming courtyard bridge spanning the winding entry river and waterfall. Overlooking the 14th fairway, this luxuriously designed estate grants golf, mountains, canyon and city-light views from its numerous patios, courtyards and resort-style backyard. The nearly 8,500-square-foot floor plan has five en suite bedrooms all with private patios, a loft, basement/rec room with wet bar, two powder baths, office with
Glenn Moor at Troon Village 5 Bed + Den + Basement + Loft + Bonus 6.5 Bath
built-ins, two laundry rooms, exercise room with sauna and an
8,449 SQ FT
art studio! The master suite’s spa-like bath, specialty closets,
4 Car
large dressing room and private sitting room make for a tranquil retreat. A separate-entry casita with bedroom, bath, living and
5 REASONS TO
ARIZONA’S MONSOONS
REAL ESTATE CORNER ________________ Investing in Short-Term vs. Long-Term Rentals
offered at
Arrival to this magnificent Southwest Territorial estate is through
2. GRAB THE POPCORN AND SETTLE IN FOR A SHOW. Is it just us, or does everyone across the Valley turn off the lights and gather near a picture window when lightning is sparking up the night sky? The intense summer heat and cooler monsoonal airflow combine to create dramatic and vigorous thunderstorms in the desert. If you don’t mind the thundering booms and cracks that accompany the light show, we consider watching a violent storm pass through from the safety and comfort of your home as a perk of living in the desert!
AROUND TOWN ________________ Scottsdale Events to Enjoy in August NEW & NOTEWORTHY ________________ People, Places & Things to Know About FEATURED PROPERTY ________________ Magnificent Southwest Territorial in Glenn Moor at Troon Village
Living in the Valley certainly has its benefits: An enviable climate, lush Sonoran Desert landscapes at every turn, and those sunny blue skies for days on end. So when Mother Nature throws a curve into this normally fair and idyllic setting during our annual monsoon season, one might think we’d be dismayed. Nope! Here are five reasons we look forward to our summer storms: 1. THAT UNMISTAKABLE SMELL OF RAIN. Does rain actually have a smell? In the desert it sure does. That pungent but not unpleasant aroma you smell when a storm is brewing is the scent of the prolific creosote plants that fan all across the Valley floor. The creosote plant only grows in the arid southwest areas of the United States and Mexico and it’s the resinous oil in the plants’ leaves that release that distinct scent when they become wet with rain or even just high levels of humidity. Fun fact: Did you know creosote bushes have one of the longest life spans of any living organism on earth? We’re talking thousands of years!
3. A BRIEF RESPITE FROM THE HEAT. When our summer days are blistering hot, the extreme drop in temperature that is often heralded in by a storm is always a welcomed event. As precipitation falls through a storm column, it drags cooler air down with it. In fact, it’s not unusual to experience a 30-degree cooling during and right after a storm moves through. It may not last for long, but we’ll take it! 4. THE WET STUFF. Unlike other parts of the country, the dry, arid Sonoran Desert only receives about six or seven inches of rain a year. So when it does rain, most Phoenicians don’t mind it a bit. On average, the Valley receives nearly half its total annual rainfall during the short monsoon season. We particularly love the big, fat drops of rain that plop heavily from the sky. There’s something so satisfying in feeling the weight of those hefty drops in the palms of our hands! 5. SUNSETS ARE EVEN MORE SPECTACULAR. Yes, it’s true, we are gifted with beautiful sunsets on any given evening throughout the year. But the rich, vibrant hues that develop in the stormy skies during monsoon season are made even more dramatic due to the presence of clouds. It’s the ice crystals within high or medium-level clouds that scatter and reflect light, leading to a dazzling display.
kitchenette is perfect for visiting guests. Your personal tour awaits! 10801 E Happy Valley Road 122 | Scottsdale, AZ 85255
CORPORATE OFFICE:
CONTACT:
The Luckys North Scottsdale 7669 East Pinnacle Peak Road, Suite 110 Scottsdale, AZ 85255
602.320.8415 Lucky@RussLyon.com LisaLucky.com
Investing in Short-Term vs. Long-Term Rentals Investing in real estate has been the impetus for wealth for many. No doubt, smart property investments can significantly boost your portfolio. When it comes to buying rental properties, there are two different strategies that have their own pros and cons. Read on to learn what may be best for you. SHORT-TERM VS. LONG-TERM As you know, short-term rentals are homes that are available to tenants for a limited time such as a matter of days to weeks. The popular platforms of Airbnb, VRBO and HomeAway have made it easy for vacationers to find a short-term rental that fits their needs. Long-term rentals refer to the more traditional model where a renter signs a multi-month (or longer) lease to occupy the home full time. PROS OF SHORT-TERM RENTALS The income potential may be higher because you’ll earn a higher nightly rent than you would in a long-term lease. Buying property in a location (yes, Scottsdale!) where the demand for vacation rentals is strong, offers good opportunities for high occupancy rates – important for your ROI model. As an added bonus, if your property is in a locale you’d like to vacation in as well, you’ll be able to block off some rental days for yourself.
CONS OF LONG-TERM RENTALS With the monthly rent amount locked into the lease, you’ll face limitations on the rent you may charge which could mean a missed opportunity if demand and prices in your area rise. If you have tenants that need to be evicted, it can be a long, drawn-out legal process that could eat up your profits. We’ve literally helped hundreds and hundreds of investors purchase property. Let us guide you with our market knowledge and expertise. Contact us for a no-obligation consultation! L Lucky@RussLyon.com or 602.320.8415
REA E S TAT E
corner
& NOTEWORTHY
WHAT THEY DO: Founded and named in honor of young Ben who died just under the age of three, the mission of Ben's Bells is to teach individuals and communities about the positive impacts of intentional kindness and to inspire people to practice kindness as a way of life. Ben’s family found that the kindness offered by the community upon his death helped with the sadness and pain; and worked to find a way to encourage kindness within our society.
AUTHENTIC GOES SWANK Ready for upscale Mexican cuisine with
Bells are handcrafted by volunteers which are then hung randomly in public places with an invitation to take one home and to celebrate, honor, and recognize the importance of practicing kindness.
CONS OF SHORT-TERM RENTALS There are many HOAs around the Valley that restrict homes from shortterm use. If you invest in a location where it’s not restricted, you may have the ongoing concern that it could be outlawed at a future date. The initial financial investment will be high, as you’ll need to completely furnish and stock the home for guests. You’ll be responsible for monthly utility payments and there’s the ongoing work to be done with guest bookings and turnovers. PROS OF LONG-TERM RENTALS With renters paying a consistent amount per month, your yearly budget and income projections may be more reliable. With a multi-month or longer lease, the stability and predictability of who your tenants are is an important consideration. Additionally, your tenants will be providing all of the furnishings and paying the monthly utility bills, keeping your initial investment and monthly expenses lower.
new
SPOTLIGHT ON: BensBells.org
ARCHITECTURAL STYLES in North Scottsdale
a side of glamour? Agave del Scottsdale, now open at the Mercado del Lago plaza, brings
The defining architectural aesthetic of North Scottsdale tends to favor the common styles of Southwest, Mediterranean and Tuscan; however, we’re seeing a surge in Contemporary and Transitional-style homes with remodels and new builds. We thought we’d give a little primer on each style’s defining characteristics.
The mission of Ben's Bells is to teach individuals and communities about the positive impacts of intentional kindness and to inspire people to practice kindness as a way of life. HOW CAN YOU HELP? Donate – Financial assistance is always welcomed. Volunteer – Each month thousands of people volunteer at the Ben’s Bells studios. Pieces of the bell are sculpted from clay, kiln fired and then assembled. By the time a bell is finished, at least 10 people will have participated in its creation. Kindness Education – Ben's Bells Kindness Education Programs offer speaking opportunities for education, recognition, and celebration in a variety of venues; including schools, workplaces, neighborhoods, and communities. Shop – Purchase handmade items from the online store that inspire kindness and purpose-driven gifting.
Southwestern – These homes are a mix of Spanish Colonial and Native American (or Pueblo) architecture. Finished in smooth stucco, residences usually are onelevel with flat or terra cotta roofs. Inside, you’ll find open living areas dotted with alcoves, distressed wood, Saltillo tile, bancos (built-in seating), kiva fireplaces and vigas (round-log ceiling beams). Homes of this style are usually painted in neutral colors that blend into the desert and interiors may be accented by yellows, oranges, reds, greens or turquoise. Tuscan – Characterized by a multi-level roof with barrel tiles, narrow windows with cast-iron hardware, arched doorways, courtyards, and an abundance of stone masonry; Tuscan homes are in earth-toned hues such as warm umber, muted browns or reds. Interiors generally have a large kitchen, high tiled-barrel ceilings, cantera stone and large timbers. You’ll find accents of cast iron, solid wood, candle sconces and scrollwork.
Mediterranean – With an influence from homes found in Italy, Greece, France and Spain, this architectural style features stucco exteriors, low-pitched roofs (often in red tile), a front courtyard, and balconies and verandas on the upper levels. Floor plans tend to be open with large spaces for entertaining. Mimicking the color palette of authentic homes from the region, interior hues such as yellow, blue or lavender are typical. Contemporary – Homes in this style are defined by an asymmetrical façade, large windows, a strong emphasis on geometric shapes and the use of recycled, natural and mixed building materials. Often confused with Modern homes (which narrowly defines the sparse and minimalist style popular in the 1940s and 1950s), Contemporary homes tend to be warmer and more inviting. Interiors are sleek, with a limited use of accessories and ornamentation. Transitional – Some consider a Transitional style to be a perfect blending of the elegance of Traditional style with the edginess of Contemporary design. Think classic with a modern twist – clean lines, warm neutral colors, textural elements and lots of natural light.
traditional, authentic Mexico City-inspired dishes to the menu with influences from the Yucatan, Mazatlan, Puebla and Veracruz regions. Throw in a colorful dining room with glitzy pink chandeliers, a tableside tequila cart and a spacious patio for al fresco noshing and we’re sold! AgaveDelScottsdale.com
NAILED IT! Lunchtime mani/pedis are made even easier since Luxe Nail Bar is now open at the Scottsdale Quarter. Since you’ll be at the Quarter for shopping
AUGUST 30 | TalkingStickResort.com
Wine Dinner
Will James: Cowboy Artist and Author
Jeff Foxworthy
Will James – artist, illustrator, author and Newberry Medal winner –
America’s top comics live at the Talking Stick Resort!
Need an excuse for an evening out? The Hyatt Gainey Ranch offers monthly wine dinners where you’ll enjoy expertly paired wines with their chef’s seasonally inspired cuisine. Mix and mingle with other wine lovers and learn something new about the featured winery of the month. In August, Beaulieu Vineyard’s BV wines will be presented.
had a prolific influence on Western culture during his lifetime that continues even today. The collection of over 80 original works of art, books, letters, photographs, posters, prints and artifacts are on display at this limited-time exhibition at the Scottsdale Museum of the West.
You might be a redneck if…you’d love to go see one of Foxworthy – TV host, bestselling author, Grammy Award nominee, actor and comedian – will perform for one night only this summer right here in Scottsdale. Make it a date night or a guy’s night out and prepare for an evening of laughs.
and dining anyway, a quick stop in lets you freshen up your digits in no time. Offering waxing, nail enhancements and children’s services too; Luxe just made your beauty routine simpler. LuxeNailBarPhoenixAZ.com
August
THROUGH AUGUST 18 | ScottsdaleMuseumWest.org
2019
AUGUST 15 | Hyatt.com
Investing in Short-Term vs. Long-Term Rentals Investing in real estate has been the impetus for wealth for many. No doubt, smart property investments can significantly boost your portfolio. When it comes to buying rental properties, there are two different strategies that have their own pros and cons. Read on to learn what may be best for you. SHORT-TERM VS. LONG-TERM As you know, short-term rentals are homes that are available to tenants for a limited time such as a matter of days to weeks. The popular platforms of Airbnb, VRBO and HomeAway have made it easy for vacationers to find a short-term rental that fits their needs. Long-term rentals refer to the more traditional model where a renter signs a multi-month (or longer) lease to occupy the home full time. PROS OF SHORT-TERM RENTALS The income potential may be higher because you’ll earn a higher nightly rent than you would in a long-term lease. Buying property in a location (yes, Scottsdale!) where the demand for vacation rentals is strong, offers good opportunities for high occupancy rates – important for your ROI model. As an added bonus, if your property is in a locale you’d like to vacation in as well, you’ll be able to block off some rental days for yourself.
CONS OF LONG-TERM RENTALS With the monthly rent amount locked into the lease, you’ll face limitations on the rent you may charge which could mean a missed opportunity if demand and prices in your area rise. If you have tenants that need to be evicted, it can be a long, drawn-out legal process that could eat up your profits. We’ve literally helped hundreds and hundreds of investors purchase property. Let us guide you with our market knowledge and expertise. Contact us for a no-obligation consultation! L Lucky@RussLyon.com or 602.320.8415
REA E S TAT E
corner
& NOTEWORTHY
WHAT THEY DO: Founded and named in honor of young Ben who died just under the age of three, the mission of Ben's Bells is to teach individuals and communities about the positive impacts of intentional kindness and to inspire people to practice kindness as a way of life. Ben’s family found that the kindness offered by the community upon his death helped with the sadness and pain; and worked to find a way to encourage kindness within our society.
AUTHENTIC GOES SWANK Ready for upscale Mexican cuisine with
Bells are handcrafted by volunteers which are then hung randomly in public places with an invitation to take one home and to celebrate, honor, and recognize the importance of practicing kindness.
CONS OF SHORT-TERM RENTALS There are many HOAs around the Valley that restrict homes from shortterm use. If you invest in a location where it’s not restricted, you may have the ongoing concern that it could be outlawed at a future date. The initial financial investment will be high, as you’ll need to completely furnish and stock the home for guests. You’ll be responsible for monthly utility payments and there’s the ongoing work to be done with guest bookings and turnovers. PROS OF LONG-TERM RENTALS With renters paying a consistent amount per month, your yearly budget and income projections may be more reliable. With a multi-month or longer lease, the stability and predictability of who your tenants are is an important consideration. Additionally, your tenants will be providing all of the furnishings and paying the monthly utility bills, keeping your initial investment and monthly expenses lower.
new
SPOTLIGHT ON: BensBells.org
ARCHITECTURAL STYLES in North Scottsdale
a side of glamour? Agave del Scottsdale, now open at the Mercado del Lago plaza, brings
The defining architectural aesthetic of North Scottsdale tends to favor the common styles of Southwest, Mediterranean and Tuscan; however, we’re seeing a surge in Contemporary and Transitional-style homes with remodels and new builds. We thought we’d give a little primer on each style’s defining characteristics.
The mission of Ben's Bells is to teach individuals and communities about the positive impacts of intentional kindness and to inspire people to practice kindness as a way of life. HOW CAN YOU HELP? Donate – Financial assistance is always welcomed. Volunteer – Each month thousands of people volunteer at the Ben’s Bells studios. Pieces of the bell are sculpted from clay, kiln fired and then assembled. By the time a bell is finished, at least 10 people will have participated in its creation. Kindness Education – Ben's Bells Kindness Education Programs offer speaking opportunities for education, recognition, and celebration in a variety of venues; including schools, workplaces, neighborhoods, and communities. Shop – Purchase handmade items from the online store that inspire kindness and purpose-driven gifting.
Southwestern – These homes are a mix of Spanish Colonial and Native American (or Pueblo) architecture. Finished in smooth stucco, residences usually are onelevel with flat or terra cotta roofs. Inside, you’ll find open living areas dotted with alcoves, distressed wood, Saltillo tile, bancos (built-in seating), kiva fireplaces and vigas (round-log ceiling beams). Homes of this style are usually painted in neutral colors that blend into the desert and interiors may be accented by yellows, oranges, reds, greens or turquoise. Tuscan – Characterized by a multi-level roof with barrel tiles, narrow windows with cast-iron hardware, arched doorways, courtyards, and an abundance of stone masonry; Tuscan homes are in earth-toned hues such as warm umber, muted browns or reds. Interiors generally have a large kitchen, high tiled-barrel ceilings, cantera stone and large timbers. You’ll find accents of cast iron, solid wood, candle sconces and scrollwork.
Mediterranean – With an influence from homes found in Italy, Greece, France and Spain, this architectural style features stucco exteriors, low-pitched roofs (often in red tile), a front courtyard, and balconies and verandas on the upper levels. Floor plans tend to be open with large spaces for entertaining. Mimicking the color palette of authentic homes from the region, interior hues such as yellow, blue or lavender are typical. Contemporary – Homes in this style are defined by an asymmetrical façade, large windows, a strong emphasis on geometric shapes and the use of recycled, natural and mixed building materials. Often confused with Modern homes (which narrowly defines the sparse and minimalist style popular in the 1940s and 1950s), Contemporary homes tend to be warmer and more inviting. Interiors are sleek, with a limited use of accessories and ornamentation. Transitional – Some consider a Transitional style to be a perfect blending of the elegance of Traditional style with the edginess of Contemporary design. Think classic with a modern twist – clean lines, warm neutral colors, textural elements and lots of natural light.
traditional, authentic Mexico City-inspired dishes to the menu with influences from the Yucatan, Mazatlan, Puebla and Veracruz regions. Throw in a colorful dining room with glitzy pink chandeliers, a tableside tequila cart and a spacious patio for al fresco noshing and we’re sold! AgaveDelScottsdale.com
NAILED IT! Lunchtime mani/pedis are made even easier since Luxe Nail Bar is now open at the Scottsdale Quarter. Since you’ll be at the Quarter for shopping
AUGUST 30 | TalkingStickResort.com
Wine Dinner
Will James: Cowboy Artist and Author
Jeff Foxworthy
Will James – artist, illustrator, author and Newberry Medal winner –
America’s top comics live at the Talking Stick Resort!
Need an excuse for an evening out? The Hyatt Gainey Ranch offers monthly wine dinners where you’ll enjoy expertly paired wines with their chef’s seasonally inspired cuisine. Mix and mingle with other wine lovers and learn something new about the featured winery of the month. In August, Beaulieu Vineyard’s BV wines will be presented.
had a prolific influence on Western culture during his lifetime that continues even today. The collection of over 80 original works of art, books, letters, photographs, posters, prints and artifacts are on display at this limited-time exhibition at the Scottsdale Museum of the West.
You might be a redneck if…you’d love to go see one of Foxworthy – TV host, bestselling author, Grammy Award nominee, actor and comedian – will perform for one night only this summer right here in Scottsdale. Make it a date night or a guy’s night out and prepare for an evening of laughs.
and dining anyway, a quick stop in lets you freshen up your digits in no time. Offering waxing, nail enhancements and children’s services too; Luxe just made your beauty routine simpler. LuxeNailBarPhoenixAZ.com
August
THROUGH AUGUST 18 | ScottsdaleMuseumWest.org
2019
AUGUST 15 | Hyatt.com
20 19
When it comes to the North Scottsdale lifestyle and area real estate, The Luckys are proud to be the eminent source for their clients.
AUGUST
With 100s of millions of dollars in sales under their belts, The Luckys are honored to be reputed as the most proficient
Lisa | Matt | Laura
and skilled in the industry.
2015 | 2016 | 2017 | 2018
602.320.8415 | Lucky@RussLyon.com View more luxury listings at LisaLucky.com
In This Issue COMMUNITY CONNECTION ________________ Spotlight On: Ben’s Bells
$2,450,000 ________
YOUR HOME ________________ Architectural Styles in North Scottsdale
MLS #5883292
lush landscaping and over a charming courtyard bridge spanning the winding entry river and waterfall. Overlooking the 14th fairway, this luxuriously designed estate grants golf, mountains, canyon and city-light views from its numerous patios, courtyards and resort-style backyard. The nearly 8,500-square-foot floor plan has five en suite bedrooms all with private patios, a loft, basement/rec room with wet bar, two powder baths, office with
Glenn Moor at Troon Village 5 Bed + Den + Basement + Loft + Bonus 6.5 Bath
built-ins, two laundry rooms, exercise room with sauna and an
8,449 SQ FT
art studio! The master suite’s spa-like bath, specialty closets,
4 Car
large dressing room and private sitting room make for a tranquil retreat. A separate-entry casita with bedroom, bath, living and
5 REASONS TO
ARIZONA’S MONSOONS
REAL ESTATE CORNER ________________ Investing in Short-Term vs. Long-Term Rentals
offered at
Arrival to this magnificent Southwest Territorial estate is through
2. GRAB THE POPCORN AND SETTLE IN FOR A SHOW. Is it just us, or does everyone across the Valley turn off the lights and gather near a picture window when lightning is sparking up the night sky? The intense summer heat and cooler monsoonal airflow combine to create dramatic and vigorous thunderstorms in the desert. If you don’t mind the thundering booms and cracks that accompany the light show, we consider watching a violent storm pass through from the safety and comfort of your home as a perk of living in the desert!
AROUND TOWN ________________ Scottsdale Events to Enjoy in August NEW & NOTEWORTHY ________________ People, Places & Things to Know About FEATURED PROPERTY ________________ Magnificent Southwest Territorial in Glenn Moor at Troon Village
Living in the Valley certainly has its benefits: An enviable climate, lush Sonoran Desert landscapes at every turn, and those sunny blue skies for days on end. So when Mother Nature throws a curve into this normally fair and idyllic setting during our annual monsoon season, one might think we’d be dismayed. Nope! Here are five reasons we look forward to our summer storms: 1. THAT UNMISTAKABLE SMELL OF RAIN. Does rain actually have a smell? In the desert it sure does. That pungent but not unpleasant aroma you smell when a storm is brewing is the scent of the prolific creosote plants that fan all across the Valley floor. The creosote plant only grows in the arid southwest areas of the United States and Mexico and it’s the resinous oil in the plants’ leaves that release that distinct scent when they become wet with rain or even just high levels of humidity. Fun fact: Did you know creosote bushes have one of the longest life spans of any living organism on earth? We’re talking thousands of years!
3. A BRIEF RESPITE FROM THE HEAT. When our summer days are blistering hot, the extreme drop in temperature that is often heralded in by a storm is always a welcomed event. As precipitation falls through a storm column, it drags cooler air down with it. In fact, it’s not unusual to experience a 30-degree cooling during and right after a storm moves through. It may not last for long, but we’ll take it! 4. THE WET STUFF. Unlike other parts of the country, the dry, arid Sonoran Desert only receives about six or seven inches of rain a year. So when it does rain, most Phoenicians don’t mind it a bit. On average, the Valley receives nearly half its total annual rainfall during the short monsoon season. We particularly love the big, fat drops of rain that plop heavily from the sky. There’s something so satisfying in feeling the weight of those hefty drops in the palms of our hands! 5. SUNSETS ARE EVEN MORE SPECTACULAR. Yes, it’s true, we are gifted with beautiful sunsets on any given evening throughout the year. But the rich, vibrant hues that develop in the stormy skies during monsoon season are made even more dramatic due to the presence of clouds. It’s the ice crystals within high or medium-level clouds that scatter and reflect light, leading to a dazzling display.
kitchenette is perfect for visiting guests. Your personal tour awaits! 10801 E Happy Valley Road 122 | Scottsdale, AZ 85255
CORPORATE OFFICE:
CONTACT:
The Luckys North Scottsdale 7669 East Pinnacle Peak Road, Suite 110 Scottsdale, AZ 85255
602.320.8415 Lucky@RussLyon.com LisaLucky.com