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Published: Friday, March 27, 2015 6:05 AM CDT

Telluride Daily Planet

Telluride airport continues efforts to bring back commercial flights

The Colorado Flights Alliance recently announced an increase in commercial flights to the region for summer 2015, including added service from Los Angeles, Chicago, Houston and Dallas/Fort Worth in and out of Montrose. CFA is funded by the towns of Telluride and Mountain Village and the Telluride Ski Resort, among other organizations, and works to bring increased air service to the region.

“With summer demand continuing to increase at a record pace, we are thrilled to offer such a significant jump in air service for summer 2015,” CFA Chief Operating Officer Matt Skinner said in the announcement. “The new and increased hub markets, as well as a low-cost option, create fantastic ease of access for both our guests across the country and our regional residents.”

Allegiant will extend its twice-weekly flights between LAX and Montrose from winter into summer. United flights from Houston will ramp up from twice-weekly to daily for the height of the summer season. Additional flights from Chicago, Denver and Dallas are also part of the increase.

“The added flights will give us the opportunity to improve on the previous four consecutive record-breaking summers and benefit the overall economic performance of the destination,” Telluride Tourism Board CEO Michael Martelon said in the press release.

While these added flights will come in and out of the Montrose Regional Airport, both CFA and the Telluride Regional Airport (TEX) Board are working to bring commercial service back to Deep Creek Mesa.

“That’s absolutely one of our top priorities,” Skinner said. “We work closely with the Telluride Regional Airport Board trying to find commercial carriers, private ventures or some combination to bring commercial service back into Telluride.”

Current efforts center around TEX’s approach category, which must be upgraded according to Federal Aviation Administration standards to allow larger planes, like those currently employed by regional commercial air carriers, to fly in and out of the precariously placed airport off of Last Dollar Road.

“It’s difficult to even discuss commercial service until we have this Category C approach, and we’re in the middle of that process,” TEX Board Chairman Jon Dwight said.

Dwight added that he would know more about the progress toward obtaining the improved approach at the next board meeting in May, and estimated the process could be completed in nine months to a year. Dwight said the approach category is an instrumentation system that allows planes to fly into the airport under adverse weather conditions.

One potential point of confusion in the announcement, and in additional marketing materials from both CFA and the Telluride Tourism Board, are the references to the “Telluride/Montrose Regional Airport.”

“Telluride Doubles Down on Summer Destination Flights,” reads the title of CFA’s March 10 press release announcing the additional flights, which might lead some to believe that flights from Houston, Chicago and Los Angeles would be landing at TEX, a quick ride from Telluride. But a closer reading of the marketing materials reveals the flights are into MTJ, which both Montrose officials and the Federal Aviation Administration call the “Montrose Regional Airport,” about a 90-minute drive from Telluride. But Skinner said referring to the Montrose Regional Airport as the Telluride/Montrose Regional Airport is not new.

“It makes it easier for locals and guests to find all the options into the area, and it’s been like that for quite a while,” Skinner said.

According to Skinner, visitors to Telluride often don’t know to search for flights into Montrose, so calling the airport the Telluride/Montrose Airport helps clear up that confusion.

“They’ve been calling it that for a while,” Dwight, a representative for TEX, said.

Do the similar names cause confusion?

“Yes,” Dwight laughed.

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Serenity Now | Sotheby’s Art & Home Features Telluride Listing


Art & Home – April 2015

The latest edition of Art & Home is here! This month we’re showcasing tranquil, harmonious environments inspired by Asia that provide refuge from the hustle and bustle of the modern world.


$2,300,000 USD | Beverly Hills, California | Sotheby’s International Realty- Beverly Hills Brokerage

Because the external world seems to be in a perpetually chaotic and frenzied whirlwind, internally, serenity is always in style.Creating a calm, meditative state within one’s home with an environment that’s at once soothing, orderly and sophisticated, can be achieved by incorporating earthy colors with inspired furnishings and restrained accessories, so each room is a serene, tranquil haven.


$2,625,000 USD | Telluride, Colorado | Telluride Sotheby’s International Realty

Click here to view 261 Adams Ranch Road, Telluride, Colorado

The hallmark of this approach: Asian-inspired décor, which utilizes classic elements from exotic nations such as China, Japan, India and Nepal: a Mongolian area rug; an antique, blue and white Chinese vase from the Ming Dynasty; a delicately hand-painted Japanese screen; an ornately carved console or chest.  The Zen is in the details. “Clients want touches, not whole spaces, to look Asian,” said French native interior designer Marie Burgos.

North Carolina

$7,800,000 USD | Raleigh, North Carolina | Hodge & Kittrell Sotheby’s International Realty

So the key to a successful design is not to recreate period rooms, noted New York City interior designer Geoffrey Bradfield, but rather to employ economy of design with carefully selected, refined furnishings that have clean lines, combined with a selection of ornamental pieces, for an eclectic effect. “Contemporary Asian styling is less ornate than in previous years, less formal and rigid,” added Andrew Hunter of Sotheby’s International Realty in Thailand.


$9,750,000 USD | Phuket, Thailand | Hunter Sotheby’s International Realty

Additionally, the principles of feng shui are sometimes utilized to emphasize an uncluttered, open flow throughout the spaces, and to accentuate harmony and balance.  To that end, New York-based Burgos incorporates the five natural elements –wood, fire, earth, metal and water—in her home designs.  The elements needn’t be literal, she emphasized.  The earth, for instance, can be represented with a collection of terra cotta vases or stone tiles. Fire can come into play via an interpretive lighting fixture, while a pop of red in a painting can serve the same purpose.   But it’s best to keep the overall color palette in neutral tones to underscore the desired intent:  a peaceful space.

Article provided by Claudia Cryvatz Copquin exclusively for Art & Home. 

Discover much more in the Art & Home digital edition now on iPad and Android!

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Sotheby’s International Realty Brand Enters Brazil



Sotheby’s International Realty Affiliates LLC today announced that Imobiliaria Bossa Nova in Brazil has joined the Sotheby’s International Realty® brand and now will do business as Bossa Nova Sotheby’s International Realty.

The firm, led by owners Luciano Amado as president and Marcello Romero as vice president, is located at Alameda Gabriel Monteiro da Silva 2027, Pinheiros, São Paulo.

“São Paulo and Rio de Janeiro are exciting markets that encompass extraordinary properties in a broadly diverse destination, and they provide a highly influential source of avid real estate buyers,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “We are pleased to welcome Luciano, Marcello and their team to our global network.”

According to Romero, the new affiliation with the Sotheby’s International Realty brand represents the opportunity for them to expand and grow.  “The support of this brand will allow us to supply our team with new technologies, training and market intelligence, combined with an extraordinary inventory in São Paulo, Rio de Janeiro and top beach and countryside locations,” said Amado. “Thanks to this affiliation, we now have direct access to a global market through the Sotheby’s International Realty brand’s 760 offices worldwide.”

The Sotheby’s International Realty network currently has more than 16,500 sales associates located in approximately 760 offices in 60 countries and territories worldwide.  Bossa Nova Sotheby’s International Realty listings are marketed on the global website.  In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and their clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

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Market Watch: 5 Real Estate Trends to Watch in 2015




Credit crunch to continue for many

LoanDepot’s Hsieh says he has been encouraged by the recent moves by the federal government to expand credit by allowing agencies to buy loans with lower down payments as well as other moves that are designed to give lenders more guidance and confidence in making loans.

“There’s lots of communications coming out that we need to increase availability of credit the marketplace,” he said.

Still, the overall tightness in credit standards will continue to hurt first-time borrowers in 2015, especially the millennials. While the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin buying loans in 2015 with as little as a 3% down payment, Trulia’s Kolko says that is unlikely to help.

“For young people, a slightly lower down payment requirement won’t solve the problem of not having a good steady job and a good credit history,” Kolko says. Many millennials are struggling with crushing student loan debt burdens and jobs that don’t pay well, which hurts the all-important debt-to-income ratio that’s computed into lending decisions.

Scott Everett, president of Supreme Lending in Dallas, which made more than $4 billion in home loans in 2014 says that compliance costs of Dodd Frank regulations and fear of the Consumer Financial Protection Bureau (CFPB) will spur another round of mergers and consolidation among lenders in 2015. “A compliance department that used to have two people now requires twenty-two,” he said.

Local markets to watch

For real estate investment hot spots for the wealthiest like New York, property is likely to get even more expensive, as economic and political turmoil make other markets look less attractive.

“Hong Kong, Moscow and Dubai are no longer ‘safe’ investment spots compared to New York and London,” said CityRealty’s Levy, who expects nearly a dozen ultra-luxury apartments in Manhattan to sell for more than $100 million each in 2015.

Elsewhere in the U.S., former Rust Belt cities like Pittsburgh, Cleveland, Milwaukee and even Detroit are trying to repurpose themselves and could provide investors new opportunities. “You can get in at one-tenth the cost,” of a New York or a San Francisco, says Levy.

Elsewhere, cities like Boulder, Colo. and Austin, Texas, have become technology hubs and established themselves as good markets for real estate investments. “Smaller cities are going to be an interesting story for the next couple of years,” he said. Other North American hot spots will continue to be Miami and Toronto, he said.

On the flip side, Daren Blomquist of RealtyTrac says that inland California, which was hit badly in the last real estate crash, could be due for yet another correction, as a result of the five-year long drought that has devastated crops and ranching in the typically fertile valley that stretches for hundreds of miles from Chico to Bakersfield. “It’s really in dangerous territory because of the drought,” he said. “They are still reeling from the last crisis and unemployment is still really high.”

Gas prices could affect the housing market

The late 2014 gift of lower gas prices (which could act as a $1,000 to $2,000 tax break for middle class families) could carry over into the housing market, at least in a small way.

Blomquist says lower gas prices could boost the refinance markets or encourage move-up borrowers. “I don’t see it moving the needle that much, [but] it could make some homeowners more comfortable tapping their equity,” for a large purchase such as a boat or a vacation home.

Gas prices fell for 88 straight days between Sept 25 and Dec. 22, according to AAA, to a national average of $2.39, down 85 cents a gallon from a year ago. The savings amount to about $450 million a day for consumers, AAA said.

If low(er) gas prices do last for at least a year or two, Blomquist said it could help the entry-level home buyer who typically has to “drive till you qualify.” It could also help some far-flung suburban communities like Stockton, Calif., which bore the brunt of foreclosures when gas prices soared and commuters could no longer afford their homes. Kolko of Trulia says lower gas prices “could alter some housing patterns with some willing to have a longer commute,” he said.

The oil-price crash of the 1980s brought down real estate markets like Houston, and to a lesser extent, Dallas. The good news: Today those markets are more diversified, with technology and financial services companies and more corporate headquarters than 30 years ago, says CityRealty’s Dan Levy. “There isn’t the crazy overbuilding that we saw during the tail end of the S&L crisis,” in the late ‘80s and early 1990s, Levy said.

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FORBES: Why you should visit Telluride right now


Photo Credit: Ryan Bonneau

By Jennifer Kester, Contributor

Telluride is a quiet hideaway, legendary for its old miner’s can-do spirit and for being the rare resort area with a down-home feel—as well as the majestic views of the jagged San Juan Mountains piercing the often-bright blue sky. Where the rich and famous—and hangers-on—crowd out Aspen and Vail, Telluride offers a refined alternative to the other bustling hot spots of Colorado with its tight-knit, small-town vibe from its independent shops, hotels and restaurants.

The hilly hamlet (it’s only eight blocks deep and 12 blocks long) is a favorite among celebrities—Tom Cruise and Laura Linney have homes here, and Ralph Lauren owns a sprawling 17,000-acre ranch right outside of Telluride—but the atmosphere is casual and unpretentious. Denim and snow boots are de rigueur in even the most upscale of restaurants, and locals cheerily greet you on the way to a local brewpub or coming home from a great day of skiing.

Two parts make up the area. The charming historic town of Telluride sits in a canyon surrounded by 14,000-foot peaks on three sides and is filled with clapboard-fronted shops and restaurants as well as Victorian homes. A National Historic Landmark District, the old mining town was where Butch Cassidy began his bank-robbing career in the 1890s. Then there’s the modern Mountain Village, which sits 9,500 feet above the valley and whose cobblestone streets are lined with ski stores and hotels. Mountain Village gives you prime access to Telluride Ski Resort. The free gondola—the only public transportation of its kind in North America—connects the two areas (the 13-minute ride gives you beautiful vistas).

Living room inside a three-bedroom residence at Lumière Telluride, photo courtesy of Lumière Telluride

Photo Credit: The Lumiere

Where to Stay

Check into Forbes Travel Guide Four-Star Lumière Telluride, a prized gem among the city’s offerings. Located on a quiet cul-de-sac away from the skiers in the upscale Mountain Village area, the European-style boutique hotel is still only minutes away from all of the action. You’ll easily feel at home in the ski-in, ski-out hotel’s spacious residences, which come with LED smart televisions with Bluetooth sound bars, gas fireplaces, separate dining rooms, one and a half bathrooms, washers and dryers, and kitchens decked out with Sub-Zero refrigerators and heavy-duty Wolf stoves. The warm, contemporary spaces exude mountain chic with exposed dark wood, hardwood hickory floors, sand-colored marble, stone touches and a palette of cream, dark browns and pops of orange. Tip: Book the five-bedroom penthouse for the best mountain views in Telluride, which you can admire from your own outdoor hot tub.

What to Do

In the winter, Telluride is an unbeatable outdoor playground teeming with options—snowmobiling, ice climbing, heli-skiing, ice skating and more. But skiing tops the list with more than 2,000 acres for all levels, 127 trails (the longest run is the 4.6-mile Galloping Goose), 18 lifts and, as far as we could tell, rarely a wait on lift lines. Plus, the rugged Rockies make for a breathtaking backdrop. If you need gear, head to BootDoctors. There was a snafu with our rentals, so we wandered there and the friendly staff outfitted us in no time. And if you want to hone your technique, consider booking a private lesson through the ski resort. Our instructor, Neville Leel, was patient, encouraging and gave solid advice.

Another must-do winter activity is snowshoeing with Eco Adventures. (Parents, be sure to check out the store’s happy hour, where you can drop off the kids for arts and crafts while you escape to Hotel Madeline’s new Black Iron Kitchen & Bar to sip on a Mile High Mule—Woody Creek vodka, Gosling’s ginger beer and fresh lime—at one of the outdoor fire tables.) Snowshoeing gives you a unique perspective on the mountains. With a group of about four to five people, take a two-hour walk in a forest among 40- to 70-foot-tall Engelmann spruce, subalpine fir and Aspen trees. During the trek, our knowledgeable naturalist guide Dalen Stevens easily fielded questions about the local flora and fauna (he even pointed out various animal claw marks on bark) and we were lucky enough to spot a snowshoe hare up close. Strolling in the hushed forest with snow softly falling is both serene and invigorating (when it doesn’t snow, you can get picturesque mountain views, too).

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Sotheby’s International Realty: Significant Sales | The Best of 2014

The best of 2014

Click to view The Best of 2014

New and Notable Luxury Properties for Sale

From one of the largest and most historic ranches in the United States to a mansion in Paris, this month’s collection of exceptional properties for sale showcases exquisite lifestyles from around the globe.


33.000.000 € EUR | Paris, France | Paris Ouest Sotheby’s International Realty

Located in Paris, this recently renovated mansion has incredible outdoor space with several terraces including a hot tub and a garden. The home features an incomparable reception area, an extraordinary library, and six ensuite bedrooms. To add to the list of amenities, the home also has a home cinema, fitness room and swimming pool.


$725,000,000 USD | Vernon, Texas | Briggs Freeman Sotheby’s International Realty

The WT Waggoner Ranch is one of the largest and most famous ranches in the United States and was established in 1849. Never before offered for sale in 165 years of ownership, the sprawling Ranch estate includes more than 510,000-contingues acres spread over six North Texas counties, incorporating two main compounds, many homes and significant infrastructure, including a 10,000 square foot Ranch office headquarters in nearby Vernon Texas. There are approximately 20 cowboy camps ranging from 10,000 to 40,000 acres each. The ranch is offered as a turnkey proposition with hundreds of quarter-horses, many thousands of head of cattle, with approximately 1,200 existing oil wells, as well as mineral rights and 30,000 acres of cultivated farmland. There are also a number of large lakes encompassing thousands of acres, waterways and creeks with approximately 400,000 acres of land remaining undeveloped for oil.

Hong Kong

$238,000,000 HKD | Repulse Bay, Hong Kong | Hong Kong Sotheby’s International Realty

This beachside home in Hong Kong features breathtaking views of Repulse Bay Beach and the coastline. Floor-to-ceiling windows spanning across the living room and the balcony bring in plenty of natural light. All four bedrooms in the home feature an ensuite bathroom and many of the rooms in the house feature unparalleled water views. A big sky-lighted courtyard is attached to a recently renovated modern kitchen.


$29,500,000 USD | New York, New York | Sotheby’s International Realty- East Side Manhattan Brokerage

Ideally situated just off Fifth Avenue in New York City, the Carhart Mansion is noteworthy for its grand and elegant limestone façade. Perched high atop this magnificent mansion sits the spectacular Penthouse duplex which encompasses 7,140 square feet of interior space and 5,290 square feet of exterior space. This glamorous residence seamlessly incorporates a contemporary sensibility and style within a traditional architectural vernacular. This sun filled home has its own direct elevator access, a gracious gallery space and wonderfully appointed entertaining rooms. Designed by Horace Trumbauer in 1913, this 87’ wide mansion was designated a NYC landmark in 1974 and converted into four grand scale condominium units in 2005.

View Newly Listed Luxury Properties for Sale >

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MARKET NEWS: Madeline Residences boast 8 residences under contract since February 1st


Uncompromising, Full-Service, Slopeside Living.  At last!

Madeline Residences, a first-of-its kind ownership opportunity in Telluride, just released their first allotment of fully-furnished and turn-key condominium residences on February 1, 2015, and the initial response has been staggering with 8 residences already under contract.  The Ownership Group has committed $15m in residence and property upgrades which will include two game-changing amenities:  a New Porte-Cochere and Outdoor Pool to be completed by December of 2015 and a new New Club Room to be completed July of 2015.  With the ideal slopeside location just steps from the Gondola to Storybook Telluride and unparalleled four-diamond services and amenities, this is game-changer in Mountain Village real estate.

Madeline Ice RinkTo visit Telluride Luxury Properties, click here

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