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Old 03-01-2016, 10:03 PM
 
113 posts, read 251,222 times
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I plan to move to an age restricted retirement community in Arizona, Nevada, or New Mexico in two years. I don't play golf, but the idea of activities and amenities near by appeals to me. I've never been to New Mexico, but I read Del Webb is building a new retirement community there. I will be visiting Arizona retirement communities this August for nine days. I don't know if I'll be able to handle the heat. I originally was going to move to Florida, but I know I'd hate the summer humidity with the mosquitos. I'm a single male so I only have to consider what I want (also my dog). I currently live in upstate New York. My main question about retirement communities in New Mexico is: Why are there so few of them when compared to Arizona? And why are they so small in the number of homes? Also, would a 66 year old single male (like me) fit in at a retirement community in New Mexico?
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Old 03-01-2016, 11:01 PM
 
Location: Cedar Crest, NM
153 posts, read 165,114 times
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Quote:
Originally Posted by Blanco111 View Post
I plan to move to an age restricted retirement community in Arizona, Nevada, or New Mexico in two years. I don't play golf, but the idea of activities and amenities near by appeals to me. I've never been to New Mexico, but I read Del Webb is building a new retirement community there. I will be visiting Arizona retirement communities this August for nine days. I don't know if I'll be able to handle the heat. I originally was going to move to Florida, but I know I'd hate the summer humidity with the mosquitos. I'm a single male so I only have to consider what I want (also my dog). I currently live in upstate New York. My main question about retirement communities in New Mexico is: Why are there so few of them when compared to Arizona? And why are they so small in the number of homes? Also, would a 66 year old single male (like me) fit in at a retirement community in New Mexico?
To hit on a few of your pointed questions:

- Why are there so many in Arizona and not in New Mexico? If talking Central->North New Mexico, it's because of the higher desert temperature fluctuations. It stays relatively warmer at night in Arizona, and the seasons are far more consistent/temperate (i.e. land of the snow birds). New Mexico is great if you enjoy all 4 seasons. Winter isn't arctic cold, but it's not Florida either.

- I think cost may play a factor in retirement communities. Arizona is the go to because developers came in and built a maze of them, in turn making it pretty affordable with amenities that cater specifically to their age group. New Mexico simply doesn't have as much because it's not the known destination for it, has a different climate, and isn't as specifically targeted for the cost conscious retirement group. You'll see many a retiree in Santa Fe, but they're mostly well to do and not so much in a community like setting.

Personally, I've been to both areas (namely Tucson, home of the retiree), and find New Mexico absolutely bar none above that of Arizona's populace. That is to say, I had a grandfather who retired in a community in Arizona w/ the golf course-shebang. He died an unhappy man. Could be anecdotal, who knows. Ponder that? I very much dislike Tucson.
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Old 03-01-2016, 11:47 PM
 
Location: Bernalillo, NM
1,133 posts, read 2,038,029 times
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There are two Del Webb's in the Albuquerque area. Alegria, a 376-home development, is fully built out but has resales available. Mirehaven, which will include about 540 homes at full buildout, has been open for sales for about a year. There is also a third age restricted active adult community, called Jubilee, in the area. See the following threads about these communities:

- Home from visit (see post #8 in this thread)

- Is Albuquerque A Good Place To Live? ABQ (see post #45)

- Alegria Active Over 55 Community Bernalillo NM (this thread is all about Alegria)

- Help - Which area is recommended - Bernalillo or Los Lunas?

I'm President of the Alegria HOA Board of Directors and have posted a lot in the above threads. Regarding your specific questions, see my answers below:

1. Why are there so few of them when compared to Arizona?
Age restricted communities started in AZ, the first Del Webb was opened there in 1960. So they have been around in AZ for over 50 years and have remained very popular, with new ones being opened as the older ones get fully built out. Plus other companies have copied the Del Webb model and also opened communities in AZ (as well as other states). In comparison, Alegria, the first Del Webb in NM, opened in 2006.

In addition, retirees like AZ better. State income tax rates are lower and the weather is warmer, particularly in the winter, which is attractive to many seniors. AZ is also a much higher growth state than NM and attracts many more people, including seniors. Companies haven't built that many age restricted communities here because there just hasn't been that big of a demand for them.

2. Why are the NM age restricted communities so small in the number of homes?
Pulte, who now owns the Del Webb brand, has told us that the smaller DW communities in NM are the wave of the future, this is the size of communities they want to build elsewhere. The recession revealed a serious weakness in the business model the large home builders had previously used. The large communities require an incredible amount of capital in terms of the required infrastructure investment, before they start making much return on that capital through home sales. They got caught with tremendous amounts of invested capital and unsold lots when the recession hit. Many of these companies suffered severely, some of the big ones went under and were acquired by others. This caused them to change their basic business model to one that does not require nearly as much upfront investment.

So the community sizes in NM are what I expect to see elsewhere in the future. The larger ones in AZ date from before the recession, those that were started in the last 10-15 years still haven't reached full buildout.

3. Would a 66 year old single male (like me) fit in at a retirement community in New Mexico?
Absolutely! We have some single males living here. Although there are more married couples and single females (welcome to your senior years), our single males do great. Don't know what your interests are, but Alegria is a very active adult community, and there's an incredible amount and variety of things to do.

Feel free to ask additional questions either here or by sending me a PM.
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Old 03-02-2016, 10:17 AM
 
113 posts, read 251,222 times
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These were all very helpful responses. I had a couple of misconceptions.

Thanks all.
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Old 04-27-2017, 02:52 PM
 
6 posts, read 5,202 times
Reputation: 19
Following. Thanks for the information.
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