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You should check out Double Diamond which is a master-planned community comprised of several "villages" in South Reno. They have a gated 55+ community called Miner's Village that's about 3-5 years old. It's a really nice area with lots of landscaped walking trails and a plethora of shopping opportunities 5-15 minutes away. In fact, it's pretty much half way between the regions two main shopping malls/areas (Meadowood Mall & Summit Sierra).
Another development worth checking out is in D'Andrea Ranch in Sparks, NV. I believe the name of the 55+ community is Toscana. The homes are very nice and it is also a gated community with a HUGE clubhouse. The D'Andrea master-planned community also has a golf course and additional clubhouse with a restaurant on top of the hill (with views of all of Reno & Sparks) and a nice shopping center with Safeway, Starbucks, Blockbuster, a few restaurants, etc. A short 10 minute drive away they are building lots more stores and restaurants (Costco, Johnny Carino's, Chili's, Best Buy, Circuit City, Costco, etc.)
Wingfield Springs in Sparks (technically Spanish Springs) is another area worth looking into. I don't think they have a 55+ community, but the area is VERY beautiful and tranquil, but be aware it is a good 6-7 miles from the nearest freeway access/hospital.
Either way, I would steer clear of Fernley/Fallon unless you really are after a rural feel and a slightly cheaper price. These areas are going quickly, but the planning has been very poor and there is really only one way in and out of these towns. If there is an accident, snow storm, etc. it can turn into a nightmare just to get home. On top of that, you will need to drive into Reno/Sparks if you have to shop for anything other than the basics.
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