Why You Should Choose New Mexico as the Location for Your Luxury Ranch
Owning a luxury ranch is not only a sign of prestige and a tangible peace of mind but an excellent opportunity for a life of leisure and recreation. The American Southwest, with its breathtaking vistas, large, open areas, and many national parks, is the logical place for any luxury ranch. You can pick from several states for your ranch, so why choose a ranch for sale in New Mexico? Detailed below are three very good reasons for selecting the Land of Enchantment as the new home for your luxury ranch.
The Natural Beauty
America is a large country and home to many beautiful places. However, New Mexico stands out. Although many people think of New Mexico as a desert state, it has so much more, including thick forests and towering mountains. While the state is generally dry with low precipitation, there are plenty of lakes and rivers here for water recreation.
Natural gypsum canyons and formations abound, along with hot springs and high rock arches. From the Chihuahuan Desert to the Sangre de Cristo Mountains, New Mexico is truly the Land of Enchantment. Plus, the weather here is sunny almost all year around. Just don’t forget your sunscreen.
New Mexican culture is a rich mix of the Native American, Southwest American, and Latin American. One example is the art. The Georgia O’Keeffe Museum holds a collection of this iconic American painter’s greatest works, all inspired by the beauty of southwestern flora. This is found side by side with Native American turquoise jewelry and Latin-inspired pottery designs.
Of course, culture in New Mexico isn’t limited to the visual arts. Your taste buds will also appreciate the cuisine here. Tex-Mex flavors can be found on every street, and chili peppers are practically required with each meal.
New Mexico also knows how to hold a festival. The hot air Balloon Fiesta is a constant crowd-pleaser, filling the sky with a myriad of colors and aerial navigators. There are also plenty of music and food festivals that run throughout the year in several cities.
When you choose from among the ranches for sale in New Mexico, one of the most tangible benefits you receive comes in the form of taxes. Compared to other states, New Mexico is on the lower end of the property tax scale. Combined with a very low relative cost of living, this means more money in your pocket and less spent on taxes and everyday costs.
New Mexico also has an excellent provision in its property tax code that benefits ranch owners. Property tax rates cannot be raised by more than 3% per year unless the property is sold or remodeled, no matter how the economy is doing. Real estate has consistently been a good investment with a rising rate of return. This provision means that as your ranch increases in value, you won’t see all your returns bled off as taxes.