Breckenridge Ski at Stoneybrooke

Stay at Stoneybrooke in Breckenridge Co for your ski vacation
http://www.stoneybrooke.net

http://www.stoneybrooke.net

A LUXURY VACATION RENTAL

Stoneybrooke, a beautiful 4000 square foot luxury home situated beside the roaring Pennsylvania Creek in the majestic Arapahoe National Forest, is the perfect place to spend time with family and friends.

6 BEDROOMS

3 LIVING AREAS

4.5 BATHS

FULLY EQUIPPED KITCHEN

PRIVATE HOT TUB

STUNNING VIEWS

SLEEPS 14

Amenities

Hot tub – Seats eight- on deck overlooking Pennsylvania Creek

Hair dryers – Four – one in each full bath

Humidifiers

Fully equipped kitchen

Gas Barbeque pit

Ralph Lauren linens

Fax machine; copier; scanner

FREE High Speed Internet

FREE Long Distance

Wet bar complete with refrigerator and dishwasher

4 Television sets

HBO and Cinemax

Split bedroom arrangement – Four - Two

Arapahoe National Forest Surrounds home; Creek side home

Trail access within walking distance

Gas fireplace in master bedroom and formal dining room

Master bathroom has separate tub and shower

In floor heating in master bedroom

Extensive library

Testimonials

"What a wonderful home to vacation in -- a quiet refuge from the noise of the world! The house could not have been warmer or more inviting. The weather was cold but perfect -- lots of snow & blue skies. I loved watching the birds & squirrels in the backyard. Everyone had a grand time skiing and snowboarding and hot tubbing."

"Our entire family spent the Christmas week with us in your beautiful home. Everyone was amazed with the warmth and beauty of the home. The whole family agreed this is one Christmas we will never forget."

Fractional ownership: Get a piece of a vacation home

Fractional ownership: Get a piece of a vacation home
By Pat Curry • Bankrate.com

A second home has been called the ultimate discretionary purchase -- something that many people would like to have but no one needs. People who do own a place at the beach, the lake or in the mountains often are quick to express frustration at not being able to spend more time there. It hardly makes sense to have the expense of a mortgage, upkeep, insurance and taxes for a place you don't use more than a couple of weeks a year.

- advertisement - PVR;h_250_w_300_cc_47172_cm_23039;1;0/1000

To deal with that situation, family members and friends often have joined forces to buy a place. It cuts down on the cost and everyone gets to enjoy a place that's more than just a hotel room. In 1994, a new concept debuted in the United States -- fractional ownership of vacation homes. Patterned after fractional ownership of private jets, the concept formalizes the idea of a group of relatives or buddies pooling their resources to buy a getaway place.

Fractional ownership offers individuals the opportunity to buy partial ownership of a really nice place in a resort area. We're talking chalets with walk-out skiing in the Rockies, oceanfront houses or condos, or island properties in the Caribbean and Europe, often with resort-style amenities including on-site restaurants, fitness clubs, golf courses and a concierge service.

The arrangements usually divide the ownership into fourths, eighths, or 13ths, with each owner having an equal number of days a year to use the unit. The owners buy their shares from a management company, which handles maintenance and scheduling everyone's time.

Similar to time shares
If it sounds a lot like a time share, that's because there are similarities. The more fractions that are sold, the more it resembles a time share. Both can be bought as deeded properties (some time shares are now sold as club memberships instead of time in a specific unit), and can be rented out, shared with family and friends, sold or left to someone in a will.

Like time shares or any kind of resort property, there are small players and big guns in the business. If you're in love with one locale and could see yourself going back to the same place over and over, a small company could be just the ticket. If you'd like more flexibility, some major corporations such as Ritz-Carlton, the Four Seasons, Disney and Marriott also are in the business. All of them have resorts in various parts of the country, and even in the Caribbean and Europe, with the opportunity to swap time at other destinations.

The big difference: money
The big differences between time shares and fractional ownership properties are prices, financing and fees. While time shares can be had for a few thousand dollars, fractional ownerships can run $100,000 or more -- much more.

"We have a property in Aspen now that the quarter shares are $1.5 million," says Doug Freyschlag, president of Denver-based Alpine Quarters. "Even at that price level, it still makes just as much sense as any other level."

With that kind of price tag, buyers aren't subjected to the "you have to make a decision today" aggressive sales pitch that is still the prevailing strategy in the time share industry. While most developers offer their own financing for time shares (the terms are akin to those of a personal loan, in the 14 percent interest range), it's generally not an option for fractional ownership properties because the purchase is too large.

Credit: http://www.bankrate.com/brm/news/real-estate/20031211a1.asp

Million-dollar homes ... for a fraction of the price

Fractional-ownership is a fast-growing segment of the vacation-home segment. Is it for you?

By Les Christie, CNNMoney.com staff writer

June 23, 2006: 11:57 AM EDT

NEW YORK (CNNMoney.com) - How would you like a big, luxurious vacation home in a beautiful resort for just a tenth of the going rate? Sounds good, right?

The catch is that you only get to use it a fraction of the time.

$225,000 for a 1/12 "fraction" at the Ritz-Carlton club in St. Thomas.

Photo Gallery See more photos

For a rapidly increasing number of Americans, "fractional-ownership" is a perfect trade-off.

Owners get a beautiful, high-quality house, in a fantastic location, with great services and amenities and a carefree vacation lifestyle for 10 percent or 15 percent of what they would have to pay to buy the house on their own. The costs of buying and running these often expensive properties is shared by a number of people and the homes, instead of sitting idle most of the time, are nearly always being used.

Fractionals, often called residence clubs, form one of the fastest-growing segments of the vacation-home market. New sales totaled $1.5 billion in 2005, up 42 percent for the year. Dozens of projects are in the works. (See 7 fractional offers available now.)

The industry began in Utah little more than 10 years ago when Steve Dering, of DCP International, started the first fractional-ownership community in Park City. Many of the very expensive lodge-type homes there were under-utilized and he figured owners were spending a lot of money for just three or four weeks of use.

"Do the math," he says. "Those are very expensive ski days."

The average Aspen ski-country house costs around $4 million. A one-eighth share of a three-bedroom lodge in the Timbers Company fractional ownership development runs about $430,000, plus yearly dues of about $10,000.

Of course, there's no confusing fractional ownership with full ownership. You can't redecorate or even hang photos of your grandmother on the wall. But fractional owners are guaranteed six weeks in residence including two prime weeks during ski season and two summer weeks - these are prioritized on a rotating basis among all owners - and additional off-season weeks. Owners can also call on short notice to see if there are additional openings.

Another plus: Owners don't have any responsibility for daily care. The operator mows the lawn, shovels sidewalks and paints the trim.

Appreciation?

These are not time shares, which are merely contracts specifying a right to use a property on certain weeks. Fractional ownership is an actual, deeded interest: You can sell it, leave it in your will, put it in a trust, practically anything you could do with any normal deeded property.

They can even be a good investment. Helping that has been the roaring real estate markets, which have been especially good in many of the locations where fractionals are sited. At the Deer Valley Club in Park City, shares that cost $130,000 about 10 years ago sell for about $655,000 today, according to Dering.

For John Nussbaum, a retired co-founder of am electronics firm, whose primary residence is in Appleton, Wisconsin, the big selling point is that fractionals facilitate his desire to keep connected with his far-flung family.

"You can ask the kids to come to Appleton, but there isn't a lot to do here," says Nussbaum.

Nussbaum has a total of three units at Snowmass, buying the last one just recently in the after-market. He also has a fractional in Cabo San Lucas and just bought a new lot at a project under development, Botany Bay in St. Thomas.

High-end properties

The price of entry to most residence clubs can be quite high; only the wealthy need apply. Ragatz Associates, a marketing firm that tracks the industry, reports median annual household income is $425,000.

The posh properties often provide luxury-hotel-type services and amenities: airport pick-ups, ski concierges, spas, grocery restocking, restaurant reservations and more. It's like having a beautiful, high-quality home within a fine hotel.

As a matter of fact, luxury hotel chains, such as Ritz Carlton, are involved in fractional ownership. Dering says he doubts that very many future high-end residence clubs will open in resort locations without some kind of boutique hotel component.

Last year, according to Tina Gienko-Necrason, director of sales and marketing for Ritz-Carlton Clubs, more than half of all real estate sales in Aspen involved fractional ownerships. Lately, they have also been started in cities such as New York and San Francisco and internationally, in places like the Tuscan countryside.

Buyers should shop carefully; owners depend much more on operators to protect their investment than they would buying their own house. Burden expects some fractionals could eventually fall by the wayside. Failure to keep offering high-quality, personal service could doom some projects.

Credit: http://money.cnn.com/2006/06/23/real_estate/fractionals_are_coming/index.htm

Tag cloud

Breckenridge, Breckenridge co, breckenridge ski, hotels Breckenridge, breckenridge travel, breckenridge hotel, breckenridge lodge, breckenridge resort, breckenridge lodging, breckenridge rental, breckenridge ski resort, breckenridge mountain, breckenridge real estate, breckenridge vacation, breckenridge condos, breckenridge condominiums, condo Breckenridge, the breckenridge, breckenridge mountain lodge, breckenridge resorts, breckenridge inn, breckenridge restaurants, village at Breckenridge, breckenridge skiing, grand timber lodge Breckenridge, timber lodge Breckenridge, breckenridge com, lodge at Breckenridge, breckenridge co ski, breckenridge vacation rentals, keystone Breckenridge, bed and breakfast Breckenridge, breckenridge peak, breckenridge ski area, breckenridge town, breckenridge townhomes, main street station Breckenridge, the village at Breckenridge, valdoro Breckenridge, breckenridge city, breckenridge co lodging, valdoro mountain lodge Breckenridge, breckenridge condo rentals, breckenridge peak 8, lodging in Breckenridge, thunder lodge Breckenridge, thunder mountain lodge Breckenridge, breckenridge condo rental, breckenridge news, breckenridge summit, www breckenridge

WHY SELL FRACTIONALLY?

Do you own a vacation property you've been trying to sell unsuccessfully, perhaps because it is worth so much? Or have you owned a vacation home for quite some time and wonder how much it has appreciated? Would you like to get cash out, but really hate to part with it? Consider fractionalizing the property. There are numerous benefits to selling slices:

Have your cake and eat it too:
By selling fractionally, you can actually retain partial ownership while selling off fractions to realize the appreciation gain. You can spend that cash to pay off debt, improve your home or purchase slices of other dream homes elsewhere to diversify your investment and vacation experience. For example, you might split your home into quarters. You could sell 3/4 and keep 1/4 for your use. Additionally, by keeping a slice, you can continue to benefit from its appreciation.
Fetch a higher price for your property:
Fractionalization lowers the entry price point, thus expanding the potential buyer pool. Experience has shown that sellers incrementally increase their gain with each fraction. In other words, a property sold in halves may command a slightly higher price than a property sold whole, whereas a property sold in eighths might fetch a significantly higher price. Some developers have succeeded in selling fractional properties at more than double assessed value for a single property. Recently, this strategy has worked particularly well for properties that are luxuriously furnished and include access to clubhouses, swimming pools, beaches, golf, skiing, or other desirable amenities.
Take advantage of the 1031 tax exchange program:
The IRS recently permitted the use of 1031 exchanges to purchase fractional TIC property, thus further expanding the available pool of buyers looking to invest. The 1031 exchange is a rapidly growing trend as more baby boomers retire and exchange into retirement and second homes.
Share the cost burden:
Studies show that vacation homes are under-utilized by their owners and sit empty a vast majority of the time. On average, owners spend only 17-20 days a year in their vacation home. And yet they continue to pay for all carrying costs annually, including mortgage, property taxes, utilities, insurance, cleaning and maintenance. Imagine being able to share that cost with co-owners.
Help the local economy:
Shared homes are used more often. They increase the number of visitors to the area during shoulder seasons without increasing peak season crowds. Shared homes are more often professionally cleaned and regularly maintained. The result is an economy that offers more steady employment opportunities for locals, and a more valuable housing stock.