Archive for March, 2008
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At the start of any sailing voyage, this is the mantra Jim Walberg uses when he raises the anchor and sets sail for another adventure!
This phrase, “Do not be fearful,” is one that I have not only used as a life long sailor, but in many aspects of my life. It is the phrase that is used by both those staying behind and those on the sailboat as it leaves the anchorage or dock for another voyage. My experience with this mantra is based on the fact that no one knows what will ever happen on a sailing adventure. The one constant is you know the latitude and longitude of your destination. What happens from the moment you set sail to the moment you drop anchor at your destination is what is called “a sailing adventure”.
I could write a book about all of the “unexpected / expected” experiences that relate back to “not being fearful”. Well, I guess it is OK to be fearful, but a sailor doesn’t let the fear prevent her/him for setting sail, even knowing the challenges that will be faced during the voyage. Someone that lets fear stop them from setting sail to a familiar or new destination is called a “landlubber”, not a sailor. So, fear can either serve you or it can paralyze you. I chose to have it serve me, even though I have been in some pretty scary experiences during my life time of sailing adventures.
One example of my 50+ years of sailing adventures was during a sailboat delivery on the west coast from San Francisco to Cabo San Lucas in Mexico. The sailboat was a MacGregor 65 that is a “rocket ship” that is only twelve feet wide and sixty-five feet long, and is primarily used for racing. It is not considered a “blue water” sailing vessel. It is just built for speed - 12 to 14 knots for a mono-hull! It is known to break up in even moderate seas because of it being so narrow and lig ht. (If a MacGregor does break-up it doesn’t sink because it is filled with foam so it actually floats and one can hang-on to debris as a last resort while awaiting someone to save your ass.)
Off the Santa Barbara Islands our crew of four decided we better stress the boat to the max to see if there were any flaws that could be uncovered before we got into Mexican waters. Another important note - sailors do attempt to always find the “surprises” during a voyage before they are actually surprises. Well, one showed up with all the sails out in a 20 knot wind. Within minutes the boom broke in half and I happened to be in the path of the broken parts. It hit me square on the head and knocked me out. (When we meet again you will now note the dent that is still on the right side of my bald head.) My crew mates acted quickly - another important trait of a sailor, and first made sure I didn’t roll overboard, and then lashed the broken boom together and re-grouped. As a sailor you need to constantly improvise during these types of moments which requires a curious and inventive mind. With the boom broken in half you can’t use your mainsail effectively. So, we rigged it to use the jib and “jerry rigged” the main so we had a small portion of it in the wind. We limped to a repair facility in San Diego harbor and set sail again to complete the delivery. We did deliver the yacht on time, in spite of the detour, and I added another story to my journal of sailing tales.
Well, enough of my musings for now. My point is that you can never explore new shores by standing on the dock wishing you could get their. You must get on board, set the sails, and be prepared for many sailing adventures between the launch and your destination. Hum…maybe there is even some analogies in life that the sailing mantra applies, too - “Do not be fearful!”!!! So, what about some of your tall tales from sailing adventures?
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The Reefs Club is one of the latest fractional 5-star resorts in Bermuda!
Guest contributor: Sherman Potvin is recognized throughout the fractional industry as one of the most experienced consultants in the field. He has worked with leading companies such as Intrawest, Four Seasons, and the Ritz Carlton, as well as many individual developers around the world. Mr. Potvin founded the world’s most respected Website for fractional real estate - Luxury Fractional Guide. And he has recently completed a book designed to aid vacation homeowners in fractionalizing their personal homes. He has served on numerous boards and panels at fractional symposiums throughout North America. Mr. Potvin has been involved with real estate as a broker for more than thirty-five years and, for the past seventeen years, has helped shape the fractional industry and bring it to its accepted prominence today. Below are a summary of his comments about The Reef’s Club in Bermuda now offering fractional ownership.
The challenge with fractional ownership properties in Bermuda are the laws requiring that most of the land needs to be owned by residents of Bermuda. The structure of the purchase of fractional ownership at The Reef’s Club allows a person interested in ownership of a luxury resort residence to circumvent this restriction. One of the real draws to Bermuda is its location - approximately two hours by plane from most of the East Coast airports to this small island with a “big island” feel. Bermuda is actually a collection of 180 islands linked by bridges and divided into “parishes”. All of the “parishes” enjoy spectacular pink sand, tropical coral reefs, lush vegetation and 80 degree weather most of the year.
The Reef’s Club is a collection of spectacular two and three bedroom residences with nothing but ocean views in front of all of them. The Reef’s Club is designed to combine fractional ownership of new beachfront homes with the Reef Hotel Resort’s world class hospitality. The amenities are all that you would expect from such an exclusive resort community; infinity pool with pool-side services, fitness center, roof top putting green, and full access to all of the hotel’s factilities - restaurants, tennis courts, and the award winning day spa.Scheduled for a completion in 2009, you are still able to buy at the pre-completion sales prices. A 1/10th deeded interest starts in the mid-$300,000. Ownership also allows you to exchange your vacation home for other luxurious residences in the Elite Alliance. This collection of premium residence clubs includes properties in some of the world’s most coveted resort locations; beaches, golf mountains, and European destinations! For more details on fractional ownership at The Reef’s Club, contact me today! Until next time, your Caribbean lifestyle detective is on duty!
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The Fairmont Hotel in San Francisco was the host of this years conference ending March 20th.
Ragatz Associates is an international consulting and marketing research firm that serves the worldwide resort industry. It was founded in the 1974 by Dr. Richard Ragatz which has now conducted over 2,000 studies for resort developments in over 70 countries and across the United States. The company provides two core services to the resort industry - feasibility analyses for resort projects and market research for the potential resort project. Ragatz Associates focuses on consumer shared-ownership of the resort industry, which includes fractional interests, private residence clubs, destination clubs, and resort timeshares.
For the past eight years, Dr. Ragatz and his team host the annual conference which further explores the world of fractional ownership of resort properties. This year’s conference was in San Francisco from March 18th - 20th. The “whos who” of the resort property world were attending. It was my pleasure to spend time at the conference and even have the opportunity to interview two of the conference presenters - Sherman Potvin, president of Luxury Fractional Guide, and Bob Waun, the CEO of Vacation Finance. The conference agenda covered all aspects of the evolving world of fractional ownership for those seeking part time second homes around the world. A sample of the conference agenda follows;
- Today’s Affluent Consumer
- The developers’ view of the upcoming trends - from the Brand developers, Private Residence Club, and Independent fractional ownership developers.
- Fractionalizing “One-Off” homes - creating a fractional ownership for one residence.
- The external exchange companies
- Structuring the most proper offering of the fractional ownership product.
- The owners benefits and the required ancillary services.
- Critical legal issues in the fractional ownership industry.
- Financing fractionals in today’s wild financial market place.
For a copy of Dr. Ragatz 2008 report click here. I believe the cost for those who did not attend the conference is $175. Please contact me if you like more information about what Fractional Ownership is about, or, if you are a developer, how you can maximize your return by creating a fractional ownership structure for your resort projects. Until next time…
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Most everyone I know thinks the Bahamas are in the Caribbean - they are not, but you will think they are when you arrive!
For the past year or more, we have been getting inquiries from Buyers who want information about buying in The Bahamas since they believe these islands are in the Caribbean. Up until about six weeks ago I told all of those inquiring that the Bahamas are not in the Caribbean. Starting about six weeks ago there has been non-stop inquiries about real estate opportunities in the Bahamas. If you remember my “Brits & Boomers” blog posting, most of these inquiries are coming from Brittan, Europe and Eastern U.S. With this type of interest I had better pay attention to what the consumers are looking for.
One of the BIG benefits is that the Bahamas are so darn convenient for visitors to get there - direct flights from England and the Eastern coas t of the U.S. It is definitely a British experience when you arrive. The uniforms of the police and driving on the left side of the road are just the first two clues of the British influence on this 100,000 square mile cluster of 700 islands that include an estimated land area of 5,382 square miles, and the highest land elevation is only 206 feet!
The diving is over the top as one of the many draws since The Bahamas have the third largest barrier reef next to Australia being #1, and Belize being #2! It also has 14+% of the world’s coral. There are just over 305,000 Bahamians living on the islands with the majority of them on Nassau and Paradise Islands. There are actually only 14 main islands that serve the remaining 686 islands - either by boat or plane. The boat anchorages available throughout the Bahamas allows a sailor to never have another boat anchored next them if they plan their sailing adventure properly.
The African culture has created the flavor and texture of The Bahamas. There is definitely a British influence , but the culture is West African. One of the amazing festivals in the Bahamas is Junkonoo. This would be a close cousin of the Caribbean Carnivals, but it is held twice a year on Bay Street in Nassau, so the typical tourist does not get a chance to experience it. But if you venture down the Prince George Dock in Nassau, you can check out the Junkanoo Expo.
If sailing is your deal, as it is mine, then you need to show up at Montagu Bay for The Valentine’s Day Sailing Regatta. This regatta is part of the Caribbean regattas that are some of the most competitive in the world. Remember Ondeck Ocean Racing charters? They will be entered in 2009 and they are always competitive. It is truly a championship race that has all the fun of Race Week in Antigua. I have finally accepted the fact that the world embraces The Bahamas as part of the Caribbean scene. So, if you would like to check some of the real estate opportunities in this “paradise” that is only 600 miles off the coast of the U.S., email me and I will send you some fun stuff. Until next time…
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They are not only targeting old and young visitors, lovers and divers!
The Virgin Islands Tourism Board showed off their newest cutting-edge marketing tools earlier this month in St. Croix at Buccaneer Resort in Christiansted. They are going to be using DVD, a music video, U-Tube, and print ads to reach their target audiences. “We want to target the young who can spend many vacation years here,” said Beverly Nicholson-Doty, Tourism commissioner.
The music is pop, with Jade Anderson singing an original tune, “Island Time.” She is the daughter of Jon Anderson, who sang such hits as “Roundabout” and “Owner of a Lonely Heart” in the 1970s and ’80s as front man for the British rock band Yes. “Worries are oceans behind …,” Anderson sings, “washing the tension from my mind … sleep beneath the trees … swim the seas, this is how life is meant to be.” The catchy tune communicates the feel of the islands. Stanley & The Ten Sleepless Knights does the music.
The DVD tells of a young woman’s trip to “America’s Caribbean.” It is a scrapbook and travel journal; she narrates as the pages turn. The footage shows mocko jumbies, weddings, diving, history, culture and more. The printed guides target potential visitors, lovers and divers. Each printed guide is chocked full of island photos in order to hook in the consumers and travel agents so they will choose the U.S. Virgin Islands as their vacation destination.
The romance guide is for couples thinking of beginning lives together with an island wedding. The dive guide is an undersea exploration with shots of the “Wall,” shipwrecks and reefs. The new materials will be used at trade shows, and with travel agents. “We’re doing 500 sales calls a month with this material,” Nicholson-Doty said.
The Virgin Island Tourism campaign is currently focused in Atlanta as a test run, with signs on 75 buses and at airports. The next cities targeted are Boston, Philadelphia, Miami, New York, Cleveland and Chicago. The Tourism Board is also working with airlines to bring more visitors, Nicholson-Doty said. “We need to ensure filling the plane and solidly grow the market with filled seats,” she said. “These are exciting new marketing pieces promoting the Virgin Islands,” Nicholson-Doty said. “This is a first with exposure in mediums we haven’t used before.” All the Toursim Board needs to do is get their target markets to the islands and they will be hooked for life. I visited the Caribbean over 30 years ago, and looked what happened to me! Be sure to link on the V.I. Tourism Board to view their new marketing material. They have done a great job with these new marketing tools. Until next time….your Caribbean lifestyle detective remains on duty!
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The fractional ownership trend is finally spreading onto the Cayman Islands!
When most of you think of the Caribbean you forget about the Cayman Islands, Jamaica, and the Turks & Caicos. Also, many of you still think that the Bahamas and Bermuda are part of the Caribbean. So, for those of you who have not yet experienced the outer islands of the Caribbean, here is some info to peak your interest. The Cayman Islands consists of three small islands: Grand Cayman, Cayman Brac and Little Cayman. Cayman Brac can be reached through a weekly one-hour direct flight from Miami or through daily connecting flights from Grand Cayman. Residents enjoy freedom from taxation, a stable democratic government (British Territory), and the highest standard of living in the Caribbean.
Cayman Brac, the middle sized island, is about the same size as Manhattan (12 miles long, 2 miles wide) but the skyline that gives it its name is natural: a sheer rock bluff (”Brac” is Gaelic for bluff) that runs the center of the island and sets it apart from its two low-lying sister isles. The island is home to about 1,800 residents and has a number of caves dotting the island that are rumored to still hold hidden pirate treasure.
It is no secret that Cayman Brac has some of the world’s finest diving and its greatest attraction is its surrounding waters. Virtually every major dive magazine has ranked the island among the World’s Top Ten Destinations. That’s because just offshore you’ll find more than 100 species of coral, more than 500 kinds of fish and some of the most dramatic and unique geological formations on the planet. Cayman Brac offers some of the best diving in the Caribbean and most sites are just a few minutes boat ride from the resorts.
Crystal Azure Beach Resort is now offering fractional ownership at preconstruction prices. This is an opportunity to purchase an outright share of ownership in one of our luxury, beachfront villas supported by full service amenities and a comprehensive rental management program. This means you can use, rent, lend, trade, will or sell your fractional ownership as you see fit without restriction. The prices for a ¼ ownership start at $110,000US! There are an additional $260 in monthly maintenance and management fees.
The Waterford Private Residence Club is another fractional ownership opportunity on Grand Cayman. It will be a five-star resort and spa. It will contain 50 two- and three-bedroom villas and four estate homes spread over 11 buildings and 10.5 lushly landscaped acres. As a fractional, buyers can purchase a 1/8 share which entitles them to six weeks of usage and additional time based on availability, at no additional cost. The prices for preconstruction start at $297,900US! The Waterford will be completed by May 2010.
All villas and homes will be delivered fully furnished and equipped with designer furniture and top quality appliances. When in residence, owners will have access to a Land Rover, BMW, Mercedes or Audi for their personal use. They’ll also be able to use a Boston Whaler boat, complete with captain. Owners at The Waterford will receive five-star quality care when visiting. From a 24-hour concierge to make golf and dinner reservations to pre-arrival grocery shopping service, every need will be attended to. With two pools, a community Great House with a cigar room, fine dining restaurant and bar, plus a full service spa and health club, it will be the choice of many discerning owners who can’t wait for the a home in Paradise. I will keep you posted as to how the build out goes for both of these new fractional ownership opportunities that have now come to the Cayman Islands. Until next time…
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On March 19th - 23rd St. John is the place to be for the best Blues Festival in the Caribbean!The Beach Bar at Cruz Bay is the beginning venue and the ending venue of this unforgettable event. Reverend Raven & The Chain Smoking Altar Boys will be the headline for the kick-off at The Beach Bar on March 19th. ( You will remember that The Beach Bar is THE spot to hang out at on Thursday late afternoon for blues music from local USVI talent.) Well, Steve Simon has organized a five day Blues Festival this year from March 19th through March 23rd! On March 22nd is the BIG concert of the event at Coral Bay Ball Field starting at 7PM. Simon said, “It’s probably the single greatest evening of entertainment throughout the year in the USVI.” Advance ticket sales are $25 for the Saturday night concert and $30 at the gate. ( You can contact me for the various locations where tickets will be on sale for the next ten days.)
This year’s event features some of the finest Cajun music with three o f the performers coming from New Orleans. The concert stars Tab Benoit, Chubby Carrier and the Bayou Swamp Band, Waylon Thibodeaux, and Sean Carney and the Sean Carney Band. Benoit is a recording artist who remains true to his Cajun roots. Chubby Carrier and the Bayou Swamp Band play Zydeco music, with Waylon Thibodeaux playing a mixture of Louisiana-based music. Sean Carney and the Sean Carney Band was the winner of the 23rd annual Blues Challenge in Memphis. On March 20, Reverend Raven and the Chain Smoking Altar Boys will play on Bluesday in Coral Bay at the Aqua Bistro Café. The performance begins at 8 p.m. with free admission. Danny Draher and Mitch Woods play at the One Night to Go Party at Shipwreck Landing outside Coral Bay. The entertainment begins at 8 p.m. with free admission. The Blues Festival wraps up March 23rd with a closing party at the Beach Bar in Cruz Bay. It runs from 4 to 7:30 p.m. with “surprise artists.” Admission is free.
Most of the proceeds from the Blues Festival will go to the Voice of the Wetlands to help Benoit’s efforts to put a stop to the dramatic loss of Louisiana’s wetlands. “A football-field length of wetlands is disappearing every 30 minutes,” Simon said. The loss of the protective wetlands puts the area at risk from hurricanes. Additionally, the wetlands loss has a huge economic impact on the region. “The seafood industry will be brought to its knees,” Simon said.
I love the Blues, and this is the event of the year for those that share this love. If you go to this year’s Festival, let me know what was your favorite performer. It would blow you socks off…well, I never wear any, so that will be a problem for me. Until next time…..
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Saborea Puerta Rico is THE annual culinary event of the Caribbean!
Did you know that Puerto Rico is considered the culinary headquarters of the Caribbean. OK, I know that each of the islands have their very specific pride in the food they present to the world, however, I would have to agree with the press releases that “Saborea Puerto Rico” which is being presented April 4th - 6th at the beach of Isla Verde is not to be missed. This incredible three day program includes demo kitchens, signature events, wine seminars, kid’s kitchen’s and, the very popular Tasting Pavilion. The events program that I have reviewed was over the TOP!
The event starts off at a coffee plantation and then moves to Isla Verde Beach the last two days. Many of the five-star hotels and restaurants will create venues for many of the food and wine presentations. Puerto Rico can’t wait to show off the islands best features - it’s amazing cuisine! It is also the main fund raising event of the Puerto Rico Hotel and Tourism Association benefiting the educational fund which provides training and certifications in a variety of specialties for candidates entering the hospitality industry.
The Puerto Rican culinary fusion of traditional African, Indian, and Spanish cuisines includes coriander, papay, cacoa, planains, and toro, as well as the entire variety of seafood that is available for the local Caribbean waters. The locals call their food “cocina criolla”. The mixture of ingredients and cooking techniques has evolved into the blend that is Puerto Rican cuisine. When you visit Old San Juan you must dine at La Mallorquina - which is the oldest continuous restaurant in all of the Americas. Dining in Puerto Rico is an amazing adventure that offers hundreds of choices of dining atmosphere and dining diversity as any majore metropolitan city in the world. If you are in the Caribbean during this event you would be well served to participate. I know you will enjoy every minute of it. Until next time…your Caribbean lifestyle detective is searching out the BEST experiences available.
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If you include Mexico, half of the Top Ten Luxury Villas are in the Caribbean and Mexico!
Each year Travel + Leisure publishes their “Top Ten Luxury Villas” in the world. This year’s list confirms the world’s focus on the resort opportunities in the Caribbean Islands. And, as I stated in the sub-title, if you include Mexico, HALF of the top ten are in the Caribbean and Mexico! What a deal for the Northern Hemisphere to enjoy the opportunity of luxury living and luxury vacations.
Here are the top Caribbean Islands Villas for your review. If you want more information you can also go to CNN.com under real estate.
- Au Soleil, St. Barth: The very model of a hedonistic St. Bart’s retreat, this four-bedroom villa overlooking St. Jean Baie is over-the-top luxurious. The
property is an Eden of tropical gardens with a fountain, a bi-level infinity pool, and a grand pavilion (known locally as an ajoupa) for gazing over all of it. Inside, the gleaming gourmet kitchen comes with an in-house chef; the common areas have vaulted ceilings and terracotta floors, and the bedrooms all have carved wood queen- or king-size beds. More sybaritic pleasures–namely, the beach and swanky shops–are just a five-minute drive away. Pricing: From $9,500/week.
- Villa Beach 921, Dominican Republic: The soaring, open-plan design of this four-bedroom property makes the most of its beachfront location on the Dominican Republic’s north coast. Inside, the amenities include a slick chef’s kitchen with a wood-burning pizza oven, and baths with sunken spa tubs. Outside, there’s a private palapa for yoga or meditation, an
herb garden, a four-car garage, and a spacious infinity pool overlooking a slice of breezy beach. The water-sport capital of Cabarete, just minutes away, has windsurfing, kiteboarding, and enough cafes and beach bars to keep happy-hourers happy around the clock. Pricing: From $21,000/week.
- La Koubba Villa, Turks and Caicos: A sprawling (8,000-square-foot) Moroccan-style villa just south of Providenciales in Turks & Caicos, La Koubba has ocean views from all five of its bedrooms. The interiors are decorated with eclectic textiles and ceramics from around the world, along with hand-loomed rugs and embroidered throw pillows. An arched courtyard leads to a hammock-surrounded pool, and a summer kitchen perfect for barbecuing. The calm waters of Sapodilla Bay are just steps away–literally, via a staircase leading into the sea. Pricing: From $10,000/week.
For more information, contact me today. You will be blown away by these three villas. I would love to introduce you to each of them. Until next time…
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Grand Turks is the location of the newest beach resort
in Turks & Caicos - L’Emeraude
I’m sure you remember my past blog about what is happening in the Turks & Caicos. Well, it hasn’t slowed down a bit! L’Emeraude has just broken ground on their beach front resort on Grand Turk. The owner, Mr. Erwin Jones stated today, “L’Emeraude has been designed to offer a select few owners an oasis of peace and tranquility. Plus, the floor plans feature thoughtful amenities such as living rooms that open to the broad covered terraces, spacious and well proportioned bedrooms, with views of the beach and the turquoise waters of the Caribbean.”
Mr. Jones’ vision has created a boutique resort that is limited to only 8 two-bedroom, two- bathroom oceanfront suites, 12 one-bedroom, one-bathroom suites, and 12 studios with lockout poolside suites. The resort has been elegantly arranged around a stunning signature pool designed in the shape of Grand Turk.
The layouts feature an open plan living room/dining room with a fully equipped and well laid out kitchen. Suites on the upper floors boast 18′ high vaulted ceilings. Each of the beachfront suites is a corner unit, maximizing the dramatic ocean views and allowing the gentle sea breezes to flow through. For the owners comfort each unit is also fully air-conditioned.
The beautifully designed garden features walkways to the beach, a central signature swimming pool that includes a small palm island and gazebos in which to relax and dream the day away. L’ Emeraude will offer a Game Room, Fitness Centre, Restaurant and Bar, Lounge Area and Gift Shop.
All the condo suites will be professionally designed and furnished with an attractive tropical furniture package. However, the real beauty of L’ Emeraude is it’s location on Pillory Beach, with the breath-taking Caribbean waters, and the charm and small town feel of Grand Turk. Grand Turk is just a short 25 minute flight from Providenciales and is well served by local scheduled airlines whose time-tables are conveniently coordinated with those of the major international airlines serving Providenciales. Grand Turk is a world unto itself. I know you will fall in love with it as we have. Prices range from $280,000 to $675,000 for presales. Contact me today for more information.
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