What do you want in your RETIREMENT OR RETREAT?
- Happiness
Family, friends, security, comfort, help and health and faith are the major elements of true happiness. - Security
Law and police, wire fences and walls, light and alarms alone do not make for perfect security. When they are accompanied by family and friends, good well known neighbors, security is firm. -
Comfort
Warm colors on sound walls in shady gardens with silent moments and joyful music at your command, good food when you want it; when there is healthful activity and attention to your discomforts, all are components of comfort. - Friends
Without a neighborhood
populated
by good and caring people friendships are born and grow. You can
have your pets
that are attended when you are away. There is a great life awaiting any
pet at La Marquesa. Children are welcome as guests. - Family
Family members are encouraged to visit and the management does everything to make visits comfortable and enjoyable. Many seniors have the La
Turquesa units for part of the year; the visit friends or relatives
other times and some even maintain a residence in their home country for
extended stays, renting or allowing family or friends use their unit. - Help
Everyone needs help sometimes. One of the joys of La Turquesa is the presence of people willing, able and efficient to attend your every need. - Health
Comes with exercise,
mental
and physical. There is now end to opportunity to exercise. The Sea of
Cortez is a vast water of relative calm for swimming. The air is fresh
with La Turquesa only a short walk from the wide deep white sand beach.
The breeze off
the
sea makes sun bathing pleasant an naps under a large umbrella restful
and regenerative. Hot tubs are offered for each unit. At the
community center/ Activities facility there are planed activities and
games, Yoga, weights and other physical exercises. A doctor is on call
and routine or special appointment are available. - Assisted Living
We realize that more and more people are growing older bound to wheel chairs or with physical limitations of one sort or another. All the units have maximum features to assure comfort and access to
everything
for everyone. For those with special needs, there are good, feeling and
caring qualified people at affordable costs. We address individual needs
with the buyer members.
are single bedroom homes and two bedroom accommodations. When you are not
there, you have the option of renting your home for short term visitors...
and can even profit from your ownership. In most cases financial aid is
available for purchase. Families are not burdened with monthly expenses
which are in many cases covered by an individual's Social Security or
pension income. Economies of scale, of design and construction, while not
being skimpy, are employed to afforded all the benefits of quality life.Let us discuss your or your family's special needs or wishes. Call us at 1 919 741 5113 or e-mail us with your questions and concerns. We are available to provide individual attention.
ABOUT US
We are a family business with members who have been in the Teaching, Care and Hospitality business for an accumulated 35 years.
All About
Be a builder. Solve
your own housing needs and serve others at a profit.
For A Shared Future
There are some very attractive features in Shared Ownership or more technically called: Fractional Ownership
Fractional Ownership or sometimes called Shared Ownership
Also called Private Residence Clubs
The Owner has a Title
to the Property
Not a Time Share
Not a Condominium
Not a Cooperative
The best of all without
any of the bad features
A New Way to Own a Retirement Palace or Vacation Home
For the Select Few: Full time Fractional Ownership of retirement or vacation homes, is a relatively new concept that allows you to enjoy 3 to 12 months of home ownership privileges per year at an upscale, luxury resort but at a fraction of the cost of whole ownership.
If you want to own an impressive second home complete with personalized services and located in an expensive resort area but can’t quite justify the expense because you’ll only be using it a few weeks or months of the year, this type of real estate arrangement may appeal to you.
Amenities Galore
Most Private Residence Clubs offer extensive amenities. These may include an extravagant clubhouse and spa, plus five-star hotel services, the kind you couldn’t expect to have in a wholly-owned vacation home, high-end condo or timeshare.
Routine or Scheduled Services
Imagine this: You are going on vacation and you call ahead to the staff at your private residence club home. At your request, the staff shops for your groceries, dry-cleans your clothing, makes your restaurant reservations, heats your private splash pool, and places knick-knacks and favorite pictures of family members around your residence. You are met at the airport by a staff person who shuttles you to your home where a just-detailed automobile is sitting in available for use or you you might have your own private car there if you prefer.
Get the picture? Private residence clubs are NOT your ordinary Retirement, Vacation or Second home.
Outstanding Locations
Fractional Ownership or residence clubs have sprung up in exclusive, world-class resort destinations worldwide. St. Thomas, Virgin Islands, Puerta Vallarta and Mexico are popular locations. La Turquesa is exclusive and offers the personal services but YOU are in control. Each service schedule is designed by you with a capable and willing courteous staff.
In the U.S., the first Fractional Ownership Facilities were in major ski areas out west, particularly Colorado where real estate was so costly that wholly-owned second homes were out of the question for most people. Eventually they spread to northeastern ski areas. Since then Fractional Ownership Facilities have begun appearing in golf-oriented communities like Hilton Head Island, South Carolina and popular beach states like Florida.
Management by a Gold-Star Company
The key to the success of fractional ownership centers their professional management. La Turquesa is managed by a staff trained and experienced worldwide at first class resorts.
Hassle-free Ownership
Part of the appeal of Fractional Ownership Facilities is that they are completely hassle free. That DOES NOT MEANT that your personal tastes and desires are missing form the unit or the activities or by the management. In addition to having a staff for personalized service at your disposal, at a private residence club you never have to worry about repairs, maintenance or housekeeping as you select. Everything is included in the price and annual fees and taken care of by the professional management company.
Appreciation Potential
To date there have been very few fractional resort developments. The demand is high. As a result, it is likely there will be substantial appreciation, rather than the depreciation that usually occurs with timeshares.
Real estate experts say that the outlook for investment appreciation appears excellent. You can expect at the very least an appreciation parity against other real estate in the resort area in which the fractional is located.
Prices
To buy a fractional, you pay a one-time purchase price and then a yearly upkeep fee that covers all of the expenses associated with property ownership and its use and services.
What do fractional units cost? At Turquesa the price for a full ownership is $100,000 dollars. Prices vary based on the size, amenities and location of the individual property and ultimately determined by the season or seasons you purchase. Elsewhere most are in the $100,000-$500,000 range. Keep in mind that these are truly top-of-the-line units that would cost you two to five times as much if purchased outright as wholly-owned vacation homes.
Comparison of Fractional Ownership to Timeshares
How do Fractional Ownership Facilities compare with timeshares? They really don’t. Fractional Ownership Facilities are far more exclusive and include many more luxury amenities and services than timeshares. They tend to be larger homes, usually two or three to five bedrooms. Timeshares usually allow you use for just one to two weeks per year. Fractional Ownership Facilities offer from two to 13 weeks, and those don't necessarily have to be consecutive weeks. Pick the weeks you want. With regard to financing, obtaining a bank or mortgage company loan on a timeshare is difficult. Rates are high, regardless of how good your credit. That's because it’s a well-known fact that most timeshares depreciate over time. Conversely, banks and mortgage firms consider Fractional Ownership Facilities to be appreciating assets and will often treat them like any other second-home purchase.
Why do Fractional Ownership Facilities tend to appreciate while timeshares usually depreciate? There are a couple of reasons. With Fractional Ownership Facilities, more of the buyer's dollar goes to high quality finishes and "bricks and mortar" vs. sales commissions which can be as high as 40%-50% with timeshares. Furthermore, timeshare values have historically been poor because of the large number of units up for resale on the market, not to mention a continuous stream of new developments. The fact is the secondary market for timeshares has never really developed.
Conversely, there are a limited number of Fractional Ownership Facilities on the market. Most likely, that number will stay small because Fractional Ownership Facilities are built in only the very best, most highly desirable locations. Therefore, demand outpaces supply and results in property appreciation. Comparison of Fractional Ownership Facilities to Condo Hotels
Fractional Ownership (Private Residence Clubs) differ from condo hotels in that you have a set amount of time when you can use your vacation home. Condo hotels are in fact, condos located within hotels. You can use your unit whenever you want, and place it in the rental program when not using it. Fractional Ownership Facilities do not offer rental program participation.
Fractional Ownership Facilities tend to be larger than most condo hotel units. Most Fractional Ownership Facilities offer three to five bedrooms, while most condo hotel units are studios, one bedrooms or two bedrooms. Currently, most condo hotels are located in Miami and other surrounding cities in South Florida. Fractional Ownership Facilities are most prevalent on the West Coast, particularly in ski areas. However, both types of real estate are rapidly gaining popularity and soon there will likely be more of a supply across the country to meet the growing demand.