The Residence Club Concept

The Residence Club at El Corazon de Santa Fe is owned by you and your fellow owners, and operated exclusively for your enjoyment. You receive a real estate deed conveying a one-eighth undivided, deeded interest in an El Corazon residence, as well as an interest in the clubhouse and common areas. Your ownership can be sold, willed, deeded or placed in a trust, just like any other form of real estate.

However, unlike conventional real estate, El Corazon ownership provides exclusive privileges and an elite location—just a short stroll from the Plaza—all at a fraction of the cost of traditional ownership. Even better, you never have to worry about the usual hassles of vacation-home ownership, El Corazon handles all the maintenance and upkeep for you. El Corazon de Santa Fe is yours to enjoy whenever you like, as often as you like, in accordance with generous reservation policies.

What the Experts are Saying….

Steve Dering, Pioneer of the Private Residence Club Concept

Dering believes there are multiple reasons why Private Residence Clubs will be the first to rebound.

“Affluent households will always want a vacation home,” Dering said. “Research shows it's second only to college educations for their children as the most desired, big-ticket discretionary expenditure.”

“Residence club owners buy only what they need,” Dering noted. “We build one residence and satisfy eight families rather than building eight residences that would sit empty 70% of the year. We eliminate waste and have owners who feel they made the right financial and environmental decision.”

Dr. Richard Ragatz, Real Estate Expert

The luxury fractional segment of the vacation home market will be the first to rebound from the current real estate morass, according to Dr. Richard Ragatz, well-known real estate researcher.

“The fundamentals of the vacation home market have changed,” Ragatz stated. “The days of buying a three-million-dollar house on the beach or at a ski resort with the expectation of 20% annual appreciation are gone for the foreseeable future.”

“The financial crisis has affected every part of the real estate market,” Ragatz said. “But I believe, in the long term, recent events will enhance the attractiveness of the high-end fractional products as compared to whole ownership.”

Sun Trust Bank, Spending Survey

In today's economy consumers are tightening their belts and spending less. Yet in an effort to keep the same quality of life, they are learning to spend smarter. Atlanta's SunTrust Bank recently surveyed consumer attitudes towards spending. Their conclusion:
  • Nearly 80 percent of those surveyed would rather be envied for spending wisely than for spending freely
  • 83 percent believe it's not about how much money you have, it's about what you do with the money that you already have
  • Eight in 10 believe that while having more money won't necessarily make you happier, feeling in control of the money you have will increase happiness

Fractional, Deeded Real Estate

Starting at $130,000*

Call us today at 866.721.7800

Financing and Preview Stays Available