{"id":17950,"date":"2024-12-03T08:21:52","date_gmt":"2024-12-03T15:21:52","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=17950"},"modified":"2024-12-03T08:21:55","modified_gmt":"2024-12-03T15:21:55","slug":"why-the-valley-is-the-next-hotspot-for-luxury-real-estate-investment","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/in-house-news\/why-the-valley-is-the-next-hotspot-for-luxury-real-estate-investment","title":{"rendered":"Why The Valley is the Next Hotspot for Luxury Real Estate Investment\u00a0"},"content":{"rendered":"\n<p>From serene homes nestled in the shadow of Camelback Mountain to cutting-edge luxury developments offering world-class amenities, Arizona is emerging as a premier destination for real estate investment. Alanna Mann, president of <a href=\"https:\/\/statesmanusa.com\/\">The Statesman Group<\/a> and developer of <a href=\"https:\/\/www.theluxecondoliving.com\/\">The Luxe at Desert Ridge<\/a>, sheds some light on what makes Arizona the new frontier of luxury real estate investment.\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot.jpg\"><img  loading=\"lazy\"  decoding=\"async\"  width=\"690\"  height=\"1024\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-17951 pk-lazyload\"  style=\"width:382px;height:auto\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 690px) 100vw, 690px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot-690x1024.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot-690x1024.jpg 690w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot-202x300.jpg 202w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot-380x564.jpg 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot-80x119.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot-54x80.jpg 54w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081803\/Alana-Mann-headshot.jpg 710w\" ><\/a><figcaption class=\"wp-element-caption\">Alanna Mann. <em>Photos courtesy of The Statesman Group<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p>The Valley has become a magnet for affluent buyers with its stunning desert landscape and investor-friendly policies. Mann emphasizes that the state\u2019s enviable weather significantly affects its appeal.<\/p>\n\n\n\n<p>\u201cArizona offers breathtaking sunrises, sunsets, and minimal natural disasters. As a Sun Belt state, Arizona attracts baby boomers who hold the largest share of wealth in the United States,\u201d Mann said.\u00a0<\/p>\n\n\n\n<p>Communities like The Luxe at Desert Ridge cater to this demographic. With locations in North Phoenix and Scottsdale, The Luxe is a premier community that offers exquisitely designed condominiums priced at $950,000 and above with state-of-the-art amenities, security, and underground parking. The condos include multi-seat movie rooms, luxury wine rooms, outdoor kitchens, infrared saunas, and more.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75.jpg\"><img  loading=\"lazy\"  decoding=\"async\"  width=\"1024\"  height=\"576\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-17952 pk-lazyload\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-1024x576.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-1024x576.jpg 1024w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-300x169.jpg 300w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-768x432.jpg 768w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-380x214.jpg 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-800x450.jpg 800w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-1160x653.jpg 1160w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75-80x46.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081856\/TheLuxeGarage-75.jpg 1500w\" ><\/a><\/figure>\n\n\n\n<p>\u201cLuxury condo buyers prioritize indoor and outdoor living spaces, gourmet kitchens, amenities, and services,\u201d Mann said. \u201cThose are the top three demands for luxury condo living that I&#8217;m seeing.\u201d<\/p>\n\n\n\n<p>Arizona&#8217;s lifestyle adds another layer of allure for luxury buyers and investors.<\/p>\n\n\n\n<p>&#8220;Arizona is the second fastest growing state in the nation and is also a tourist hotspot averaging more than 45 million secondary, vacation, and vocational visitors annually, bringing billions into our state economy,&#8221; Mann said.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23.jpg\"><img  loading=\"lazy\"  decoding=\"async\"  width=\"1024\"  height=\"683\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-17953 pk-lazyload\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-1024x683.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-1024x683.jpg 1024w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-300x200.jpg 300w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-768x512.jpg 768w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-380x253.jpg 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-800x533.jpg 800w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-1160x773.jpg 1160w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23-80x53.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2024\/12\/03081902\/South-Pool-Image-4.23.jpg 1500w\" ><\/a><\/figure>\n\n\n\n<p>Luxury rental properties are thriving, with long-term rental rates reaching $3 to $5 per square foot. The state&#8217;s lower taxes and affordable living expenses enhance its attractiveness, and a new policy that eliminates rental tax starting January 1, 2025, will further benefit investors. Mann also observed shifts in buyer priorities. Indoor\/outdoor spaces, top-of-the-line kitchen appliances, and added amenities are reflected in high-end development communities, which embrace a modern luxury lifestyle.\u00a0<\/p>\n\n\n\n<p>While Mann hints at exciting future projects from The Statesman Group, specifies remain under wraps. One thing is sure: Arizona is primed to lead the next wave of luxury real estate with its blend of lifestyle and economic advantages.&nbsp;To learn more about The Luxe at Desert Ridge, visit <a href=\"https:\/\/www.theluxecondoliving.com\/\">theluxecondoliving.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"From homes nestled in the shadow of Camelback Mountain to cutting-edge luxury developments, Arizona is a premier destination for real estate investment.\n","protected":false},"author":22,"featured_media":17954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[1648,2273,174,2379],"class_list":{"0":"post-17950","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-in-house-news","8":"tag-featured","9":"tag-phoenix-real-estate","10":"tag-scottsdale-real-estate","11":"tag-the-statesman-group","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why The Valley is the Next Hotspot for Luxury Real Estate Investment\u00a0<\/title>\n<meta name=\"description\" content=\"From homes nestled in the shadow of 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