Your home is probably the biggest asset you own. This is why you should hire a professional REALTOR® to guide you. I help 24 to 28 families each year buy or sell a home. I have been a financial & real estate consultant for the past 30 years and specialized in loan loss mitigation, short sale negotiation and REO marketing. I know how to negotiate contracts & navigate through the most difficult transactions.
Chris B Johnson CalBRE 01501699-Allison James Estates & Homes CalBRE 01885684
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Tuesday, July 21, 2015
Moorpark Country Club Estates and Moorpark Highlands Luxury Home Specialist #ChrisBJohnsonRealtor
THE APEX OF LUXURY: A COLLECTIBLE COMPOUND IN MAUI
Featuring the elite listings of Berkshire Hathaway HomeServices Luxury Collection
A tropical oasis designed by famed architect Richard Young, this beautiful 3-bedroom, 4.5 bathroom estate—located on more than half an acre in West Maui—is a true collectible.
This estate is nothing short of an oceanfront gem, bordered on three sides by more than 200 feet of shoreline.
The Alaeloa Point Residence is located in The Hale Malia, a six-home gated enclave, Maui’s finest retreat resort community, and sits on a secluded point offering not only spectacular views North, South and West but also unparalleled privacy.As you enter the gated property, you’re greeted by a beautifully landscaped courtyard. Just beyond the courtyard is the estate itself, made from Cedar, stone, glass and Pearl Harbor coral.
The home was built to flow seamlessly into its surroundings, designed to resemble traditional Hawaiian 19thcentury architecture.
It also features a detached 2-bedroom, 1-bathroom cottage, an art studio and a heated infinity pool, the perfect place for whale-watching or to take in a spectacular Maui sunset, relishing the island life from your very own slice of paradise above the shore.
59 Hale Malia Place, Lahaina, HI 96761 is listed by Alex Iskenderian of Berkshire Hathaway HomeServices Maui Properties. Email Alex@Maui.net or call (808) 280-7061 to schedule a visit.
There has been much talk about homeownership and whether it is a true vehicle for building wealth. A new report looks at the impact owning a home has on the financial wellbeing of people closing in on their retirement years (ages 55-64).
1. Middle-class households near retirement age have about as much wealth in their homes as they do in their retirement accounts.
“Over the past quarter century the largest single source of wealth for all but the richest households nearing retirement age has been their homes, which accounted for about two-fifths of net worth in the early 1990s and accounts for about one-third today.”
2. Home equity is a very important source of net worth to all but the wealthiest households near retirement age.
“Home equity is an important source of wealth for middle income households, accounting for more than one-third of total net worth for the second, third, and fourth quintiles of the net worth distribution… The fifth quintile has a much larger share in business equity—almost a quarter—than any other quintile. (The figure leaves out the bottom quintile of households because they have negative net worth. It is likely that these households will rely almost exclusively on Social Security in retirement.)”
Here is an asset breakdown for the middle 20% of Americans determined by median net worth ($165, 720):
Obviously, the data again proves that homeownership has a big role in building wealth for American families.
With watering restrictions in effect in much of the western United States, drought-tolerant landscaping is the new norm. Elsewhere, it’s still a good idea, as water is a precious resource to be conserved even where it is abundant. There is a lovely arid look that gardeners have come to associate with drought-tolerant plantings, but it’s also possible to achieve a lush look without much irrigation. It’s just a matter of choosing the right plants and designing the landscape to make the best use of available moisture.
Look to arid landscapes for inspiration. Gardeners normally think of ferns as moisture-loving plants, but there are many species that can be found in dry habitats.
Western sword fern(Polystichum munitum,USDA zones 3 to 10; find your zone), shown here, grows in the forests of the West Coast, where rainfall is virtually nonexistent for six months of the year. It stays deep green nonetheless, pushing out fresh new fronds each spring after the winter rains. Its East Coast equivalent, Christmas fern(Polystichum acrostichoides,zones 3 to 8), is also quite drought tolerant.
Palm trees are another group of plants that create a lush, tropical vibe, yet there are many species with very low water needs. Any of the dozens of palms that are native to desert areas are a natural choice. Most fan palms —a generic name for species with broad fan-like leaves — tend to be drought tolerant. Fan palms are also among the cold hardiest palms. Here are a few with excellent drought tolerance:
California fan palm (Washingtonia filifera,zones 8 to 11)
Mediterranean fan palm (Chamaerops humilis,zones 8 to 11)
Chinese windmill palm (Trachycarpus fortunei, zones 8 to 11)
Mediterranean plants are generally a good bet for drought tolerance. On their own they create an arid look, but some have an incredibly lush feel and can easily be slipped into other planting schemes. Blue-gray foliageis one of nature’s signs of a plant with low water needs, and those plants can be employed to create a cool, soothing tone in the landscape.
Powis Castle artemisia (Artemisia ‘Powis Castle’, zones 6 to 8), pictured here, is one of those plants. Its lacy leaves have the texture of silk and emit a heady aroma when you brush up against them.
Another sign of drought tolerance in the plant kingdom is hairy leaves. Lamb’s ears (Stachys byzantina,zones 4 to 9) is a classic example. A low-growing, spreading plant, it makes a lush carpet with virtually no irrigation required. Use it as a ground cover, a filler or edging.
Plants with rhizomes, corms and tubers are well adapted to drought. Cactuses and succulents store water in their leaves, but many other species are adapted for storing water underground. Many bulbs burst from the ground in early spring when it is cool and moist, and then go dormant for the rest of the year. Others, such as the comfrey plant (Symphytum officinale,zones 4 to 8), shown here, have thick, fleshy roots that penetrate deep into the subsoil and provide moisture to the leaves during dry periods. Comfrey has some of the largest, lushest leaves for a plant of its size — when it’s grown in the shade, the leaves can reach 2 feet in length.
There are few plants that possess such a deep shade of green as monkey grass (Liriopespp), shown here. Astoundingly, it stays that lush with little to no irrigation (especially when planted in the shade). It’s not a grass at all, but a tuberous plant in the asparagus family, with dainty purple or white flowers in spring. L. spicata can be highly invasive in some areas, but L. muscari is a well-behaved clumping plant that can be used without fear of its escaping into the wild. It is hardy to zones 6 to 9.
Along with palms, bamboo is another large group of plants associated with lush, tropical landscapes that actually includes many drought-tolerant species. This is largely a result of their rhizomatous growth habit — bamboo has underground stems that store water for times of low rainfall. The most drought-tolerant species are those with a clumping habit, as opposed to the running varieties that give bamboo a bad reputation as an invasive plant. Clumping varieties have deeper root systems.
Shown here are the bulbous canes of Buddha’s belly bamboo (Bambusa tuldoides‘Ventricosa’, zone 9), one of the most drought-tolerant species available. It eventually grows to a height of 50 feet with 2-inch-diameter canes.
Design your landscape as a sponge. There are many ways to make the most of every drop of rain that falls. Note how the downspout in the top-right corner of this photo routes water directly to a planting of Sprengel’s sedge (Carex sprengelii, zones 3 to 5) and rushes. These plants grow naturally at the edge of wetlands and are accustomed to oscillating between wet and dry conditions. Their lush foliage obscures the swalethey are planted on.
Rain gardens are based on a similar principle of grading the earth into a basin that collects rainwater. The rainwater percolates into the soil, rather than running off and leaving the landscape dry and the roots thirsty.
Adding copious quantities of compost and other forms of organic matter to the soil prior to planting helps create a more sponge-like growing medium that holds water long after the last rainstorm. Also, remember that virtually all plants need irrigation for the first two years after planting — drought tolerance develops once the roots are well established. Finally, a thick layer of mulch around any planting slows the loss of soil moisture from evaporation and helps to keep things looking lush.