ML - Vegas Magazine

2014 - Issue 1 - Winter

Vegas Magazine - Niche Media - There is a place beyond the crowds, beyond the ropes, where dreams are realized and success is celebrated. You are invited.

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This compound at 6860 West Rome Boulevard comes complete with three barns and an orchard. Haute Property NEWS, STARS, AND TRENDS IN REAL ESTATE Horse Sense FORMER VEGAS RANCHES THAT HAVE BEEN TRANSFORMED INTO INCREDIBLE EQUESTRIAN ESTATES DON'T COME ON THE MARKET VERY OFTEN, BUT WHEN THEY DO, HORSE FOLK TAKE NOTE. PHOTOGRAPHY COURTESY OF SHAPIRO & SHER BY TONY ILLIA B efore the neon lights and imported palms arrived, Las Vegas was a ranch town, settled by entrepreneurial farmers who consolidated the plots left by the Mormon pioneers of the 1850s. When Vegas became a stop on a new railroad line in 1905, lots began selling—in a scenario similar to that of the boom years of the early 2000s—to wealthy speculators from Los Angeles. But Las Vegas's grand ranches, now mostly in the northwest part of the city, never disappeared. These highly desirable plots of land, many away from the public eye, occasionally come up for sale. And with the city's resurgence as a rodeo and equestrian hot spot, many of them have received spectacular upgrades—into tony equestrian estates. You need only look at major events like the National Finals Rodeo, held annually in Vegas, to understand the draw. NFR brings such tremendous revenue to MGM Resorts each December that the Mirage redecorates its race and sports book for the tens of thousands of rodeo visitors. Michael Gaughan, owner of the South Point hotel-casino, went a step further, building a permanent 4,600-seat, 1,200-stall equestrian center, with 100,000 more square feet to come in 2014. The following year, Las Vegas will also host the Fédération Equestre Internationale World Cup Finals, an Olympic-qualifying event, which brought more than $20 million in nongaming revenue to the city the last time it was held here, in 2009. continued on page 102 VEGASMAGAZINE.COM 101 101-102_V_BOB_HP_Opener_Winter14.indd 101 1/10/14 10:54 AM

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