ML - Vegas Magazine

Vegas - 2016 - Issue 1 - Spring - Naomi Watts

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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CONTINUED... "There is a finiTe number of properTies in The communiTy, so every sale creaTes even more demand." —mike meldman Why is there so much enthusiasm for building luxury homes in Las Vegas? Rich MacDonald: Most people realize real estate is a good hedge against inflation and that it's a safe place to park your money. Part of the rationale is that they think a nice expensive house is something they can liquidate and get value out of. I believe in that. Bob Barnhart: When you look at the success of Howard Hughes with Downtown Summerlin and you look at the success of the Ridges, and you couple that with Discovery Land Company and look at all that momentum, you're seeing homes turn over and prices increase—2015 was a really good year. What are some of the design elements and amenities driving the market? Mike Meldman: People want homes with the best amenities, but most important is to have places where their families can gather and be comfortable. Generous great rooms, theaters, game rooms, and vegasmagazine.com  115

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