Views of Vallecito in early Fall |
I closed on the property that includes
a 2200 sq ft, 2 story house with 3 bedrooms, 1 1/2 baths and a huge basement along with 7 summer cabins on Lake
Vallecito NE of Durango, Colorado on Friday, October 9th. It's a
beautiful spot and Kent and his daughter Sarah and Reid and my mom
and stepfather all came up to see and experience it with me for a few days.
The fall colors and lovely weather brought big smiles to all of our
faces. We have lots of ideas about what we can do to improve the
property for our own use and for potential rental income. However,
I'm here by myself at the moment. Kent and his wife Lydia need to
sell their house before they can move up from Houston and partner
with me on the project. Reid has his job in the Silicon Valley and a
pending custudy case which will hopefully be resolved by the end of
this year so we're all in a holding pattern.
While I got a fair price with my cash
offer on the property, I don't want to invest any more money into
improvements until after Kent and Lydia can move up and help and
until after the winter season passes to ensure my thin Texas blood is
up for the challenge. I'm six months into my sabbatical and am
excited to see how this new endeavor works out.
Six of the cabins are furnished with
passable furnishings, dishes and appliances as long as renters are as
mesmerized by the lake and mountain views and don't look too close.
My mom said, "Trina they've been rented for the past 50 years in this
condition, there will probably be people who'll be happy to rent them
just the way they are." I'm not so sure. I need to do a market
analysis on Airbnb and/or VRBO in order to see what other cabins in the area look like and the
rental prices. My understanding is that May-October is busiest with
many businesses closing down in the fall and winter while some do a
marginal business up to the first of the year then wait until the
snow melts to get back into full swing again.
I've found that it's like stepping back
in time here. I discovered that one of the cabins has a TV with a
VHS player. There is no TV reception but I'm assuming the player
works---I just didn't know VHS tapes were even still
available.....but it appears they are in this part of the world
anyway.
I met my neighbors across the street
who run the Pine River Lodge. Others in the area call the women who
run the property “the sisters” since it's a family run operation
lead primarily by two sisters Donna and Debbie both in their sixties.
Their family has been operating the lodge for at least 50 years so
they have lots of stories to tell and they seem to be quite helpful
about what works and what doesn't work. Right now, my life feels
like an episode out of the old Green Acres sitcom or perhaps the
sitcom that Bob Newhart starred in when he and his wife ran an old
New England Inn and had frequent visits from brothers who were both
named Darryl.
I asked Donna if anyone does yoga in
the area and she said some women get together for Tai Chi once a
week. She gave me the name of the woman to contact to learn more
about it. I asked if I should “google” her phone number but
Donna said no, I can find the number faster than that. She opened up
a local phone book. I haven't seen anyone use one of those in years.
She didn't find the number there so she called the local country
market and asked the owner for the number. It turns out this was
faster than I could have found the number on Google. That's because,
I've discovered, that a fast internet connection will be out of the
question in this area. Currently, I can't make or receive calls on
my iPhone with my AT&T service. I've spent hours researching
internet, phone, and TV options and hope that the Century Link land
line, Verizon jet pack for internet and the DirecTV bundle will work.
I didn't think I'd ever be buying a cordless phone again but it may
be the only phone service I can get here.
People ask me if I plan to live here
full time. I'm honestly not sure if I will make this my home or if
it will become investment property where I visit on a regular basis
while I give the Silicon Valley a try with Reid.
I'm happy to have such a lovely place
to call home right now as I winterize the Navi for safe keeping and
try to decide what to do with myself and the property in preparation
for the first snowfall. Kent brought my Jeep up from Houston but I'm
told I'll need a four wheel drive for the 7700 foot elevation in this
part of Colorado. So, I'm thinking about trading it in for another
used vehicle with the proper equipment for this area.
After 3 days of chasing my tail with
internet and cell phone issues and the 20 mile (30 min) drives into
Durango to take care of business that I'm so used to handling on the
Internet, I got home tonight before dark and decided to tackle
pulling up the 18 year old stinky, shag carpet in the den of the
house. If I'm going to have my furniture shipped up here or if I
find furnishings nearby, I'm going to have to replace that before it
will feel inhabitable to me. Right now, I'm living in one of the
cozy,one room cabins near the house with my Navi sitting nearby. The
belongings that came with me on this trip are now divided between the
Navi, the house, and the cabin. My goal this week will be to get
what I need out of the Navi so that I can winterize it and put it
under cover somewhere close before it starts to snow. I have a
neighbor who has a large covered area that I'm hoping I can use (I'm
waiting to hear back on my request). I'm told that if it works out,
the Navi will be snowed in for the winter so there will be no
escaping in it until the spring.
So many decisions to make but what a
beautiful part of the world to do it in.
Congratulations, Trina!! It looks like you have found a wonderful respite. You have been on my mind a lot recently. Let's catch up soon. It sounds like it will be land-line to land-line, rather than Skype this time. 😃
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