Sunday, June 28, 2009

Welcome Home … It’s good to be back in Baja!

I remember in my Grade 12 graduation scrapbook, I wrote “you can do without people, but you can’t do without friends.” I had no idea what that meant at the time, but it is becoming clearer day by day as I approach middle age (okay … the number is relative!) and life in Loreto Bay. For those of you that understand … you will smile; for those that don’t … you are not old enough!

It was a whirlwind vacation that I can’t wait to share with you during the quiet of summer, but it is good to be back in Baja. I flew last minute from New York to San Jose Del Cabo for $213 USD including tax. Amazing, why I don’t get out more often!! Lots of construction happening in Cabo, but for me it was a pit stop to go to La Paz to meet the Notario #13 Nancy Hevia for signing Loreto Bay closing documents.

Nancy is a very good friend of mine, and it was great to catch up. Notarios in Mexico are similar to Judges in the USA. They remain neutral parties at all times and their role is to protocolize transactions and guarantee their security. There are only 19 Notarios in all of the State of Baja California Sur, and every corporate, real estate, and commercial transaction must go through them to be valid.

I met up with Elizabeth Maldondo of Loreto Bay Company, whom I have worked with for several years. She is one of the most organized people that I know and now is thinking of starting a settlement company, which I fully support. Elizabeth is Mexican but grew up in the USA and has the best of both worlds.

I took the public bus from La Paz to Loreto because there is no other mode of transportation available. It was a mere 410 pesos, but took 6.5 hours. It wasn’t bad once we got out of La Paz, which took 2 hours to make 4 stops during rush hour. The bus was clean and they showed movies in Spanish. It is what it is, and the first time is a little anxious. Everyone was very courteous and friendly and it was hassle free.

It is so quiet in Loreto Bay at the moment, a real ghost town. There are people in residence, but they are hiding inside from the heat. It is easy to be complacent and pretend that the situation is not as bad as it is, but that only prolongs the pain. I commend the people that have worked tirelessly on behalf of the Condominium Regimes over the last couple of weeks. They have stepped up and made decisions on behalf of us all that will only benefit our investment and dream. I appreciate all the passion, commitment and unity that our neighbors have shown. Thank you.

Baja BOSS Property Management has now secured our office at FN411 in Loreto Bay. This is the first house on the left hand side next to the golf course as you enter from the construction entrance near the INN at Loreto Bay. We were moving today and very excited to be operational July 1st… a milestone day for me personally as it is my 3 year anniversary on this incredible journey.

Our hours will be 9 am to 5 pm Monday to Friday; and 9 am to 1 pm on Saturdays. For emergencies or off hours, our clients will have our cell phone numbers and we will be available 24x7. Drop by at FN411 and say hello to Daniel and myself … we look forward to seeing you again.

For those custom lot owners and AV owners, we are offering a special program for 600 pesos (approximately $45 USD) per month. This would give you all bill payments (bank trusts, property taxes, electric, etc) and having us available for concierge services and advice. We only check your home once a month; however you can add on cleaning, general maintenance, and hurricane services upon request. Depending upon the status of your home this may be sufficient. This gives you the comfort on knowing there is someone on the ground looking after your interests, without the full service package of weekly inspections, landscaping, pest control, etc.

I am now back in Loreto and back to work … feel free to call me at 602 628 2920 to discuss your property management or real estate questions or concerns. I look forward to hearing from you.

Have a great week!

Miss Nellie

Wednesday, June 24, 2009

Baja Boss versus Bahia Management … Competition is Good

Reporting to you live from New York City ... I was very pleased to see Bahia Management’s email yesterday quoting reasons why you should be using them. Competition is good and at the very least I am forcing the old Loreto Bay group to re-evaluate their costs by quoting in pesos and offering more personal services.

Rodolfo and his team, Jenny, Dahir, Arturo and Ramon, are all hard workers, and if you had responsive service at a good value, then they have nothing to worry about. There is enough business for everyone, including the several Independents now doing Property Management.

Many of you know me personally, and have watched me stand up for the homeowners throughout the years. My tenacity and integrity for doing what is right outweigh my ambitions. I could have quietly started a property management company taking on 50 homes and gone under the radar just like the Independents. Our prices and services are competitive, and really no different than what others are promising.

However, when I realized that Bahia Management could very well be the same type of monopoly organization than LBC was famous for, I simply had to force the issue and give homeowners a choice. Was I wrong? Is this a thankless task? I don’t think so.

There are two main differences between us and Bahia Management. Firstly, Baja Boss does not handle income for short term rental program, as we do not believe it will be economically feasible in the next 12 months. We can make reservations, clean and prepare the unit with hotel type toiletries, and offer concierge service to you and your guests, at no additional service fee other than the normal cleaning and supply costs. Bahia Management will handle receipt of funds, deduct their service fee and tax withholdings, and submit the net proceeds to you.

Secondly, we do not assume your voting rights at the SubRegime Annual General Meeting where budgets and committees, along with rules affecting the entire development are passed. We will attend these meetings at no additional cost to represent your vote; however, it will be with your instructions. Bahia Management’s contract appoints them to attend all meetings and exercise their vote “to preserve the reputation and value of the Property and of the Condominium Regime” which could be a conflict position depending upon the shareholders of the Bahia Management and Balandra Management (Condo Services).

Baja Boss Property Management does pay all your bills, including insurance, Bank Trusts, Property taxes, and we offer full services. We came out with a comprehensive Service Price List based on a sound business plan and real operating budgets. I have the advantage of having 3 years on the ground business experience in Loreto, with my own resources and capital. I have had to pay rent, telephones, maintenance men, advertising, salaries and benefits, without any support or backing from Loreto Bay Company.

It will be interesting to see how it plays out, but I am committed to this endeavor and Loreto. We now have enough homes to commence as of July 1st, and look forward to getting started. This is another decision and/or hurdle for the homeowners to get through, but at least this is not written in LBC stone. If you choose a service provider and are not happy, you can always change in a few months. Baja Boss only requires one full calendar’s months notice should you wish to terminate your services agreement. Competition is good for all.

I am having SO much fun, but alas will be leaving the BIG APPLE to fly to Cabo San Lucas tomorrow so that I can be in La Paz to sign documents Friday before there are no more authorized signatories available for TSD Loreto (Loreto Bay Company). When something needs to be done, or people are counting on me, I do whatever is necessary, including cutting my vacation short.

I will be back in Loreto this weekend … in case you are wondering Where In the World Is Nellie!

Sunday, June 21, 2009

Happy Father’s Day to Dads Everywhere!

Best Wishes and a great day to all men who have shown kindness, offered support, and made a small but significant difference to children’s lives along the path of growing up and life.

I cannot think of any need in childhood as strong as the need for a father's protection. ~~By Sigmund Freud (1856-1939)~~

This week I vacationed in Seattle, New York and now Halifax (Canada), but that is another story for a less anxious time. Being removed and away from the day to day naval-gazing (useless or excessive self-contemplation) of Loreto Bay is definitely a recommended mental health break. The few of us that live there most of the time (about 20 great people) all become beacons for those that dream one day of doing the same.

I remember before I had my house finished, we talked of cool drinks and parties, community and neighbors. We did that for a while and had many good days. It was nice to make new friends and learn about their interests, travels, and family. Now the conversation almost always turns to Loreto Bay, the good, the bad and the ugly. I look forward to those happy days again when these uncertain times are behind us, and we can laugh at ourselves and celebrate a hassle free existence in this sleepy little paradise.

Before, I get onto business and my latest views on what is transpiring I want to take this opportunity to wish all men a Happy Father’s Day and hope you all are enjoying and celebrating the special person called DAD!

What a week! Emotions were high and sensibility took a back seat to the confusion coming to a climax this week in Loreto. Homeowners, investors, and interested parties watched while the story unfolds like broken fragments before our eyes. Other than the one day barricade set up by the construction workers in and out of Loreto Bay, things seemed very quiet and peaceful on the surface.

Most of the homeowners have now received my FAQ on Baja BOSS Property Management Services. We are setting up to be a full service agency to provide premier services to those homeowners that consider this to be their second home and want the home in prime condition along with personal concierge staff services.

Daniel and I, along with Roberto (Concierge) and a small staff of maintenance men and housekeepers, will be located on the paseo in Loreto Bay. We will be very hands on while we learn efficiencies of scale and what services the customer truly wants. This process we will learn together and we have the flexibility and versatility to make things happen quickly. After this initial tropical storm and transition of security period is over, we will review the option of less frequent inspections and/or other services requested.

With Bob Toubman’s (Condo Association Administrator) recent announcement yesterday that:

The Master Condominium Regime Committee and each of the Subcondominium Committees have unanimously approved the transfer of authority as Administrator to a new Condominium Regime Management Company named Balandra Management. This company is led by me and will be staffed by the existing Condo Management team in place at the current time. This company will replace the Loreto Bay entity Loreto Condominium Services. Bank accounts for the new company are expected to be open early next week.

Baja Boss Property Management will include as part of their service at no additional cost, the payment of monthly Home Owner Association Fees and the Security fee. It is my opinion that the Condo Association Management Company should be an arms length third party representing the homeowners’ interests before their shareholders or employees. By paying only authorized assessments and attending at the meetings with the homeowner’s vote, we can ensure that all information regarding upcoming changes are relayed as soon as they happen and things do not slip past while most homeowners are too busy to pay attention to all their emails. This is what we do … look after all your interests, not just your home.

The property management services themselves are fairly straight forward. In reviewing our Services Price List, you will find our ancillary costs for landscaping, pest control, air conditioning maintenance, and housekeeping to be much lower than previous charges set by Loreto Bay. With my three years of living in a Loreto Bay home full time, and Daniel’s hotel management of the Whales Inn and being Mexican, we understand what truly needs to be done and the most expedient way to accomplish it.

Competition is good and no matter which you property manager you choose at this time, it is good to know that there are other options and competitive services available.

I will be back in Loreto sometime next week and full time over the summer. See you soon!

Miss Nellie

Friday, June 19, 2009

BAJA BOSS Launches Property Management Program

We are pleased to launch our Property Management Program and thank everyone for their support. We believe we can start with 70 clients and that over time, our reputation and services will allow us to continue to grow and be an intrical part of this community. Daniel Leal will be the Operations Manager and oversee all responsibilities on a day to day basis.

We are very happy to welcome Roberto Gonzalez, who continues from his role at the INN at Loreto Bay as our Lead Concierge offering excellent customer relationships with our many friends. Many of you know VerĂ³nica Salgado from the INN front desk,who will be our Office Administrator and looking after client invoices and bill payments.

Our housekeepers will be full time and in house. They have proven experience in meeting North American standards, and completely trust worthy.

Our property Inspectors are experienced maintenance men who can recognize small problems before they become large headaches. They are resourceful and take great pride in their work. When they see a light bulb burnt out, or a drain clogging, they can fix it immediately without the need of calling another team to quote, and then gain access on numerous occasions to repair. We keep it simple. The Inspector who sees the problem, can repair the problem, or they know enough who the correct tradesman is to fix it.

Desarrollo Chula Vista Landscaping Company will be taking care of gardens, irrigation systems, fountains, and pest control. Many of you know Juan Sais, formerly of Viverio Los Cabos. Juan was part of the initial team that finished all the common areas. Juan is taking this opportunity of starting his own company and providing competitive value to continue working with the many homeowners.

We have emailed out our Property Management FAQ and Services Price List. If you have not received it today, email nellie@bajaboss.com and we will send to you right away. Some sample questions are:

What Services does BajaBOSS offer?

We are a full service Property Management Company for all your residential needs Loreto Bay. Our itemized Services Menu includes landscaping, pest control, air condition maintenance, hurricane preparation and post cleaning, housekeeping, groceries, and concierge service for you and your guests. In addition, we have programs for Aqua Viva and custom lot owners with homes still under construction.

What is a Sample Cost of per month?

For a furnished Casa Chica, the average total property management and maintenance fees would be approximately $3000 pesos (@ 13.3 = $225 USD)
Property Management fee - 1300 pesos; Landscaping - 450 pesos; Cleaning - 500 pesos; Cost of Electric and Water bills for vacant home - 750 pesos


Does BajaBOSS Rent Properties?

We currently do not have a Short Term Rental Program, as we do not believe there will be a demand for this service for quite some time.

However, we can assist with scheduling your guest visits should you wish to rent on your own; and we will handle long term leases (more than 6 months). Should you wish to rent your property through a Rental Manager, we can still handle your property management requirements.

Our objective is to operate our services similar to a hotel service. We will schedule the home stays of owners and their guests and ensure that the home is fresh and the visit is hassle free. Whether you are coming for a few days or for a long term stay, we will take care of you and your home.


I look forward to hearing from you. This is a hectic time for me to be on vacation and now I am in Halifax, Nova Scotia on the Atlantic Coast, but I will be back in Loreto full time before the end of June. Where in the world is nellie, eh?

Wednesday, June 17, 2009

Loreto Bay Updates … Project Manager for AV Construction now decided

There are so many meetings and negotiations going on right now, the anxiety on the surface pales by comparison to the frenzy going on behind the scenes. Life as part of the core of Loreto Bay means that we cruise along like a duck on the water… another calm sunny day. Meanwhile, underneath the surface our little legs are going a mile a minute and our heart is racing faster than the mind can keep up.

Don’t Worry, Be Happy … don’t you hate it when people say that during times when things seem so unstable? However, the old adage has some merit. It has been confirmed that Fonatur will not allow the golf course to deteriorate at any cost. Pressure has been put on Citi to make sure this does not happen. Our crown jewel will be preserved.

Secondly, there has now been a corporate decision that BECK Construction will oversee the completion of construction for Aqua Viva. BECK has been on the ground for quite some time now and is one of the world’s largest builders. They have the experience building the Loreto Bay Homes and the infrastructure already in place to mobilize by Friday.

This late breaking news has just happened and Beck will come out with communications to the homeowners very soon on how things will be handled. I have received many inquiries regarding TCC’s update and since I am not Loreto, I do not have all the information that they do. However, I can say that the information they provide about the contractors leaving is accurate and should not be dismissed. Let’s wait and see what BECK says… after all it is only Wednesday and things happen at lightening speed when they need to.

Thirdly, I have drafted Baja BOSS’s Property Management FAQ and Services List and will be posting the same tomorrow as promised, so people can make decisions this weekend about the management of their homes. If nothing else, we are responsive!!

Until tomorrow… as the stomach turns…

Miss Nellie

Monday, June 15, 2009

ALASKA AIRLINES 48 hour SALE to Loreto, Mexico

Finally, some good news for Loreto Bay homeowners and visitors!

Alaska Airlines has announced 25% off its published fares for travel between June 16, 2009 and October 31, 2009. Some sample fares (before taxes) that I found were:

$452.00 Calgary to Loreto Return in October;

$331.20 San Francisco to Loreto Return in August;

$271.20 Lax to Loreto Return in September;

Use Discount Code:
ECBEACH09
for travel to and from Mexico Beach Destinations
Hurry! Offer expires this Tuesday, June 16, 2009, at 11:59 p.m. (PT)

Book now! Come and see for yourself what is going on and remember how wonderful this place can really be.

By the way, I am in Seattle today and heading towards New York. I will not be back to Loreto until July 1st, 2009, for those that want to see me.

Have a great week!

Miss Nellie

Sunday, June 14, 2009

Random Recollections and Reflections in My Spare Time

Which headline best depicts this image?
1) Swine in the INN at Loreto Bay Pool
2) Entrepreneurs - Time to Sink or Swim
3) Citi Babes deserting sinking ship

I would like to thank all the people who wrote to me in the last couple of days (has it only been 2?) with their support of my new property management company. There has been enough interest generated that we can now move to the next steps of finalizing our services and price list, which will be emailed out and posted here on Thursday, June 18.

It is a little risky to be the first out with actual prices as we open ourselves up to undercutting by the competition. However, competition is good because it keeps prices honest and there is a need to provide better value and services to keep client loyalty.

Baja BOSS Property Management Services will be a full service company and our objective is not only to exceed your expectations, but offer the experience of truly having your own Concierge to ensure that you and your home are well taken care of. Both Daniel and I understand what the client wants instinctively because we have been interacting with them here for the past five years in Loreto. BOSS is the acronym for Business One Stop Solutions and describes not only what we do, but who we are.

Our basic program will offer weekly home inspections, bill payment, and mail delivery. There will be a standard menu of options available including landscape (gardens, fountains and irrigation system), pest control, pool cleaning, A/C maintenance, regular housekeeping and thorough move in/out services, grocery service, etc.

What separates us from the competition is our Concierge Service that manages your stay in Loreto similar to staying in a hotel. Would you like chilled glasses, candles by the bathtub, or a party catered, just call in advance and we will be happy to make your arrangements. Our teams experience in hospitality makes this a natural fit for our program.

We also offer hourly consulting services related to your home and your enjoyment of it. Whether you wish to receive and place your furniture, to import a boat, oversee contractors and make progress payments, need assistance with legal or tax advice regarding your home, we can assist in hiring the right people at the right price and ensure the work is done to your specifications. This is a very small part of our business, but vital for those that need it. We have the contacts and the experience to get things done.

Baja BOSS will be an alternate choice for those clients that want to truly enjoy their home without having to work it. Many Independent Property Managers offer this personal service, but their client lists are getting full. This leaves plenty of room for the newest players in Loreto, us and Bahia Management.

One of the first people that I told about starting my own property management business was Rodolfo Guerrero, who has been my friend since he started with his first house Casa Warner back in 2005. I was already a seasoned manager with Loreto Bay Company by that time and we shared the nightmare experience together, along with the good nature and kindness of Mike and Dottie Warner. Through the years, we have shared many experiences, stories, and empathy for each other’s roles in a truly dysfunctional company. He has developed a very loyal and friendly team, and I fully support his efforts as he transitions from employee to entrepreneur. We will continue to build on our friendship and share similar stories along the way.

It is difficult to believe that I began this journey almost exactly three years ago with my first blog post July 1st, 2006. Since then I have developed a regular readership of 500 visits a week; and this week received a whopping 1408 visits. This is a labor of love of a place that I want others to enjoy as well. Occasionally I leave a small window open into the harsh realities of pioneering the Wild Wild West, but for the most part I try to remain positive and optimistic. The alternative is pretty damn depressing.

People are amazed I was able to open five different businesses (sushi bar, hotel, fishing charters, professional services, real estate) in one year, and employ 14 Loretanos. I did not read the Memo that said I was supposed to fail and quit. Although many did and tried to keep me down. I saw the economic downturn coming in late 2007 and voluntarily commenced shutting down some of these businesses even though they were just starting to break even. By the end of 2008, I had the fishing charters boat and my real estate company, with no more employees. Some of my staff continued to work for me on a contractual basis as needed and they are still with me today in this capacity.

I am often asked if it was difficult to close the businesses. This question always makes me quizzical … as the answer seems so obvious. It is like a relationship breakup. It may be better to have loved and lost, than not to have loved at all … but it still hurts a lot.

Of course it was hard, particularly letting go of my employees who had become friends. We had learned to rely on each other and help each other. Luckily at that time there were other jobs available for them. My heart goes out to all the employees of Loreto Bay that have been dismissed this week in such a devastating manner. Throughout the years with this project, I have seen many trying times, depression, anxiety, and panic. However, I have never seen such quiet desperation in so many at one time. Yet, they keep smiling and say hello and ask how you are, and really stop to listen.

I have already sought out a few familiar faces that you will all recognize to join our team. Regardless of which Property Management Company you decide to go with, you are supporting the local economy and people that have been providing you with valuable service for the past several years. This includes me, who has spent endless hours of my free time sharing Loreto through the blog, answering emails and phone calls in times of crisis, and sometimes just a drink to “get the scoop”. I tirelessly worked around the clock for 4 weeks solid to educate, inform and get people involved in the Condo Regime Annual General Meetings. On hindsight, thank god I did. I have helped homeowners on how best to get a solution or at least an answer from the amorphous Loreto Bay Company for the past three years without expectation of remuneration. It is not my intention to blow my own horn, simply a reminder that I need to earn money too.

One day I may write LBC – The Untold Story, but I am quickly losing interest in remembering all the battles that I fought to do what was right and for the good of many. There are scars that are better left unexposed. Ironically, I offered to pay property taxes in January 2007 and Mike Ravenhill immediately sent out an intimidating letter to homeowners that I was conducting property management services, and thereby quashing my simple effort to make a living. But here I am, still standing, and now truly opening a property management company.

Many of you know my battles about the right to have an Open House sign to represent homeowners trying to sell their investment. This was in direct retaliation to my company offering 6% commissions, when LBC was charging a non-negotiable 10% and had the first right to the listing. Through public support of the homeowners, together we have set the standard at a tolerable 6% and refuse to ever go back to the ridiculous demands of management that contributed to the downfall of a great project.

I remain 100% positive about this place; otherwise I would not be here. However, 3 years working at Loreto Bay and 3 years living la vida loca, I hopefully now the experience, wisdom and courage to make the next 3 years successful for many.

There has been a shift in my focus and perspectives, in part due to the realization that the dream was just that. In my beginning blog postings I described my first 15 minutes in Loreto when I had this intense sense of destiny that I needed to be here. I still do not know why I am here, or if it is a stepping stone to lead me to a better place. However, the reality is that I still have the Vision of Community and along with the thousands of others, both foreign and local, and a little time, luck and perseverance, we can make it our reality.

Miss Nellie

Thursday, June 11, 2009

Loreto Bay Property Management Ceases to Exist

Loreto Bay informed all its homeowners this evening that effective tomorrow, June 12, 2009; all Property Management services will no longer be provided.

Through the dream came the Vision of Community, and even though this is a very sad week for all of us, we need to keep the faith and believe that we will get through this together. I am at a loss of words for all the good friends that I will miss.

However, dealing with the immediate issue at hand, I feel that I need to make the best of the situation and create a positive solution.

There are only two ways to do business here. One is to be a sole proprietor and keep the business small; or to have a volume of business to warrant all the legal, tax, and labor commitments that a full business has. I am the exploring the option of the latter. Baja Boss is a legal entity and ready to start our Property Management Services commencing July 1st, 2009.

I have chosen Daniel Leal to be my Property Management business partner and Operations Manager. I have known Daniel for the last 5 years and he comes highly recommended by the Investment Group that brought the Whales Inn Hotel; as well as other developers in Loreto that have had business dealings with him. Daniel was the Operations Manager at the Whales INN (249 rooms) since December 2004 where he was responsible for all its areas, including Food & Beverage, Rooms, Sales & Bookings, Maintenance, and Security. After the Whales INN closed its doors in 2006, he continued on with the new investors in the same location to assist in operations, maintenance, security, and all local administration to launch the new project. As that project is now on hold for the time being, Daniel has now become available to explore Property Management opportunities with me. Timing is everything and all signs seem to be telling me this is the right thing to do.

We will be establishing our team from local Loretanos who we have known and trusted for many years. Daniel has extensive experience dealing with employees, business administration, tax and labor law in Mexico. There are many good people in Loreto that are willing to work hard for fair wages. We are happy to be able to offer the following services for $1300 pesos ($100 USD) per month which includes the following services:
• Maintenance Crew to check your home security, lights, flush toilets, run water, appliances, and general wear and tear EVERY week. We feel that it is important to check the homes at least once a week with the potential of weather or security problems at the current time. There will be a report on file for each inspection.
• Accounting Clerk to receive payments and pay electric and water bills regularly, and property taxes and bank trust fees annually.
• English speaking Receptionist/Concierge that is available to answer your telephone, email or personal inquiries.
Minor items such as changing light bulbs, removing mineral deposit build up from the toilet will be automatically done, and a nominal fee will be applied. If there is a concern, we will email you with photos and a quote for work for your approval. If you wish to have this work done, we will charge a 10% service fee to ensure that the work is completed satisfactorily.

We will have a small cleaning staff and a set price list for regular cleaning, pre and post move-in, and other services. In addition, there are many other good people that we can hire short term should the necessity arise, for example during a tropical storm. Both Daniel and I have been in Loreto for the past several years and have good knowledge of what needs to be done both before and after the rains come.

We are obtaining best quotes for air conditioning and landscape maintenance, as well as other services, which we will be pleased to pass along.

There are approximately 300 homes in LBC Property Management, so there is plenty of business for everyone. There are many good independents doing this business and they will continue to thrive. In order for me to actually take this step and commit the resources to make this happen, we will need 140 homes signed up for this program in order that we can have the staff required to provide the best value.

Please email me today at Nellie@bajaboss.com if you would like further information.

If you want me to accept the hard keys to your home from Loreto Bay Property Management before they close their doors at the end of the day, I will do this also, and hold them in safe keeping until you decide where you want them to go.

Another sleepless night in Loreto …

Miss Nellie

Sunday, June 07, 2009

Loreto Bay Company – The Good, the Bad and the Ugly

By now anyone with an investment in Loreto Bay has received the following email sent last night

TSD Loreto Partners, S. en C. por A. de C.V. (the “Company”) regrets to inform its clients and stakeholders that, due to the challenging situation in the international real estate and financial markets, all operating and construction activities for Loreto Bay (the “Project”) will be suspended.

This is a prudent financial decision that is of little surprise to those involved in the project for the past year. However, in its normal inept communication style, Loreto Bay Company had total disregard of how this announcement was handled and how this decision immediately affects peoples’ investments, lives, and their families. I have been a strong advocate of this company from the beginning, even when I disagreed with management and their decisions. There is no justification that a hotel employee finds out he is out of a job today from a guest in the hotel or by an email from a homeowner who is 5000 miles away.

Many of these employees have come and made Loreto their home, and share in our vision of community. They have many friends in this development and downtown. How can they start making plans today, when they won’t know if they will be out of a job until tomorrow? How will we find them again even if it is just to say goodbye?

Perhaps this is big business and a corporate decision made by conference call. However, I made Loreto my home because I thought I could make difference. Yet, the more things change, the more they remain the same. It is discouraging and disappointing to believe that very smart people have such little compassion or lack of common courtesy to simply take an extra few hours to communicate effectively with the people that have been loyal for so many years.

This is my rant and it will probably come back to bite me, but at least I am not condoning the way this was handled by my silence. My friends know I care, and that is all that is important at the end of the day.

Anyways, my advice to homeowners is to not panic. Things will become much clearer in the following days. Just like the phoenix that must burn to ashes before it can rise to live again, I believe this may be what Loreto Bay Company needed to do in order to truly have a fresh start. There are silver linings in every cloud, and here is the positive …

Through the very hard work of many people, most Home Owner Association SubRegimes have now been formed and have an organized structure to move forward with their common concerns. More importantly, there should be adequate funds to keep the common areas, community pool, administration, security and other services going through our initiatives. The Administrator, Bob Toubman will be addressing concerns about Aqua Viva, Golf Course, and other questions as he gets the answers.

Property Management is still in effect and proper notice will be given to clients of any changes. Rodolfo Guerrrero is working very hard on behalf of his clients and friends to ensure that if there needs to be a transition, it will be seamless. Please do not make any rash decisions as it is not necessary. Information will be forthcoming.

Loreto Bay Company is reviewing options for those Village homes under construction. Very little has happened in the past few months, so waiting a few more weeks for the dust to settle will not make any difference. Your home is not going anywhere. For those custom lot owners that do not have a contact person on the ground, feel free to call or email me for some direction.

There is a Mexican quote that a friend told me applies to this current chaos:

En rio revuelto ganancia de Pescadores...
Literally translated it means: “to stir up the river, is a fisherman’s gain
Basically, at this moment there are many people that will want to take advantage of the situation.

Hopefully, this is a new buyer for the development. This does not have to be our neighbors and friends. Take your time, gather your information, and make informed choices. Loreto is economically hurting due to the swine flu and drug cartel news which problems are non existent in Baja Sur. This also means that there are many local people looking for work and it is a good time to get better service at more reasonable prices. Mexicans are very entrepreneurial and resourceful people because there are no safety nets. I think we will see some good competitive business over the next several months which will be to the benefit of all.

The INN at Loreto Bay is closing today, and their registered guests are being met at the airport and taken to other beach front hotels in Loreto. After the initial shock that the staff had about the closing, most were in good spirits and the guests checking out today never knew the employees were turning off the lights behind them. Asi es la vida

The community pool is beautiful and most of the common areas are finished, and we still have the beach, mountains, and a community which includes Loreto itself. Not all is lost. Loreto is like the phoenix and has survived many broken dreams, but there are always new ones around the corner. This has always been and will continue to be a great place.

Although I will not be officially opening my new office until after Labor Day, Dorado Properties Loreto is still conducting Open Houses in Loreto Bay. With the diminished tourist activity this year, our team will be working remotely for much of the summer.

I will be communicating more information with my clients directly, but if you have any business interests, please feel free to email me at Nellie@doradoloreto.com or call me at 602 628 2920.

Stay tuned this week ... as the stomach turns ...

Miss Nellie
centerpointe