How Will AirBnB and Home Sharing Affect Your Neighborhood?

Regulated Home Sharing Begins in Arizona

A new law aimed at regulating short term rentals in Arizona through venues like Airbnb and others went into effect on January 1, 2017.  Arizona isn’t the first state to try to get a handle on how to regulate the sharing economy. Instead of taking a heavy-handed regulatory approach, the law is allowing open competition aimed at innovating and competing.  According  to Christopher Koopman, a senior research fellow at the Mercatus Center at George Mason University, this model of regulation has the potential to allow a windfall of tax revenue to the state and cities, although it is still too early to tell what to expect exactly.

Concerns About Legal Home Sharing

Executive Director Ken Strobeck of The League of Arizona Cities and Towns and Mark Stapp, Executive Director of the Masters of Real Estate Development program at ASU, shared some of the concerns that were taken into account as the law worked its way through the Legislature last year:

  1. Homeowners are concerned that the quality of their neighborhoods will be negatively affected.  Residential neighborhoods will be turned into hotels and party houses.
  2. A cluster of short term rentals in one area will change the land use which will change the feel of the neighborhood.
  3. There has not been a study of crime rates in a neighborhood in relation to Airbnb and such short term rentals.
  4. More strangers would be in the neighborhood.
  5. Mark Stapp mentioned that it could impact the affordability of rental housing.

The cities that will be most impacted by the industry are those that have the highest tourist rates and attractions.  Sedona and Scottsdale had ordinances on the local books that prohibited short term rentals.  However, looking over the short term rental industry sites showed a large amount of activity in these cities anyway.  So, the aim is to recognize reality and impose at least minimal regulation.

Compromise in Legislation

As the law went through the Legislature there had to be a compromise.  The main concern is not ruining the character of neighborhoods.  The legislation includes ordinances that have the ability to make sure that the rentals are not a nuisance including regulations on noise, parking, the number of people allowed at the site as well as having a local contact number for the site and not just a phone number in San Francisco.

As far as tax revenues go, short term rentals have never been legally permitted so it is all a learning process.  The law requires that all participants be licensed.  It also requires Airbnb to paying the taxes to the state and not the homeowners.  The tax rate is comparable to transit lodging taxes, which are higher than retail tax.  However, there may be a trade off with more calls for public service and use of public works.  There is also a concern among conventional hotels and an impact to loss of bed tax.

Regulation by Individuals

Something to be aware of is that private regulations including deed restrictions have nothing to do with the state law and can allow individuals to group together to regulate the industry in their neighborhood.

Though there will always be concerns, the overall outlook very positive. Mark Stapp stated that he hasn’t seen anything negative about it and believes it is a good thing.  He says the industry will creative attractiveness to Arizona and attractiveness to the area is always a goal.

What Are Your Thoughts?

To listen to the entire radio interview and view the source click here:  http://kjzz.org/content/415887/new-home-sharing-law-takes-effect-arizona

Click Here to See What Your Home is Worth

2007 E Ranch Road Tempe, AZ 85284

$7,000,000
4 Beds
4.5 Baths
6,480 SqFt
Status Active
MLS # 6771578
Property Type Single Family Residence
Price Type --
This custom new construction home in the prestigious Circle G community in Tempe is a stunning 6,480-square-foot masterpiece, nestled on a spacious 33,890-square-foot lot. With its Bali resort-inspired design, this home embodies luxury and tranquility, showcasing a harmonious blend of white oak wood and natural tones that flow throughout. Thoughtful attention to detail is evident in every corner, from the elegant lighting to the custom finishes. The grand entrance features a circular driveway leading to a welcoming patio area with a cozy gas fireplace, perfect for sipping coffee in the morning. As you approach the large iron front door, you'll find a private attached casita to the east. (click More for the full description and remarks). This casita offers built-in custom cabinetry, a sitting area, a full bathroom with intricate stonework, and a charming Dutch door, allowing guests to enjoy the front patio ambiance. Across from the casita, the Parisian-inspired office is a showstopper, featuring black-and-white checkered flooring, built-in cabinetry, and a picturesque view of the gas fireplace on the front porch. Upon entering the main house, you are greeted by soaring 14-foot ceilings and a dramatic double-sided gas fireplace, clad in stone on both sides, which creates a seamless flow between the living areas. The kitchen is a chef's dream, with a 16-foot island, two dishwashers, a custom built-in Sub-Zero refrigerator, a gas cooktop and range, a Meile espresso machine, and a pot filler. The oversized single-basin sink and endless cabinetry provide both function and style. The formal dining area is a true entertainer's delight, featuring cantilever doors that open up to the exterior pool and patio space, creating a seamless indoor-outdoor experience. Located in the dining area is a wine chiller room, designed to hold over 800 bottles, ensuring your collection is stored in perfect conditions. On the east side of the home are the secondary bedrooms, both of which share a bathroom with a large walk-in shower and custom tile finishes. Also on this side is a large office with an iron door that matches the main entryway, overlooking one side of the double-sided fireplace. The office includes a walk-in closet with built-in storage for files and office supplies. The entertainment room is designed for hosting, featuring cantilever doors, built-in cabinetry, a microwave, an ice machine, and a TV video wall that allows you to watch four different screens simultaneously. This room offers one of the best views of the backyard and pool, making it a perfect space for relaxation and entertaining. The primary bedroom is a private oasis, located to the west of the home, complete with a serene sitting area and an outdoor shower for an added touch of resort-style living. The room offers two private exits to the backyard and private side sitting area, with custom electronic shades on the bedroom windows and main door. This space feels like a 5-star retreat, offering a spa-like bathroom with dual vanities, extensive cabinetry, a one-piece marble tub, and a walk-in shower equipped with a state-of-the-art shower head system. Additionally, the suite includes a personal gym, leading to a grand walk-in closet with custom cabinetry and a built-in island for storing jewelry, watches, and accessories. The backyard is designed for entertaining, featuring a full-size pickleball court with built-in surround sound and a designated area for hosting guests and their beverages. The pool ranges from 5 feet to 3.5 feet deep and offers multiple sitting areas, loungers, a waterfall, and even a floating bed. The outdoor open gazebo includes a hidden storage area for tables, chairs, and pool items, perfect for hosting gatherings. Along the exterior edge of the home, nestled within the ficus hedges, you will find water spigots and electrical outlets, making large-scale entertaining a breeze. With multiple locations throughout the property for entertaining, this home offers details that go above and beyond the usual. Commercial-grade water filtration stations are located in three parts of the home for the utmost convenience. The home also features a 1,500-square-foot attic space, and finishes that have been collected from all over the world for the past several years. Construction is slated to be completed by the end of 2024, and the buyer still has the opportunity to select finishes. Custom furniture pieces have already been ordered, and the buyer has the option to purchase them. The butler's pantry and laundry room are equally impressive, featuring another island with a single-basin sink, two washers, two dryers, ample storage, and a full-size Sub-Zero refrigerator for additional cold storage. It's also pre-plumbed for an additional dishwasher, oven, and built-in pet water bowls. This home is the epitome of thoughtful design and luxury living, where no detail has been overlooked. You must see it to believe it.

5330 N Palo Cristi Road Paradise Valley, AZ 85253

$6,999,999
5 Beds
6 Baths
8,311 SqFt
Status Active
MLS # 6773512
Property Type Single Family Residence
Price Type --
This private gated estate sits on nearly two acres of lush, manicured grounds in a highly coveted Paradise Valley neighborhood. Imagine a home that perfectly combines luxurious living, high end entertaining opportunities and loads of fun for all generations. Enjoy cooking in the impressive kitchen with more than enough room to prep, serve and enjoy, work at home from the private office, end the day with a steam and cold plunge, or work on your golf game; all options are on the table in this unique residence built for family fun. With 8,331 square feet of living space, 5 oversized bedrooms, 6 beautiful bathrooms, a golf simulator and putting green, sport court/pickle ball court, heated pool and spa, and huge yard with fabulous seating vignettes meandering throughout

25&55 Cibola Drive Sedona, AZ 86336

$6,999,888
6 Beds
7 Baths
8,988 SqFt
Status Active
MLS # 6751848
Property Type Single Family Residence
Price Type --
Welcome to ''La Aguilera'' -the epitome of luxury, perched high in the prestigious Cibola Hills of Uptown Sedona. This estate borders the National Forest and commands jaw-dropping, panoramic views of Sedona's awe-inspiring red rocks. Two exceptional homes, offered together, encompass approximately 9,000 square feet of serene, private living spaces, designed for the discerning buyer who values both elegance and comfort. With amenities like a sparkling pool, a sophisticated Wine Spectator Featured wine cellar, an elevator, and multiple decks and patios, ''La Aguilera'' offers a lifestyle that embraces the natural beauty of Sedona year-round. 25 Cibola: This 5,411-square-foot residence is an entertainer's dream, offering breathtaking red rock views to the North and the Mogollon Rim to the E The grand atrium's artistic double entry doors set the tone for a home that blends rustic Southwest charm with modern luxury. The lower level features a guest ensuite bedroom, a spacious gym or guest suite with a wet bar and fridge, and access to the convertible indoor/outdoor pool. Upstairs, the light-filled Great Room boasts pitched wood ceilings with exposed trusses, wood floors, a desert-toned brick fireplace, and an office nook. The guest bath offers convenient access to the pool, while the HUGE East viewing deck is the perfect spot for afternoon cocktails. The Primary Bedroom, with its granite dual vanities, tiled waterfall walk-in shower, and jetted tub, is a retreat in every sense of the word. The chef's kitchen is a culinary masterpiece, featuring granite counters, custom wood cabinets, stainless steel KitchenAid appliances, a breakfast bar, and a large walk-in pantry with additional prep space. Host grand gatherings in the massive 1,575-square-foot Party Room, complete with 12-foot ceilings, built-in speakers, a professional bar, and a stone fireplace. Whether it's casual dining, playing the Grand Piano, or a game of pool, this space accommodates it all with style. When the weather turns, move the party indoors to the HUGE indoor commercial grill, or relax in the intimate private patio. The convertible indoor/outdoor pool is a highlight of this home, featuring a mesmerizing mosaic tile and pebbled lighted water wall. The elevated spa offers a soothing escape, while the pool itself provides a perfect place to swim in comfort, no matter the weather. With additional amenities like owned solar, a security alarm system, multiple HVAC zones, an elevator, remote shades, stained glass accents, a Home Hydrant Talco Fire Safety System, and so much more, La Aguilera is the ultimate in luxury living. World-class hiking & biking trails are just steps away, offering an unparalleled Sedona lifestyle. For the buyer who demands the best, this estate is your gateway to the extraordinary. 55 Cibola: This magnificent 3,577-square-foot home is a showcase of refined craftsmanship. Custom hardwood floors, soaring ceilings, and expansive windows and sliders perfectly frame the iconic red rock vistas. The Great Room, anchored by a stunning smoky brick beehive fireplace with an Alligator Juniper mantle, invites you to relax and admire the beauty outside. Step onto the massive main deck for an even closer connection to nature, or ascend to the covered SKY deck for 360-degree views of Sedona's most iconic formations. Whether it's the clarity of the day or the brilliance of the night sky, every moment here is an experience. The Primary Bedroom Suite is a sanctuary unto itself, featuring a spacious walk-in closet, dual vanities, a separate tub and shower, and a custom red rock mural. The exterior deck offers a private hot tubperfect for unwinding while soaking in the views. A guest bath with dual vertical shower panels, each boasting sixteen heads, ensures every visitor enjoys a spa-like experience. The lower level includes a bonus living room/office, a 12x12 storage room, laundry, and garage access. Prepare to be wowed as you lead your guests to one of the most unique wine cellars you'll ever encounter. Greeted by a majestic water feature, planted grapevines, and wrought iron gates, this historic, high-tech, award-winning wine cellar is a marvel. Native red rock walls, inventory security sensors, and stained glass accents create an atmosphere of sophistication. Whether you're entertaining indoors or savoring the sunset from the covered outdoor sitting area, this space is designed to impress.

6630 E Stallion Road Paradise Valley, AZ 85253

$6,999,500
5 Beds
5.5 Baths
6,985 SqFt
Status Active
MLS # 6758313
Property Type Single Family Residence
Price Type --
Stunning luxury home nestled near Mummy Mountain. Breathtaking views. Ample scenic windows. Vaulted ceilings with tasteful wood beams create spacious feel throughout. Backyard welcomes you with pristine heated pool & spa, ramada with fire pit, built-in barbecue, expansive covered patio, putting green. Kitchen boasts dual islands, top Wolf and Sub-Zero appliances. Large great room gives way to stunning bar with newly upgraded wine room. Home features wood floors, limestone fireplaces, marble countertops. Recent addition offers state-of-the-art theatre room with wet bar, wine fridge, theatre seating, built-in projector. Control4 smart home system recently installed with 18 security cameras on property. Oversized five-car garage. Large driveway, ample parking. A true treasure inside and out. In the heart of Paradise Valley. Ideally located moments from shops and restaurants. Don't miss this incredible opportunity.

5255 N 47th Street Phoenix, AZ 85018

$6,999,500
7 Beds
10 Baths
10,184 SqFt
Status Active
MLS # 6664595
Property Type Single Family Residence
Price Type --
The perfect balance of a sprawling private estate & hillside views. Views of the city face SW for epic evening sunsets & vistas of Camelback's Red Rocks provide an awe inspiring setting. This split floor plan home has touches of spanish & tuscan architecture blending with elements of modern luxe including massive glass sliders and pivot doors that make the most of the spacious indoor living & extensive covered patios for outdoor entertainment. Primary bedroom features two full bathrooms w/walk in closets. 3 additional bedrooms are spacious ensuites. 2 upstairs bedrooms could also work as separate offices for work at home in style & comfort. Enjoy the game room, theater, negative edge pool, full tennis court, putting green.

3699 S Woodland Hills Drive Flagstaff, AZ 86005

$6,995,000
5 Beds
5.5 Baths
5,900 SqFt
Status Active
MLS # 6723410
Property Type Single Family Residence
Price Type --
Introducing the first one-of-a-kind custom residence from The Ranch Mine and Two Hawks Design and Development in the highly desirable Pine Canyon community. This extraordinary mountain contemporary estate can be found on the 5th hole of the renowned Jay Morrish golf course, with breathtaking golf and mountain views. With over 5,900 sf of living space this home features 5 beds, 5.5 baths, 2 bonus rooms and a 3 car garage. This custom residence showcases a truly thought-out floor plan with exceptional privacy and a functional layout, perfect for enternaning family and friends! The home's outdoor living is truly spectacular, enjoy breathtaking views and majestic sunsets from multiple patios. Optional 1,500 SF of bonus basement space available to build out (not included in the current price).

10755 E Stoney Lane Scottsdale, AZ 85262

$6,995,000
4 Beds
6 Baths
5,812 SqFt
Status Active
MLS # 6784219
Property Type Single Family Residence
Price Type --
Golf Membership Available- Contemporary Desert Oasis with Unmatched Panoramic Views nestled within Desert Mountain's most coveted enclave, the prestigious lakeside ''Gold Coast''. This modern masterpiece offers elevated Southern to Northwestern panoramic views, capturing the beauty of mountain ranges, vibrant sunsets, serene water features, golf courses, and vast starry night skies. Originally built in 1992 and impeccably remodeled by renowned Manship Homes from 2015 to 2019, this home was further enhanced in 2022 with the addition of a stylish guest casita or private office/den. The home's contemporary architecture is showcased through clean lines, sharp angles, and a masterful use of stone, wood, metal, and glass, creating a perfect balance of style and functionality. The open floor pla flows seamlessly, starting with the Great Room featuring a floor-level fireplace, an intimate office alcove, and a spacious dining area. At the heart of the home lies the chef's kitchen, bathed in natural light from six skylights. This kitchen is a haven for entertaining, featuring a generous island with bar seating, a temperature-controlled 240-bottle wine wall, and an adjacent den complete with a wet bar and cozy floor-level fireplace. Both living areas showcase expansive floor-to-ceiling sliding doors that invite the outdoors in, creating a harmonious blend of indoor and outdoor living. The split-floor plan ensures privacy for the luxurious primary suite, which impresses with a double-door entry, a dropped and illuminated ceiling detail, and a see-through fireplace connecting to the spa-inspired bath. The suite also includes a glass slider wall system opening to the patio. The spa bath features an oversized soaking tub with fireplace views, a picture window, double vanity with integrated sinks, a steam shower, and a spacious designer closet. From the primary suite, access the rooftop deck directly for a tranquil escape with unmatched views of the surrounding landscape. On the opposite side of the home, two beautifully designed guest ensuites offer serenity, each with double-door entries and modern ensuite baths featuring linear vanities and floor-level walk-in showers. One guest suite also enjoys patio access, enhancing the guest experience. Two additional powder baths, each with floating vanities, add convenience and elegance to the home's layout. The outdoor living space is a stunning visual showcase of Southwestern beauty, featuring a negative-edge pool with an in-pool spa, terraced hillside patios with conversation areas, sunning decks, an outdoor grilling station, and alfresco dining areas. A ground-level linear firepit and a walk-in snail outdoor shower complete the exquisite exterior amenities. The private entrance casita is a world of its own, equipped with a full kitchen, including bar seating with own refrigerator, freezer, microwave, cooktop, dishwasher, and laundry facilitiesmaking it ideal for long-term guests or a private office suite with living space and separate bedroom. Throughout the home, attention to detail is evident with custom contemporary slab cabinetry, oak plank and stone flooring, slab stone countertops with 4 mitered edges, Smart Home technology and a whole-home entertainment system elevate this property to the pinnacle of modern living. Positioned mid-mountain, this home offers easy access to all of Desert Mountain's world-class amenities, including seven golf courses, seven clubhouses, tennis and pickleball courts, over 20 miles of hiking trails bordering the Tonto National Forest, and a short distance to the back gate for convenient access to nearby towns. Experience unparalleled desert living in this one-of-a-kind retreat, where luxury, nature, and modern design converge in Desert Mountain's most distinguished address.

10938 E Wildcat Hill Road Scottsdale, AZ 85262

$6,995,000
4 Beds
4.5 Baths
6,272 SqFt
Status Active
MLS # 6672199
Property Type Single Family Residence
Price Type --
Construction is underway, the view will be even better than we thought it would be! Golf course lot with mountain views, still time to add your finishing touches! Images are intended to convey overall design direction for this home but final specifications are subject to change. Calvis Wyant Luxury Homes to provide up to date details.

6112 E Quartz Mountain Road Paradise Valley, AZ 85253

$6,995,000
6 Beds
9 Baths
9,372 SqFt
Status Active
MLS # 6620435
Property Type Single Family Residence
Price Type --
PRICE REDUCED $1.5M! This exquisite single-level property offers a blend of luxury and sophistication. Featuring 6 bedrms + 8 bathrms spread across its expansive 9,372 sqft, it showcases breathtaking views of Mummy Mountain, McDowell Mountain, + city lights. The guest casita, complete with a living rm, kitchen, bedrm, + bathrm provides a private retreat for visitors. The main house features 5 ensuite bedrms, a gym, media rm, library, + flex rm ensuring a perfect balance of comfort + entertainment. The spacious chef's kitchen with large white quartzite island also features an additional full catering kitchen. Floor-to-ceiling windows + sliding pocket doors seamlessly merge indoor + outdoor living, while the zero-edge pool, spa, artificial turf + magnificent views create a resort-like oasi $1 MILLION PRICE REDUCTION!!!

4645 N 56th Street Phoenix, AZ 85018

$6,995,000
5 Beds
5.5 Baths
5,710 SqFt
Status Active
MLS # 6634116
Property Type Single Family Residence
Price Type --
Another masterpiece from Santorini Homes, one of the finest Luxury home builders in Arizona. Construction to begin early 2024, so to put your touches on this beautiful mountainside home you must hurry. Santorini was also the developer of this 3 home subdivision, this home is destined to be another classic home with 5,710 sq ft, a 4 car garage, pool, pickle-ball court, and stunning views of Phoenix. Centrally located to all the best attractions in the Phoenix/Scottsdale/Paradise Valley areas, this new home will exude class and sophistication for decades to come

9926 E Kemper Way Scottsdale, AZ 85255

$6,995,000 - 4Br/5Ba -  for Sale in Silverleaf At Dc Ranch, Scottsdale
Open House
$6,995,000
4 Beds
5 Baths
6,649 SqFt
Status Active
MLS # 6704911
Property Type Single Family Residence
Price Type --
Welcome to Silverleaf Arcadia's European inspired masterpiece home situated at the top of the cul de sac and surrounded by lush park like landscaping featuring 4 bedrooms and 5 bathrooms. The ideal layout for entertaining, with soaring 20 foot+ ceilings, a large great room open to the gourmet kitchen featuring both a breakfast room and formal dining plus a butlers pantry. The main level owners suite features a beautiful fireplace, and a large bathroom with his and hers vanities plus a walk in closet with custom cabinetry. Upstairs features 2 bedrooms, 2 bathrooms a game room and movie room plus fabulous oversized patio with beautiful mountain and sunset views. The guest casita has a fabulous private entry, beautiful kitchen and living room plus two large guest bedrooms. Plus a Brand new laundry/craft room with amazing storage and island. Step outside to a beautiful outdoor patio with large fireplace and outdoor kitchen. The sparkling pool with spa and water feature add beauty and the hidden wall of fire behind the pool dazzle for evening entertaining. Plus a splash pad for days the kids or pups want to Cool off and play. The park like back yard offers several patios with private water features and more incredible views.

6800 E Caballo Drive Paradise Valley, AZ 85253

$6,975,000
5 Beds
7 Baths
8,866 SqFt
Status Active
MLS # 6746023
Property Type Single Family Residence
Price Type --
This distinguished residence, inspired by the elegance of Santa Barbara and situated in the heart of Paradise Valley, epitomizes luxury with its unparalleled finishes on a secluded and verdant corner lot. The property exudes an impressive street presence, drawing you in with its meticulous details and sophisticated design from the moment you arrive. Inside, the home boasts dramatic high ceilings adorned with custom elements, new designer lighting, and pristine white Venetian plaster, creating an immediate sense of grandeur. The interiors are further enhanced by exquisite stone and wood flooring, Cantera stone fireplaces, and custom furniture-grade cabinetry, all contributing to an ambiance of refined luxury. The formal living and dining areas seamlessly transition to a gourmet kitchen and family room, which features an updated wet bar. Additional highlights include a charming powder room and an 800-bottle wine room, both serving as elegant finishing touches. The ground floor is dedicated to a luxurious owner's retreat, complete with a spa-like bath, expansive dressing areas, and custom-built cabinetry, offering an unparalleled sanctuary. Also on the first level is a fully appointed guest suite, featuring a separate living area, bedroom, and full bath, ensuring a private and comfortable experience for visitors. The well-designed home theatre, equipped with custom paneling and a full bath, adds to the entertainment options available on this floor. A grand foyer staircase leads to the second level, where guest accommodations include a loft corridor overlooking the family room and kitchen. This level offers an ensuite bedroom with a full bath, an additional bedroom with a bath, and a versatile game room and additional laundry-room. The property also features a fully appointed guest house, which includes a spacious living room, kitchen, half bath, bedroom with a full bath, and laundry facilities ideal for live-in family members or long-term guests. The expansive backyard is designed for entertaining and relaxation, featuring ample covered patio space, a refreshing pool and spa, a BBQ area, and lush, mature landscaping. This home is a paragon of elegance and embodies the quintessential Paradise Valley lifestyle.

Leave a Reply

Your email address will not be published.