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

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4845 E Caida Del Sol Drive Paradise Valley, AZ 85253

Open House

$5,999,999

5 Beds

5.5 Baths

5,863 SqFt

Status Active

MLS # 6781753

Property Type Single Family Residence

Price Type --

Indulge in the pinnacle of luxury and relish breathtaking elevated mountain views in the heart of Paradise Valley in this remarkable Emerald Level, Certified Green Home (the most stringent certification and highest achievement in sustainable building) with owned solar panels. This soft contemporary custom home blends sustainability with elegance, offering 5 bedrooms, 5.5 baths, and a 4-car garage. A designer glass door welcomes you at the entry, leading to an open floor plan with soaring ceilings and wall-to-wall engineered oak wood floors and an elegant fireplace. The gourmet kitchen is a chef's dream, featuring quartz countertops, a Wolf stainless steel gas range, microwave, and an oversized center island with quartzite, adorned with overhead designer pendant lighting and eat-up bar. seating. The dining room with large windows adds an element of sophistication, while the powder room boasts a designer wood counter and vessel sink. Split dual primary suites and luxurious spa-like baths elevate this home to an unparalleled level of luxury and comfort. Step into the backyard oasis to discover a resort-style heated pool and spa, a ramada with a grill, a brick fire pit, a spacious covered patio, and captivating city light and mountain views. Additionally, this home includes a spectacular guest casita overlooking the backyard paradise, complete with a kitchen, living area, and a guest suite. Enjoy the gorgeous outdoor dining area with travertine surround, creating an inviting atmosphere for entertaining or relaxation. This residence is a must-see for those who appreciate designer elegance and luxurious amenities that redefine opulence and cater to the most discerning tastes.

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6620 E Stallion Road Paradise Valley, AZ 85253

Open House

$5,999,945

4 Beds

5 Baths

6,687 SqFt

Status Active

MLS # 6770878

Property Type Single Family Residence

Price Type --

Welcome to Paradise! Spanish Estate, with a dramatic setting of the Mummy Mountains, truly shows pride of ownership! This beauty sits on a large corner lot, showcasing a beautiful backyard oasis with two gazebos, a circular driveway, fountains, a paver porch with an outdoor fireplace, and a gated entryway. Sheer beauty & breathtaking detail are found throughout, with 20 feet soaring ceilings, hardwood and travertine stone floors, 4 indoor Cantera fireplaces, a sizable office, a 600-bottle wine room, and multiple outdoor access points connecting the home inside & out. The spacious living room provides a serene area for receiving short visits, while the large dining room allows you to host a feast on special occasions. A true masterpiece with European old-world charm in PV! Bathed in natural light, this magazine-cover kitchen features a plethora of wood cabinets, travertine backsplash, granite counters, state-of-the-art SS appliances, a 6-burner gas cooktop, a built-in fridge cabinet, a center island, and an outer two-tier island. The owner's suite boasts a sitting room, a fireplace, and French doors to different patios. The lavish ensuite has travertine tile throughout, a jetted tub, two Cantera vanities, an oversized step-in shower with a built-in bench, and a massive walk-in closet. Each bedroom has its own bathroom. Cozy courtyard with artificial turf & a canter fountain is perfect for relaxing. The stunning resort-like backyard offers abundant seating areas, a built-in grill, a pergola, a ramada, a gazebo, a pool, and a spa. Enjoy entertaining or relaxing in solitude! Words don't make this gem justice. Over 6,000 sqft of luxury awaits, don't miss this gem in Paradise Valley!

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8386 E Leaning Rock Road Scottsdale, AZ 85266

$5,999,099

4 Beds

5.5 Baths

5,673 SqFt

Status Active

MLS # 6772642

Property Type Single Family Residence

Price Type --

*Estimated completion January of 2025* Move in just in time for the winter season to this exclusive, custom-designed version of Camelot's award-winning Cheval floorplan, brought to life by Camelot's Custom division, Cameron Custom. Renowned for its seamless indoor-outdoor living spaces, this stunning residence offers 4 spacious bedrooms, 5.5 luxurious baths, a private den, a versatile bonus room, and a separate casita for guests or multi-generational living. Every detail of the home's interior has been meticulously curated by a team of elite designers, blending sophisticated neutral tones with high-end finishes that cater to even the most discerning buyers. Whether you're hosting intimate gatherings or enjoying serene moments, this home exemplifies resort-style living at its finest.

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E Red Bird Road Scottsdale, AZ 85262

$5,999,000

4 Beds

4 Baths

4,322 SqFt

Status Active

MLS # 6774532

Property Type Single Family Residence

Price Type --

Car enthusiasts delight - revel in this estate's custom garages for 10+ vehicles. This to-be-built masterpiece from J.Cor Architecture and Platinum Companies Inc provides 5 acres at your helm, with unobstructed views of Pinnacle Peak and McDowell Mountains. City Light views to the South and Southwest. Your inquiry to this iconic estate is welcomed.

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7014 E Palo Verde Lane Paradise Valley, AZ 85253

$5,999,000

5 Beds

4 Baths

6,046 SqFt

Status Active

MLS # 6762390

Property Type Single Family Residence

Price Type --

Welcome to 7014 E Palo Verde Ln! This exceptional property is located in the heart of Paradise Valley - a picturesque town known for its beauty, tranquility, and relaxed lifestyle. The single-story property has been renovated and offers over 6,046 sqft of inspired living space on .855 acres of land. The charming modern ranch-style home is adorned with exterior brick, black board and batten accents, black aluminum double-pane windows, Italian hand-chipped marble tile pavers, outdoor fireplace, and fire pit surrounding a polished pebble tech black bottom pool, as well as a cedar shake-covered porch. Inside, you'll find European white oak flooring, quartz counters, a double kitchen island with double sinks, Miele appliances including two dishwashers, a wine fridge, and a 48in gas stove with a custom shiplap hood, a dry and wet bar, primary bedroom with its own private spa, flex room,and gorgeous accent walls throughout the home that bring the sleek, moody feel together. Enjoy your private oasis with views of the mountains and a backyard big enough to entertain a large crowd. *Court Approval for Sale Req'd*

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6587 N Palmeraie Boulevard Unit 1043 Paradise Valley, AZ 85253

$5,999,000

3 Beds

3.5 Baths

3,191 SqFt

Status Active

MLS # 6722692

Property Type Apartment

Price Type --

Welcome to the Ritz-Carlton lifestyle, where luxury and comfort merge seamlessly. This exquisite garden-level unit, with an extended patio, offers the perfect blend of indoor and outdoor living. Centrally located yet incredibly private, you'll have easy access to the pool, fitness center, and clubhouse, making every day feel like a retreat. Inside, you'll find custom millwork and high-end finishes throughout, from bespoke tile and countertops to exquisite flooring and wall coverings. The den is a wine lover's dream, featuring tailored millwork, Sub-Zero wine storage columns, and ample barware space. State-of-the-art technology enhances your living experience with Crestron lighting control, motorized privacy and blackout shades, house music system and in ceiling speakers throughout. The interior flooring and patio are adorned with elegant Galician Blue Limestone, while the bedrooms feature warm European white oak. Luxurious touches continue in the bathrooms with beautiful marble, wood and porcelain finishes. This villa is more than just a home; it's a lifestyle defined by elegance and convenience. Welcome to your new sanctuary.

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9010 E Northview Lane Carefree, AZ 85377

$5,995,000

4 Beds

4.5 Baths

6,900 SqFt

Status Active

MLS # 6574997

Property Type Single Family Residence

Price Type --

Step into the grandeur of Casa CarBella, where automotive elegance meets luxury living. This architecturally significant residence, to be built by State 48 Contracting, offers a harmonious blend of world-class luxury complete with a 6 car garage and spectacular RV/Toy Barn with side and front entry. 3,840 SF of garages, with the height to accommodate two lifts per bay, providing the best aspects of storage and display for your prized collection. Situated on a sprawling 2.2-acre lot, with breathtaking views of the Seven golf course and Continental Mountains, this magnificent home provides the ultimate backdrop for living and entertaining. The indoor-outdoor living experience is effortless with vast glass doors that lead to the beautifully designed outdoor space. The outdoor living areas are impressive, with multiple gathering spaces, a stunning swimming pool, spa, Kitchen/BBQ. The great room design features a chef's kitchen with informal and formal dining room, a glass wine cellar, office, and a spa-like primary suite. All located on the main level with no steps. On the upper floor, three ensuite guest bedrooms and a family room/game room offer the perfect escape for your guests, with stunning views. This home is the epitome of luxury and style, offering a showpiece living space. Experience the ultimate in living and entertaining at Casa CarBella. Please note that all renderings are subject to change. Home is to be built and does not include furnishings. Pricing is pre-construction and is subject to change. 6500 Square Feet Home 3,840 Square Feet Garage 10,125 SF Total Under Roof Looking for more auto/toy space, get details for expanded floor plan and 20 car garage. Reach out to walk the lot or to see floor plans.

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9821 E Sundance Trail Scottsdale, AZ 85262

$5,995,000

5 Beds

5.5 Baths

7,559 SqFt

Status Active

MLS # 6752031

Property Type Single Family Residence

Price Type --

Immerse yourself in the epitome of luxury living with this exquisite contemporary residence, offering timeless modern design and unparalleled quality in the heart of Arizona's Desert Mountain community. Designed by Peter Magee and influenced by renowned architects Ricardo Legorreta and Luis Barragan, this organic masterpiece seamlessly blends indoor and outdoor living, boasting sweeping views over the 7th hole of the Renegade Golf Course. From the moment you enter, experience a harmonious fusion of luxury, innovation, and nature, with an inviting outdoor oasis surrounded by lush desert landscapes. FURNITURE AVAILABLE VIA SEPARATE BILL OF SALE. Outdoor amenities include various seating areas, an outdoor kitchen, spa, and a stunning infinity-edge lap pool framed by linear fire feature to the dining room with breathtaking views, while the primary suite offers a tranquil sanctuary connected to an open-air reflecting pool. The primary bathroom exudes spa-like luxury with floating vanities, solid limestone counters, and a deep soaking tub. The chef's kitchen is appointed with the finest appliances, including double Sub-Zero refrigerators/freezers, Wine Refrigerators, Wolf range, and Miele coffee makers, making it a dream for entertainers and culinary enthusiasts alike. Additional features include a casita with three ensuite bedrooms, an expanded 3-car garage, and updated systems throughout, ensuring modern comfort and security. Desert Mountain offers a relaxed, natural setting with exclusive amenities, including guard gated security, private hiking trails, and separate private membership club with golf courses, restaurants, tennis, and more. Welcome to the pinnacle of luxury desert living.

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9983 E Mirabel Club Drive Scottsdale, AZ 85262

$5,995,000

5 Beds

5.5 Baths

5,616 SqFt

Status Active

MLS # 6754350

Property Type Single Family Residence

Price Type --

An extraordinary contemporary home, newly completed, with a 5-car garage and 2 room detached guest casita, situated on a large elevated 1.8-acre lot. Located inside the prestigious Mirabel Club community, this home has a South facing orientation, w/ views of Pinnacle Peak, sunsets and city lights. This home has an outstanding mixture of textures & finishes throughout, including exposed textured block, beautiful natural stone surfaces, and wood flooring. The entry is highlighted with a large steel trellis connecting the main house to the guest casita, making a stunning entrance to the home. The open floor plan, combined w/ retractable sliding doors/bar window to a backyard oasis, creates a seamless indoor/outdoor AZ lifestyle, at its finest. Floor plan available under the documents tab. Floor plan is available under the documents tab.

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36931 N 102nd Place Scottsdale, AZ 85262

$5,995,000

5 Beds

5.5 Baths

6,482 SqFt

Status Active

MLS # 6772845

Property Type Single Family Residence

Price Type --

For the finest Lineage custom built home on a spectacular Mirabel golf course lot look no further. The open transitional floorplan showcases walls of retractable doors and expansive patios for Arizona indoor/outdoor living at its finest. The resort style backyard offers stunning views of the 10th fairway/green w/ the gorgeous McDowell Mountains as a backdrop and includes a pool, spa, firepit, outdoor kitchen/dining, cantina bar access, & covered seating area w/fireplace. The driveway leads to a generous motor court & two oversized 2 car garages, both offering ample storage. Step from the elegant entryway into the spacious great room featuring a modern stone fireplace, vaulted ceiling, & a 20 ft. retractable window wall that opens to the patio. The luxurious kitchen features Subzero/Wolf appliances, 2 dishwashers, oversized island, stone countertops, and extra-large walk-in pantry w/ additional refrigerator & custom shelving. The butler's pantry has private pass-through door to the formal dining room that boasts a sophisticated glass wall wine room, custom built-ins & French doors that open to the front courtyard. The informal dining area opens to the outdoor kitchen/dining area and is adjacent to the cantina wet bar with fold away windows on 2 sides, perfect for indoor/outdoor entertaining. The master suite has a wall of glass that opens to a private patio & features a stone fireplace, coffee bar w/ mini fridge, & a huge walk-in closet w/ custom built-in cabinets & island plus a full-size washer & dryer. Adjacent to the master is an office/bedroom with private balcony. There are 2 additional guest suites split from master, one is currently being used as a theater. Guests will enjoy their own private oasis in a separate Casita with living room, kitchenette w/breakfast bar, bedroom and bathroom.

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10902 E Winter Sun Drive Scottsdale, AZ 85262

$5,995,000

4 Beds

6 Baths

7,649 SqFt

Status Active

MLS # 6768884

Property Type Single Family Residence

Price Type --

THERE IS A FULL GOLF MEMBERSHIP AVAILABLE subject to the club bylaws and membership approval. Amazing Estate home with two room detached casita in the guard gated Mirabel Club Community built on two lots with a gated driveway entering into a large motor court with 6 plus garage bays. The back of the home faces straight southwest with impressive city light, mountain and sunset views. In addition to the 3 ensuite bedrooms in the main house plus two half baths there is an expansive two room detached guest house, a large exercise studio or second office, theatre room with a full sit-down bar, plus a library/office with gorgeous built-in cabinetry. The furnishings and golf cart are available under separate bill of sale. Truly a one-of-a-kind property with room for all the toys and family.

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8877 E Charolais Drive Scottsdale, AZ 85262

$5,995,000

3 Beds

4 Baths

6,028 SqFt

Status Active

MLS # 6769366

Property Type Single Family Residence

Price Type --

Stunning contemporary elevated hillside estate home with outstanding Valley and mountain surround views from every room, on 18 acres in gated community of Carefree Ranch Homesteads. Private electronic gate opens to a long level driveway with a 62' turnaround and extra parking for easy maneuvering into a double-sized RV garage. Wet bar with full size refrigerator. two dishwashers, disposal and large wine chiller. Theater and sound system with state of thee art electronics and ten foot screen. Dining room has a built in lazy susan table for 8, with warming drawer and buffet. Kitchen includes two dishwashers and a warming drawer. Spacious complete guest house with great views, living room and full-size kitchen appliances including washer/dryer. Motor shades, inside and out, Lutron lighting. Floor to ceiling windows provide xpansive views with North, South and East exposures. There are a few steps throughout this virtually one level home. Up to 4 horses allowed on the property Additional features: 3 Bedrooms, 3 Half Baths Manned Gate at Community Entry Camera at front gate Lightning Protection System 2 BBQ's 4 HVAC Zone (and multiple thermostats) Internet by Air Fiber Currently Dish Network Propane hot water heaters Water purification system 1000 gallon H2O tank Pest tubes built in RV dump station Full workshop area with sink Up to 9 cars without stacking Stackable RV garage Room for 2 RV's, boats or all terrain vehicles

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