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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35801 N Meander Way Carefree, AZ 85377

$5,750,000

3 Beds

5 Baths

6,501 SqFt

Status Active

MLS # 6749384

Property Type Single Family Residence

Price Type --

Chic single level contemporary new build completed in 2023 in Carefree on Black Mountain! Nestled on a sprawling mountainside estate spanning 1.6 acres, offering breathtaking vistas of Black Mountain, Boulders Resorts golf courses, and beyond. This architectural gem is a testament to modern luxury living, meticulously crafted with unparalleled attention to detail. Upon entry, you are met with great room, featuring soaring 16-foot ceilings, expansive 30-foot wide glass pocket doors, and a sleek modern fireplace adorned with porcelain slabs. Floor-to-ceiling 10-foot glass walls frame the awe-inspiring views, seamlessly blending the indoors with the natural splendor outside. The European-inspired kitchen is a culinary enthusiast's dream, showcasing a over 15-foot long island finished with luxurious Taj Mahal quartzite, Miele appliances, and a spacious breakfast nook enveloped by sliding glass doors. For added convenience, a full prep/catering kitchen awaits. Step outside to the sprawling 14-foot high ceiling covered patio, featuring limestone floors and a misting system, creating an outdoor oasis to unwind, entertain, and revel in the panoramic views of the valley and city lights. The focal point of the backyard is the exquisite custom negative edge pool and spa, perfect for relaxation and rejuvenation. Retreat to the sumptuous primary suite, complete with dual custom closets and a spa-like bathroom featuring dual water closets, freestanding tub, marble floor and wall surrounds, and a steam shower. Additional rooms include an expansive office with custom bookshelves and a private patio, along with a versatile flex space ideal for a gym, game room, or additional bedroom, offer flexibility to suit your lifestyle. Two spacious ensuite guest rooms complete the guest wing! Designed for modern living, this home boasts a Creston smart home system, allowing for effortless control of lighting, music, HVAC, pool, shades, and security with a simple touch. A 4-car garage with oversized doors, a spacious laundry room with double washer and dryer, and lush turf grass area add to the convenience and allure of this remarkable property. Welcome home!

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4021 E Claremont Avenue Paradise Valley, AZ 85253

Open House

$5,750,000

4 Beds

4.5 Baths

6,155 SqFt

Status Active

MLS # 6775893

Property Type Single Family Residence

Price Type --

One of the most unique homes in Paradise Valley. You pause as the private gate opens revealing the stunning entrance framed by two custom fountains. As you open the incredible hand crafted front door you are overwhelmed by the view from the large. Courtyard. This meticulously well maintained home with lush landscaping offers alfresco dining alongside the sparkling 20' lap pool and spa. focusing directly on Camelback Mountain. Fourteen foot ceilings reign over the large sliding glass windows which disappear into the walls with the push of a button. This house was created for indoor outdoor entertaining. The kitchen, a chef's dream features Gaggenau appliances, a 6x11 soapstone island with Paul Henningsen's Artichoke Lighting above also includes a well appointed butlers pantry. The open kitchen concept embraces a spacious family room and inviting breakfast nook with corner fireplace. Massive exotic Tiger Wood barn doors are featured in the two en-suite guest bedrooms. Virtually every room captures our magical Arizona lighting and views from nearly every room of the three iconic mountains, The Preserve, Mummy and Camelback. Two separate offices, one with distinctive large fireplace allow more than one person to work while home. At the end of the courtyard visit the entertainment room or stay in shape with the private gym adjacent to the large self contained Casita. The air conditioned 3 car garage has additional storage for bikes and holiday decorations. Privately positioned with easy access to AJ's, Global Ambassador, Steak 44, Paradise Valley Country Club and PCDS. Minutes to Phoenix Airport, HWY 51 & 101.

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10184 E Peak Circle Scottsdale, AZ 85262

$5,700,000

4 Beds

4.5 Baths

4,519 SqFt

Status Active

MLS # 6754344

Property Type Single Family Residence

Price Type --

Estancia Golf Membership available * Completely remodeled in 2023 * Elegant residence in the guard-gated community of Estancia with timeless architectural details * The exterior details include an organic composition of dry-stacked stone, stucco and glass with a new concrete tile roof * Sited on an elevated lot with panoramic views of Pinnacle Peak * Split floor plan with a living room, family room that connects to an open kitchen, two guest suites and a dedicated office with full bath providing the flexibility for a fourth bedroom * Interior details include wood plank flooring, granite and quartz countertops, custom-crafted cabinetry, all new custom lighting and dry-stacked stone fireplace surrounds * The resort-style outdoor living space offers a large covered patio, heated pool and spa built-in BBQ station and a gas fireplace *

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24863 N 103rd Way Scottsdale, AZ 85255

$5,695,000

4 Beds

4.5 Baths

5,932 SqFt

Status Active

MLS # 6723326

Property Type Single Family Residence

Price Type --

Amazing opportunity for brand new build contemporary styled construction in North Scottsdale! Camelot Homes award winning Cavallo floor plan offers all Single level and the best indoor/outdoor living. Price includes all structural components, wine wall, highly upgraded contemporary cabinets , oversized tile flooring, countertops and tile, electrical and low voltage upgrades as well as 3 en suite bedrooms, casita, office and bonus room along with standard 4 car garage. Amazing views from courtyard and rear yard. Price also includes upgraded pool and landscaping. Pool/landscaping currently being installed. Estimated closing End of the year 2024. Video is from our Bronco model and not representative of home for sale.

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3866 S Clubhouse Circle Unit 259 Flagstaff, AZ 86005

$5,695,000

5 Beds

4.5 Baths

6,522 SqFt

Status Active

MLS # 6691628

Property Type Single Family Residence

Price Type --

Situated on one of Pine Canyon's best fairway lots this stunning mountain lodge has dramatic views of the 17th green and the San Fransisco Peaks. The grand ledge stone and wood exterior design continues inside as textured stone columns frame the great room and a stunning floor-to-ceiling ledge stone fireplace takes center stage along with expansive windows and glass double doors to frame the outdoor views. The Great room towers to over 25 feet with a beamed ceiling and partially surrounded by the wood and metal railings of the upper loft area. This very special home features two primary suites, each with its own fireplace and luxurious bath. The Great room floor plan blends the the living, dining and kitchen areas altogether. Between the the Great room and dining area is a ... wet bar with wine and beverage coolers as well as a sumptuous powder room. The dining area has room for family and guests. The country kitchen is a chefs delight with a large butcher board and granite center island, Viking appliances and a walk-in pantry. You enter the outdoor patio deck from either the Great room or kitchen. Its a great place to enjoy the fabulous views, relax in the hot tub, or to enjoy a barbecue. The main level laundry/craft room is the access into the large 3 car garage. The lower walk-out level includes a large media/game room with a large sitting area with fireplace and a separate area for the pool table. This all opens to two covered patios with similar golf course and mountain views as the main deck above. The lower level also includes 2 bedrooms, a large bunk room, 2 baths and two large mechanical closets with an abundance of storage. The loft includes a comfy office, a large seating area and half bath (This seating area can easily be converted to a spacious guest en-suite by adding a shower to the half bath). High end finishes abound in including ledge stone and steal fireplace surrounds, hardwood flooring, floating vanities, custom wood and metal railings and beamed and tongue & groove ceiling treatments. This is Pine Canyon living at its best.

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12913 N 119th Street Scottsdale, AZ 85259

$5,600,000

7 Beds

11 Baths

11,548 SqFt

Status Active

MLS # 6743300

Property Type Single Family Residence

Price Type --

BREATHTAKING VIEWS, ULTIMATE PRIVACY AND ENTERTAINER'S DREAM in this guard gated golf club community. Perched on a hill in the back of the neighborhood, this home gives you the feeling of being on top of the world as you step out onto one of the many balconies where you can enjoy unobstructed views of Camelback Mountain and the shimmering city lights below. Imagine hosting ultimate gatherings in a home that's designed for entertaining! This paradise offers your very own movie theater, billiard room with bar, fitness center with sauna, wine cellar, sprawling open-concept living and kitchen area that flows effortlessly into a fully equipped bar and outdoor patio. A spa and 2 beautiful pools with waterfalls share a private courtyard space. Main house includes a separate guest quarters -- along with an additional detached guest house adjacent to the courtyard pool. Even a 7 CAR GARAGE including space for an RV or boat! This home is more than just a place to live - it's a venue for experiences....a perfect escape from the hustle and bustle of everyday life while still being close to all amenities and events Scottsdale has to offer!

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10701 E Jomax Road Unit 1 Scottsdale, AZ 85255

$5,575,000

5 Beds

5 Baths

5,000 SqFt

Status Active

MLS # 6707666

Property Type Single Family Residence

Price Type --

A striking 'Moditerranean' from Temac Development and Candelaria Design Associates - Situated on 2.5 Acres, this classic estate boasts some of the best views in the area with privacy and seclusion. Unobstructed views of Pinnacle Peak, Troon Mountain, and Troon Country Club, all with the freedom of no HOA. Nearby world-class Four Seasons Resort Scottsdale. Your inquiry to this iconic estate is welcomed.

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24779 N 91st Street Scottsdale, AZ 85255

$5,500,000

4 Beds

4.5 Baths

5,010 SqFt

Status Active

MLS # 6779265

Property Type Single Family Residence

Price Type --

NEW 2024 CONSTRUCTION contemporary masterpiece awaits in prestigious North Scottsdale Solitude community, situated on a premier lot with breathtaking south-facing views of the McDowell Mountains, Camelback Mountain, open desert, and sparkling city lights. A true architectural gem designed by Swaback Architects and built by Sonora West Development, this 5000+ square feet 4-bedroom, 4.5-bathroom with a den or office space blends seamlessly into the desert landscape with clean lines and an eye-catching façade. Inside, the modern minimalist open concept design is equipped with advanced Smart Home technology, ensuring every modern convenience is within reach and welcoming you with soaring ceilings, oak wood floors, custom chandeliers, and high-end finishes throughout. Expansive retractable doors lead to a stunning South-facing outdoor living area, where the outdoor views are just as remarkable as the interior finishes. This resort inspired space features a heated pool and spa, stone paver decking, custom fire pit, and barbecue area with stone finishes. The custom designed landscape includes stone paver patios, turf, desert plantings, and stylish block and metal fencing, all visible from covered patios with wood tongue-and-groove ceilings. This Arizona desert retreat is truly a ready-to-enjoy oasis.

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Amado AZ 85645

$5,500,000

18 Beds

14 Baths

2,197 SqFt

Status Active

MLS # 6682628

Property Type Single Family Residence

Price Type --

Tucked away at the base of the Santa Rita Mountains, yet close to Tucson, GreenValley and Tubac, lies this 160-acre horse and cattle ranch. Immediately adjacent to it is an accompanying 6,000-acre state cattle grazing lease, where one can ride, hike, nature watch, or hunt. This exceptional Ranch features many amenities including 2 residences (1972, 2017) suitable for owners or family situated on the Headquarters parcel and 4 homes suitable for guests or crew. Verdant irrigated pastures, beautiful old mesquite trees and breathtaking views of Elephant Head Butte and the Santa Cruz River make this retreat unique. Cherished as a private family homestead for many years, this land dates back to the historic Canoa Land Grant and was later owned by the Amado family for which the town is named.

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10627 E Hedgehog Place Scottsdale, AZ 85262

$5,500,000

4 Beds

5.5 Baths

5,873 SqFt

Status Active

MLS # 6702937

Property Type Single Family Residence

Price Type --

PINNACLE PEAK HILLSIDE CUSTOM RESORT HOME: Perched high on the mountain, backs to ''The Rocks'' and Four Seasons. The main house is 4917 sf with 360 degree views and features reclaimed solid wood floors, rustic beam ceilings & organic stones incorporated throughtout, Huge Chef's Kitchen with Double Sub Zero and Wolf apppliances. Kitchen is open to the dining area with two 10' tall vanishing patio doors. Primary bedroom has fireplace/private deck to the outside living areas. Two more bedrooms, lower level and very private den/office with expensive views. Extraordinary Guest House is over 900 square feet w/Bedroom, separate Living Room, Kitchen Area, W/D, & Full Bath. Complete home automation w/remote access to control temperature, lighting, alarm and pool & spa and Automated shades. Multiple fireplaces, patios & private balconies showcase panoramic views of boulder outcroppings, mountains & city lights to the north. Pool and spa with water fall features and slide. Outdoor covered kitchen BBQ. This is one of a kind custom Sante Fe with some contemporary flair, built on the side of the mountain with expansive unobstructed views. Multiple fireplaces, private balconies, Note the beautiful large organic stones were incorporated into the architecture with rustic beams and vegas, to create opulence and charm. The private resort-style outdoor living area features self-cleaning pebbletec pool, spa, two large waterfall features, outdoor shower, and fully covered outdoor living room. All furnishings are available on separate bill of sale. See the Matterport walk through to see the floorplan and walk through the rooms. Pinnacle Peak, Tom's Thumb, Granite Mt Visitors Center Hiking are hiking trails within walking distance. Scottsdale National Golf Course is minutes away. This feels like Hotel Arizona.

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6228 N Cattletrack Road Scottsdale, AZ 85250

$5,500,000

5 Beds

8.5 Baths

5,161 SqFt

Status Active

MLS # 6724076

Property Type Single Family Residence

Price Type --

This to be built prime 1.9-acre parcel is located just south of Lincoln on the Scottsdale/Paradise Valley border, placing you in the heart of Scottsdale's best shopping, restaurants, and golf courses. Originally two parcels now combined you get one of the larges lots in the area. The property has approved plans with car garage, multiple dwellings and luxurious design by Kendle Design collaborative. Price reflects lots and completed plans and engineering. Don't miss this incredible opportunity to live the Scottsdale lifestyle!

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20242 N 103rd Way Unit 1246 Scottsdale, AZ 85255

$5,500,000

5 Beds

5.5 Baths

5,463 SqFt

Status Active

MLS # 6778867

Property Type Single Family Residence

Price Type --

Esteemed location in Silverleaf, desirably located in the Windgate Pass guard gate this stunning custom ranch estate is beaming with charm and character. Architecturally striking curb appeal with welcoming grass front yard with spacious entertaining courtyard with fireplace and covered porch entry. Well-designed home plan offers functionality and sophistication, with the great room as the heart of the home anchored with a grand stone fireplace with soaring wood beam lined ceilings and wrap around wet bar, spacious secondary ensuite bedrooms, executive office and plus den with dual access to great room and secondary bedroom wing, this gem offers optimal living experiences. Inviting kitchen oversized eat in island opens to front covered porch convenient for relaxing and unwinding, or perfect for social gatherings in front courtyard. Refined style, with impressive details woven throughout including wood accented ceilings with beams, tongue/groove, coffered, and brick features, stone and wood flooring, and wood window shutters. Enchanting backyard boasts Sonoran Mountain views featuring heated pool and spa with lounging hardscape, expansive covered patio with fireplace, built-in BBQ and ramada for entertaining, firepit with sitting area, and generous turfed grass area. Sought after location, conveniently located near neighborhood parks and lake, this ranch one story with no stairs or step downs will impressive the most discerning clients.

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