Mountain Spirit Resort & Spa

Resort real estate expecting boost from new Rocky Mountain flights

May 20, 2011 –Kimberley, B.C. – Mountain Spirit Resort is predicting a boost in vacation property interest in Kimberley from Edmonton, Alta., thanks to a new scheduled air service to the Canadian Rockies International Airport, launching on June 15.

Click here to read the City of Cranbrook’s detailed release on the new air service.

Integra Air is launching direct non-stop air service between the Canadian Rockies International Airport (YXC) and the Edmonton International Airport (YEG).  The inaugural flight will be on June 15, 2011.  Initially the service will run on Monday, Wednesday and Fridays. Prices will range from $189 to $239 plus applicable taxes for a one-way flight.

“These new flights will make an amazing getaway in the Kootenays much easier for vacation home buyers in Edmonton. Edmontonians are already the second largest tourism market for Kimberley, and we think this will result in even more interest from the region if they don’t have to worry about long drive times or limited flight availability.” Allyson Blake, director of real estate marketing at Mountain Spirit says.  “They will soon be only a couple hours away from a four-season mountain destination that offers incredible skiing, golf, hiking and mountain biking, along with world-class fly fishing.”

As demand for the service grows, the company plans to move from the introductory 16 seat aircraft to a 32 passenger aircraft and add non-stop flights to Fort McMurray.

Buyers at Mountain Spirit are able to immediately enjoy the recreational opportunities in Kimberley with either 10 years of free golf at Bootleg Gap golf course, or one year of unlimited golf at Trickle Creek golf course and a season’s pass to Kimberley Alpine Resort.

Mountain Spirit Resort is located 20 minutes from the Canadian Rockies International Airport and offers an ideal location to enjoy the four-season lifestyle available in Kimberley. Mountain Spirit Resort boasts a true ski-in ski-out location at the base of Kimberley Alpine Resort and is a short walk from Trickle Creek golf course, one of Kimberley’s top three golf courses. In addition to excellent skiing and golfing, Kimberley also offers world class fly fishing, hundreds of trails to hike or bike and white water rafting.

“We purchased at Mountain Spirit for its quality construction, boutique size and the general community feeling of Mountain Spirit and Kimberley,” says Lisa Torry, a homeowner from Calgary, Alta. “It continues to meet all our expectations and a great lifestyle choice with four children from tweens to teens.”

For those who also enjoy other destinations such as Costa Rica, Hawaii or Mexico, homeowners at Mountain Spirit Resort also benefit from a complimentary two-year membership in the exclusive international homeowner exchange program, Resort to Resort. This means owners are able to enjoy beach, golf and ski resorts for as little as $39 per night. (This is not a timeshare).

Mountain Spirit Resort is now open and already 50 per cent sold out. Fully furnished suites are available from $298,900 to $950,000. Mountain Spirit Resort has already been top rated on TripAdvisor.com by its guests and nominated for the Best Interior Design and Best Green Initiative by the Perspective Magazine Awards.

The snow was GREAT yet again today after about 20cm of fresh snow over the past 48 hours… followed by sun!

Here’s a few photos I took around lunch time today (I was too busy having fun all morning to remember to take photos).

Click on this link to check out an amazing short skiing video from Kimberley…

Skiing Kimberley Alpine Resort on a Powder Day, January 13th, 2011.

Three words: freshies every run!

That was yesterday.

Apparently today was every bit as good, with another fresh dump (some of us have to work sometimes…)

Nevertheless and in all honesty, I really, very much enjoyed Wednesday boarding in Kimberley Alpine Resort. This enjoyment even though I didn’t get the first chair. Heck I didn’t even get up there till about 11:45am. I still enjoyed fresh tracks every run right to the last run at about 3:45pm.

It must have snowed 20cm between overnight and during the next morning - 20cm at least. I had a meeting at 7:30am and opened the back door to lots of snow. During the meeting I found myself distracted, staring out the window at the beautiful big fluffy fat flakes of snow coming down. It was definitely worth the anticipation.

The snow was that good I even descended the Anton’s run. Not just once, but twice!

Did I mention that some parts of the ski hill had waist deep pow!

Shredding the powder!

This chap was definitely out enjoying the conditions.

Gnarrrrrr!

Guess what, there’s even more snow in the forecast!

We thought it would be fun to invite Craig Ainsworth of Adrenaline Dog Tours to Mountain Spirit Resort on New Year’s Day. Not just because Craig’s a nice guy but he also happens to have teams of adorable pure bred huskies!

One of Craigs team of 16 huskies at Mountain Spirit Resort today.

At 4:30pm Craig started to unload the dogs to meet our visitors. It was fun for all the family – with groups of people lining up to see the 16 huskies – yes 16!

I’d heard more snow was in the forecast but didn’t expect 15cm of fresh snow on our back step this morning. We rushed up to the hill by about 9:15am and thankfully the car park was only one third full. As usual, up the quad and over to the Easter chair was the priority. First thing we noticed was more runs were open. Anton’s was a must. As a snowboarder (aka slowboarder) I am not a fan of moguls. Being able to ride down Anton’s before the moguls are formed for the season was a pleasure… spotted with a few head-over-heels tumbles. All’s good – it’s fresh powder!

Anton's: people were laughing aloud, shouting "wahoo" between tumbles into the powder!

Rumours were rumbling in the small crowd of locals gathered at the top of the Easter – the Black Forest area might be opened. By the next circuit of the Easter, it was! Patroller Gord Towers had the pleasure of taking down the ropes by Dean Left and opening up all the runs across to Vortex. I’m thinking they’re saving more fun on the far runs for next weekend! We hit Magma first. It was powdertastic. Taking long sweeping turns floating above the snow I managed to stay on my board for most of the run. Next run, Twist. Awesome! It was rapidly becoming an epic powder day, the like of which I’ve never experienced this early in the season. It was so good, we did another loop round and hit it again. I say “we” today as I managed not to be ditched by my husband off the first chair, and he showed his true gentlemanly soul by both waiting for me AND pulling me along the couple of slow spots on the Ridgeway (he skis and I board, you see?).

Anton's Run, Sunday 12th December 2010 (Preview Weekend at Kimberley Alpine Resort)

I check my watch as I’m feeling exhausted. It’s 10:35am. Time to head around to the front via a secret new favourite run I’m not even going to mention. You have to come and discover the  best runs for yourselves. It had me hooting an a-hollering yet again – what an amazing season preview weekend. If this is the preview, this season is indeed going to be epic at Kimberley Alpine Resort!

The BC Real Estate Boards monthly stats are out and so far this year is definitely looking positive for the Kootenays region. To save you reading the entire report, here’s a snapshot.

JULY 2010 YEAR TO DATE / year on year comparison for the Kootenays:

• Total dollar volume of sales is up 17.4%
  
• Unit sales are up 14.5%
• Average unit price increased by 2.5%

We haven’t increased our prices (yet!).

You can download the entire report by clicking here.

Paul Sullivan of the New York Times writes: “EVERYONE needs a place to live, but no one needs a second home. So choosing which vacation home to buy and where should be enjoyable. Still, people routinely buy second homes that end up being less than they expected, or worse.” Interestingly, as you read his comments you’ll realise that fractional ownership at Mountain Spirit Resort, Kimberley, BC, Canada is a solution that really offers a stress-free vacation home:

Paul continues “I speak from experience here. My wife and I own a condominium in Naples, Fla.”

“Milton F. Pedraza, chief executive of the Luxury Institute, an organization that does research on wealthy consumers said one common cause of second-home misery was that owners failed to factor in how much time and money were needed to maintain a place from hundreds, if not thousands, of miles away.”

“Adults buying second homes should ask equally tough questions — of themselves. Why, after all, do you want a second home? What are you going to use it for? Do you have any idea how much it is really going to cost?” – At Mountain Spirit Resort, the costs of ownership are very transparent. With quarter ownership the costs are shared between four owners (and you don’t even have to meet them).

Beyond the ups and downs of the real estate market, Mr. Pedraza said most buyers underestimated the maintenance costs of a second home.“Think of the 20 to 25 suppliers who come to your house for air-conditioning, heating, landscaping, the pool man, the plumber — now you’ve got to procure those same suppliers for another property,” he said. “If you have the money and it doesn’t mean anything to you from an investment point of view and you can hire the staff, then fine.” As a fractional owner at Mountain Spirit Resort, you don’t have to deal with the a/c, heating, landscaping, pool or plumbing. Our staff on site look after it all for you.

“Deb Howard, a realtor in Lake Tahoe and chairwoman of the National Association of Realtors’ resort and second home committee, said many people looked at the properties as a place for the family to gather and as something to leave to the children. But they still need to consider the carrying costs of the property.” Another reason why quarter ownership makes sense at Mountain Spirit Resort. A quarter of the cost and a fantastic place to reconnect with the family and truly relax.

Ms. Howard says her first question to buyers is always what kind of lifestyle they expect to have. But her second is whether they need to rent the home to cover the costs. “Sometimes it’s not the right decision,” Ms. Howard said. “You’re not going to use it enough. Or it’s not going to meet your financial goals.” Not only are the costs quartered, Mountain Spirit Resort also offers an optional rental program to all owners which makes it easier to manage the costs in owning a vacation property.

Paul says it’s less relaxing. What persuades people to buy a second home is usually a vacation. A second home, they think, will keep the party going with the added benefit of having a place of their own. “They only see the benefits — sitting by the pool, having a piña colada, driving into the driveway and leaving the Rolls Royce there,” Mr. Pedraza said. “They never figure the gate is going to be broken and they will need an electrician.” At Mountain Spirit Resort, we have an on-site Maintenance Manager who fixes the gate if it is broken, and you don’t even need to know about when it is broken! Mountain Spirit Resort makes vacation ownership relaxing for you!

Enthusiasm for a place can also lead to a hasty purchase. Barry Peele, an International Realtor in Beverly Hills, said a client recently bought a waterfront home in Miami only to find out after the closing that the dock would not accommodate his yacht. Suddenly, the convenience of walking out to his boat — the original attraction — was gone. At Mountain Spirit Resort we guide you through the purchasing process with no haste. We even come out and stay first and experience all the amenities the area has to offer. By the way, we don’t have a dock but we are truly ski-in ski-out and our underground parkade has enough vertical clearance to allow you to drive in with an SUV, with a ski box on top – a pretty common requirement in ski resorts but rarely available!

And then there is the pressure to use the place. “People have high expectations of their usage,” said Brian Sharples, chief executive of HomeAway, which runs several vacation rental Web sites. “The industry average is 30 days of use per year.” As a fractional quarter share owner at Mountain Spirit Resort, you have about 13 weeks a year to enjoy your suite. If you do use just 4 weeks, you can place your suite in the rental pool for the other 9 weeks and our rental manager does all the work for you!

When people realize how infrequently they are using their second homes, they often turn to Web sites to rent them. Mr. Sharples, who has a second home in Aspen, Colo., said the income could defray some of the costs, from taxes to maintenance. But renting out any home can be stressful, and you may not make enough money to justify the hassle. Renting out is hassel-free at Mountain Spirit Resort. You don’t need to post your rental on a website. Our Rental Manager, Bellstar, does everything for you, including managing the maintenance, housekeeping, 24/7 front desk, marketing, reservations etc.

Paul thinks it’s time consuming. He comments: Since people do not use their second homes regularly, they cannot just walk in as if it were their primary residence. At a minimum, they have to open up the house when they arrive, make sure everything still works and close it down when they leave. As a fractional owner at Mountain Spirit Resort, this is definitely not the case. The suite is checked regularly and prepared prior to your arrival, so the lights are on, the music is playing and the ambiance is just right to start relaxing! You don’t even have to clean when you leave!

Paul finishes saying: “These are luxury problems, of course. The recession has shown the stress that houses can put on anyone. But before you plunge into a second home, ask why you are doing it. In the end, staying in a hotel could be a lot more relaxing.” I agree, with Mountain Spirit Resort you own in a condo-hotel which provides the solutions to Paul’s problems!

I found this article and thought it was spot on in terms of describing the benefits of fractional ownership at Mountain Spirit Resort in Kimberley. This chap is called Bob Wood and is a regular contributor to Regular Forever Young. Bob found it easy to write on the pros and cons of fractional ownership of a recreation property – he’s an owner himself. Here’s his article:

I’m sitting on the side deck of our comfortable, modern two-bedroom, Muskoka-style cottage ready to attack a mystery novel, sipping a glass of chardonnay. My only worry on this day is whether I’ve applied a suitable amount of sun block. While April 13 may seem a little early to be soaking up cottage-country rays, the warmth of the afternoon sun is trapped on the porch, making a liar of the thermometer and tricking me into thinking that we’ve skipped spring and jumped straight into summer.

And as I look around, it’s all mine – sort of. We get to enjoy spring, the other three seasons and a bonus summer week with the five-week fractional-ownership package we purchased a few years back at the Bayview Wildwood Resort’s Cottages at Port Stanton development.

Started in 2003, the Cottages at Port Stanton bills itself as the closest fractional ownership project to Toronto – a 90-minute drive. With “unbeatable views” of Sparrow Lake and the surrounding rugged Canadian Shield countryside, we have been able to appreciate “the joys of lakeside living” pretty much as advertised since April 2004.

Is fractional ownership for you? Before we bought into Port Stanton, my wife and I, now both in our 50s, hadn’t really given the idea much thought. I suppose fractional ownership seemed like something intended for other people – with lots of money.

Up until about six years ago our vacation experience was split between “car camping” at various provincial parks and booking inexpensive hotel accommodation. Then, the need to escape the day-to-day grind of work and, additionally, take a break from caring for aging parents began to get to us and so we decided to spoil ourselves with a three-day/two-night package at a family resort north of Orillia known as the Wild Echo Bay Lodge.

Looking across Sparrow Lake on a snowy Friday night, we detected some building activity and decided to check into it. We were thinking at the time it was a timeshare and we expected the stereotypical hard sell associated with those places – but instead got the soft sell. And we were sold. The Cottages at Port Stanton rose on the site where Wild Echo Bay Lodge used to be.

We soon learned the difference between timeshares and fractional ownership. These units were the latter.

It turns out, the idea of sharing resources to purchase a vacation property has been around for years. As far as formalizing such arrangements in a commercial form, timesharing preceded fractional ownership. The first timeshares were apparently offered at a ski resort based in the French Alps in the sixties.

The fractional-property industry in North American didn’t really get going until the early 1990s, beginning at ski resorts in Colorado and other Rocky Mountains states.

So what’s the difference?

A timeshare is a right to the use of a property. Timeshares can be resold to another party as time, not as traditional real estate. On the other hand, fractional ownership (generally defined as a percentage share of an asset) can be resold, as fractional ownership conveys title of land.

As far as usage of the property, there are different schemes – fixed periods, floating dates and blends of both. A fractional share gives the owners certain privileges, such as a number of days or weeks when they can use the property.

For me, fractional ownership works just great. Here’s how:

• Disciplined me to take holidays

According to a Decima Harris research poll done last year, nearly one-quarter of employed Canadians report not taking all of their vacation days. This translates into 34-million unused days in Canada overall, representing about $6.03-billion in labour donated to employers. I am not inclined to work for free.

• Gets me away from the phone

We jump when the phone rings, which is probably a good thing.

• A break with no maintenance

Unlike traditional cottage owners, we’ve got no chores to do when we get there.

• A place for everything

Everything in our luxury, furnished cottage is always where it is supposed to be – not something that can be said about my permanent residence.

• The price is right

It seems cheaper than other types of vacationing. I leave it to financial gurus to prove me wrong but our maintenance fees for a week run in the $500 range for a two-bedroom. We originally paid about $44,000 for 50 years’ use of the property.

• Love that natural living. We can get closer to nature than our regular suburban existence.

I haven’t found any negatives yet and as I sip my wine and contemplate the good life, I don’t think I will find any.

Fractionals: a growth industry

Not so long ago, if you wanted a weekend or summer getaway, you bought a cottage and with it the costs of upkeep, or rented at a resort – hoping you could get a decent slot in the season you wanted. The idea of buying “part” of a cottage – one where someone else shouldered the responsibility of maintenance – was unheard of.

Today, however, fractional ownership is a rapidly growing industry, says Sue Nickason, a marketing consultant working with three such communities, including the new Cottages at Windermere House.

Fractional-ownership developments are springing up throughout Muskoka as well as other “cottage country” regions, like Haliburton, the Kawarthas, the lake region north of Kingston, and Georgian Bay. Nickason says the priorities for most are lakes, golf and ski opportunities. Most also like to be within three hours of their home base, although she sees buyers coming from as far away as Alberta and even England.

Read the article here: http://www.foreveryoungnews.com/leisureandlifestyle/article/16069