Now that I have Bought Property in Mexico, What do I have to do to Keep Everything Current?
: For a foreigner, buying property in Mexico is a new and different experience. Most foreigners spend time researching the procedure of buying property, setting up a trust or a corporation and becoming familiar with the different permits and costs required to close on a property transaction in Mexico. A lot of effort is put into becoming familiar with the “closing procedure” however very little time is spent on understanding what on-going obligations exist after the property has been purchased.
Capital Gains Tax (ISR) on the Sale of Homes in Mexico
: This is a subject that everyone wants to know about and everyone wants to find a way to legally avoid. In an effort to keep you up to date, the following is the “cliff note” version of what you need to understand. In 2007 the Mexican government modified the rules pertaining to the exemption of income tax obtained in the sale of primary residences. The reason they did this was principally to close loops holes that allowed the upper class to avoid paying taxes on any homes they owned.
: Los Amores is a master-planned residential development designed to provide, in a unique environment, different options to best accommodate most demanding needs. This development offers six condominium options (A-F) and two villa options (Capricho and Deseo), within a secure and gated community, with amenities and features designed so owners can spend quality time with friends and family in a fun, relaxed and enjoyable way.
: Take a closer look at Mascota in this five-minute video feature. (Quicktime video)
: Las Vistas offers the opportunity to own a luxury condo nestled in the jungle on the top of colonia 5 de Diciembre with a spectacular view of the bay, beautiful sunsets and endless city lights of Puerto Vallarta. Developer Carlos Vazquez continues to reach new heights in design and quality, offering an attractive floor plan with top-of-the-line finishes throughout.
360 Spotlight: Dolphin Adventure Center
: If you love dolphins, a visit to Vallarta Adventures' Dolphin Adventure Center should top your list of things to do on your Puerto Vallarta vacation! Vallarta Adventures offers a full range of educational and interactive dolphin programs designed for dolphin lovers of all ages and abilities.
America's Cup Tour
: Although I’d worked as a “two-stripe” officer on the largest cruise ship in the world prior to returning to Puerto Vallarta, I had never stepped onto a sailboat before. All I knew about America’s Cup sailboats was that they were racing vessels with gigantic sails.
Hot Spot: Malecón Extension
: The Malecon extension that connects the original Malecon to the South Side is home to an eclectic collection of shops, eateries and services. In the stretch between the Los Arcos Amphitheater and the Benito Juarez parking lot, you can find everything from coffee to vanilla liqueur, from funky clothing to t-shirts, from fine dining to a quick snack.
Costeletta de Agnello Rack of Lamb
: Costelleta de Agnello Rack of Lamb
Staying Cool When It's Hot, Hot, Hot
: There’s no getting around it. Summer in Vallarta is just plain hot! Even with the almost daily thundershowers, the rain here in the tropics only cools things down temporarily, and before you know it, the hot and humid air returns. But don’t let that keep you hiding indoors with your head in the refrigerator.
Lenny: Music a la Carte
: About four years ago, while I was having dinner at Daiquiri Dick’s
, Lenny appeared with his guitar, offering music table to table. At the request of my companions, I ended up singing Sabor a Mi in harmony with this talented artist. I recently had the opportunity to interview him in the very same restaurant.
: Chayote, a staple of the traditional Mexican diet, is a member of the squash family. It has a thin, coarsely wrinkled skin fused to white flesh, with a texture that could be described as a cross between a cucumber and a potato. It can be eaten raw in salads or used in a variety of traditional recipes, including soups and stews.
Costa Vallarta Real Estate Trends 2008-2009
: I’ve been writing these articles for the past five years — five exceptional years, where the real estate market experienced rapid growth, appreciation and demand. In last year’s article, I reported that a downturn seemed to be approaching. Today, while updating and writing this report, there is no doubt that the market has slowed and the USA is most likely in recession.
: It sounded so easy! “Just soak the molcajete in water for 24 hours, scrub it clean, grind some rice until it doesn’t turn gray, and you’ll be ready to make the most delicious salsa in all of Mexico!” Traditional molcajetes (mortars) are threelegged bowls carved out of lava rock (black basalt) that are used with a tejolote (pestle) for grinding dry ingredients to make traditional Mexican salsas.
Mascota: A Treasure in the Sierra Madre
: Driving on the upgraded Highway 90 from Vallarta toward Talpa and Guadalajara, Mascota might be viewed by some as a town to pass through on the way to somewhere else. However, this pueblo is a jewel waiting to be discovered by those who enjoy a traditional laidback Mexican experience.
Enjoying Your Best Game of Golf
: Puerto Vallarta has certainly matured from the days when it offered just two golf courses. While those two clubs were very professional, Vallarta was not known as a destination for golfers. But when the EMC World Cup was held at Vista Vallarta in 2002, international attention brought additional investment to the area, and the existing seven local courses grew to nine with another on the way.
Las Caletas: Sun, Surf and Sea Lions
: It’s not that I don’t love working in an office enveloped in artificial light, but as a free spirit and fun-loving, outdoorsy kind of girl, I’m always eager for an adventure that takes me out of the office and into the sunshine — all in the name of research, of course! Sea lions have fascinated me since my childhood, their cute dog-like faces and antics reminding me of a seafaring golden retriever.
San Sebastian del Oeste Video
: Take a closer look at peaceful San Sebastian del Oeste in this five-minute video feature. (Quicktime video)
Beautiful Banderas Bay
: We’ve known it all along, and now the word’s out: Mexico’s largest bay–Puerto Vallarta perfectly positioned at its center–is one of the most beautiful bays in the world and a member of the association of the same name.
Puerto Vallarta: Remember Who You Are
: Certainly you have noticed the artistic campaign “Remember Who You Are”, while strolling down Puerto Vallarta’s downtown streets. These murals invite you to rediscover your inner child and have enchanted many local citizens and tourists, but have also raised criticism from some of the more traditional residents.