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THE ADDRESS : The Business of Extraordinary Living : Presented by Sotheby's International Realty

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THE ADDRESS : The Business of Extraordinary Living : Presented by Sotheby's International Realty

  1. 1. 5/11/11 6:33 PMTHE ADDRESS : The Business of Extraordinary Living : Presented by Sotheby's International Realty Page 1 of 4 LIVING LEGENDS Every House Has a Story; Truly Special Properties Have History By Paula Story Imagine sitting above the southern curve of the Grand Canal, reading She Walks in Beauty in the same Venetian apartment once owned by England’s preeminent Romantic poet, Lord Byron. Or picture yourself strolling the halls of an ancient castle that for centuries has played host to European politicians and royal families. You could research your lineage and perhaps find a stone castle in Slovakia where an ancestor once ruled. Maybe there remains a hacienda in Mexico where a great, great uncle once roamed vast acres of grazing land. Who knows? A spectacular example of turn-of- the-century architecture and environmental planning in the mountain wilderness outside New York City could be the site where a great aunt hosted grand picnics in a nature preserve now known as Tuxedo Park. Buying an historic property is more than purchasing a unique piece of the past; it is an investment in a living legend. Residing in such a place of craftsmanship, lore and genuine old-world beauty takes you far beyond simply following in the footsteps of noble princes, scandalous poets, nameless master craftsmen, family relatives or celebrated personalities of earlier eras. Owning a truly historic home opens a window to hundreds or even thousands of years of insight into who we are as a people, culture and society. While many properties have a story, only a very select few have authentic history. The definition of an historic home depends upon a combination of criteria, of which only one is age. In some cases, location alone is enough to secure historic status. Other times, designation by a governing body signifies an area of special historical interest. Or it could be as simple as who was born there, who visited, who designed it, or its cultural, political, religious or archeological significance. The Sotheby’s International Realty network has unique insight into some of the world’s most extraordinary historic properties. We talked to a selection of firms in some of the most desirable markets to discover what to look for, what the benefits are, and what you need to know when seeking to purchase a spectacular historic home. New York By Cindy Booth Van Schaack, President/Owner Towne & Country Properties Sotheby’s International Realty Located about 45 minutes northwest of Manhattan in the Ramapo Gladwyne, Pennsylvania, United States $1,595,000 USD About This Property Just Reduced. 4 Remaining. Mesmerizing river views are yours to enjoy from nearly every room at this beautifully built new home, now available in River Landing just… View Details » Andy Warhol’s “Sixteen Jackies” Expected to Sell for $30 Million at Sotheby’s in New York:… Location vs. Price: and-internet/location-vs-price/ Check out Living in: Miami on! Like No Other: The Auberge Residences at Element 52 are located at the base of the Telluride Ski Resort,… The Fall and Rise of Sir Lawrence Alma-Tadema: See More Tweets » A Selection of Fine Properties Across New England and Other Distinct Locations More Wednesday, May 11, 2011 As of 6:32 PM PDT Today's Paper Columns Blogs Topics Journal Community Home World U.S. New York Business Markets Tech Personal Finance Life & Culture Opinion Careers Real Estate Small Business Back to WSJ Real Estate News, Quotes, Companies, Video SEARCH View Details »
  2. 2. 5/11/11 6:33 PMTHE ADDRESS : The Business of Extraordinary Living : Presented by Sotheby's International Realty Page 2 of 4 Mountains, the 2,600-acre Tuxedo Park is widely known for its collection of eclectic historic homes. Conceived in the late1800s by tobacco magnate Pierre Lorillard IV, Tuxedo Park was the country’s first gated community. Lorillard commissioned an architect by the name of Bruce Price, who was known primarily for his stone and shingle style of architecture, to design some of the most prestigious homes, including Turtle Point and Boulder Point. In the early days, an owner had to be invited to build at Tuxedo Park. Consequently, many of the original owners were very wealthy or famous people who also had estates in areas such as Newport, Rhode Island. Such famous turn-of-the-century architects as McKim Mead & White, James Brown Lord, Bruce Price and Warren & Wetmore were hired to design the early homes, many of which have maintained their architectural integrity. In fact, it is not uncommon to encounter families that have lived in Tuxedo Park homes for more than 50 years, while other homes have had only a few owners in more than a century. Typical of the Tuxedo Park homes are burled walnut fireplaces with hand-carved mantelpieces, high ceilings, intricate crown and base moldings carved from imported wood, leaded-glass diamond-paned windows, exquisite brickwork, beautiful railings and handmade marble staircases with solid bronze railings. Many homes have beautiful hand-painted murals on the walls. To recreate a house built in that time period today would be astronomically expensive. Mexico By Edgar Santamaria, Chief Executive Officer, Sotheby’s International Realty Mexico From the pre-Hispanic pyramids, palaces and lost cities, to the colonial churches, monasteries, government mansions and haciendas, you can find a rich variety of historic properties in Mexico, each of which contributes to the structure of Mexican society today and is a silent witness to the country’s past and present. Haciendas were primarily designed as farming units that eventually transformed into authentic microcosms of social, economic and political life, similar in importance and influence to the capital cities of the Mexican provinces. The hacienda system worked very effectively and had a major place in Mexico’s history for more than 300 years as the epicenter of the wealth in the country’s major industrial regions. Since they concentrated the principal wealth of a region, haciendas were the main centers of development, and each was designed for a specific agricultural purpose – forestry, cereals, viniculture, tobacco, cotton, tequila, henequen (a fiber used for rope or twine), sugar, cattle, mining, or tropical fruit. Some were even constructed to house religious orders. The open construction of the hacienda is generally defined by a wall or structure called the “casco” – an area where the owners would work, rest and perform daily chores and activities. The casco evolved from being a modest construction during colonial times to larger and more luxurious designs toward the end of the presidency of Porfirio Diaz in 1911. In recent years, hacienda living and vacationing have become increasingly popular, providing a lifestyle of old-world elegance and romance. Some haciendas maintain their original structure; others have been remodeled or upgraded to include all the modern conveniences. Thick walls, high vaulted ceilings, frescos and huge patios – as well as the gardens full of trees and fountains and the chapels infused with incense – are exceptionally special. Mallorca By Stefan Greim, Managing Director M.B.A, Mallorca Sotheby’s International Realty Distinct architecture and style are what make a Mallorcan property truly stand out as a historical residence – with features such as stone façades, thick walls, inner courtyards, bodegas and wine cellars. Between the 17th and 19th centuries, owning one of these palaces, located either in the center of a city or within walking distance of the sea, was regarded as a sign of wealth and nobility. Some of these buildings have been passed down through the generations, while many have been converted over the years into apartments, museums, or even luxury boutique hotels. In the historic Mallorcan countryside, income came primarily from almonds, olives, grapes, oranges and lemons. Although tourism has since replaced agriculture as the island’s leading revenue stream, Distinct Locations View RESIDE Locale »
  3. 3. 5/11/11 6:33 PMTHE ADDRESS : The Business of Extraordinary Living : Presented by Sotheby's International Realty Page 3 of 4 historic rural fincas and their accompanying land continue to be of great value as either residences, hotels, or agrotourism destinations. The architecture and interior décor of a typical Mallorcan home – clay tile, wooden beams, high ceilings and precision carpentry – add significant value to a historical property where age and authenticity are equally important. Slovak Republic By Veronika Blahova, Managing Partner, Corpia Sotheby´s International Realty What makes a home or property in Slovakia truly historic? It’s the age, the story, the legend. Slovakia is rich in monuments, castles and chateaux, and every region boasts numerous historical buildings. According to the Monuments Board of the Slovak Republic, there are as many as 12,919 immovable cultural monuments in the country; the greatest part of which is represented by burgess houses, churches, folk architecture, manor houses and palaces. The first stone castles were built in the 11th and 12th centuries, but the major building expansion began shortly after the Tatars invaded the territory in 1241. Every Slovakian castle or mansion has its own unique value or legend. No two castles even look or seem alike. Generally speaking, a Slovakian property’s value depends on many factors, the most important being its location and state of repair. If you go deeper in exploring the real beauty of Slovak historical properties, you will find many very special qualities that are unique to the national culture, like the baroque style. You can feel and see this influence of unique Slovak culture everywhere. November 8, 2010— I recently read an article pondering the long term affects of the iPad on the newspaper industry. For years we have been hearing that print media is dead; however, now with the advent of this hybrid digital print medium which has offered a new avenue to consume news we are left to wonder what the future holds for newspapers. I believe the new tablet technology and recent mass market introduction will force newspapers to once again adapt. The iPad and other tablets are exactly what newspapers need right now to continue to be a game player in our world of free, easily accessible news. In addition to news consumption, consumers are reaching to these new devices for the next big thing in real estate. Many real estate companies have begun developing apps for property searches so consumers can easily access and digest market information. The days of MLS books are long gone and computer based searches are falling quickly in line to be out dated. Tablet technology is exactly what the real estate market needs right now to efficiently guide consumers through the buying and selling process. So what do you think: Is the iPad really the savior of the newspaper industry and how are you using your iPad to navigate the uncertain real estate waters? — David Boehmig, president and founder, Atlanta Fine Homes Sotheby’s International Realty in Georgia
  4. 4. 5/11/11 6:33 PMTHE ADDRESS : The Business of Extraordinary Living : Presented by Sotheby's International Realty Page 4 of 4 Bob Mitchell @ Home Center Sotheby's International Realty 11/26/10 4:06pm Note on Flash: I too, was hot for the iPad until I test drove one. Our SIR website uses Flash to play the great hi-def slide shows of our listings. On an iPad there’s a prompt to download Adobe Flash but when you do, you’re told that is not compatible. No Flash makes the iPad a no-go for me. Tablets are iffy as well. After trying a bunch, it seems that any tablet running Android 2.1 or less won’t work. The Samsung Tab (Android 2.2) worked well but at a price around $600. There’s also an alternate browser that I bought for my iPhone (no Flash there either), which does play Flash files. It’s called Skyfire. It may be compatible with some of the non-Flash tablets as well but it does not support the Flash used on the SIR site. Another concern is the tablet size. They seem to fall into the iPad 10” size or the tablet 7” size. I wonder if PowerPoint on a 7” screen is too small. On the other hand is a 10” tablet a little too big to be with you all the time? Magical Marrakech In 1938, George Orwell and his wife made their way to a Marrakech villa for the winter to help improve the author’s health. The Rabbi and Frank Lloyd Wright Rabbi Mortimer J. Cohen was a visionary with chutzpah Facebook Digg LinkedIn Email Casa Ventana Tamarindo, Costa Rica $2,500,000 USD Search Properties By Location Lifestyle The Wall Street Journal Digital Network editors and newsroom were not involved in the creation or production of this special advertising section. Account: My Account Subscriber Billing Info Create an Account: Register for Free Subscribe Now Help & Information Center: Help Customer Service Contact Us New on Tour the new Journal About: News Licensing Advertising Advertise Locally Conferences About Dow Jones Privacy Policy - Updated Subscriber Agreement & Terms of Use - Updated Copyright Policy Jobs at Site Map Home World U.S. New York Business Markets Market Data Tech Personal Finance Life & Style Opinion Autos Careers Real Estate Small Business Student Journal Corrections SafeHouse - Send Us Information Tools & Formats: Today's Paper Video Center Graphics Columns Blogs Topics Guides Alerts Newsletters Mobile Tablet Edition Podcasts RSS Feeds Journal Community WSJ on Twitter WSJ on Facebook WSJ on Foursquare My Journal Portfolio WSJ Digital Downloads Digital Network FINS: Finance, IT jobs, Sales jobs Virtual Stock Exchange WSJ Radio Professor Journal WSJ U.S. Edition WSJ Asia Edition WSJ Europe Edition WSJ India Page Foreign Language Editions: WSJ Chinese WSJ Japanese