Frequently Asked Questions
For more information on ownership at The Residence Club at El Corazon de Santa Fe, please contact a membership director, 866.721.7800.
What is The Residence Club at El Corazon de Santa Fe?
The Residence Club at El Corazon de Santa Fe is a luxurious, member-owned residential enclave comprising an intimate clubhouse and 15 elegant two-bedroom residences ideally located in the heart of historic downtown Santa Fe, New Mexico. Each residence is fully furnished and exquisitely accessorized. Your Club staff ensures that you enjoy worry-free ownership and hassle-free vacations. There are only eight Club ownerships per residence, ensuring that each owner enjoys abundant and flexible lodging privileges.
If I purchase at the Club, do I own real estate?
Yes. Ownership is evidenced by a real estate warranty deed, which is recorded and insured by a title policy. Each owner is conveyed a one-eighth debt-free, undivided, deeded interest in one of the Club's fully furnished residences and an interest in the common areas.
What are the advantages of Residence Club ownership?
The Residence Club at El Corazon de Santa Fe has been designed to provide owners with generous and flexible vacation use; remove the worries typically associated with vacation-home ownership; and significantly reduce the financial burden through shared ownership of the residences and Club facilities.
Have Residence Clubs been developed at other prestigious resorts?
Yes. This innovative ownership concept has been enthusiastically embraced by affluent buyers at premier resorts, such as: Aspen, Vail, Telluride, and Steamboat Springs, Colorado; Deer Valley, Utah; Napa Valley, California; Los Cabos, Mexico; and Tucker's Town, Bermuda. There is also a luxurious residence club in Manhattan. Each of these residence clubs is owned and operated much like The Residence Club at El Corazon de Santa Fe. Similar residence clubs are in development in a variety of other prestigious beach, golf, mountain and urban destinations.
As an owner, how often can I vacation at my Club?
As often as you wish, subject to the Club's reservation policies. Owners have the flexibility of reserving Club vacations well in advance and also on a short-notice basis. Each year, owners may reserve up to 21 days of planned vacations in advance. This leaves abundant opportunity for additional short-notice and last-minute vacations. However, there is no limit to the amount of use. If some owners visit their Club less, other owners can visit more. Owners pay only the published housekeeping fees anytime they reside at their Club.
Is the Club a typical timeshare development?
No. The Club is owned and enjoyed much like a private equity golf country club. Timeshare is typically the right to use only a specific week and lodging is limited to a specific unit. Club owners have access to all Club residences within their membership category (Montanas or Terra) with the right to use anytime, subject only to reservation policies.
How many ownerships will be sold?
The Residence Club at El Corazon de Santa Fe strictly limits the number of ownerships to no more than eight per residence.
Can more than one family or individual share a single ownership?
Yes. Individuals can form partnerships to control an ownership or hold title as tenants in-common. It will be up to the joint owners to allocate lodging for that ownership in compliance with the Club's reservation policies.
Will owners always stay in the same residence?
No. Although ownership is represented by a deed to a specified residence, owners have equal access to all Club residences within their membership category to provide the greatest amount of access and flexibility. Owners may request a specific residence and this request will be granted when possible, according to the reservation policies and availability.
Can owners reserve more than one residence during the same time period?
Yes. Because owners are not restricted to a particular residence, they can reserve more than one residence at a given time. It is possible that an owner could simultaneously reserve multiple Club residences for the same days during a low-demand period if sufficient Club residences within their membership category are available.
What if the number of owners wishing to stay at the Club during certain time periods exceeds the number of residences available?
The Club reservation policies have been designed to equitably allocate peak-period vacations when demand for lodging may exceed supply. A rotating priority system® ensures that all ownerships have equal access to peak-period vacations over the years. This system has proved to be fair and effective at other residence clubs for more than a decade.
Do Club owners have guest privileges?
Yes. Owners may invite guests to stay with them during their Club vacations and they also may invite unaccompanied guests to use any of their confirmed Club vacations without a guest fee.
Will the Club be open to the public?
The Club is privately owned and operated for the exclusive enjoyment of Club owners and their guests. Prior to full subscription of ownerships, limited public use will be permitted for marketing purposes. The lodging rights of Club owners will not be diminished by such use.
Are there specific residences designated to allow pets or smoking?
No. Pets and smoking are not permitted in any Club residences.
Do owners pay any lodging charges when they vacation at their Club?
No.
Do owners pay any other charges when they stay at their Club?
Yes. Housekeeping fees will be charged for each visit. Daily service includes trash removal, towel replenishment, surface cleaning and bed making. Owners and guests may request full-maid service at an extra charge.
Do owners pay annual fees?
Yes. The annual fees pay for the professional management and operation of all Club residences and facilities. Included in these annual fees are funds for staff salaries, supplies, property taxes, insurance, maintenance, window washing, trash removal, legal/accounting, utilities, replacement and/or refurbishing of the Club facilities.
What is the quality of the Club construction, furniture and accessories?
The Club construction is of the highest quality, similar to other luxurious Santa Fe residences. Each residence is completely and elegantly furnished, including: granite counter surfaces, wood ceiling treatments, fireplaces, washer/dryers, high-speed Internet connections, slate floors, and high-quality entertainment equipment, appliances and fixtures. The accessory package includes all kitchen utensils, cookware, and silverware.
Who establishes the fees and controls the affairs of the Club?
An owner-elected Board of Directors establishes budgets and fees on an annual basis.
Fractional, Deeded Real Estate
Starting at $130,000*
Call us today at 866.721.7800Financing and Preview Stays Available
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