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Ricardo Cortazar Named New Managing Broker in the East Valley

Russ Lyon Sotheby’s International Realty recently announced the appointment of Ricardo.
Cortazar as the new Managing Broker of their Southeast Valley office in Gilbert, Arizona.


Cortazar has over 24 years of experience in real estate sales, coaching, recruiting, leadership and business development.


“Ricardo is a seasoned expert in both residential and commercial real estate, and we are thrilled to have added him to our Russ Lyon Sotheby’s International Realty team,” said Todd Gillenwater, CEO of Russ Lyon Sotheby’s International Realty, adding that Cortazar’s wealth of experience and fresh perspective will be invaluable to the firm.


“He has a proven track record of mentoring top agents, building successful offices and driving growth through strategic planning and negotiation.”

Cortazar’s expertise is also deeply rooted in the East Valley, including Gilbert, Chandler, Ahwatukee,
Mesa, Queen Creek and San Tan Valley. His ability to navigate the complexities of these markets,
combined with his passion for elevating the real estate profession, has made him a trusted advisor
among clients and industry professionals alike.


In addition to his work in real estate, Cortazar is an active community leader, serving on community
boards such as NAHREP National Association of Hispanic Real Estate Professionals, Past President,
Arizona Association of Realtors Board member, and dedicating time to a variety of volunteer
initiatives.

A skilled presenter and public speaker, Cortazar is also committed to sharing knowledge, fostering
diversity, and inspiring the next generation of real estate professionals.


“I am delighted to have joined the Russ Lyon Sotheby’s International Realty team. The luxury real
estate firm has an impeccable reputation, and I’m honored to be a part of it,” said Ricardo Cortazar,
Managing Broker for Russ Lyon Sotheby’s International Realty. “I truly looking forward to using my
extensive knowledge of real estate and the East Valley in my new role as Managing Broker for the
Gilbert office.”

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Significant Sales: February 2025

Throughout the state of Arizona, Russ Lyon Sotheby’s International Realty has been proud to represent and participate in the following February sales.

We refer to these as ‘Significant Sales.’ While all of our transactions are genuinely significant, we hope you enjoy discovering these unique homes based not only on price but also on their architectural, cultural, and geographical significance, as well as those involved in the journey.

Enjoy!

Seller Representation

5739 E Cactus Wren Road | Paradise Valley
Sold for $9,600,000
Seller Representation: Frank Aazami and Bill Bulaga
5000 E Camelback Ridge Road 410 | Scottsdale
Sold for $5,467,544
Seller Representation: Leslie Jenkins, Joe Bushong, Grant Almquist, Chad Christian
Karina Rodriguez and Dave Purpora also.
The Phoenician Ascent closed MANY deals!!!
5871 E Sanna Street | Paradise Valley
Sold for $3,460,000
Seller Representation: Julie Warner and Cheryl Anderson
8867 N 63rd Place | Paradise Valley
Sold for $3,000,000
Seller Representation: Joyce Lynch, JD
41828 N 99th Way | Scottsdale
Sold for $3,875,150
Seller Representation: Bee Francis and Kathleen Benoit
7546 E High Point Drive | Scottsdale
Sold for $2,150,000
Seller Representation: Stacy Paluscio, Courtney Woods Olson, and Darcy Whalen
5201 N Haciends Del Sol Road | Tucson
Sold for $3,400,000
Seller Representation: Thalia Kyriakis and Alexis Kyriakas
5261 N Corte Casa Del Sol | Tucson
Sold for $2,700,000
Seller Representation: Alexis Myers and Bryan Durkin
5453 N Camino Real | Tucson
Sold for $2,549,000
Seller Representation: Robin Kaiserman and Melissa Henderson
6102 E Larkspur Drive | Scottsdale
Sold for $2,150,000
Seller Representation: Todd Simpson
16012 N 109th Drive | Sun City
Sold for $540,000
Seller Representation: Mary Beth Cline
19111 N 94th Avenue | Peoria
Sold for $515,000
Seller Representation: Bobbi Martin
12 Rue De La Rose | Sedona
Sold for $1,550,000
Seller Representation: Jim and Anne French
149 Ridge Trail Drive | Sedona
Sold for $1,000,000
Seller Representation: Jeanette Sauer and Ed Pennington

Dual Representation

4580 W Braided Rein | Flagstaff
Sold for $1,469,000
Dual Representation: Shane Randall and Marie Dagenais
9279 E Andora Hills Drive | Scottsdale
Sold for $5,225,000 | Dual Representation
Seller Representation: Kirk Marshall, Keith Marshall
Buyer Representation: Bee Francis, Kathleen Benoit
9877 E Miramonte Drive 280 | Scottsdale
Sold for $4,900,000 | Dual Representation
Seller Representation: Kirk Marshall, Keith Marshall
Buyer Representation: James Kolander, Cynthia Kolander
31002 N 56th Street | Cave Creek
Sold for $4,000,000
Dual Representation: Barbara Miller, Mary Ann Miller
7340 N Cathedral Rock Road | Tucson
Sold for $1,750,000
Dual Representation: Susanne Grogan, Matt Grogan
11015 E Troon Mountain Drive | Scottsdale
Sold for $5,528,000
Dual Representation: Petre Zaidan
27157 N 98th Way 222. Scottsdale
Sold for $2,700,000
Dual Representation: Debbie Negrin, Will Foote, and Mike Holder
18802 N 96th Lane | Peoria
Sold for $485,000
Dual Representation: Cindy Smith and Jeni Lytle
70 Mockingbird Spur Road, | Sedona
Sold for $1,300,000
Dual Representation: Katrin Themlitz
8800 N Callahan Road | Prescott
Sold for $1,700,000
Dual Representation: Nancy Read and Alisha Collinson

Buyer Representation

  • 7180 E Kierland Boulevard 1008 | Scottsdale
    • Sold for $3,175,000
    • Buyer Representation: Jill Templeton-Haislip and Karen DeGeorge
  • 5125 Wade Lane | Flagstaff
    • Sold for $820,000
    • Buyer Representation Angela Davis
  • 6287 E Abineau Canyon Drive | Flagstaff
    • Sold for $900,000
    • Buyer Representation Rosemary Lamberson
  • 9277 E Happy Hollow Drive | Scottsdale
    • Sold for $4,500,000
    • Buyer Representation Bee Francis and Kathleen Benoit
  • 12836 E Harper Drive | Scottsdale
    • Sold for $3,630,000
    • Buyer Representation Keith Marshall and Kirk Marshall
  • 9915 E San Salvador Drive | Scottsdale
    • Sold for $2,050,000
    • Buyer Representation Yong Choi
  • 9327 W Vereda Solana Drive | Peoria
    • Sold for $2,050,000
    • Buyer Representation Kris LaCroix and Debbie Sinagoga
  • 17866 W Getty Drive | Goodyear
    • Sold for $528,990
    • Buyer Representation: Lisa Baker
  • 230 S Mount Vernon Avenue | Prescott
    • Sold for $950,000
    • Buyer Representation: Theresa Schoffstall and Robin Kaiserman
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First Time Sales: February 2025

Across the state of Arizona, real estate agents achieve significant milestones in their careers every month. This February, we are proud to have been part of these REALTORS’ first sales as Global Real Estate Advisors with Russ Lyon Sotheby’s International Realty!

Enjoy!

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The Importance of Desert Landscaping in Arizona Homes

Arizona’s unique climate presents both challenges and opportunities when it comes to landscaping. With high temperatures, limited rainfall, and a growing emphasis on water conservation, desert landscaping—also known as xeriscaping—has become a popular and practical choice for homeowners. Not only does it enhance curb appeal, but it also saves water, reduces maintenance, and supports the local ecosystem.

Why Desert Landscaping Matters

1. Water Conservation

Arizona homeowners must be mindful of water usage due to ongoing drought conditions and conservation efforts. Traditional grass lawns can consume thousands of gallons of water per year, whereas desert-friendly plants require minimal irrigation. Choosing drought-resistant plants and efficient watering systems helps conserve one of the state’s most precious resources.

2. Low Maintenance and Cost-Effective

Grass lawns require regular mowing, fertilizing, and watering—costing time and money. Desert landscaping eliminates the need for frequent upkeep, as cacti, succulents, and native shrubs thrive with minimal care. Using gravel, rocks, and pavers instead of grass also reduces long-term landscaping expenses.

Succulent garden with drought-resistant plants –v 6.1 Job ID: 6bbd8d50-226c-4f67-9511-582ceed7805c

3. Enhances Curb Appeal and Property Value

Well-designed desert landscapes can increase property value by making a home stand out in the neighborhood. Stylish hardscaping elements, such as stone pathways, decorative rock formations, and artistic plant arrangements, create a visually appealing and functional outdoor space.

4. Supports the Native Ecosystem

By incorporating native Arizona plants, you create a habitat for local wildlife, including birds, butterflies, and pollinators. Plants such as agave, ocotillo, and palo verde trees not only thrive in the desert climate but also provide shelter and food for native species.

5. Sustainable and Heat-Resistant

Arizona’s intense sun can make outdoor spaces unbearably hot. Strategic plant placement and shading elements, such as pergolas, trees, and shrubs, can help reduce temperatures around your home and lower energy costs by providing natural cooling.

Best Plants for Desert Landscaping in Arizona

If you’re considering desert landscaping, here are some top plant choices:

  • Cacti and Succulents: Saguaro, Barrel Cactus, Agave, Aloe Vera
  • Drought-Resistant Shrubs: Texas Sage, Creosote Bush, Red Yucca
  • Flowering Plants: Desert Marigold, Penstemon, Lantana
  • Trees: Palo Verde, Mesquite, Ironwood

Tips for Creating a Beautiful Desert Landscape

  • Use gravel, decomposed granite, or river rocks for ground cover instead of grass
  • Incorporate large boulders and natural stone for structure and visual interest
  • Install a drip irrigation system to provide efficient watering while minimizing waste
  • Choose a mix of plant heights and colors to create a dynamic and balanced design
  • Add solar-powered landscape lighting to enhance nighttime aesthetics

Final Thoughts

Desert landscaping is more than just a practical solution for Arizona homeowners—it’s a way to embrace and celebrate the natural beauty of the Sonoran Desert. By designing a water-efficient, low-maintenance yard, you can create an inviting, sustainable space that benefits both your home and the environment.

Whether you’re a new homeowner or considering a landscape renovation, desert landscaping is a smart investment that blends functionality with aesthetics.

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Understanding Arizona Property Taxes and What Buyers Should Expect

When buying a home in Arizona, understanding property taxes is a crucial part of the decision-making process. Arizona’s property tax system is often considered more affordable compared to other states, but there are key factors that buyers should be aware of before making a purchase. In this guide, we’ll break down how property taxes work in Arizona, what influences the rates, and what you can expect as a homeowner.

How Arizona Property Taxes Are Calculated

Arizona’s property tax system is unique because it has some of the lowest property tax rates in the country. Property taxes are based on the assessed value of your home, which is determined by the county assessor’s office.

Here’s how the tax amount is calculated:

  1. Limited Property Value (LPV) – Arizona uses a Limited Property Value (LPV) instead of the full market value. The LPV is determined by the county assessor and is capped in its annual increase, meaning your taxable value won’t jump drastically year-over-year.
  2. Assessment Ratio – The LPV is multiplied by the assessment ratio, which varies by property type. For residential properties, this is typically 10% of the LPV.
  3. Tax Rate – The assessed value is then multiplied by the local property tax rate, which varies by county and city.

Example Calculation

If your home’s LPV is $250,000 and the assessment ratio is 10%, the assessed value would be:

  • $250,000 × 10% = $25,000

If the local tax rate is 1.2%, your estimated property tax would be:

  • $25,000 × 1.2% = $300 per year

What Influences Property Tax Rates in Arizona?

While Arizona’s property taxes are generally lower than the national average, several factors can impact your tax rate, including:

1. Location (County & City Taxes)

Each county and city in Arizona has different tax rates based on local government budgets, school districts, and infrastructure needs. For example:

  • Maricopa County (Phoenix, Scottsdale, Mesa, etc.) tends to have slightly higher tax rates due to population growth and city development.
  • Pima County (Tucson area) also has moderate property tax rates.
  • Smaller counties, like Yavapai or Cochise, may have lower rates due to fewer government-funded programs.

2. School District Taxes

A significant portion of Arizona property taxes goes toward funding public schools. If you buy a home in a top-rated school district, expect higher taxes, as these areas often invest more in education.

3. Special District Taxes

Some homes may be subject to additional special taxing districts, such as:

  • Fire districts
  • Water or sewer improvement districts
  • Street maintenance funds

These extra taxes are usually minimal but can vary based on your location.

4. Homeowner Exemptions & Tax Breaks

Arizona offers several tax relief programs for homeowners, including:

  • Primary Residence Exemption – If the home is your primary residence, you may qualify for lower rates.
  • Senior Property Valuation Protection Program – Homeowners 65+ years old with a limited income can freeze the taxable value of their home.
  • Disabled Veterans’ Exemption – Eligible veterans may receive a property tax reduction.

What Buyers Should Expect When Purchasing a Home

1. Check the Property’s Tax History

Before purchasing, request a property tax history from the county assessor’s website or your real estate agent. This will help you estimate future costs.

2. Expect Taxes to Adjust After Purchase

When you buy a home, the county may reassess the property value, which could lead to higher or lower taxes than what the previous owner paid.

3. New Construction Homes May Have Higher Taxes

If you’re buying a new build, initial property taxes might be lower during construction, but they will increase once the home is completed and reassessed.

4. Property Taxes Are Often Included in Your Mortgage Payment

If you’re financing your home, your lender may include property taxes in your monthly mortgage payment through an escrow account. This ensures that taxes are paid on time.

5. Appeal Your Property Tax Assessment If Needed

If you believe your home’s assessed value is too high, you can file an appeal with the county assessor’s office to request a reassessment.


Understanding Arizona property taxes can help you make an informed home-buying decision. With low tax rates, exemptions, and predictable assessments, Arizona remains one of the most affordable states for homeownership. Whether you’re a first-time buyer or relocating to the Grand Canyon State, knowing what to expect in property taxes will help you budget effectively and avoid surprises.

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What to Look for in a New Construction Home in Arizona

Arizona’s booming real estate market has made new construction homes an appealing option for many buyers. Whether you’re drawn to the stunning desert landscapes, warm climate, or the opportunity to customize a brand-new home, purchasing a new build offers numerous benefits. However, buying new construction in Arizona comes with unique considerations. Here’s what you should keep in mind when looking for a new home in the Grand Canyon State.

1. Location & Community Development

Arizona is home to a variety of growing communities, from bustling urban centers like Phoenix and Scottsdale to peaceful suburban and retirement communities in cities like Gilbert and Surprise. Before purchasing, consider:

  • Proximity to work, schools, and amenities – Is the location convenient for your daily needs?
  • Community features – Many new developments offer perks like golf courses, hiking trails, community pools, and clubhouses.
  • Future growth – Research upcoming commercial and residential developments that could impact property values and traffic.

2. Builder Reputation & Quality of Work

Not all builders are created equal, and choosing a reputable builder is crucial to ensuring a quality home. Look for:

  • Online reviews and testimonials – Check platforms like Google, BBB, and real estate forums.
  • Model home tours – Visit model homes to inspect craftsmanship, materials, and design options.
  • Warranty options – A good builder will offer structural and appliance warranties to cover potential issues.
  • Past projects – Research the builder’s previous developments to see how their homes have held up over time.

3. Energy Efficiency & Smart Home Features

With Arizona’s hot summers, energy efficiency is a top priority. Look for:

  • Energy-efficient windows and insulation – Helps regulate indoor temperatures and reduces energy costs.
  • High SEER-rated HVAC systems – A high Seasonal Energy Efficiency Ratio (SEER) rating ensures lower cooling costs.
  • Solar panel options – Many builders now offer solar-ready or pre-installed solar panel packages.
  • Smart home technology – Features like smart thermostats, security systems, and automated lighting can enhance convenience and security.

4. Home Orientation & Lot Selection

Arizona’s intense sun can affect your home’s energy efficiency and comfort. Consider:

  • North-south orientation – Homes facing north or south receive less direct sunlight, keeping indoor temperatures cooler.
  • Lot placement – Corner lots may offer more space, while lots near community centers or parks may be desirable for families.
  • Shade and landscaping potential – Having space for trees, pergolas, or covered patios can help create a more comfortable outdoor living environment.

5. HOA Rules & Fees

Many new communities in Arizona are governed by homeowners’ associations (HOAs). Before purchasing, understand:

  • HOA fees – Monthly or annual costs can vary significantly.
  • Restrictions – Some HOAs regulate exterior modifications, landscaping, and even parking.
  • Amenities covered – Higher fees may include benefits like pools, parks, and security services.

6. Customization & Upgrade Options

One of the perks of buying new construction is the ability to personalize your home. Ask the builder about:

  • Included vs. optional upgrades – Some features in model homes may be upgrades, not standard inclusions.
  • Design center selections – Many builders allow you to customize flooring, cabinets, countertops, and fixtures.
  • Structural changes – If you want extra rooms or a different layout, confirm if those changes are possible.

7. Inspection & Warranty Coverage

Even though a home is new, it should still be thoroughly inspected before closing.

  • Hire a third-party inspector – A home inspection can catch issues the builder may have overlooked.
  • Understand your home warranty – Know what’s covered, including structural components, appliances, and plumbing/electrical systems.
  • Schedule follow-ups – Some builders offer a one-year walkthrough to address any settling or minor issues.

8. Resale Value & Long-Term Investment

Even if you plan to live in your new home for years, consider its future resale value.

  • Neighborhood trends – Are property values rising in the area?
  • Builder reputation – Well-known builders often have higher resale value.
  • Customization choices – Unique or highly customized features may make selling harder down the road.

Buying a new construction home in Arizona is an exciting opportunity, but it requires careful research and planning. By evaluating the builder’s reputation, energy efficiency, lot placement, and community offerings, you can ensure you’re making a smart investment in a home that will serve you well for years to come.

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Why Arizona? Top Reasons to Relocate to the Grand Canyon State

Arizona, often referred to as the Grand Canyon State, is rapidly becoming one of the top relocation destinations in the United States. With its breathtaking landscapes, thriving job market, and unique lifestyle, Arizona offers something for everyone. Here are the top reasons why you should consider making Arizona your new home.

1. Stunning Natural Beauty

Arizona is home to some of the most awe-inspiring natural wonders in the world. From the iconic Grand Canyon to the red rocks of Sedona and the sprawling deserts filled with saguaro cacti, the state offers diverse and picturesque scenery. Outdoor enthusiasts can enjoy hiking, biking, camping, and photography year-round.

2. Warm Climate

If you love sunshine, Arizona is the place for you. With over 300 days of sunshine annually, the state boasts a warm, dry climate that’s perfect for those who prefer mild winters and hot summers. The lack of humidity makes even the hottest days more bearable.

3. Affordable Cost of Living

Compared to many coastal states, Arizona offers a more affordable cost of living. Housing, utilities, and everyday expenses are generally lower, making it an attractive option for families, retirees, and young professionals looking to stretch their budgets without sacrificing quality of life.

4. Thriving Job Market

Arizona’s economy is booming, with strong growth in industries such as technology, healthcare, education, and finance. Major cities like Phoenix and Tucson offer numerous employment opportunities, and the state’s business-friendly environment encourages entrepreneurship and innovation.

5. Diverse Communities and Culture

Arizona is a melting pot of cultures, with vibrant communities that celebrate diversity through festivals, art, music, and cuisine. The state’s rich Native American heritage adds depth to its cultural tapestry, providing unique experiences for residents and visitors alike.

6. Outdoor Recreation

Whether it’s golfing on world-class courses, exploring national parks, or enjoying water activities on lakes and rivers, Arizona is a haven for outdoor recreation. The state’s varied landscapes mean there’s always something new to discover, from snow-capped mountains to desert valleys.

7. Excellent Education Opportunities

Arizona is home to top-rated universities and colleges, including Arizona State University and the University of Arizona. The state also offers a range of quality public and private schools, making it an ideal place for families with children.

8. Health and Wellness Lifestyle

With its clean air, outdoor activities, and focus on healthy living, Arizona promotes a wellness-oriented lifestyle. The abundance of sunshine contributes to better mental health, and the state’s numerous spas and wellness retreats offer relaxation and rejuvenation.

9. Retirement-Friendly Environment

Arizona is a popular retirement destination due to its warm climate, affordable living, and excellent healthcare facilities. The state has numerous active adult communities designed to cater to retirees seeking an engaging and fulfilling lifestyle.

10. Proximity to Travel Destinations

Located in the Southwest, Arizona offers easy access to neighboring states like California, Nevada, and New Mexico. Whether you want to take a road trip to the beaches of San Diego or the bright lights of Las Vegas, adventure is always within reach.


Relocating to Arizona means embracing a life filled with natural beauty, economic opportunities, and a vibrant, diverse culture. Whether you’re seeking a new career, a retirement haven, or simply a change of scenery, Arizona offers the perfect blend of lifestyle, affordability, and adventure. So, why wait? Discover the Grand Canyon State and find your new home under the endless Arizona sky.

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First Time Sales: January 2025

Across the state of Arizona, real estate agents achieve significant milestones in their careers every month. This January, we are proud to have been part of these REALTORS’ first sales as Global Real Estate Advisors with Russ Lyon Sotheby’s International Realty!

Enjoy!

12344 E Poinsettia Drive | Scottsdale
Sold for $1,700,000
Buyer Representation: Tobi Placenti
Co-Agent Catherine Lewis & Joshua Shaver
17640 N Coconino Drive | Surprise
Sold for $392,000
Seller Representation: Sonny Shrivastava