If you’re looking to own Arizona real estate or move within our beautiful state, this blog post is for you! Each month, we bring you stories, expert insights, and conversations that celebrate luxury living and everything that makes Arizona an incredible place to call home.
Welcome to ICONIC Estates
Welcome to ICONIC Estates, a podcast presented by Russ Lyon | Sotheby’s International Realty for people who love Arizona and the opportunity to live in luxury in the pristine desert. Hosted by Renee Dee, publisher of ICONIC LIFE magazine, this podcast brings together the people shaping Arizona’s real estate and lifestyle landscape.
This Month’s Episode Highlights
In this episode, we’re bringing you expert insights from leaders who shape Arizona’s luxury real estate landscape:
Tom Locati – President, Russ Lyon | Sotheby’s International Realty Tom shares why outstanding customer service is at the heart of everything Russ Lyon does, ensuring clients experience world-class care at every step.
Mike Balzotti – Director of Education, Russ Lyon | Sotheby’s International Realty Mike explains the growing price per square foot in Arizona real estate, offering perspective on what’s driving market growth and where the opportunities lie.
Oriana Lehman Wood – Global Real Estate Advisor Oriana reveals why she loves the art of negotiation and how her expertise helps clients secure their dream homes in competitive markets.
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In the ever-evolving landscape of luxury real estate, Arizona’s market is leading a renaissance in refined living spaces. Discerning buyers, whose tastes are shaped by the desire for elegance and functionality, are moving away from the open-floor concepts that dominated the previous decade. Instead, they are gravitating towards properties that feature distinct, purpose-built areas for living and entertaining. This shift marks a return to a classic form of hosting and living, where formal dining and sitting rooms reemerge as central elements of home design.
Michael Rankin, a principal at TTR Sotheby’s International Realty, notes a significant change in buyer preferences. “Our clientele are increasingly seeking homes that offer formal spaces designed for grand entertaining as well as intimate family gatherings,” says Rankin. This trend is particularly pronounced in homes valued above $5 million, where buyers expect their residences to accommodate not just their lifestyle but also their aspirations for hosting and privacy.
The influence of the pandemic on living spaces has been profound and enduring. As families spent more time at home, the need for adaptable, multi-functional spaces became clear. Homes now are expected to serve as sanctuaries for relaxation and as efficient venues for remote work and privacy. Martin Hagen, a luxury real estate specialist with Engel & Völkers Brentwood, elaborates on this transformation. “The shift towards homes with more rooms and defined spaces was accelerated by the pandemic, highlighting the need for environments that support both productivity and personal well-being,” he explains.
Architects and designers are responding to this shift by revisiting what might be termed ‘European-style’ elegance in home design. New constructions and renovations now often feature distinct formal spaces that offer a balance of function and luxury, tailored to the nuanced needs of modern families. These spaces are not only functional but are imbued with a timeless charm that enhances their appeal.
As Arizona’s premier luxury real estate firm, Russ Lyon Sotheby’s International Realty is at the forefront of this shift, offering properties that embody sophistication and utility. Each home curated by Russ Lyon Sotheby’s is more than just a residence; it is a haven that stands the test of time, designed to meet the exacting standards of the most discerning clientele. This dedication to providing homes that perfectly balance the traditional with the modern ensures that each property is not just seen but felt, as a profound expression of refined living.
Russ Lyon Sotheby’s International Realty is dedicated to providing the highest service to today’s home buyers and sellers. This tradition continues with the recent addition of Global Real Estate Advisor Samantha Stellar to our Sedona Office.
“Samantha is not new to the business so we are thrilled to have her experience and polished communication skills as part of our team. Anyone who can converse in multiple languages clearly has the ability to be a top notch Real Estate Advisor.” – Tod Christensen, managing broker
Samantha Stellar stands out in the Sedona real estate market with a blend of international flair, artistic vision, and a deep-rooted understanding of the local landscape. Her approach is characterized by kindness and compassion—qualities that don’t just define her personality but also her professional interactions. This allows her to connect deeply with her clients, understand their distinct needs, and navigate even the most complex real estate transactions with ease and confidence.
International Background and Multilingual Capabilities
Born amidst the scenic beauty of the Swiss Alps, Samantha brings a rich cultural perspective to her work, holding dual Swiss and British nationality. She is fluent in French, her native language, and also conversational in German, Italian, and Spanish. This linguistic prowess enables her to serve a diverse clientele, making her a favored agent for international buyers and sellers in Sedona.
Education and Professional Journey
Samantha’s educational journey in the arts began at the prestigious Central St Martins College of Arts & Design in London, where she not only honed her creative skills but also served as the International Officer of the Students’ Union. Her artistic journey continued in Switzerland, working alongside renowned interior designers and architects in Geneva and Gstaad. This experience sharpened her eye for design and deepened her appreciation for architectural aesthetics, which she now applies in her real estate career.
Her love for travel and exploration brought her to over 22 countries, but it was a backpacking trip through Arizona in 2012 that introduced her to the enchanting landscapes of Sedona. Compelled by the area’s beauty, she relocated in 2013 and commenced her real estate career, initially as a receptionist and later as a licensed real estate agent. Over the years, Samantha has excelled in sales, assisting numerous clients in achieving their property goals, and has gained invaluable experience in property management, working closely with investors to enhance their portfolios.
A Well-Rounded Approach to Real Estate
Today, Samantha is a proud member of Russ Lyon Sotheby’s International Realty, where she continues to leverage her extensive experience in sales and property management, along with her international design expertise, to offer a well-rounded and highly personalized service. Whether her clients are purchasing their dream homes, selling properties, or exploring investment opportunities, Samantha ensures a seamless and rewarding experience from start to finish.
Samantha is excited to contribute to the legacy of excellence at Russ Lyon Sotheby’s International Realty. She remarks, “Russ Lyon Sotheby’s has a reputation for excellence and professionalism that aligns with my own values. I am proud to be part of this distinguished brokerage and am committed to delivering exceptional service to my clients.”
For those looking to navigate the Sedona real estate market, Samantha Stellar is not just a realtor but a dedicated partner who is ready to help you realize your real estate aspirations with unparalleled professionalism and a personal touch.
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.”
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 Bulaga5000 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 Anderson8867 N 63rd Place | Paradise Valley Sold for $3,000,000 Seller Representation: Joyce Lynch, JD41828 N 99th Way | Scottsdale Sold for $3,875,150 Seller Representation: Bee Francis and Kathleen Benoit7546 E High Point Drive | Scottsdale Sold for $2,150,000 Seller Representation: Stacy Paluscio, Courtney Woods Olson, and Darcy Whalen5201 N Haciends Del Sol Road | Tucson Sold for $3,400,000 Seller Representation: Thalia Kyriakis and Alexis Kyriakas5261 N Corte Casa Del Sol | Tucson Sold for $2,700,000 Seller Representation: Alexis Myers and Bryan Durkin5453 N Camino Real | Tucson Sold for $2,549,000 Seller Representation: Robin Kaiserman and Melissa Henderson6102 E Larkspur Drive | Scottsdale Sold for $2,150,000 Seller Representation: Todd Simpson16012 N 109th Drive | Sun City Sold for $540,000 Seller Representation: Mary Beth Cline19111 N 94th Avenue | Peoria Sold for $515,000 Seller Representation: Bobbi Martin12 Rue De La Rose | Sedona Sold for $1,550,000 Seller Representation: Jim and Anne French149 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 Dagenais9279 E Andora Hills Drive | Scottsdale Sold for $5,225,000 | Dual Representation Seller Representation: Kirk Marshall, Keith Marshall Buyer Representation: Bee Francis, Kathleen Benoit9877 E Miramonte Drive 280 | Scottsdale Sold for $4,900,000 | Dual Representation Seller Representation: Kirk Marshall, Keith Marshall Buyer Representation: James Kolander, Cynthia Kolander31002 N 56th Street | Cave Creek Sold for $4,000,000 Dual Representation: Barbara Miller, Mary Ann Miller7340 N Cathedral Rock Road | Tucson Sold for $1,750,000 Dual Representation: Susanne Grogan, Matt Grogan11015 E Troon Mountain Drive | Scottsdale Sold for $5,528,000 Dual Representation: Petre Zaidan27157 N 98th Way 222. Scottsdale Sold for $2,700,000 Dual Representation: Debbie Negrin, Will Foote, and Mike Holder18802 N 96th Lane | Peoria Sold for $485,000 Dual Representation: Cindy Smith and Jeni Lytle70 Mockingbird Spur Road, | Sedona Sold for $1,300,000 Dual Representation: Katrin Themlitz8800 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
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!
6358 E Evening Glow Drive | Scottsdale Sold for $1,375,000 Buyer Representation: Diane Clow9289 E Pine Valley Road | Scottsdale Sold for $735,000 Buyer Representation: Stephanie Boudreau12617 W Parkway Lane | Avondale Sold for: $448,708 Buyer Representation: Marina Gamez8566 E Indian School Road C | Scottsdale Sold for $360,000 Buyer Representation: Miki Nakajima6237 S Moccasin Trail | Gilbert Sold for $300,000 Buyer Representation: Morgan Nilson Co-Agent: Cindi DeWine
As Arizona’s premier luxury real estate brokerage, Russ Lyon Sotheby’s International Realty continues to make a bold statement. Our agents and properties were once again featured in top-tier publications this month, drawing attention for both architectural brilliance and outstanding sales performance.
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
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.
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:
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.
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.
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.
