 |
|
|
 Puerto Vallarta Real Estate | December 2007 
Casa Cupula Reaches a New Breed of Gay Investors
 e-Travel Blackboard
go to original
| | To learn more about The Private Residences at Casa Cupula contact Ron Morgan with Timothy Fuller and Associates via email at ron(at)timothyfuller.com to schedule your personal tour or call 1-866-261-3516 x252 |
Puerto Vallarta has been slated as the country’s leading gay beach, with dozens of new and innovative gay-owned businesses opening up in the area. The new development of the area has spurred a new form of vacation home ownership for gay vacationers, with Casa Cupula branching out into creating luxury fractional ownership projects in the same vein as The Four Seasons and The Ritz Carlton.
Casa Cupula has established itself as one of the leading luxury gay resorts in the world since its inception in 2002, and has begun its new venture in response to demand from its guests.
'We have many guests who have purchased homes and condos in Puerto Vallarta after staying with us,' said developer Don Pickens, founder, Milagro Properties. 'But they regretted having to trade off Casa Cupula's ambience and services because they wanted to buy real estate. Now we can offer the best of both worlds.'
The Private Residences at Casa Cupula have also found success with an unexpected audience; younger gay professionals. Many gay people in the US live in or near major cities, where the cost of buying a first home has grown out of reach for many young buyers.
'Buying into real estate in the Bay Area is out of reach for me, even on a professional salary. So I chose to make my first investment at Casa Cupula. I know I'll use the vacation time, and when I can't, they'll manage it and rent it out for me. With rental income offsetting the costs, it can work out to a free vacation each year. And I still get the chance for capital appreciation,' said twenty-seven year old San Francisco resident and financial planner Mike Gregg.
Often confused with timeshares, which are usually time-limited usage contracts, fractional interests offer fully deeded ownership in perpetuity in four-week periods. Buyers still own part of a luxury home, with minimal capital investment. |
| |
|
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us