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Traditional mountain resort towns like Aspen and Vail were extremely popular in 2021 with ultra-rich buyers looking for places to wait out the pandemic. ....
After four years on the market, a luxurious ranch belonging to fashion designer Tom Ford sold for $48 million and entered records as a major sale in New Mexico. The uber-stylish estate is very far from what most people associate with a desert ranch. Designed by famed architect Tadao Ando, Cerro Pelon Ranch is located in the Galisteo Basin just outside of Santa Fe and boasts a main concrete house with floor-to-ceiling glass windows as well as a reflective pool, a tennis court and extensive horse stables and equestrian grounds. It spans 20,662 acres in total and was used to film movies such as “Silverado,” “All The Pretty Horses” and “Thor.” Ando, who worked on the Armani Teatro in Milan and the Ground Zero Project in Lower Manhattan, designed the ranch to blend into its natural surroundings the main structure reflects natural light and the water from the pool while also blending into the sandy, muted colors of the Santa Fe desert. ....