Sailing, Golfing, Fine Dining and Now Even a Farmers’ Market!

The Marina Vallarta is relatively new, and it’s a city within a city. Marina Vallarta has condo and hotel high-rises around a protected 450-slip marina, with shops and restaurants on the buildings’ ground floors.

Golf courses, water parks, and other amenities are nearby, as are several developments of single-family homes. Marina Vallarta is just south of the Nayarit state line and is also a short cab ride from the international airport and long-distance bus station.

If you’re looking for a modern, well-constructed property in an area that’s easy to reach and has shopping and dining nearby, Marina Vallarta could be a good option. Some locals wouldn’t consider living anywhere else!

This month, we are featuring an amazing G3MEX property:

Casa Pearson

$495,000 usd

Casa Pearson is a unique investment opportunity on the Golf Course of Marina Vallarta. The design includes an open floor plan with view of the house, the swimming pool and the golf course. The upper floor is completely self-contained and includes a sleeping area, kitchenette, full bathroom and separate entrance. Ideal for guests, or to use for income as a rental unit.      

Two decades ago, one of Mexico’s leading social critics proclaimed Los Angeles “the heart of the Mexican dream.” Pedro P. agreed, leaving behind his native Oaxaca for work as a gardener in the city’s San Fernando Valley. After 14 years as an undocumented immigrant, however, Pedro, age 44, is heading home at the end of April, drawn by an economic resurgence south of the border that has led some observers to label Mexico the “Aztec tiger.”

He is hardly alone. According to the Mexican Migration Project, the rate of undocumented emigration to the U.S. is nearing zero. It peaked at about 55 of every 1,000 Mexican men in 1999; by 2010 it had fallen to 9 per 1,000, a rate not seen since the 1960s.

When President Barack Obama visits the new president of Mexico next week, he will find a country very different from its usual image in the U.S. Even with its bloody drug war, Mexico saw its economy grow by 4% in 2012, a rate that is expected to reach as much as 7% annually in the years ahead. In 2012, foreign investors pumped $57 billion into Mexican stocks and bonds, five times what they invested in Brazil. Big manufacturers like Bombardier and General Electric GE +1.18% are expanding their facilities there and creating high-wage jobs, taking advantage of the country’s deep pool of engineering and professional talent.

Manufacturing is even returning from China, where it started to emigrate in the 1990s, about the same time that Mexican immigration to the U.S. swelled. The annual hourly wage in Mexico is now $2.10, compared with $1.63 in China. Add in the lower costs of transportation to the great market to the north and Mexico’s own expanding domestic market, and the economic attraction is clear.

More surprisingly, the growing sense of a Mexican turnaround is based not just on economic prospects but on greater confidence in the Mexican government, especially at a time when elected leaders in more-developed countries seem to be at a loss in dealing with long-term problems.

President Enrique Peña Nieto is delivering on his promises to reform Mexico.

Like most Mexicans at home, those working abroad have long been suspicious of the country’s politicians, especially those of the PRI—the notoriously corrupt autocratic party that ruled for 71 years before the country’s democratic transition 12 years ago. Now the PRI is back, this time through fair elections, and its charismatic new leader, President Enrique Peña Nieto, is promising to take Mexico to the next step as a fully globalized middle-class society.

At his inauguration last December in Mexico City, Mr. Peña Nieto stood in front of the country’s most powerful monopolists, Carlos Slim Hélu and Emilio Azcarraga Jean, and promised to disband their television and telecom empires. To robust applause, he promised to reform the teacher’s union which, incredibly, has long had the power to hire teachers and even to pass on hereditary jobs. And he pledged to “open up” Pemex, the laggard state oil monopoly that has been the core of Mexico’s nationalist ideology since the 1930s.

The inaugural audience was stunned by the scope and specificity of the new president’s program—and the fact that he was openly taking on the historical pillars of the PRI’s power. The day after his inauguration, he broke the partisan rancor of the election campaign, in which the PRI won just 38% of the vote, by announcing a consensus “pacto” with other major parties that agreed to support his list of reforms.

Six months into his term, Mr. Peña Nieto has begun to deliver. The head of the teachers union, Elba Esther Gordillo —known for her luxe wardrobe and accessories—was arrested for embezzlement. New laws have been passed to empower the government to break up the telecom and television monopolies. Plans for opening up Pemex are well under way, and legislation is imminent.

Mr. Peña Nieto’s success is hardly assured. Rooting out corruption and establishing a fully functional legal system will be enormous challenges. But unlike many other national leaders, he is addressing in practice the central crisis of our times: how to effectively govern modern democracies that by their nature generate discord and disagreement.

The strength of one-party autocracies like the old PRI—or China’s modern mandarinate—is their unity of purpose and their capacity to implement structural change over the long term. By contrast, democracies today across the West are paralyzed, unable to build a consensus out of the cacophony of voices and multitude of interests.

The trick for Mexico, and for other countries, will be to balance this impressive institutional capacity with transparency and public oversight. Effective governance is a fine thing, but not at the cost of democratic accountability.

The Peruvian novelist Mario Vargas Llosa once famously called Mexico under the old PRI “the perfect dictatorship.” It had the trappings of democracy—regular elections and a transfer of power every six years—but was ruled by the iron fist and the greased palm. Under Mr. Peña Nieto, Mexico now has the chance to perfect its democracy—and to serve as a model for the world.

—Messrs. Berggruen and Gardels are co-authors of “Intelligent Governance for the 21st Century: A Middle Way Between West and East.

Wall Street Journal 

CASA ITURBIDE BOUTIQUE RESIDENCES

CENTRO, PUERTO VALLARTA

Welcome to one of Puerto Vallarta’s newest developments perched on the lush garden stairway of Calle (Andador) Iturbide: Casa Iturbide Boutique Residences. Enjoy panoramic views of the Bay of Banderas in the heart of downtown, within walking distance of restaurants, shopping, sites, the beautiful new Malecon and the magical atmosphere of the historic Gringo Gulch neighborhood.

This six unit building feature’s condos ranging in size from 1 to 3 bedrooms—with something for every budget.

The units offer contemporary Mexican architecture, top-of-the-line appliances, luxurious granite topped kitchen counters, tropical wood cabinetry, private decks, air conditioning, and double-paned windows in each bedroom.

The entire building has full elevator access, and a magnificent rooftop communal deck featuring an infinity pool, and elegant seating with views of the Bay and Sierra Madre mountain range. An inspirational oasis, just a few steps from all of the convenience of downtown Vallarta.

A perfect spot for year round living, or an ideal investment if you plan to use your condo for rental income. The downtown/Gringo Gulch area has become one of the most popular spots for vacation rentals. It’s an area renowned for convenience, safety and unique Mexican charm.

The development is located at the corner of Iturbide and Matamoros, one block from Hacienda San Angel, Vallarta’s premiere boutique hotel, directly above the Le Cigale restaurant, regarded as one of our town’s finest eateries, and a few blocks away from the Church of Our Lady of Guadalupe.

For more information regarding this beautiful spot, please contact our agent at G3MEX, Vevi Guillen at 044-322-429-7491 or via email at vevi@g3mex.com. Or you can also go to our website at http://g3mex.com/ or www.iturbideresidences.com to find out more about the Casa Iturbide Boutique Residences.

You are working with the very best, when you work with G3Mex!

Español

Bienvenidos al desarrollo mas novedoso de Vallarta, ubicado en el andador Iturbide, que recientemente se transformo, ahora lleno de plantas, banquetas nuevas y servicios subterraneos. Casa Iturbide Residencias Boutique esta a pasos de todo lo que tradicionalmente ofrece Puerto Vallarta; restaurants, boutiques, galerias, el malecon y la inigualable y mágica atmosfera que se vive en el centro. Con vistas panoramicas de la bahía entera garantizadas desde la terraza asoleadero con alberca infinity.

Con tan solo seis unidades en el edificio, desde una hasta tres recamaras, existen unidades para diferentes necesidades y gustos.

Las unidades ofrecen arquitectura mexicana contemporánea, cocina con granito y todos los electrodomésticos incluidos, gabinetes de madera tropical, terrazas privadas, aire acondicionado, y ventanas de doble cristal en cada recamara.

Todo el edificio tiene acceso por un elevador comun, y una terraza en la azotea para uso de todos los dueños, alberca infinity, y mobiliario para gozar de las vistas de la bahia y sierra madre.  Un verdadero oasis, en el corazon del centro de Puerto Vallarta.

Casa Iturbide es un lugar idóneo para vivir todo el año o ideal para habitarlo parte del año y rentar el resto del tiempo para ingresos que pagaran los costos de mantenimiento como minimo.  En realidad es un area muy conveniente, segura y con la magia que solo el centro de Puerto Vallarta puede ofrecer.

La ubicacion exacta del desarrollo es la esquina de Iturbide y Matamoros, a una cuadra de la hacienda San Angel, el Hotel Boutique premier del centro de Puerto Vallarta. Arriba del restaurant Le Cigale, siendo uno de los retaurantes mas reconocidos del centro y solo a unas cuadras de La Iglesia de Nuestra Senora de Guadalupe.

Para informacion mas detallada de este hermoso lugar, favor de contactar a Vevi Guillen al cel (322) 429-7491 or por medio de correo a vevi@g3mex.com. Tambien puede ver mas informacion de Casa Iturbide en nuestra pagina de internet www.g3mex.com o www.iturbideresidences.com

Estas trabajando con lo mejor, cuando trabajas con G3Mex!

We’ve all heard of the trend everywhere in the US and Canada, “buy local”.  Even the Mexican government had a campaign a few years back that promoted things made in Mexico. But here in Puerto Vallarta the whole concept has been inverted. Instead, it seems that the motto is “buy imported”. Everyone (who can afford it) heads out to the local super store to make purchases, when similar goods could just as easily be purchased at a local provider. Maybe the local stores are not as fancy or as fashionable as those great big super stores, but they are owned and operated by local residents. Some have been owned by the same family for generations! Sure, the big super stores employ local people, pay taxes and provide a service, but in reality all that these BIG stores care about is their bottom line and making their stockholders happy. And you don’t build the same relationships as you do with local shopkeepers.

It saddens me to see our local baker, hardware store, convenience store, and mercados put out of business. Literally hundreds of small locally owned and run businesses have disappeared in the last several years due not only to the lack of tourism but also our lack of commitment to “buying local”.

Our Mexican economy is one that is very informal. Mexican statistics show that the way people and businesses contribute to paying taxes is archaic, and on top of this, many continue to use age old loop holes and strategies to reduce their final taxable income to nil. In the end it is the Mexicans who suffer. By putting up with inadequate living conditions, schools, medical care. There is much to be done to bring this rich and beautiful country into the modern era. We can begin by educating those long time local government employees that those illegal activities have long-term implications that affect all of us living in Mexico. Payoffs for permits, and back office deals may benefit people in the short term, but really it’s like robbing Peter to pay Paul. We all suffer in the end.

Our local informal economy thrives on our patronage. We may not now be able to do much about about governmental corruption, but, in the short term we can commit to buying from our local, family owned businesses and by supporting our rich and active local culture. Remember, whether you live here year round or just for a few months, your can improve the life of other Puerto Vallartans by going to their store, buying their products and learning about their culture. It’s time to move out of your BIG super store comfort zone and “buy local”. Remember, we are all in this together. The chain is only as strong as its weakest link.

After several years of uncertainty the only thing that is certain is uncertainty.  Remember, that it’s not a steady ship that makes a good sailor. Our uncertain times and stormy economic seas have given us the opportunity to reflect and to think about what we want out of life. Perhaps it is time to stop being so apprehensive, and tentative, and to realize that now, more than ever, is the time to enjoy our life and upcoming retirement. Our future is unknown, so how can we hide behind the drapes, peering out for the next big crisis. Of course, we should show self-restraint and self-discipline—but we also don’t want to miss out on some incredible opportunities coming up on the horizon.

Thankfully, a lot of lessons have been learned from the economic pitfalls during the recession. These lessons give us a chance to step back and to make some calculated decisions, about current and future property investments. By intelligent self-regulation, and by optimistically embracing our future we can now purchase safely and wisely.  In this new worldwide economy, where we are more intertwined than ever—fiscally, politically, and emotionally—each action and reaction by each one of us effects the market and the world as a whole. So it is essential, at this time to be positive, smart and self-disciplined. So, seek out your dreams! Look for new ways of finding joy and new and exciting experiences! This will not only improve your life, but the lives around you, and the world as a whole.  Happy New Year and the best to all in this 2013!  May all your dreams and aspirations come true!

Saludos

Happy 2013

Photo courtesy of the great local tour company Vallarta Adventures

Hello I just wanted to let everyone who follows my blog about PV that I really apreciate the great comments that you have had in relation to the articles and content on my website and newsletter.  I will try to reiterate that PV is my home and the home to my wife and kids and we have a great time here and feel very safe.  There is a scattered amount of crime just like any other city but just like the hurricanes, there is no place for viloent crime in this city.  PV local economy is hurting right now and it needs to be helped by the poeple who have come and enjoyed the area in the past.  This city does not need much but it does need tourism,  it lives and thrives off of tourism and the locals are suffering because the tourism has been now been low for years.  Its really sad to see the streets without traffic and the boardwalks without people and the for rent signs on comercial spots all over town.  Even though we are all surviving, the thriving bubling and culture driven city that still exists and needs to be awaken just needs everyone to set aside at least a week out of their year to come down and share and leave some of their troubles that always surround big city life.  Now more than ever we need to relax and enjoy life and take the time to step back and look at the real important things in life which are friends family travel and leasure.  Thanks again and spread positive thoughts about vallarta and its wonderful people.

G3MEX Group is a Real Estate Investment, Development and Broker Services company centrally based in Puerto Vallarta, just minutes from the airport. Our market focuses on the coastal waters of Puerto Vallarta, inside Puerto Vallarta’s Bay of Banderas, and the exterior north and south zones of the bay.

With the remarkable number of retirees and imminent retirees, the real estate market is exploding in Puerto Vallarta as well as other popular points in Mexico. In the U.S. alone, within the next five years approximately 79 million people will be 55 and older, thus influencing this market all the more. These potential buyers are seeking either second homes or simply an affordable yet comfortable “resort” lifestyle. As a result of this expanding market, there are multi-billion dollar projects in Puerto Vallarta and the surrounding areas within the Bay of Banderas and outlining areas such as Punta Mita, Litibu, Sayulita, San Pancho, and Costa Alegre to the south are currently underway, which are providing infrastructure in areas of new mainstream interest.

This trend results in an enormous opportunity within the real estate market in Puerto Vallarta. However, the process of finding opportunities in the right location with an attractive return on investment (ROI) requires an in depth knowledge of the Puerto Vallarta area, the market, and an understanding of project and profit feasibility. The successful execution and completion of each project requires the combined expertise and support of professionals. Establishing such a network is vital, and for some, may take years.

One of our strengths is our established relationships with reputable companies essential to the real estate investment and development business. Our strategic partners provide the core services critical to ensuring profitable, secure and efficient investments, while our alliance partners provide additional value-added services for further securing these projects. (See below to view our core and alliance partners).