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For Sale Exclusively Offered By Azure Enterprises, Inc. P.O. Box 880 Las Vegas, New Mexico 87701 505.454.6000 NM or 480-535-4800 AZ Cell 505-429-0039 Fax 480-295-7997 Email at: lwbrow@gmail.com

Forward Disclaimer and Notice This offer to sell is subject to withdrawal without notice, in whole or in part, changes in price or terms at the sole discretion of Seller. The information contained herein is from sources believed to be reliable, but no warranty is made as to the correctness of any data or descriptions, and all information submitted is subject to errors, change in price, terms or other conditions without notice. Readers are urged to form their own independent conclusions and evaluations in consultation with legal counsel, accountants, and/or investment advisors concerning any and all material contained herein. Lead Warning Statement The residence(s) on this property may have been built prior to 1978 and therefore could potentially contain lead based paint. Lead from paint, paint chips and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnant women. Seller has no knowledge of lead-based paint and/or leadbased paint hazards with respect to the subject property. Buyer may request the federally approved pamphlet, Protect Your Family from Lead in Your Home to learn more about lead based paint hazards. No Warranty No warranty is made by seller or Azure Enterprises, Inc. regarding the mineral and /or water rights appurtenant to the subject property or the acreage of the subject property. The property is being sold in its existing condition, as is, where is, without warranty of condition, expressed or implied and buyer shall conduct his own inspections and assumes all risks as to the condition of the property including environmental hazards, if any. Azure Enterprises, Inc. P.O. Box 880 Las Vegas, New Mexico 87701 Larry W. Brow, Broker Owner/Broker 505-454-6000 Office 505-429-0039 Cell 480-295-7997 Fax Email lwbrow@gmail.com www.azureranches.com

Pecos Arroyo Ranch Las Vegas, New Mexico Location: Approximately four miles north of Las Vegas, NM on highway 518 and across from Storrie Lake State Park. Size: Approximately 609.059 acres Improvements: Main house is 4 bedroom, 1 3/4 bath, large kitchen, living room, den with forced air heating system. Living room has a functional fireplace and skylights are in the living room, kitchen and den areas. The kitchen and living room floors were newly tiled and a new metal roof added in approximately 1996. There is a small rustic barn and storage shed near the main house. Land: The land consists of mostly flat to slightly rolling hill country with the Pecos Arroyo running through a portion of the ranch. Approximately 35 acres are irrigated from the Storrie Lake irrigation ditch, which includes 64 shares of the Storrie Project Water Users Association. The present crop is a mixture of alfalfa and grass and a small area north of the irrigated field is planted in alfalfa but is dry land farmed. The property is fenced with both perimeter and some cross fencing. The arroyo feeds four small ponds with one having been stocked with bass and catfish. The vegetation includes Pinion, Juniper, Cedar, Pine and some Cottonwood scattered throughout the native grasses. Some 6000 trees were planted in 1998 with various varieties including narrow leaf cottonwood, green ash, alder, lilac, rose, honeysuckle, plum, apple, apricot, and filbert nut. The ranch sits across the highway from Storrie Lake where boating and fishing and other water sports are available. Development potential: The city of Las Vegas has naturally tended to grow and expand in a northerly direction and more specifically along highway 518 which goes to Mora and Taos. The Pecos Arroyo Ranch fronts highway 518 and thus sits in the path of future development opportunities. There is approximately 7600 feet of frontage along the highway and the Mora San Miguel Electric Coop has a substation along the highway near the mid point of the ranch. The state has recently completed construction of a new fourlane section of 518 from Las Vegas up to the dam at Storrie Lake. Climate: The marvelous climate of the Las Vegas area is a major benefactor to newcomers as well as old timers. The average mean daily temperature for July is 64.4 degrees F and for January 34.5 degrees F. The average annual rainfall is 17 inches while the average winter snowfall is near 36 inches, however it usually comes in the form of 2 to 4 inches per occurrence and rarely lasts longer then 48 hours due to the high mid day winter temperatures. Another attraction of the area climate is the clear dry air where frequently the visibility allows mountain ranges in excess of 100 miles to be seen with the naked eye. Las Vegas was included in a list of top 10 places to retire by the Kiplinger Financial News Letter a few years ago primarily for its modest year around climate.

Area Attractions: The Las Vegas and San Miguel County areas are becoming one of the most recognized in the state for its abundant attractions and historic past. Established in 1835 by grant it was first settled in the name of fifteen Spanish families. By 1846, General Stephen W. Kearney found Las Vegas to be a thriving community of 1,500 when he took possession of New Mexico for the United States. William Becknell had by this time already opened the Santa Fe Trail between Independence, Missouri and Santa Fe for which Las Vegas became a scheduled stop. The Santa Fe Trail has now been designated a National Historic Trail. Other attractions include Fort Union National Monument, Pecos National Monument, Pecos Wilderness, The Armand Hammer United World College of the American West, and the Rough Riders Museum which until recently was the site for the annual Rough Riders Reunion. This area was frequented by such notorious men and women as the likes of Billy the Kid, Vicente Silva and his gang, Belle Sidons (alias Monte Verde), Jesse James, Doc Holiday and his girlfriend Big nosed Kate. Doc Holiday operated a dental office, saloon and gambling hall in Las Vegas before moving to Tombstone, Arizona. Price: This fine ranch is being offered at $1,550,000 cash. Front Yard Main House

Barn and storage buildings

Center Pivot for Irrigation Pond previous stocked with bass and catfish

Pasture with Cattle

Interior ranch road. Left side is dryland alfalfa field and right side is irrigated pasture