First, here is a multi dimensional investing and business idea. Buy Ecuador Haciendas, farms and rancheros and improve them.
Ecuador Hacienda Rosaspamba we bought to fix up.
A New York Times article shows how entitled “Restoring Ranch Land for a Profit, and a ‘Trout Dividend’ by Sarah Max shows why this is a growing trend. Here is an excerpt: Jay Ellis, founder of the private equity firm Sporting Ranch Capital Management uses the logic that sporting ranches near desirable destinations are a rare commodity in association with T. Boone Pickens, the billionaire oilman.
The idea is to buy and sell ranches and improved them every time. Preservation is becoming a great way to use the land,” Pickens says “the timing for such a fund was right, thanks to a recovering economy and a natural gas boom that is bankrolling new buyers.”
The first fund raised $30 million among a dozen limited partners and is now fully invested with five properties in Colorado, Idaho, New Mexico and Utah. Mr. Ellis is planning to put all five ranches on the market in 2014 and is confident that these “pristine trophy properties” will sell quickly. Mr. Ellis is now raising a second fund, for $50 million.
“This is an asset everyone wants, but either the price is ridiculous or the property needs too much work,” Mr. Ellis said, adding that his focus is on improving the fishing habitat to lure private buyers willing to pay a premium. “Buyers typically don’t have the time or patience to do the work themselves.”
As the number of wealthy expats moving to Ecuador grows this idea will increase in potential.
An Otavalo condo for rent is shown in the paid advertisement below.
BEAUTIFUL ANDEAN MOUNTAIN RENTAL
SAN MARTIN GATED COMMUNITY
Property Overview: Conveniently located newly-constructed home off the Pan American Highway in Otavalo, Ecuador, with 1400 square feet has all the amenities for a short-term or long-term rental. It comfortably accommodates 6 adults. Only 1 ½ hours North of Quito, Otavalo is a must see destination for anyone wanting to experience South America at its best with an upstairs den, 3 bedrooms and 2 full bathrooms, The open floor plan downstairs has a spacious living room, dining room, fully equipped kitchen, social half-bath, outdoor enclosed patio with grill and outdoor wash area. Custom décor features local Andean artisans. This is the perfect place to relax and enjoy a once in a lifetime vacation or explore the region to become a future member of the ex-pat community that is settling in this area of Ecuador.
Area Overview: Otavalo is in Ecuador’s Northern Highlands and is approximately 20 miles north of the Equator. The elevation is 8,641 feet (2,633 meters) and provides a perfect year-round climate. Daytime temperatures generally range between 65 and 75F (18.3 – 23.9C). Light jackets or sweaters are recommended for mornings and evenings. Prepare to dress in layers especially if you want to venture out and explore.
Other amenities: Cable TV, DVD, local telephone, WiFi port for internet access ( WiFi services must be pre-paid by renter), water heater, refrigerator, gas stove/oven, microwave, cooking utensils, linens/blankets, towels and gated on-site security. Grocery stores are conveniently located. On-site English speaking Manager.
Areas of interest: Otavalo has the world’s largest indigenous market featuring native artisans’ woven tapestries, clothing, ceramic Inca figures, wood carvings, paintings, alpaca rugs and jewelry. The plaza is an ethnic labyrinth of vendors in their traditional dress. Nearby is San Pablo Lake which has wonderful restaurants and outdoor activities including miniature golf, hiking, horseback riding and fishing. Also within a short drive is Cotacachi and is renowned for its leather crafting while San Antonio de Ibarra has artisans that transform wood into beautiful works of art. This is a carved-out piece of heaven in the Imbabura Province. Pamper yourself for a morning or afternoon at the world renowned La Mirage Garden Hotel & Spa for a spa treatment or massage.
Custom tours, airport transfers and sightseeing can be arranged for our guests. Our rates (USD) for the 2012 season are as follows:
Daily Rate: $ 60
Weekly Rate: $ 250
Monthly Rate: $ 500
Incidental $ 250 deposit is required at check in (Cash only)
The house accommodates a maximum of 6 people
Restrictions: No Smoking, No Pets, No Student Groups and Adults only.
For availability, further information and payment contact:
Clemen Perez at email@example.com
Pay pal is also accepted.