How Is AMREP Corporation Doing?

seekingalpha.com has a article about AMREP titled “Amrep’s Rio Rancho Dream May Turn Out To Be A Desert Mirage“. Everyone who lives in Rio Rancho should know about AMREP (especially if they live in one of their shitty houses). Overall the article indicates that the company’s media business is on the decline and it’s not well understood how much it’s real estate is worth.

It is currently a company that engages mainly in the business of subscription fulfillment services, newsstand distribution services and product packaging and fulfillment services as well as a bit of staffing businesses. We will call these businesses collectively as Media services and they make up pretty much all of the company’s business activities on a regular basis. The second aspect of the stock’s value is its large ownership of land in the city of Rio Rancho, New Mexico.

In the 1960s, AXR purchased the massive plot of land in Rio Rancho and it was mass marketed to people all over the world as a retirement home or an investment property. The 1960s ads marketed them as wonderful investments at a mere $10/month attracted investors worldwide and particularly from New York. AXR then sold thousands of plots to different investors without considering the future development possibilities of Rio Rancho. Thus, Rio Rancho is now left with the legacy of this antiquated platting method where any meaningful area for development has already been developed and most of the land left has been divided in ownership due to AXR’s own past plot sales.

Be sure to check out their website, which is as shitty as their houses.

More Non News On The Village At Rio Rancho

Village at Rio Rancho

I’m still waiting for The Village at Rio Rancho to open. According to the Albuquerque Journal “Unser corridor attracting more business, development“, the area is growing with business. But its not clear what is going on with The Village.

The Village at Rio Rancho, proposed for 65 acres across the street from Rust, remains preliminary, according to Geisel.

“We are excited that the developer is starting to make plans for the next steps in the project,” he added.

The Last Pack Trip Into The Pecos Wilderness

On Friday 7 September 2012 4 friends and I rode horses into the Pecos along with 2 pack horses and 1 one guide. We rode about 8 miles up to East Pecos Baldy. The horses were provided by Tererro General Store and Riding Stables at a cost of approximately $1250 (not including tip). The pack horses carried each of our back packs at about 30-40lbs each and 70lbs of food (with an undermined but significant amount of that weight in alcohol). Since the Pecos Wilderness is a Wilderness, no motorized vehicles are allowed.

Tererro General Store Riding Stables
Tererro General Store Riding Stables

The Tererro General Store typically takes hunting parties into the Pecos but we not interested in hunting, just a way to get into the mountain without having to carry 40lbs plus packs 8 miles in. However we were hiking out, all downhill and theoretically with less pack weight. What could go wrong?

Which brings me to the title of the article. Apparently there has been an overall reduction of horse packing business for the Tererro General store and insurance is not only becoming more expensive but harder to get as insurance companies don’t want to cover horse packing. Therefore this will be their last year of providing these trips and they plan to sell off the stables and horses. We weren’t the last trip up for the horses as they had a few more hunting parties going up but we were near to being the last trip.

Horses packed and waiting for riders
Horses packed and waiting for riders

This is the first time I have rode a horse since I went to the Philmont Scout Ranch over 20 years ago. I was a little nervous that the horse I was going to be riding would take one look at me and decide to ignore all my commands. There was nothing to be nervous about. The horses, mine was name Sampson, has been on this trip many time and knew the way better than I did and was used to newbies trying to drive. There was very little for me to do except keep him from running into the other horses when they suddenly stopped and from taking any shortcuts that we might get stuck in (they aren’t all that smart sometimes).

My horse was named Sampson
My horse was named Sampson

We start the trip about 10am New Mexico time and arrived at our destination 8 miles up the mountain about 12:30pm. The 8 mile ride took us through some forest, then to a large clearing with some grazing cattle.

The riding party
The riding party
Cattle with pointy things along the trail
Cattle with pointy things along the trail

We were back in forest when getting to our final destination.

Some fallen trees along the trail
Some fallen trees along the trail
The horses will be happy to get rid of us
The horses will be happy to get rid of us

It mostly rained the whole time so we had to come up with covered communal area where we could sit around the fire and not get soaked. There also wasn’t a lot of firewood, the area had been picked pretty clean. What little firewood we found was wet.

Campsite in the Pecos
Campsite in the Pecos

We spent time exploring the area near East Pecos Baldy. There are supposed to be big horned sheep in the area but all we came across was cattle and a few bow hunters on horseback also looking for sheep.

Pecos Baldy Lake
Pecos Baldy Lake

We were lucky to have a day of no rain where we were able to hike to the top of Ease Pecos Baldy.

Near East Pecos Baldy
Near East Pecos Baldy
The group (except the photographer) on top of Ease Pecos Baldy
The group (except the photographer) on top of Ease Pecos Baldy
People on a nearby peak
People on a nearby peak

Finally, we hiked out on 10 September 2012. While we ate and drank our way through most of our supplies we still managed to have quite a bit of weight on us on our way out. Making us wonder why we didn’t rent horse to take us out.

Hiking out
Hiking out

The enitire photoset can be viewed on the Flickr set “2012-09-07 Pecos Pack Trip“.

Where Is The Village At Rio Rancho?

The Village at Rio Rancho goes here someday
The Village at Rio Rancho goes here someday

According to a Albuquerque Business First Article “Unser corridor bursting with retail, office activity” the Village at Rio Rancho was support to start “This Summer”. Since the article was written in May 2012 that would make it last summer. Currently all we have is a lot of cleared desert that will turn into atmospheric dust come this spring. The City of Rio Rancho only mentions this special tax deal from 2009.

Meanwhile down the road in Albuquerque “Construction starts on new Westside ABQ plaza“.

Filmed In New Mexico: The Lost Room

ThelostroomI saw the Lost Room expecting it to be some cheesy SciFi channel B movie. Instead I found the mini series has a good story, good acting and I couldn’t stop watching until I found out what happened at the end. From Wikipedia:

The series revolves around the titular room and some of the everyday items from that room which possess unusual powers. The show’s protagonist, Joe Miller, is searching for these objects to rescue his daughter, Anna, who has disappeared inside the Room. Once a typical room at a 1960s motel along U.S. Route 66, the Lost Room has existed outside of normal time and space since 1961, when what is only referred to as “the Event” took place.

It was completely filmed in New Mexico. In one scene that was supposed to take place in Las Vegas, NV a Albuquerque city bus drives by.

Don't Hit A Cow In Rio Rancho

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There are too many issues with cows in northern Rio Rancho. It surprises me that the owners of the cows aren’t more concerned with where the cows are. If they don’t care about potential car accidents with someone being harmed or killed, I would expect they would be concerned about what is their lively hood. I’m afraid that someone will die before something is done about it.

This letter to the editor of the Rio Rancho observer “If you hit a cow, make sure you have NMLB phone number to verify owners” documents one persons attempt to hold someone accountable.

I want to share the following information with my fellow Rio Rancho residents. On Sept. 20, 2010, about 8 p.m., I slammed into a cow on Unser Boulevard near Progress Road.
In 2010, there were 10 accidents involving cows and, luckily, none of us was killed. I’ve spent the last 2 years working to hold someone accountable, including the City of Rio Rancho, to keep residents safe, but to no avail.
Also, I’ve also done lots of research to help us. I contacted the New Mexico Livestock Board (NMLB) after my incident and gave the NMLB administrator the cow’s ear tag number that the Rio Rancho police officer retrieved after my incident; the administrator told me it was a King Ranch cow and that the “family should be sued for negligence.”
I took the King Ranch brothers to court but the administrator testified that she never told me it was a King Ranch cow and that the cow’s ear tag is not the identifier. The case was dismissed on Sept. 20, 2012 with still no one held accountable.
If you or someone you know has an incident involving a cow, ask the officers to contact the NMLB at 841-6161 to identify the cow by its brand; the NMLB is the only entity that can identify cattle. Also, Rio Rancho is a “fence out” area meaning that cattle owners have the responsibility to keep their cattle fenced out of our highways.
We only have ourselves to help with the cow situations; let’s keep passing valuable information to each other.

No Hockey This Winter At The Santa Ann Star Center

The Santa Anna Star Center was built in Rio Rancho to primarily be a venue for the New Mexico Scorpions hockey team. Not only are the New Mexico Scorpions not playing there, the New Mexico Mustangs won’t be playing there either according the the Rio Rancho Observer “Mustangs ‘inactive’ for season“.

The New Mexico Mustangs, who called the Star Center home for the past two seasons of North American Hockey league competition, were officially “granted inactive status” by the NAHL and will not compete in the league in the 2012-13 season.

A ticket to a Mustangs’ game wasn’t exactly the hottest item in town: The team drew an average of 802 fans for each of its 29 home games in 2010-11 and then 721 fans for each of its 30 home games in the just-completed season.

The situation with the Santa Anna Star Center was covered by the New York Times in 2011. The company that convinced the city to build the center, Global Entrainment, went around the country getting a lot of cities to build similar arenas making promises that didn’t come true.

Animals dumped in Rio Rancho

A KOAT article “Animals Run Wild In Rio Rancho, Retired Officer Says” says that stray animals from the rest of Sandvoal County are being dumped in Rio Rancho.

“They’re either being brought by the citizens, who are dumping them in Rio Rancho, or they’re wandering in, and that’s just a burden in Rio Rancho,” he said.
Sandoval County leaders said the only animal control officer was transferred after he was involved in a criminal incident that was still under investigation.
Sheriff’s deputies were expected to continue to respond to certain animal control calls. Because they cannot transport animals, county leaders asked residents to take stray animals to local shelters to help with the problem.

Some Company To Build Fake City In New Mexico

Some Company I never heard of is going to build a fake city somewhere in the Albuquerque Metro area. the 20 square mile city will be used to… test technologies? Why they can’t do the same thing is a real city is beyond my understand of the press release.

Pegasus Global Holdings, an international technology development firm, is announcing plans to develop The Center for Innovation, Testing and Evaluation (The Center), a first of its scale and scope fully integrated testing and evaluation facility for new and emerging technologies. With offices in Washington, DC; Reston, Virginia; and London, UK, Pegasus Global plans to locate the privately owned, commercially operated facility in the State of New Mexico
The Center will resemble a mid-sized American city, including urban canyons, suburban neighborhoods, rural communities and distant localities. It will offer the only of its kind opportunity to replicate the real-world challenges of upgrading existing city infrastructure to that of a 21st Century smart city, operating within a green economy.

Pacheco Canyon Fire In Santa Fe, New Mexico

Santa Fe, New Mexico Pacheco Canyon Fire As Seen From Rio Rancho by gregjsmith, on Flickr
Santa Fe, New Mexico Pacheco Canyon Fire As Seen From Rio Rancho

Say hello to New Mexico’s newest fire, the Pacheco Canyon Fire In Santa Fe. The fire was visible from my house in Rio Rancho on the day it started but I haven’t been able to see it since Saturday. On Sunday there was too much smoke from the Arizona Wallow fire to see much of anything.

InciWeb says the fire has burned over 3000 acres and describes it as extreme.