| Do you remember the 1927 novel, "The
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| | mile stretch of the Mexican Riviera is
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| Treasure of the Sierra Madre", which was
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| | exploding with population growth and new
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| about a couple of down-and-out Americans
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| | development.
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| that joined up with a crusty old timer to
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| | One of the results of Mexico's 1917
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| prospect for gold in Mexico? It was later
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| | Revolution was the Agrarian Law which
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| adapted into a film by John Huston in
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| | provided the redistribution of land from
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| 1948, who returned to Puerto Vallarta,
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| | the wealthy land owners to the farming
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| Mexico in 1964 to film "Night of the
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| | peasants. This Agrarian Law prohibited the
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| Iguana".
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| | farmers from ever selling their land; they
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| The Sierra Madres have been and continue
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| | were only to work it. However, in 1973,
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| to be rich in mineral wealth containing
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| | the Mexican government modified the
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| vast deposits of gold, silver, lead, zinc,
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| | Agrarian Law, thus allowing foreign real
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| copper, and tin. The problem is; the
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| | estate investment in Mexico. Certain
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| majority of us North Americans can't do
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| | restricted zones were also made available
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| very much to prosper from or enjoy the
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| | to foreign buyers by establishing the
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| benefits associated with these rich
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| | fideicomiso, or bank trust. This 50 year
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| mineral assets. However, the Sierra Madres
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| | bank trust grants the real estate title to
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| do possess another great asset that we can
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| | a bank, acting as a trustee, who is
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| benefit from and enjoy; that is real
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| | obligated to follow all instructions given
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| estate!
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| | by the trust's beneficiary, the foreign
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| Now, we ask, where exactly are the Sierra
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| | buyer. The Agrarian Law was again amended
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| Madres? Well, there are actually three
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| | in 1993, allowing the ejido farmers, with
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| mountain ranges in Mexico, all referred to
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| | unanimous consent, to privatize or
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| as the Sierra Madres. The first is the
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| | regularize their land and sell off parcels
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| Sierra Madre Oriental range that runs
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| | to others. In 1994, NAFTA created a
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| about 700 miles from north to the south on
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| | dispute-settlement provision to protect
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| the eastern side of Mexico. On the western
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| | direct foreign investments in Mexico.
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| side of Mexico, the Sierra Madre
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| | Since the PAN Party took control in 2000,
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| Occidental range runs about 700 miles from
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| | there have been a number of other legal
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| the US border south to an area just north
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| | changes, all designed to encourage foreign
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| of Puerto Vallarta. The Sierra Madre Del
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| | investments in Mexican real estate. They
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| Sur begins close to where the Occidental
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| | include financing, title insurance, bank
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| range ends and continues south to
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| | trust regulations, and other tools to
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| Guatemala. The two western ranges are
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| | provide security to the foreign investor.
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| bisected by the Trans-Volcanic Axis which
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| | All Mexican land within 100 km of the
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| is a geologically active volcanic mountain
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| | borders and 50 km of the shorelines is
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| range whose smoldering cones link the
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| | considered as restricted zones and treated
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| western ranges with the eastern range.
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| | differently than the interior land. Since
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| This east to west volcanic range starts
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| | the beautiful western coastline property
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| near Cabo Corrientes, at the southern tip
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| | along the Mexican Riviera lies within the
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| of Puerto Vallarta´s Banderas Bay, and
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| | 50 km restricted zone, it is being slowly
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| ends just south of Veracruz on the Gulf of
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| | but surely acquired by foreigners through
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| Mexico.
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| | fideicomisos, as the ejido farmers
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| Now that we have the geography lesson
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| | privatize it. Of course, as it converts,
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| behind us, let's just position ourselves
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| | its value and selling price skyrockets,
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| where three of these four ranges
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| | thereby providing substantial new wealth
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| intersect, i.e., in Puerto Vallarta.
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| | for those fortunate land owning families
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| Standing in Vallarta, we look to the north
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| | or ejidos. There is so much magnificent
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| and see the Sierra Madre Occidental range,
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| | coastline available, this process of
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| to the south we see the Sierra Madre Del
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| | conversion will probably continue for
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| Sur range, and to the east we see the
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| | another generation.
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| Trans-Volcanic Axis range. Yes, even
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| | As this coastline gets privatized, sold to
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| though Puerto Vallarta is located on the
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| | foreigners, and developed, the North
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| Mexican Riviera along the Pacific Ocean
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| | American baby boomer invasion continues
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| coastline, you could say that it's in the
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| | and the local economy thrives as thousands
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| center of the Sierra Madres. Being located
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| | of new construction and service jobs are
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| in the center of the Sierra Madres and on
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| | created. The head of the local Chamber of
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| the Pacific Ocean, Vallarta offers some of
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| | Commerce has predicted the population of
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| the most scenic land anywhere on the
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| | greater Vallarta to reach 600,000
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| planet.
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| | inhabitants by 2015, making it much larger
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| Being located at the same latitude as
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| | than many northern US cities such as
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| Hawaii, the climate in Vallarta is
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| | Cleveland, Ohio. The current construction
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| essentially the same as Hawaii. With the
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| | boom seems relentless as new villas,
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| fabulous climate, outrageous views of
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| | condominium complexes, shopping centers,
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| mountains and ocean, located only two to
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| | and office buildings continue to spring up
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| three hours from the US, and a progressive
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| | daily.
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| PAN Party in power, real estate treasures
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| | While boating in Banderas Bay, you peer
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| in Vallarta have been discovered!
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| | across the water and see countless
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| The coastline from Riviera Nayarit, 45
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| | beautiful villas and condominiums nestled
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| miles north of Vallarta all the way south
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| | in the foothills of the Sierra Madres and
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| to Careyes on the Costa Alegre, 55 miles
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| | you must agree, "There's gold in them
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| south of Vallarta, is currently undergoing
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| | thar hills"; the real treasure of the
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| a major transformation. Due to the recent
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| | Sierra Madres is the hills themselves and
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| legal changes pertaining to the foreign
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| | the real estate contained therein. It all
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| ownership of coastal land in Mexico, the
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| | lies before your eyes and is now available
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| stable peso, the conservative and pro-US
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| | to you in Puerto Vallarta. So, why
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| Mexican government, and of course, the
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| | hesitate? Come on down this winter and
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| onslaught of baby boomers searching for
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| | explore the opportunities that await you
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| retirement destinations, this entire 100
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| | in Paradise.
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