Santa Barbara Real Estate

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Santa Barbara’s NoTell Motels

April 21st, 2015 · Mark Lomas and Kirsten Wolfe, Santa Barbara Rentals

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An excerpt from Online Santa Barbara News resource EdHat’s Ernie Salomon reported on April 17, 2015 that             “The people of Santa Barbara had better wake up! Our city is being overrun by illegal vacation rentals in our R Zoned residential neighborhoods.  It is against Santa Barbara zoning laws for any type of short term hotel/motel type rental in R zoning.

At present there are about 1400 homes for rent by the night in greater Santa Barbara on www.Tripping.com alone.

These short term vacation rentals have severe adverse impacts socially, educationally, and financially.  They take more of our rental housing stock off the market.  They reduce the number of families with children and cost the City’s school systems about $10,000 for each child that are forced to move out of town with their parents because they’re unable to find a home here.  These vacation rentals change the complexion of our residential neighborhoods from the stability of long term residents to the instability of transient neighborhoods.

There are issues of noise and crime from short term renters. While the City Council turns their back on this problem fireman, police officers, and others can no longer afford to live here.  Is this a bad public policy when the vacation renters don’t shop here, don’t have an interest in the community, don’t belong to any local organizations, and schools lose revenues from the state?”

Shockingly some local real estate agents use the Santa Barbara MLS message board/email system to advertise these short term rentals to their peers which is a violation of the MLS rules and regulations, and the Code of Ethics?

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Miramar Hotel Approved!

April 19th, 2015 · Miramar Hotel, Montecito Real Estate, Santa Barbara Real Estate

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On April 14, 2015 the Santa Barbara Board of Supervisors approved Rick Caruso’s application to build the Montecito Miramar Hotel . Mr. Caruso was the third developer in 15 years to attempt to get approval, and on Tuesday he did ending years of fits and starts over the property.  The Los Angeles developer will be building a 170 room, 436 parking spots hotel on Miramar Beach as seen above in a painting by local Santa Barbara artist Chris Potter.  Upon final approval Tuesday Mr. Caruso invited the Board of Supervisors to the Grand Opening  on April 30, 2018. Rick Caruso also added, “We will build a great hotel that you will be proud of!”

Painting by local Santa Barbara artist Chris Potter 

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Santa Barbara’s Illegal No Tell Motels

April 18th, 2015 · KEYT Television, Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate

video platformvideo managementvideo solutionsvideo player Click on video for KEYT’s C.J.Wards investigative report on illegal rentals in Santa Barbara. Shockingly some Santa Barbara Realtors are using the Santa Barbara MLS message boards (emails to membership) to rent out these illegal rentals which is a violation of the MLS Rules and Regulations, the Code of Ethics, and Zoning Regulations in Santa Barbara. The shortest legal rental period in the State of California is 30 days.

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Santa Barbara Golf Course

April 13th, 2015 · Santa Barbara Real Estate, Santa Barbara Realtors, Sotheby's Real Estate

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The Hidden Oaks 9 hole  Golf Course is for sale through Sotheby’s International Realty for $1,995,000. It’s a par 3 public golf course in the Hope Ranch Annex – nestled alongside Hope Ranch – and is a wonderful opportunity for any golf aficionados that would like to own their own golf course. For more information and photos email Mark Lomas and Kirsten Wolfe at TheRealEstateConciege@gmail.com or call Mark at 805.845.2888 or Kirsten at 805.722.0322.

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Santa Barbara Real Estate News

April 7th, 2015 · Mark Lomas and Kirsten Wolfe, Miramar Hotel, Montecito Real Estate, Santa Barbara Homes For Sale

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April 2015:  It’s been 7 years since Santa Barbara approved the project, but bulldozers are now making way for “The Knoll” a subdivision on North Patterson Avenue that will include 12 new homes and an existing historic mansion on about 5 acres.  The builder is the Oak Creek Company, a Carrillo Street development outfit.  The Oak Creek Company will also start two other Goleta Valley projects in the next six months which include “The Boulders” that include 16 homes on 15 acres along San Antonio Creek Road, and the “Tree Farm” project on the Calvaletto property nearly adjacent to “The Knoll”, where 134 homes of diverse types – including 24 affordable units – will be spread across 26 acres.  The latter project was the most controversial, taking 12 years of planning until being approved in 2012.

On April 14, 2015 the Board of Supervisors will hear two more challenges to the Miramar Hotel project.  It never ends – sorry Rick. Miramar neighbors are arguing the hotel will eat up the residents on street parking, and have hired a Pasadena based lawyer Robert Silverstein. Further delays may have a spiraling impact  on the constructions schedule, and could sink the project.  The final decision could mean an appeal to the California Coastal Commission.  No day on the beach….

Thinking green and how technology is shaping your dwelling? Virtually every new home has an energy agenda.  For new homes to stand out on the market that has to be factored in. If you’re going for a “Zero House” (which produces as much energy as it uses) you have to build the most energy efficient structure you can.  If this perks your interest check out Boyce Thompson’s book The New New Home.

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Padaro Lane, Carpinteria, California

April 7th, 2015 · Carpinteria Real Estate, Mark Lomas and Kirsten Wolfe, Padaro Lane, Santa Barbara Homes For Sale, Santa Barbara Real Estate

Possibly the most desirable address in Santa Barbara! Unimaginably beautiful ocean front homes! Currently there are four homes for sale on Padaro Lane:

3611 Padaro Lane, Carpinteria, California asking price: $7,125,000 Berkshire Hathaway

3517 Padaro Lane, Carpinteria, California asking price; $7,950,000 Berkshire Hathaway

3111 Padaro Lane, Carpinteria, California asking price: $14,250,000 Village Properties

3319 Padaro Lane, Carpinteria, California asking price: $14,900,000 Village Properties

Santa Barbara Homes For Sale

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View from 3111 Padaro Lane, Carpinteria, California

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Solar Panel Pros and Cons When Selling

March 28th, 2015 · Hope Ranch Real Estate, Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Montecito Realtors, Santa Barbara Real Estate

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Can going green by leasing solar panels for your roof  save you or cost you money when you go to sell your home? Possibly both. Recently Kenneth Harney reported in the LA Times that as great an idea solar panels may be, that when you go to sell your home they could be a problem.  Some solar panel companies offer their panels at no upfront cost so you can save on electricity bills. Sounds good right? Not so fast. Say in a few years you decide to sell your home, and you think having solar panels might be a marketing plus. Maybe not.

Many prospective buyers balk after they learn they’ll need to qualify on credit to take over your lease solar payments for the next how many years? Others won’t sign a payment unless you pay off the lease.  And, there are no guarantees this equipment might be obsolete in the near future, or save as much on electricity as promised.  Adopting someone’s solar lease may not be such a great idea. Not all solar lease agreements are the same. The buyout sometimes can be astronomical. A realtor in Vacaville, California had her sale fall apart when it turned out the buy out on the lease was $30,000.

Residential solar installations are booming – up by 50% per year since 2012.  The takeaway here is be aware of the potential complexities that occur when you lease, rather than buy (recommended), solar panels. Understand your long term obligations, and talk to your current utility company about the savings claimed. If you are thinking of selling contact the leasing system well in advance to learn about the lease transfer and buyout options so you’ll be prepared if a prospective buyer has problems with your panels.

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Santa Barbara Real Estate Sales Market Trends

March 19th, 2015 · Mark Lomas and Kirsten Wolfe, Market Conditions, Neighborhood News, Santa Barbara Real Estate

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KEYT Santa Barbara’s Number 1 News Resource

March 15th, 2015 · KEYT Television, Neighborhood News

2MarkLomasKEYTanchor2015Thank you to everyone at KEYT televison the other day for your hospitality and graciousness! I had a blast! A special thanks to CJ Ward who took this picture, his wife and co-anchor Beth Farnsworth, and Santa Barbara’s Citizen of the Year John Palminteri! Nope, just a fun shot, but perchance someday they’re looking for on air talent?

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Santa Barbara’s Cars and Coffee in Montecito

March 15th, 2015 · Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Montecito Realtors, Santa Barbara Real Estate, SB Cars and Coffee

Big crowd in Montecito’s Upper Village this morning, and most of the cars here were amazing!

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Santa Barbara’s Cars and Coffee Website

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