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Questions answered by Michael Coyle!

Wednesday, August 5th, 2009

A little bird told me you were in Loreto recently!     Wasn’t me in Loreto.
What are your thoughts and what is going on with the project?     We have been trying to engage but with no luck. We stay in touch on all fronts and hope it somehow circles back to us. All parties at least know we are an option. We have a strong vision for the project well rooted in the original concept. I think Loreto Bay will be successful in the near term although it will take a few years for prices to recover. As long as everyone bought for the “right” reason meaning to use their home and enjoy the region then all will be well. Any flippers will be in trouble assuming they financed their purchase.

What did you think about Chuck Bedsoles email?     Chuck’s email was for all intents and purposes party line and meant to bring things to a head which it has done. He is a very intelligent resort expert which you may not have got to know because of the severity of the situation.

What is Citi & Chuck waiting for in a buyer?     The waiting for the right buyer part is a difficult answer to articulate. Let’s just say they would like to recover as much of their investment as they can and in this economy it is difficult for new buyers to predict the return of the market which has a significant impact on the price they are willing to pay as the cost of equity today is so high.

What is your opinion about Fonatur taking over the Hotel?     The Fonatur assumption of the hotel will just keep a heartbeat going in the hospitality assets. They won’t be able to do anything very positive while operating as a caretaker. I expect their tenure to be short.

It appears to me that all is heading in the right direction for you and your friends. The real losers in all this are the original investors, Citi and the town of Loreto which relied on transfer taxes etc… to stay alive. They are in serious pain now. If I were you I would rally the owners at the right time to do things for the townspeople. The foundation is the right way to go, just be sure to orient the funds towards the town’s sustainability rather than the turtles for now. 

They need to survive for you to survive down there and you will need them as your friends. They probably don’t have good feeling about Loreto Bay today with the impact its demise has had on them.

All the best,   Michael

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Sticker Shock on a Cab!

Saturday, June 27th, 2009

Are there any cabs in Nopolo? Answere from ANDREA ANDRADE

There are taxis at the airport those are about 250 or 300 pesos per person, quite expensive…

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Nellie is up to Property MGR!

Friday, June 19th, 2009

 

Hello Everyone,
 
Even though I have received numerous requests in the past to start a Property Management program, I have hesitated to do so as I did not want to be in direct competition with Loreto Bay Company.  However, with Citibank’s recent decision and the anxiety that it has caused locally and with homeowners far away, I feel that I need to make the best of the situation and create a positive solution. 
 
There are only two ways to do business here.  One is to be a sole proprietor and keep the business small; or to have a volume of business to warrant all the legal, tax, and labor commitments that a full business has.  I am the exploring the option of the latter.  Baja Boss is a legal entity and ready to start our Property Management Services commencing July 1st, 2009.
 
I have chosen Daniel Leal to be my Property Management business partner and Operations Manager.  I have known Daniel for the last 5 years and he comes highly recommended by the J.W. Marriott group; as well as other developers in Loreto that have had business dealings with him.  Daniel was the Operations Manager at the Whales INN (249 rooms) since December 2004 where he was responsible for all its areas, including Food & Beverage, Rooms, Sales & Bookings, Maintenance, and Security.  After the Whales INN closed its doors in 2006, he continued on with the new investors in the same location to assist in operations, maintenance, security, and all local administration to launch the project known as the J.W. Marriott.  As that project is now on hold for the time being, Daniel has now become available to explore Property Management opportunites with me.  Timing is everything and all signs seem to be telling me this is the right thing to do. 
 
We will be establishing our team from local Loretanos who we have known and trusted for many years.  Daniel has extensive experience dealing with employees, business administration, tax and labour law in Mexico.  There are many good people in Loreto that are willing to work hard for fair wages.  We are happy to be able to offer the following services for $1300 pesos ($100 USD) per month which includes the following services: 
  • Maintenance Crew to check your home security, lights, flush toilets, run water, appliances, and general wear and tear EVERY week.   We feel that it is important to check the homes at least once a week with the potential of weather or security problems at the current time.  There will be a report on file for each inspection. 
  • Accounting Clerk to receive payments and pay electric and water bills regularly, and property taxes and bank trust fees annually. 
  • English speaking Receptionist/Concierge that is available to answer your telephone, email or personal inquiries. 
Minor items such as changing light bulbs, removing mineral deposit build up from the toilet will be automatically done, and a nominal fee will be applied.  If there is a concern, we will email you with photos and a quote for work for your approval.  If you wish to have this work done, we will charge a 10% service fee to ensure that the work is completed satisfactorily. 
 
We will have a small cleaning staff and a set price list for regular cleaning, pre and post move-in, and other services.  In addition, there are many other good people that we can hire short term should the necessity arise, for example during a tropical storm.  Both Daniel and I have been in Loreto for the past several years and have good knowledge of what needs to be done both before and after the rains come. 
 
We are obtaining best quotes for air conditioning and landscape maintenace, as well as other services, which we will be pleased to pass along. 
 
There are approximately 300 homes in LBC Property Management, so there is plenty of business for everyone.  There are many good independents doing this business and they will continue to thrive.  In order for me to actually take this step and commit the resources to make this happen, we will need 140 homes signed up during this summer.  Forgive me for the length of this email, but time is of the essence.  If you are interested in signing up with our services when your LBC Property Management is terminated, please let me know immediately so that I can begin the start up operations.  In the event that I do not have enough expression of interest by next Friday, June 19, I will not be able to start the service July 1st. 
 
I appreciate your time and consideration.  If you wish more information, just reply to this email with the ‘SIGN ME UP’ in the subject field.   I have posted this information on my blog http://whereintheworldisnellie.blogspot.com/  for those that I do not have email addresses for.  Please feel free to pass along this information.  Thanks. 
 
Best Regards,
 
Nellie Hutchison

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Property Management June Newsletter Questions!

Wednesday, June 3rd, 2009

Who is writing these newsletters? Property Management Division Management

If a hurricane hits how do you determine what house your staff would stay in? Only homes participating in the Nightly Rental Program are used upon availability for this purpose.

Are the homeowners asked if they would like someone in their home? Even though the Loreto Bay Vacations agreement allows us to stay in the homes in these situations Home Owners are asked for permission, although most of the staff stays at the hotel.

How many homes would be involved in this protection plan? Founders? AV?  All homes participating in Property Management would be involved in the protection plan, regardless if they are in Founders or Aqua Viva.

As for the fire extinguishers how much are they and are they ones that can be recharged every year by someone in Loreto?  , Yes, they can be recharged; there is a professional provider in town available to recharged extinguishers whenever is needed.  Price is depending on the size of the extinguisher .

Door stoppers again how much are they and can we buy them from your office when we are down in Loreto? Stoppers are 130.00 pesos plus taxes, installation is included, and yes, you can buy them from us.

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Swine Flu Vaccine at Least 6 Months Away!

Wednesday, May 6th, 2009

By Daniel DeNoon & Revised by Louise Chang

April 30, 2009 — The CDC says a swine flu vaccine will take at least six months to make in large quantities.

And that’s if all goes well. If things go well, and we develop a full-scale production, it would be several months until the vaccine were available,” the CDC today announced in a news release. “By traditional methods, it takes about six months to produce large quantities of influenza vaccine.”

There are two important phrases in the CDC announcement.

The first is “if things go well.” To make any vaccine, scientists first have to develop a “seed” strain of the virus that grows well in hens’ eggs — currently the only FDA-approved way to make flu vaccine. This means taking DNA from the swine flu virus and putting it into an egg-loving flu strain capable of rapid, massive growth.

That process takes about three weeks, the CDC estimates. Around-the-clock work is under way, but the virus grows only so fast.

Once the seed virus is created and sent to manufacturers, it will take them eight to 11 weeks to create small batches of flu vaccine for safety testing. If the vaccine proves safe, mass production begins.

That normally takes several months. “But influenza vaccine production is pretty unpredictable,” the CDC warns.

Flu vaccine makers already are making flu vaccine for the next Northern Hemisphere flu season. Normally, vaccination begins in September.

The question is whether the CDC will ask manufacturers to switch to making swine flu vaccine — and risk not having enough seasonal flu vaccine — or to try to add the swine flu to the seasonal vaccine, thereby risking delay of seasonal flu vaccine.

In either case, there won’t be enough flu vaccine to give to every single American — let alone everyone in the world. So even before there’s a swine flu vaccine, we’ll have to face difficult decisions, CDC Acting Director Richard Besser, MD, today said at a news conference.

“We would be looking to see … who the groups are at greatest risk for having bad outcome,” Besser said. “It’s less of a science decision than it is a societal decision because, clearly, we would not be able to have vaccine for 300 million people.”

Faster Swine Flu Vaccine?

The second interesting phrase in the CDC announcement is “by traditional methods.”

Hens can lay only so many eggs in the sterile production facilities used to make vaccine. It’s a tricky process, and a lot can go wrong — but in most years, flu production goes smoothly along its six-month time track.

If growing viruses in eggs seems old-fashioned, that’s because it is. There is a faster way to grow vaccine viruses — in cultures of human cells — and it’s already approved in Europe. Baxter International Inc. has already asked the CDC for seed virus to get production under way.

And according to media reports, Baxter already is in talks with the World Health Organization about making a swine flu version of its Celvapan vaccine. Baxter told Dow Jones Newswire it could make vaccine available 12 to 16 weeks after getting a seed strain of the virus.

And there are other technologies, too. For example, Novavax Inc., in Rockville, Md., says its virus-like particle technology could produce a swine flu vaccine in 10 to 12 weeks.

One reason officials may hesitate to order a flu vaccine made by methods that haven’t yet met the FDA’s safety standard is the U.S. experience during the 1976 swine flu scare.

That year, a deadly swine flu outbreak among military recruits in New Jersey led to crash development of a swine flu vaccine. Just as the vaccine was about to be deployed, vaccine makers asked the government to indemnify them against any possible harm the vaccine might cause.

That led people to suspect — wrongly, as it turned out — that the manufacturers suspected the vaccine was unsafe. And when serious side effects occurred in a small number of early vaccine recipients, the entire vaccine program came to a halt. Later analysis — too late to save the CDC and the Ford administration major embarrassment — showed these side effects weren’t actually unusually frequent.

WebMD senior writer Miranda Hitti contributed to this report.

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2 cents from TCC!

Wednesday, April 15th, 2009

1) It seems to us the vast majority of invoices from LBC are accurate. We do occasionally see mistakes. I am confident that in Agua Viva, LBC is not trying to “pull a fast one” (old problems from Founders are a different issue). There are alot of houses, and thousands of reports/billings/ photos every month… not easy to keep all of this organized. Please give them a break. (Exception: Billing issue at FN-0149… that one is troubling)
2) TCC Progress reports for April will be the week of 20-24 April… if there is anything special you need us to look for, please let us know… we have a good system for tracking special requests.
3) Two homeowners have recently made negative comments on Club Loreto Bay regarding TCC. We are not members, so we have no opportunity to respond. We are not perfect, but when there is a problem, we ask for the simple courtesy of letting us know (prior to posting on a website). We cannot fix a problem if we do not know it exists.  Gracias, Bill Doyle

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What to expect at the Farmers’ Market!

Monday, April 6th, 2009

The market is usually on Sunday, but sometimes switches to Saturday, so check around before you go into town. It is THE way to get fresh produce and find all the things needed for the week. If you need toys for grandkids, or any kid-related thing it most likely will be there, including shoes.  I even bought a pair of shorts there after realizing I had packed like an idiot. From the tamale lady ( a big favorite of ours), to the meats (don’t look too closely if you’re squeamish) , cheeses and candy cart (love the candied nuts!) your appetites should be appeased.  Here are a few photos of what to expect. The easiest way to find it is go into town and at the El Pescador market turn right …you will run into it. Take small bills, it’s faster.

I’d love for you to share a favorite find at the market. Or what you’ve created from ingredients purchased there!

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Homeowners take notice, burglar in the area!

Monday, April 6th, 2009

March 10, Well the homeowners worst nightmare comes true! Eric & Liz FN250 got struck with a theft during their time in town at the farmers market. Coming home they found that their computer was gone from the table and a kitchen window slightly open. It was their business computer and they will be writing a followup to this story! The burglar used a tool that would unlatch the 2 locks then popped the window & climbed into their home.The wait for the new buyer will be over soon! We will post and email all who have subscribed to Nopolo News Newsletter!

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Berry on Tech Talk!

Saturday, February 28th, 2009
Barry Sardis has invited you to join Tech Talk on Club Loreto Bay

Come join me on Tech Talk on Club Loreto Bay, Barry Sardis

Tech Talk This is a place to discuss, and ask questions about, issues with Road9 & related technolgies, SlingBox, cell phones, etc.1 memberCreated By: Barry Sardis

Check out Tech Talk on Club Loreto Bay:

http://www.clubloretobay.com/group/techtalk?xgi=8f3dCp0

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Answers From Hector Morales.

Thursday, February 19th, 2009

Where is Mike Ravenhill?  He is working on defaults with LBC.

For that matter is Mr.Coyle still involved? He is not involved with LBC managment.

 

Is there any plan to have a homeowners shuttle to and from town and the airport? There is no plan at this time . There is lots of legal paperwork that has to be done to get this approved.

 

Any discussion about having locked kayak areas along the water front? Not at this time!

 

What is going on with the roadways? They will be completed but at a slower pace than hoped. When will it be done? No set time. Why was the road lowered? Redoing the infrastructure and leveling out

what was there.

 

Will someone from the new mgr company be at the next homeowners weekend? Not planned, those are for the homeowners.

 

Who is still working at the Arizona office and what are their job titles? There are a few people left there, but most of the team is on the Loreto Bay paseo or at the INN.

 

Any questions you have should be sent to moreinfo@loretobaynews.com 

We have been told that the electrical transformers were going to be moved under ground. They will all be under ground but not until more sales have been made to generate more money. When? Sorry but no date is set as of yet.

Warranty group seems to have down sized and there are many issues with things under warranty.

The builders in founders basically left after doing their job and it has been impossible to get them back to fix many of the problems. LBC tried to stay up with issues as they came up. In AV the builders do not get their final payment until all the issues within the warranty time period is up.

When will the Aqua Viva cannels be opened to the sea? Maybe by the end of the year.

When will the many bridges be started over the canals? After all the building is complete and the

heavy trucks don’t need to get into the area. The main road to AV will soon be closed down to all traffic. All the workers and heavy equipment will come into the area from the main off ramp into Nopolo. This will keep the founders streets clean and used for pedestrians.

Can a homeowners please be on the group that will be helping with business development of the area? It has not come up at this time.

Where will a permanent homeowners parking area be located? There are 2 lots that will be over by the police station off the frontage road.

When will it be started & ready to go? Not until there are more homeowners needing that service.

Are there plans to have a Home Owners Meeting room? Yes, in the middle of the area in AV.

Can the homeowners have a room that we might have a workshop? Not at this time.

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