Karen, a native of Evanston, Ill. near Chicago and a 16-year veteran of Santa Fe real estate, has represented some of the marquis properties in The City Different. Valued for her savvy negotiation skills and indepth understanding of market trends, she puts her expertise to work for all her clients. Her cumulative experience - the daughter of a prominent Chicago architect and sales experience in wholesale apparel design working at the famed Chicago Design Mart - has provided her with a keen eye for the built environment. Hard working, straight-forward, and dedicated to providing her clients with unparalleled service, Karen consistently ranks among the top producers at French & French.

With her daughter now finishing up her final year in college, Karen has become an avid international traveler, and also makes the most of Santa Fe's outdoor lifestyle and robust cultural scene. A resident of Santa Fe for over two decades, Karen has sat on the board of Rio Grande School, with which she still maintains close ties, chaired the Santa Fe Association of Realtors Community Service Committee for two years, and was active in many fundraising events, including St. Vincent's Hospital Foundation, Santa Fe Prep and Rio Grande School.

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Tax Considerations >New 1031 Exchange Rules One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property. A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same. Consult your tax advisor for more detailed information. See All Tips In The "Tax Considerations" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What area was designed to look like a 1940s southeastern town with traditional architecture? A  Disney's "Celebration" in Orlando, FL, will eventually have 8,000 houses and many commercial tourist attractions. See More Real Estate Trivia >