100 Stevens Drive Ownership Guide

The Residence

5 beds, 4.5 baths, 6,163 sq ft

Nestled in thick pine and groves of aspen, this gorgeous residence has an immense open floor plan. No expense was spared in the design of the extravagant kitchen containing granite countertops, stainless steel appliances, subzero freezer, and wine chiller.

A massive stone fireplace welcomes you into a living room surrounded by floor to ceiling windows to take in the sublime views. Other amenities include a private deck off the master bedroom, a wraparound deck with private hot tub, and ski out access.

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“Unless you wish to own a second home outright, no other luxury second home ownership model and management company will work harder for your best interest.”
-Mark T, current investor

Investment Options

YOUR CAPITAL IS 100% SECURED BY THE HOME, PAID FOR FREE AND CLEAR

Lifestyle Asset Group has formed an LLC or Limited Liability Company that is called "Lifestyle Telluride, LLC" and that LLC has made available in this Offering 40 LLC Units. Each LLC unit provides the investor with a 2.50% equity interest in the LLC, i.e. 40 units/100, (and accordingly, the vacation home) and one week of use.

Choose the investment level and number of weeks use per year that is right for you and your family.

$108,000 One-time Capital Contribution per unit/week, which represents a 2.5% equity interest in the property

$3,800 per unit/week in annual fees*, paid quarterly at $1,062.50

Cost per night in this model: $542 (annual fees/nights of use)

Examples:

  • 4 weeks per year: $432,000 capital contribution, $15,200 annual fees*
  • 6 weeks per year: $648,000 capital contribution, $22,800 annual fees*

* These fees are allocated directly to expenses relating to the comprehensive maintenance and management of the residence, including property taxes, utilities, interior and exterior maintenance, HOA fees, flood insurance, household supplies as well as deferred maintenance.

Rotating Priority Reservation System

The Freedom of Flexibility

Lifestyle Asset Group’s rotating priority reservation system (PRP) allows shareholders to plan their vacations with as little or as much advanced notice as they choose. Shareholders can sponsor unaccompanied guests, giving them the flexibility to send family & friends on amazing vacations, use them as a reward for a high-performing employee, or as a donation to their favorite charity.

Group A: ( invests in 4 weeks or more per year)

Each Group A shareholder is assigned a number 1-6, depending on how many shareholders invest and when they first commit to the project.

Once assigned a number, shareholders will be able to reserve 50% of their total allocation of weeks in the ensuing 12-month calendar in an order from Shareholder #1 through 6.

The order of 1 through 6 changes each year with shareholder 2 advancing to 1 in the second year of the PRP and shareholder 1 moving to 6 in year two. By rotating the order in the selection process under the PRP, all shareholders will have years of holding position #1, #2, etc.

Group B: (1-3 weeks of use per year)

After Group A reserves 50% of their allocation, each Group B shareholder is assigned a number 1-6 and the process begins just like for Group A where shareholders will be able to reserve the week(s) in the ensuing 12-month calendar in an order from Shareholder 1-6, which rotates every year.

The application of Group A’s remaining weeks follows Group B's selections.

Each shareholder can then evaluate their own timelines and schedules in applying their remaining week(s) in their account for additional dates that are attractive to them. There is no formal structure for these reservations and they are all first come-first serve; last minute or well planned.

Weeks Allocated for Rental Income

Weeks that are to be donated to the rental pools will be assigned after the PRP process is completed so as to not interfere with important vacation dates for Group A & B shareholders.

“Space Available” Reservations There will be periods during the year when the property will be unreserved and available and shareholders are welcome to reserve the home on short notice without deducting from their allocated weeks. Accordingly, whenever the villa is available and unreserved twenty-one (21) days hence, this opportunity for a short notice reservation shall be deemed “Space Available”.

Rental Participation Program

Dollars and Sense

Shareholders have the option to rent some of their weeks to offset annual expenses. You’ll receive approximately $10,000 in net credits for every week you donate to the rental pool.

As you can see in the chart below, if you enjoy 3 weeks of use and rent 3 weeks, your annual expenses are not only, covered, but you can make a profit of $7,200 for 21 nights of vacations.

Six weeks per year investor

Weeks of Use Weeks Rented Annual Fees
6 0 $22,800
5 1 $12,800
4 2 $2,800
3 3 $7,200 Credit
2 4 $17,200 Credit
1 5 $27,200 Credit
0 6 $37,200 Credit