Filed under: Estates

I wish I had more than six photos to show you of this one. This Newport Beach beauty is on a double lot on the sand at Peninsula Point. It was deigned by Michael Collins to showcase an impressive modern art collection. The home is actually two homes, a five-bedroom home and a two-bedroom guest house. The grounds include a pool, spa, koi ponds, oceanfront terraces, a beachfront lawn, cabana, pool bar and many additional amenities. The homes have an open floor plan with massive “disappearing” wood and glass doors. The guest house has a subterranean level designed for entertainment and lounging, with media capabilities, bar and a saltwater aquarium window affording dramatic underwater pool views. This home is listed at $29.5 million.
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Continue reading Newport Beach Modern, Estate of the Day

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Filed under: Decor, Estates, Journeys, Books

Hotels are fine as far as they go. For a really luxurious vacation however, renting a private home or villa is much the superior choice. Of course the prices at the top-end can be astronomical. If money is no object, however, a new book called Luxury Houses: Holiday Escapes is a perfect guide to the best high-end hideaways around the globe. One of the standouts is Chanel designer Karl Lagerfeld’s former villa in Monaco (pictured here), which can be yours for a mere €30,000 per week. For that you get six bedrooms, panoramic views of the ocean and the mountains from an enormous terrace, a pool, Jacuzzi, game room and a tent on a private beach. The interior is described unironically as “quasi royal.”

Also on display is the Birkenhead House in Hermanus, South Africa (about $7,000 per night) with eleven bedrooms and three pools, dominating a steep cliff above Walker Bay where whales frolic; and Villa Indigo in the Caribbean Sea within a protective reef in Anguilla with two pools and a private beach and sandbar, for $16,000 - $38,000 a week depending on the season; as well as dozens more ritzy rentals from ski chalets in Switzerland to modern palaces in China.

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Stocks set for a struggle - CNN Money
LONDON (CNNMoney.com) — U.S. stock futures wavered early Tuesday as current optimism about the economy was offset by record high crude prices. At 5:20 a.m. ET, S&P futures were little changed and pointing to a flat start for Wall Street. Stocks

RPT-GLOBAL MARKETS-Oil near $120, boosts gold, dents stocks - Forbes
SINGAPORE, Might 6 (Reuters) - Oil prices held near record highs on Tuesday after storming past $120 a barrel, pushing up gold prices and stalling a recovery in Asian stocks. European equities were set to open flat to lower amid a flurry of results led

German Stocks Fall, Paced by Hypo Real, Munich Re, Lufthansa - Bloomberg
Might 6 (Bloomberg) — Most German stocks dropped, paced by Hypo Real Estate Holding. The commercial-property lender fell the most in two week after saying profit fell on markdowns related to the U.S. subprime meltdown and lower lending income. Munich

European stocks fall as UBS eclipses commodities - Reuters
PARIS, May 6 (Reuters) - European stocks fell in early trade on Tuesday, led by Swiss bank UBS (UBSN.VX: Quote , Profile , Research ) after it unveiled massive job cuts, eclipsing a rally among oil and mining shares gaining ground on higher commodity

Property stocks downgrade holds back FTSE - Financial Times
London equities were tiny changed in opening trade on Tuesday, after a wide-ranging broker downgrade hit property stocks, limiting overall momentum from resurgent oil stocks as crude prices set a new record. The FTSE 100 fell 0.25 per cent to 6,199

Asian stocks mixed; Australia trims losses after rates held steady - Forbes
HONG KONG (Thomson Financial) - Asian stocks turned mixed on Tuesday with South Korea extending gains on positive earnings outlook while Australia shut off the day’s low after its central bank left key rates on hold. The Reserve Bank of Australia

Asian stocks higher on easing U.S. recession fears; Hong Kong turns - Forbes
Asian stocks were mostly higher Monday, with Australia and Shanghai tracking gains on Wall Street on Friday as a better-than-expected U.S. jobs report boosted optimism that the world’s largest economy is recovering and has dodged a dreaded recession

European stocks flat early as UBS offset miners - Forbes
PARIS, May 6 (Reuters) - European stocks were flat in early trade on Tuesday, as weakening banks — after UBS unveiled massive job cuts — eclipsed gains in the mining sector on the back of rising metal prices. At 0713 GMT, the FTSEurofirst 300 index of

U.S. stocks fall Oil surges past $120 - International Herald Tribune
NEW YORK : U.S. stocks fell on Monday as resurgent oil prices set a record over $120 a barrel and doubts about Bank of America’s plan to purchase the largest U.S. mortgage lender renewed concerns about the nation’s economic health. The jump in crude oil

Stocks retreat as oil prices hit new high - Los Angeles Times
Wall Street pulled back Monday after Microsoft withdrew its bid for Yahoo and oil prices briefly rose above $120 a barrel to a new record. Microsoft had offered $47.5 billion to purchase Yahoo but scrapped the bid late Saturday when the software maker and

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says MSNBC.com

And in a new book titled Nextville, Barbara Corcoran speaks about where we will be retiring. One group of retirees is heading back downtown. They’re tagged as “ruppies”(retired urban professionals) . For example, I know a couple who left their beautiful home in the country, with landscaping, and flowers and trees, to live in a condo in the city. Now, it isn’t a very huge city (Cedar Rapids, Iowa), but it certainly is a far cry from the country. Then again, no lawn to mow, no snow to shovel. They’ve a lovely view of the Cedar River…and the local convenience store. In the summer, they can walk to the Saturday a.m. farmer’s market… but not to a real grocery store. They both work in town, so they certainly are saving on gas money, and these days, that might be enough to pay the mortgage on that condo.

Would you move downtown?  Not me.  I spent too many years working downtown.  I want to be able to let the dog out in the yard, and watch the birds at the birdfeeder.  And I want to be able to plant a garden.  Anyone out there want to be a ruppie?

Tags: , baby boomers, retirement, ruppies

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