When you buy at Morning Star @ Red you automatically become part of the Resort Owners Group network. The Video above will give you a flavour of what you can expect. Below we cover some of the major benefits of buying fractionally at the beautiful Morning Star @ Red.

1.    Live the million dollar lifestyle… at a fraction of the cost!

When you do the math, vacation homes are costly. Even a two bedroom condo can run you several hundred thousand dollars and it may not really be the home of your dreams. The costs don’t stop there… there’s annual maintenance, repairs, taxes, insurance and all the management headaches associated with keeping your dream vacation home in maximum enjoyment shape.

According to a study conducted by the National Association of Realtors, the average vacation home owner spends 39 days per year in their vacation home and only 25% of rent out their home. It’s clear that traditional second home ownership is a challenge from a financial perspective..

Morning Star @ Red has a solution. Choose from 1, 2 or 3 bedroom luxurious units. By what you need and let other owners purchase according to their needs.

Only fractional ownership (and renting) allows you to align your use with your costs. For example, if you need 10 weeks per year (almost twice the average use) you will only pay for those 10 weeks. The advantages of fractional ownership, of course, are that you are able to participate in the appreciation and receive certain tax benefits, whereas with rental you receive none of these benefits.

When you realize that vacation home owners only use their home a small percentage of the year, you will begin to see the waste involved in buying a full ownership home the conventional way.

Buying at Morning Star @ Red will save you money.

If you purchase a 1/4 fractional interest, you are saving over 75% on the price of the home. In addition, you are also saving 75% on the annual operating costs, including maintenance, repairs, taxes, insurance and mortgage payments (if any). It's like getting a discount for using the home the same amount you probably already would have if you’d owned the home outright! You have to like that math!

2.    A central family “Gathering” place

Today’s families are more mobile than ever before. Disney has created a special division called “Gathering” just to focus on groups of eight or more who are routinely vacationing together. Aging parents are often retired in “active living communities” in sun drenched southern states and children may be at college or following their career paths on the other side of the country. Holidays tend to be short, hectic and cramped. What people need when on a vacation is a “central family gathering place” to help them slow down and enjoy being together as a family.

Morning Star @ Red will give you three great ways to host family gatherings:

1. Choose from 1, 2 or 3 bedroom units you would be proud to show your family and friends. The spacious units range from 960 to 2,195 square feet and each comes with its own hot tub, private decks/patios and stunning modern kitchens, perfect for entertaining..
2. “Stack” your weeks to use multiple homes at the same time, perfect for large family gatherings. Unlike other fractional projects where you are limited to certain weeks of the year, you can trade your other unused weeks for 2 or 3 homes at the same time (see illustration below).
   
   
   
3. Perhaps you would like to host a family gathering in the Sunbelt. Simply exchange your week with our exchange partner Group RCI to access lavish homes in some of the world’s greatest resorts (see examples below), or exchange internally with Resort Owners Group.
   
   You and your family deserve a “Gathering” place to relax, make new memories, and reconnect. Make Morning Star @ Red this special place.

3.    Gain Access to Exclusive Resort Areas

Pinehurst, North Carolina	Crane Beach Barbados

Picture this… you and your family in a fabulous Million dollar home in an exclusive desert resort, or overlooking one of the world’s ten best beaches in the Barbados at the luxury Crane Resort. Luxuriate in your 5,000 square foot home on the golf course in beautiful Mammoth California, or perhaps you would prefer Lake Tahoe or Steamboat Springs? How about Pinehurst North Carolina?

Yes you can enjoy the Million dollar lifestyle and have the pride of ownership at some of the world's most exclusive addresses when you buy a 1/8, 1/4, 1/2 or whole interest at Morning Star @ Red.
Fractional Ownership allows buyer who can only justify a modest investment get their “foot in the door” to exclusive resort areas they would otherwise find unobtainable.

Borgo di Vagli, Tuscanny, Italy	Mammoth, California

 

4.    Own Stress Free!

Who doesn’t need less stress in their life? This is one of the primary reasons to buy a fully-managed vacation home. Do you want to spend your vacation cleaning, getting the air conditioning fixed and repairing the pool? When you buy Morning Star @ Red you will never have those worries as all units come with third party cleaning and maintenance staff.

At Morning Star @ Red, owners collectively pay a third party to clean, maintain and repair their residence. While this does raise the total annual cost, the additional cost is divided between the owners so that each individual owner ends up paying less overall.

Fractional owners enjoy a cleaner, better maintained, and more up-to-date vacation home than their full ownership counterparts. They will also enjoy stress free visits to their vacation home and pay less individually!

5.    Think Green!

Buying a Morning Star @ Red unit is inherently more “green” than full ownership. It makes better use of natural and financial resources because a single home is divided between a number of partial owners who then align their purchase with their anticipated use.

If everyone who had the financial means and desire to purchase a vacation home did so, we would eventually see high rise towers and suburban sprawl blotting our beautiful resort and vacation areas. This is exactly what people try to escape. If instead, eight owners combine resources to purchase a large single family vacation home, we now have seven homes that do not need to be built! This means less disruption to the environment in every respect. Those eight owners know intuitively that they won’t spend the whole year at their vacation home so why not split the time and costs with other like-minded owners? This saves the owners’ money and saves the environment as well. It is a real win-win for everyone.

6. It's Real Estate, not Timeshare.

t’s common for people to think timeshare when you really mean Fractional Ownership. This is because in fact you are sharing time. The problem is that most people have negative associations with timeshare that simply don’t apply to Fractional Ownership in general and Morning Star @ Red in particular.

One of the significant differences between timeshare and fractional lies in the amount of deeded ownership allocated to their respective owners.

In a timeshare, the deed is typically split between 52 owners meaning that the corresponding deeded interest per owner is 1/52nd. That is, of course, if the timeshare offers deeded ownership at all – many do not.

Fractional Ownership, on the other hand, is different. A typical fractional arrangement will have far fewer owners. At Morning Star @ Red the maximum is eight owners. Many have as little as three owners. This translates into a significant amount of deeded interest for each owner.

Why does this matter to you? Well, it has to do with dilution of your deeded interest. The fewer the owners, the closer the price is aligned with the base real estate. It takes a lot of effort and marketing expense to sell to 52 owners. All of that overhead is passed on to you, the consumer, when you purchase a traditional timeshare product.

There is still overhead when you purchase a fractional but it is much, much less. It is simply easier and less costly to market and sell to two, three or four potential fractional buyers. The price you pay for a fractional ownership share is much closer aligned to the base real estate.

This translates into better resale rates and appreciation potential that will tend to follow general real estate trends for traditional whole ownership homes.

7.    It is a great way to diversify and enjoy your assets

The current financial stress has brought many of us to a painful reality. You can’t count on financial assets. They go up and they go down. The challenge with financial assets is that if they’re down you can’t get the same enjoyment out of them. If your resort home went down in value, at the very least you can still use and enjoy it. In fact, it is arguable in these times, that getting some down time to de-stress, enjoy your family and your life may be more important than ever.

Luckily, since you are in the market for a resort home you can take advantage of market conditions and buy at huge savings! Remember, in the long run real estate has been good, and at least with a terrific resort like Morning Star @ Red you can be assured that you will be getting tremendous usage and emotional returns year after year.

So our view is simple. There has never been a better time to buy real estate. It is a great way for you to diversify your portfolio away from stocks, bonds and mutual funds. A vacation home, whether it is a full ownership or a fractional home, allows you to make a “lifestyle investment” in your emotional well-being.

There is another way to diversify that is unique to fractional homes. Instead of purchasing a single full ownership home, you can purchase multiple dissimilar fractionals for the same total dollar amount.

Imagine this: not only can the homes be geographically diversified; they can also be diversified in terms of seasonality, size, amenities, and appreciation potential. For the same cost as a single high-end vacation home in a ski resort, with fractional ownership you could buy 1/4 of that home, plus another 1/4 in a home on a golf course, a third 1/4 close to a tropical beach and maybe even a fourth 1/4 in a hip downtown loft.

Fractional Ownership gives you options. The very wealthy have owned multiple vacation homes for centuries. Now fractional ownership gives nearly everyone the opportunity to do the same.

Would You Like To Learn How Easy It Is To Buy at Morning Star @ Red? Remember this is not a hard sell. We have an outstanding product. One you can be proud to show your family and friends. One that makes a great deal of economic and environmental sense. So, please either fill in the form below so we can start you “Living like a Millionaire” or call Terry Lynch at 1-866-8OWNERS or email tlynch@resortownersgroup.com