Property Updates, Delta Air, and chilled Malbecs and more…

I received some tennis court update photos from our hard working crew in San Rafael. All I can say is wow!

I think this is the first time I’ve ever actually seen a tennis court constructed from scratch. The speed with which this is moving along is very impressive. You can really get a sense from this photo of how unique our tennis center will be; set right in the middle of a beautiful 50 year old olive grove. It’s really going to be an amazing place, and we look forward to our guests playing on those courts in just a few short months!

I also received a great Algodon Mansion update from Gerhard Heusch. The glass for the six-story lightwell (which will include a waterfall descending to the lobby) is now being installed. Here’s picture of them working on it:

This aspect of the Mansion is very unique. Each suite has either door or window access to the lightwell, which offers sky views.

Good news for us in NYC: starting mid December of this year, Delta Air Lines provide flights between New York's John F. Kennedy International Airport and Buenos Aires, Argentina! The flights will operate five times a week!

The Washington Post’s recent article titled “Ah, a Cold, Refreshing ... Red?” talks of the surprising joys of chilled Malbecs on a hot summer day. From the article; “Malbec is very much the red wine of the moment, responsible for a stunning surge of imports into the U.S. from Argentina…Malbec has spicy, black-pepper tastes and we really weren’t sure ourselves how well it would stand up to a chill. The answer: fascinating…With a steak right off the grill or a rare hamburger, it would be hard to beat this taste on a hot day.”

I also found two articles this week regarding the U.S. debt and the weakening dollar. The first is from Yahoo! Finance, and the second The Washington Post. Both are worth the read as the country prepares for next year, and on. This is what I have been saying all along, it is prudent and timely that investors diversify outside the U.S. economy and into global assets. The dollar is still strong against the peso, and Argentine properties remain undervalued.

--Scott Mathis