When everything else about the dreamy luxury houses you've been touring seems the same – view, location, quality of construction and amenities – and you're all dazed and confused and don't know which one to choose - then compare the cost per square foot of construction. That's what the appraisers do.

There are 3 basic ways to appraise a property - the market value based on sales comparables, the economic value based on rental income, and the construction cost.

In the USA, depending on the prevailing market situation in a given locale - more or less weight is typically given on each ot the 3 methods.

For commercial properties - often a blend of all 3 is appropriate with the most value often given to the income approach.

Residential appraisers usually rely most heavily on the market approach. However in Mexico (as well as other countries) - sales data is a closely guarded secret and tax authorities and appraisers usually end up giving the cost approach the most weight with many appraisers leaning heavily on the original asking price and insider information on what the actual sales price was... i.e. - Pssst. please tell me what you paid for the house... And voila! The appraisers numbers come in right on the money.

In Cabo San Lucas true luxury homes offer Sea of Cortez or Land’s End views, amenities such as Jacuzzis, marble floors, granite counters, upscale stainless appliances, quality cabinets, top-quality American bath, hardware, lighting fixtures, real garages, huge water cisternas, and of course – gated security and exclusivity.

A several year-old luxury home in Cabo del Sol or Palmilla – both golf communities - offer 2,500 - 4,000 square foot older homes @ $2,000,000US and up. Most come with views of golf greens, some with views of the sea, and all for a pre-economic crisis stratospheric price of $500 per square foot. A price point that’s affordable for a select few.

For those who don’t care to live alongside a golf fairway but want the same quality amenities and spaciousness as described above – Coci Homes and Century 21 Paradise Properties in Cabo offer 3 new luxury homes in the exclusive Terrazas Las Fuentes development just outside Cabo overlooking Land's End and the Sea of Cortez. And for only $549,000. Not $2,000,000. or more. Same marble, same granite, Jacuzzis, ocean views, gated entry etc. for only $137. per square foot! Not $500. How much golf can you buy with your 1.5 million dollars in savings?

Why the dif? Coci is a 40-year-old Mexican development company that has built 1,000's of homes in Mexico and have their act together. They usually build for Mexican professionals on mainland Mexico - this project is their first foray Cabo luxury housing market - and they knocked themselves out to impress you. Some say they overbuilt and the houses are a steal for the money.

The Rio model has a grand skylight lighted entry, and features 5 roof AND garage-top tiled patios and balconies, an ocean view Jacuzzis and more. The La Rivera model features a spacious great room with Sea of Cortez, Cabo and Land’s End view with a 30’ disappearing window wall that incorporates a grand balcony featuring an ocean view Jacuzzis.

The special low introductory price of $549,000 is offered on the first 3 homes and is an incredible one-time only bargain given that comparable quality usually costs 3-4 times as much. But golfers be forewarned – you’ll have to drive several minutes in either direction to find the nearest country club.

For more information on touring these fine homes contact Century 21 Paradise Properties agent David Mandich Local from USA- 011 52 624 130-4096, Toll Free Vonage: 1 520 204 1604, Cel. – 044 624 132-8919, email: davidm@century21baja.com

Learn more about Cabo San Lucas real estate by searching hubpages.com articles by David Mandich on Cabo real estate for sale, luxury homes in Cabo, Cabo Forclosures, Cabo Hot Properties, Retiring in Cabo San Lucas, Living in Cabo San Lucas vs. San Jose del Cabo, Terrazas Las Fuentes, Shopping for a luxury estate home in Cabo San Lucas, articles on Cabo villas condos homes for sale in Palmilla, Pedregal, Ventanas, Las Missiones, Cabo del Sol, Santa Carmela, Cabo Bello, and commercial properties such as Cabo businesses and hotels for sale. Mandich is a member of the Cabo MLS - multiple listing service.

Check out Mandich's articles on Hubpages for info on healthcare, plastic surgery, medical and dental vacations and more in Cabo San Lucas, Baja California Sur, Mexico.

Cabo is not only the preferred place in Mexico for American and Canadians for retirement or 2nd homes, but also it's the number one world-class destination for medical and dental vacations. And Cabo is only 2 to 5 hours by air from all major cities in the US and Canada.

Tip - Visit Cabo FREE!You can get free r/t air or up to 2 weeks hotel from cabocosmeticdental.com or cabocosmeticsurgery.com and David Mandich offers the same to clients who buy a Terrazas Las Fuentes home built by Coci from him.

You can view these beautiful homes at:

http://www.loscabosguide.com/cocihomes/index.html

USA - 011 52 624 130-4096, Toll Free Vonage: 1 520 204 1604

Cel.– 044 624 132-8919