Property Summary & Resort Overview

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2 Property Summary & Resort Overview 3,000 acres of private land Elevation: Base: 9,500, Summit: 11,650 Average Snowfall: skiable acres 86 ski runs Sunny Days: 300 Public Ski Operation Years: , Current Use: Private ranch/retreat venue

3 The stunning mountain vistas and meandering forest trails will take you into a world of enchantment., formerly named Ski Rio Rio Costilla Resort is a year-round alpine playground, with infinite blue skies, unforgettable sunsets and endless possibilities. It is romantic, intimate and private, fused with relaxing and healing energy. It is perfect destination for your vacation, retreat, or for your ultimate wilderness adventure. is nestled in the picturesque nature of the Sangre de Cristo Mountains in Northern New Mexico, just below the Colorado State Line. Cultural centers Taos, NM and Santa Fe, NM are within comfortable driving distance from the resort. is a one of kind mountain resort celebrating New Mexico s stunning scenic beauty. Mesmerizing beauty of virgin nature and resort s surroundings, unforgettable sunsets and sunrises, exposure to great variety of wildlife species and create life time memories for guest and visitors. Endless Blue Resort features natural stage-like settings from which everyone can embrace the full glory of the beautiful Sangre de Cristo Mountain vistas, lakes, streams and meadows. Unique accommodation at the summit or mid-mountain cabins allows you to fall asleep or wake up surrounded by nothing but nature. For those who simply cannot let go of the outside world, the base of the mountain features several southwestern style adobe casitas with TV, Telephone and Internet connection.

4 Activity and Uses: The property features 3,000 acres of private land. The resort has been closed to general public since 2000 and is used as a private ranch/retreat venue. Several structures described in detail below provide accommodation for staff and visitors, ranging from southwestern style casitas to unique summit cabin. THE RESORT IS AN IDEAL PLACE FOR YEAR-ROUND ACTIVITIES: Corporate wilderness retreat Adventure wilderness camp Hunting retreats Survival camp Boot camp Therapy camp Research/science camp Training camps Private Outdoor Concerts Parties, celebrations, social gatherings Educational Classes Weddings Hot Air Ballooning Private Concerts Photography Helicopter rides Massage Treatments

5 SUMMER ACTIVITIES INCLUDE: Camping Hiking Horseback Riding Moonlight Strolls Mountain Biking Fishing in Private and Public Water Fly-fishing Lessons Sky-gazing Mushroom Gathering Mountain Climbing Scenic Mountain Train Rides Whitewater Rafting and Kayaking Great Sand Dunes National Park Gold Panning

6 ENDLESS BLUE IS A WINTER PARADISE: Cat Skiing Skiing in some of the finest New Mexican powder! Snow-cating Snowmobiling Snowshoeing Cross Country Skiing Sleding Survival Classes Snowboarding Backcountry skiing

7 Residential Subdivision The property also features a 312-acre residential subdivision that consists of 90 lots. Endless Blue resort owns 53 lots and 37 lots have different private ownership. There are 10 residences/cabins constructed on the lots outside of ownership. The subdivided lots are made ready for immediate development (Building Permit is required). The Homeowners Association is formed to oversee all activities in the subdivision and is controlled by.

8 DEVELOPMENT POTENTIAL: The property features a unique development potential. Apart from the re-development/retrofit of existing structures, variety of options exist for future residential and commercial development. owns 53 lots located within the subdivision that are ready for immediate residential development following an issuance of a building permit. Major Development Plan/Site Development Plan is required for commercial development and is subject to compliance with the Taos County Land Use Comprehensive Plan. Additional development potential exists on the property. According to the current Taos County Land Use Comprehensive Plan, resort property can be divided according to Use-by-Right into 140-acre lots that can be further partitioned by the owner into 70-acre lots. The 70-acre lots can be also divided by the owner into 35-acre parcels/lots. As the property is located remotely from any existing development (with the exception of the subdivision), the potential for development exists without major permitting obstructions that normally exist in urban/municipal areas. The ski areas utilized a snow making technology in the past, suitability for constructions is thus boosted with sufficient water supplies and adequate water rights awarded to the owner of the resort.

9 Amenities & Accommodation (in use): SUMMIT CABIN: 844 sqf One of a kind mountain chalet, located at the summit of the resort with unparalleled views of the Sangre de Cristo Mountains. The cabin provides ultimate privacy and seclusion as well as cozy asylum for up to 10 people - ideal retreat place and one of a kind housing experience. The resort can accommodate up to 26 people at the moment, featuring three different types of accommodation. MID-MOUNTAIN CABIN: 1,322 sqf Mountain cabin located in the mid mountain area, providing ideal access to trails and connecting roads as well as perfect views of the entire resort and its summit. The cabin can accommodate 8 people and is perfect for retreats with the ultimate advantage of providing easy access to the summit as well as the base of the mountain. CASITAS: 2 one-bedroom casitas (700 sqf) 2 three-bedroom casitas (1,200 sqf) Adobe Style/Southwestern Casitas, fully equipped for ultimate comfort of its guest. Variety of sleeping setup allows for comfort and privacy of guest. The casitas are conveniently located at the base of the mountain and with easy access to resorts infrastructure.

10 History: The Rio Costilla Cooperative Livestock Association initially developed the Rio Costilla Resort back in Construction for the first season included a day lodge, a Poma triple chairlift, and two Stadeli surface lifts. The area is located between San Luis, Colorado and Taos, NM, just below the Colorado state line. The Costilla valley is sparsely populated and the resort initially relied on day skiers from Taos and Alamosa, Colorado. The Rio Costilla Co-Op ran the resort for the first two seasons. The resort s ownership changed over to the Poma Group. Liberty Federal S &L headed by Michael Furman provided financing for the resort and eventually took control as Miracle Mountain,Inc. For the ski season Rio Costilla installed a new triple chair, the A or Alpha lift (The original lift was renamed B or Bravo). This chair was located to the left of the base lodge and provided excellent beginner terrain. Along with the new ski lift, condos and additional ski runs were constructed. During the summer of 1985, a used Riblet double chair was added to the summit of Cinnamon Bear Bowl. The lift was purchased from Stowe, Vermont and previously operated as the Mount Mansfield double chair. The reinstalled double chairlift brought Rio s skiable acres to over 910. By 1987, Ski Rio was the first resort in New Mexico to welcome snowboarders. The ski area created a sponsored free-riding team along with amateur snowboarding events. With the snowboarding events, the area purchased a new pipe dragon to make a state-of-the-art half - pipe, New Mexico s first. The season was Ski Rio s best on record. Snow hit northern New Mexico and combined with regular snowmaking operations brought skier visits to over 70,000. For the and seasons Ski Rio operated with a full schedule. In 1999, the Silvertree Restaurant was rebuilt and marketing towards snowboarders drew sizeable crowds. The following season, Ski Rio was faced with poor snow conditions and Cuchara, the area s sister resort, shut down. Rio ended up closing in January despite recent snowfall. Ski Rio has not operated since January of *Source:

11 Structures, Accommodation, Restaurant (closed/defunct) The 3,000 acre resort features several hospitality hotel buildings, accommodation & hospitality structures as well as other structures. Among these are: PARADISE HOTEL: 40 rooms (80 beds 2 standard beds/room) STONE BRIDGE HOTEL: 20 rooms (20 beds) SILVER TREE HOTEL: 20 rooms (31 beds) 4 SNOW VILLAS: (950 sqf) BLUE MOON RESTAURANT CONFERENCE CENTRE The above-described structures were constructed in the 1980 s and 1990 s and were in-use during the years when the resort was open to public. The structures are currently not in use and could be re-furbished or torn down. HISTORY AND SKI OPERATIONS: Under his former name Ski Rio (Rio Costilla Resort), the resort was first developed in Construction for the first season included a day lodge, a Poma triple chairlift, and two Stadeli surface lifts. For the ski season Rio Costilla installed a new triple chair, the A or Alpha lift (The original lift was renamed B or Bravo). This chair was located to the left of the base lodge and provided excellent beginner terrain. Along with the new ski lift, condos and additional ski runs were constructed. During the summer of 1985, a used Riblet double chair was added to the summit of Cinnamon Bear Bowl. The lift was purchased from Stowe, Vermont and previously operated as the Mount Mansfield double chair. The reinstalled double chairlift brought Rio s skiable acres to over 910. By 1987, Ski Rio was the first resort in New Mexico to welcome snowboarders. The ski area created a sponsored free-riding team along with amateur snowboarding events. With the snowboarding events, the area purchased a new pipe dragon to make a state-of-the-art half pipe, New Mexico s first. Throughout the 90 s multiple owners operated Ski Rio. Season was Ski Rio s best on record. Snow hit northern New Mexico and combined with regular snowmaking operations brought skier visits to over 70,000. Ski Rio has operated until January 2000 and has been closed to public since, currently being operated as an exclusively private ranch/private resort under new ownership.

12 ADDRESS: State Road 196 Amalia, NM CONTACT: Vaclav Vochoska, LLC 5150 Tamiami Trail Nort, Ste 503 Naples, FL

13 DIRECTIONS AND DISTANCES Taos, NM: 49 miles Directions from Taos, NM: 49 miles Directions from Colorado Spring, Co: 180 miles Santa Fe, NM: Colorado Springs, CO: Amarillo, TX: 122 miles 180 miles 320 miles Take US-64 W/Paseo Del Pueblo N Continue onto NM-522 N Turn right onto NM-196 S Take I-25 S Take exit 52 for I-25 S toward US-160 W/ Walsenburg/Alamosa Keep right at the fork, follow signs for US- 160/I-25 S and merge onto I-25 Turn right onto US-160 W/W 7th St. Continue to follow US-160 W Turn left onto CO-159 S/Miranda Ave Continue to follow CO-159 S Continue onto NM-522 S Turn left onto NM-196 S

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