Archive for July, 2010
Malecon Sculpture Tour
On the evening of Tuesday, June 29th, I left the condos at Rivera Cuale and walked down to the Malecon, as I had done many evenings before. This time was different though; this time I had a mission. I was on my way to finally take a dedicated look at the many beautiful sculptures there. I had read that a new organization in town, Learn Vallarta, was taking over the Malecon sculpture tour because the local art gallery that was doing them previously had stopped for the summer season. Having lived here for almost two years now, I was actually a little ashamed of myself for not having gone on one of these free tours sooner, so I decided it was time to take advantage of the opportunity! Also, I am not much of an art connoisseur, being pretty much a literal sort of personality. I figured having a knowledgeable guide to interpret the less literal sculptures for me would enhance the experience and garner me a new appreciation for the bronze figures I had walked past uncountable times before.
A group of about 15 of us set off from the first sculpture by the Rosita Hotel, The Millennium, at 6:30pm. It was a little overcast, but as long as it didn’t start pouring I didn’t mind, and besides, it was a nice reprieve from the blazing sun.
We were told that the inspiration behind many of the sculptures is the sea, and evolution, and that we would visit 13 sculptures along the Malecon. Here they are:
1. The Millenium, Mathis Lídice, 2001
2. The Nostalgia, Ramiz Barquet, 1984
3. Nature as Mother, Tapatio Adrian Reynoso, 1999
4. The Subtle Stone Eater, Jonas Gutiérrez, 2006
5. The Rotunda of the Sea, Alejandro Colunga, 1997
6. In Search of Reason, Sergio Bustamante, 1990 (or 1999?)
7. The Seahorse, Rafel Zamarripa, 1976
8. Triton and the Nereid, Carlos Esprino, 1990
9. The Friendship Fountain, James “Bud” Bottoms, 1987
10. Angel of Hope and Messenger of Peace, Hector Manuel Montes García, 2008
11. Dancers of Vallarta, Jim Demetro, 2006
12. Standing on End, Maritza Vazquez (“Blu”), 2007
13. Patron Saint of Cooks, Ramiz Barquet, 2008
If you’ve been to Puerto Vallarta, probably you’ve seen some or all of those. While they are all interesting and beautiful, I will share with you some of the ones that really made an impression on me, and the photos I took.
The Nostalgia – This is probably one of the most well-known of the Malecon sculptures, and it symbolizes the sculptor’s own love story between him and his wife, painter Nelly Barquet. As youngsters, 
the two planned to marry, but their parents did not approve and sent them away to different schools. 27 years later, after each having had their own families and marriages, they ran into each other in a Mexico City flower shop. They started to spend time together and sit on the Malecon to enjoy the sunsets, on the very spot where the The Nostalgia now stands. It was not long before Ramiz proposed marriage, and the two have been together for many years now. They live right here in Puerto Vallarta. I actually met them once, when I was new to the city, and had no idea then of their touching story.
The Rotunda of the Sea – This is a fantastical collection of sculptures that stir up the s
enses. The figures are positioned to form a rotunda, and they represent a transformation from the sea to human life. Originally there were 16 pieces, but over time, through weathering, a hurricane and vandalism, there are now only 7. The figures are really neat – you can actually sit in their bronze laps, and many people do, which explains the sculptures’ worn, shiny surfaces. If you look closely, you will see that the bench piece, which many unassuming passerby perch on, has eyes and ears! So watch what you say! Sadly, I wasn’t able to get a great photo of The Rotunda of the Sea for you because the tour was moving ahead without me.
In Search of Reason – This surrealistic sculpture is another highly recognizable one. Inspired by an English philosopher, it depicts figures on their quest for reason, or internal harmony, as well as the artist’s own. Two figures are perched on the 60’ high ladder, a
nd one figure stands at the base, arms outspread. While some interpret the figure on the ground to be the mother calling to her children, maybe to be careful or to come down from their ascent, I prefer to think that this figure is wishing the others well on their journey, perhaps singing in exaltation.
Something of interest is that this bottom figure was swept away by Hurricane Kenna in 2002 and ended up in the dump. Some enterprising youths found it, cleaned it up and tried to sell it. However (and fortunately!), it was recognized and reinstalled on the Malecon in its rightful place.
Triton and the Nereid – This piece was commissioned by the government and is a representation of the sea and human form at the same time. 
Triton is the son and herald of the Greek god of the sea, Poseidon, and is seen here reaching out to a Nereid, a Greek sea nymph. The Nereids are believed to have the gift of prophesy.
There was a time that now seems like a lifetime ago, where I took a couple of elective courses in university that covered Greek mythology. Interesting stuff…although keeping everyone’s name straight was always a challenge!
The Friendship Fountain – Hard to believe, but this is the only sculpture on the Malecon that has a fountain. It was created by an American sculptor as a gift from Santa Barbara, CA to Puerto Vallarta, its sister city. The fountain has three dolphins, to represent the two cities and their uniting friendship.
Vallarta Dancers – This sculpture doesn’t require much interpretation and made sense to me right away – it’s two people dancing! The base of the sculpture says that it was inspired by “youthful energy, flowing movement, colorful costumes of the talented Xiutla dancers and their instructor
and choreographer Prof. Enrique Barrios Limon.” I’ve seen some of these dance performances around Vallarta, and I can vouch for that description. The sculptor is from the state of Washington.
There are many other sculptures around Puerto Vallarta. Probably the largest is the massive 12 ton bronze whale in the entrance to Marina Vallarta. Its tremendous weight is carried on just one flipper! There is an intriguing sculpture of film director John Huston, who was here in 1963 shooting Night of the Iguana, on the Isla Cuale. There are other sculptures around Old Town as well. But I won’t tell you about them – I’ll leave it to you to enjoy the delight of coming upon them yourself.
Article and Photos by Leanne Smith
I welcome your questions and comments!
Rivera Cuale: Unique Investment Opportunity
Since 1998, Puerto Vallarta has experienced steady expansion of resort hotels and residential developments. Today, the core of Puerto Vallarta is virtually built out. Not much buildable land remains, which limits expansion of residential construction. One of the reasons that the Mexican government is spending billions of dollars on infrastructure north of Puerto Vallarta is to generate growth along the coast.
New growth is concentrated in the northern part of the Bay of Banderas. However, the northern zone is considered, by some, to be too far from the excitement and old town charm of downtown Puerto Vallarta. With the reduction of inventory close to the action, sales prices for houses and condominiums are increasing at a consistent rate.
Given these dynamics, Rivera Cuale offers a unique investment opportunity because it is one of the newest projects south of the Bay, with room to expand. Rivera Cuale is walking distance to the beach, and only blocks from markets and fine dining. While Rivera Cuale offers the excitement of downtown, it equally serves as a tranquil, riverfront oasis. Above all, Rivera Cuale is affordable in relation to its superior quality and desirable location.
Puerto Vallarta’s Strong Rental Market
If you are purchasing at Rivera Cuale for investment purposes, you are probably familiar with the popularity of Puerto Vallarta as a vacation destination. Vallarta has become so popular in recent years that young couples are now bringing their children, and eco-enthusiasts have found a new location to explore. But let’s not forget that Puerto Vallarta is also home to many working and retired expatriates. Rivera Cuale is an excellent location to rent to families, environmental enthusiasts, and those living in Vallarta year round.
Examples of Rental Rates Expected at Rivera Cuale (in USD)**
–Weekly, High Season (typically from November – April)
One-bedroom: $850
Two-bedroom: $1,750
Three-bedroom: $2,050
–Weekly, Low Season (typically from May – October)
One-bedroom: $650
Two-bedroom: $1,050
Three-bedroom: $1,350
–Monthly Lease of 6 to 12 Months
One-bedroom: $650
Two-bedroom: $1,050
Three-bedroom: $1,350
**Disclaimer: These are examples of actual rents received from comparable properties in 2009. While rates for 2010 have risen, unforeseen market fluctuations could strengthen or weaken the rental market.
Lock It Off
Rivera Cuale’s two-bedroom + den (Type B) floor plan offers a unique design feature that allows an owner to “lock-off” one half of the unit for rental purposes, while maintaining access to the second half of the unit. The second half then becomes another rental, or is used exclusively by the owner.
This is not only a smart option for pure investors, but also for part-time owners who do not want to limit their vacations due to rental availability. In addition, this is an option that can be implemented in the future, to accommodate a lifestyle change, like a sudden move out of the area. Likewise, it is just as easy to remove the “lock-off” feature.
Click here to read more about this layout.
Click here to view the floor plan.
No Real Estate Bubble Here
In simple terms, the real estate bubble and subsequent price corrections experienced in the United States were caused by overpaying for property, and the inability to re-pay loans. In contrast, Mexicans 
have a long standing history of cash real estate purchases. While mortgages are becoming increasingly more popular in Mexico, lenders require a 30% – 50% down payment. With such strict terms, it is unlikely that buyers will overpay, and there is little chance that mortgage holders will default. As such, the value of your investment is safe, and likely to grow at a steady rate.
Need a Nudge?
If Rivera Cuale is on your short list of desired properties to own, yet you need a little more convincing, treat yourself to two nights in our guest suite through the “Fly, Stay & Buy” program. If you are short on time, enjoy a “Sunset Evening” with wine and cheese on the terrace of our model unit.
Personalized Assistance
I am a licensed real estate broker from California with over ten years of personal investment experience throughout the United States, the Southern Coast of Spain, and Puerto Vallarta. For customized assistance, please contact deanna@riveracuale.com.
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