Rare Ranchette with an Adobe Residence & Investment Rental in Magical Arroyo Hondo ~ Everything you've ever dreamed about exists right here in Arroyo Hondo. A rare property with a flowing acequia and and an elegant and tastefully updated Adobe residence. With it, an income producing guest home that brings in $2k monthly, and potential for more. A few minutes down the road West you can play in the Rio Grande river, and the opposite direction East through charming Arroyo Seco, you can play on the world class slopes of Taos Ski Valley. The location couldn't be more convenient for the adventurer, or one who enjoys being immersed in nature. This lush parcel, just under 3 acres, sits right off a well maintained and paved Hondo Seco Road that offers great privacy, and some of the VERY BEST views in the Southwest. The enclosed flagstone patio and sea glass door which is an absolute masterpiece will create the best first impression that can be evoked. An immediate sense of vibrance, overflowing with plenty of natural light that compliment classy overhead fixtures, and endless Southwest charm. From the viga & beam ceilings down to the hardwood & saltillo tile floors, with a traditional fireplace, bancitos, corbels and step-down walls in between for displaying your art; you will feel right at Casa (Home). The sunken den will be a popular place for welcoming guests and cozying up around the fire, and the back bonus room/den will serve fantastic as an office, studio, workout space, home theatre, or additional sleeping space. Each of the 3 bedrooms and 2 bathrooms are spacious and extremely comfortable, particularly the large primary ensuite tucked at the back of the home beaming with plenty of natural light, a private egress to the back yard, and a highly functional primary bathroom. The open-concept dining room and kitchen with a second egress to the back deck will be the ideal place for starting your daily routine, creating tasty memories, and entertaining friends for dinner parties. The enclosed and landscaped backyard with a pond & fountain is where you, your pets, and children will desire to spend most of your time during the warm months tending to the garden, playing, and relaxing under a starry New Mexico sky. The 2 bed 2 bath mobile home in the back is practically brand new. The irrigated land surrounding is a blank canvas, ready to be transformed into a seasonal garden with access to water from the acequia ditch. The location is hard to beat, and finding a home with proven income potential like this is not easy. If you don't want the guest home, and prefer the extra land, then sell it! It's practically brand new and would go well on any parcel. This is a must see Ranchette, with a spectacular residence and investment property that you must see for yourself!