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FINE LIVING IN THE GREATER PASADENA AREA<br />

<strong>February</strong> <strong>2017</strong><br />

YOUR<br />

MONEY<br />

TRUMP AND TAXES<br />

HOW WILL THE NEW<br />

PRESIDENT’S TAX PLAN<br />

AFFECT YOUR BOTTOM LINE?<br />

INVESTING<br />

IN ART<br />

Should You<br />

Take the Risk?<br />

FINANCIAL<br />

ADVISERS<br />

How to Find a Planner<br />

Who Will Pad Your Pockets,<br />

Not His Own<br />

DAVID BOWIE<br />

IN MEXICO<br />

Images of<br />

the Rock Star<br />

Debut at Forest Lawn


Design Art.<br />

Build Art.<br />

Lic.653340 Photo by Alexander Vertikoff<br />

ARCHITECTURE. CONSTRUCTION. INTERIORS.<br />

626.486.0510 HartmanBaldwin.com


4 | ARROYO | 02.17


arroyo<br />

VOLUME 13 | NUMBER 2 | FEBRUARY <strong>2017</strong><br />

11<br />

31 35<br />

PHOTO: (Bottom left) Fernando Aceves; (bottom right) Radius by Helen Frankenthaler, courtesy of the Museum of Modern Art<br />

YOUR MONEY<br />

11 NEED A FINANCIAL ADVISER?<br />

Strategies for fi nding a fi nancial planner who will look out for your<br />

interests — not his<br />

—By REBECCA KUZINS<br />

27 TRUMP, TAXES AND YOU<br />

A look at what the new president’s tax plan could mean for your<br />

fi n a n ce s<br />

—By BETTIJANE LEVINE<br />

31 BOWIE THROUGH A LENS<br />

A new Forest Lawn Museum photo show highlights the rock star turned<br />

art tourist in Mexico.<br />

—By BRENDA REES<br />

35 ART IS A RISKY INVESTMENT<br />

Here are a few pointers for aspiring collectors who want to take the plunge.<br />

—By SCARLET CHENG<br />

DEPARTMENTS<br />

08 FESTIVITIES HBO’s Golden Globes party, Panto at the Playhouse<br />

09 LÉON BING Remembering Carrie and Debbie<br />

16 ARROYO HOME SALES INDEX<br />

37 KITCHEN CONFESSIONS The skinny on Presidents’ Day<br />

39 THE LIST Van Gogh at the Norton Simon, Chinese New Year at the Huntington<br />

and more<br />

02.17 ARROYO | 5


EDITOR’S NOTE<br />

Warren Buffett offered some<br />

words to the wise about handling<br />

money, something the zillionaire is<br />

exceptionally good at:<br />

“Rule No. 1: Never lose money.<br />

“Rule No 2: Never forget rule no. 1.”<br />

That’s a pretty tall order for even<br />

the most sophisticated fi nancier,<br />

but there are steps you can take to<br />

protect and increase your assets.<br />

As Rebecca Kuzins reports, one<br />

important move would be to fi nd<br />

a fi nancial planner who’s also a<br />

fi duciary — someone whose goal is<br />

to pursue your interests, not his own. It<br />

may surprise you to know that some<br />

planners can sell expensive products designed to pad his/her pockets<br />

rather than yours. Dodd-Frank addressed that by requiring all fi nancial<br />

professionals who work with retirement plans to be fi duciaries, beginning in<br />

April. But that rule is expected to be shredded by the Trump Administration,<br />

so it’s more important than ever to do your homework before handing over<br />

your money. Trump has also vowed sweeping changes to the tax code, and<br />

Bettijane Levine breaks them down for you and explains what they could<br />

mean for your personal fi nances.<br />

Some investors like to combine pleasure with profi t by buying art in the<br />

hope it will grow in value. That sounds great in theory, but it’s tricky to pull<br />

off in practice, as Scarlet Cheng learned in interviewing several top L.A. art<br />

dealers, who offer advice to budding art afi cionados starting a collection.<br />

And readers who were as rocked as we were by news of Carrie Fisher’s<br />

December death, followed one day later by that of her movie-star mother,<br />

Debbie Reynolds, will want to read Lèon Bing’s fascinating account of her<br />

friendship with the troubled Star Wars icon.<br />

—Irene Lacher<br />

EDITOR IN CHIEF Irene Lacher<br />

ART DIRECTOR Carla Cortez<br />

ASSISTANT ART DIRECTOR Stephanie Torres<br />

PRODUCTION DESIGNERS Rochelle Bassarear,<br />

Richard Garcia<br />

EDITOR-AT-LARGE Bettijane Levine<br />

COPY EDITOR John Seeley<br />

CONTRIBUTORS Denise Abbott, Leslie Bilderback,<br />

Léon Bing, Martin Booe, James Carbone, Michael<br />

Cervin, Scarlet Cheng, Richard Cunningham,<br />

Carole Dixon, Kathleen Kelleher, Rebecca Kuzins,<br />

Brenda Rees, John Sollenberger<br />

ADVERTISING DIRECTOR Dina Stegon<br />

ACCOUNT EXECUTIVES Lisa Chase,<br />

Brenda Clarke, Leslie Lamm<br />

ADVERTORIAL CONTRIBUTING EDITOR<br />

Bruce Haring<br />

HUMAN RESOURCES MANAGER Andrea Baker<br />

PAYROLL Linda Lam<br />

CONTROLLER Kacie Cobian<br />

ACCOUNTING Sharon Huie, Teni Keshishian<br />

OFFICE MANAGER Ann Turrietta<br />

PUBLISHER Jon Guynn<br />

arroyo<br />

FINE LIVING IN THE GREATER PASADENA AREA<br />

SOUTHLAND PUBLISHING<br />

V.P. OF OPERATIONS David Comden<br />

PRESIDENT Bruce Bolkin<br />

CONTACT US<br />

ADVERTISING<br />

dinas@pasadenaweekly.com<br />

EDITORIAL<br />

editor@arroyomonthly.com<br />

PHONE<br />

(626) 584-1500<br />

FAX<br />

(626) 795-0149<br />

MAILING ADDRESS<br />

50 S. De Lacey Ave., Ste. 200,<br />

Pasadena, CA 91105<br />

ArroyoMonthly.com<br />

©<strong>2017</strong> Southland Publishing, Inc.<br />

All rights reserved.<br />

6 | ARROYO | 02.17


02.17 | ARROYO | 7


FESTIVITIES<br />

John Muir High School Choir<br />

Sarah Jessica Parker, Reese Witherspoon<br />

and Nicole Kidman<br />

Chris and Luke Hemsworth<br />

The Pasadena Playhouse celebrated the opening<br />

night of its Panto at the Playhouse production of A<br />

Cinderella Christmas with a benefi t for the theater’s<br />

education programs. The Jan. 8 event, co-chaired<br />

by Anita Lawler and Julietta Perez, included preand<br />

post-performance receptions with the cast…<br />

Pasadena event designer Billy Butchkavitz went<br />

with a clean, minimal look, punctuated by vibrant<br />

patterns in silver and gold, for HBO’s <strong>2017</strong> Golden<br />

Globes Party at the Beverly Hilton Hotel’s Circa<br />

55 restaurant and Trader Vic’s Lounge on Jan. 8.<br />

The stylish bash drew A-Listers including Nicole<br />

Kidman, Eddie Redmayne and many.<br />

Danny Feldman, Julietta Perez, Anita Lawler and Brad King<br />

8 | ARROYO | 02.17<br />

Eddie Redmayne and Gwendoline Christie<br />

PHOTOS: Elias Feghali (Pasadena Playhouse); Gabor Ekecs (HBO Golden Globes)


LÉON BING<br />

Carrie Fisher<br />

DYNASTY<br />

Remembering Carrie Fisher and<br />

Debbie Reynolds, royalty of Hollywood<br />

and a galaxy far, far away<br />

It was unthinkable. If that story line had been written into a screenplay, no producer<br />

would have gone near the idea; too unlikely, it wouldn’t play well with audiences. But<br />

it really did happen at the end of last year, and the public reaction was huge: People<br />

were staggered by the news that Debbie Reynolds died one day after her daughter, Carrie<br />

Fisher, suffered a fatal cardiac arrest during a 15-hour flight from London to Los Angeles.<br />

They didn’t get to say goodbye. Carrie lay in a coma and on life support for some hours<br />

at Cedars-Sinai Medical Center before her death last Dec. 27. She was 60 years old; her<br />

mom was 84. And behind the shock and disbelief, nearly everyone had a few tears to shed.<br />

I know I did, although my friendship with Carrie had drifted away over a stupid argument<br />

many years earlier.<br />

PHOTO: Riccardo Ghilardi<br />

Buck Henry — best known for his screenplay of The Graduate (in which he also played<br />

the small role of a hotel clerk) and his many appearances on Saturday Night Live during<br />

John Belushi’s tenure — introduced me to Carrie Fisher in the early ’80s at a small party<br />

held in the courtyard of artist Ed Ruscha’s studio. Buck, whom I’d known since we both<br />

lived in New York, said, “You two dames have got to meet.” Then he took me by the hand<br />

and guided me to a spot where Carrie stood, surrounded by admirers. Buck was right:<br />

Carrie and I clicked, and during that first conversation I was fascinated by her blazing<br />

intelligence and touched by the overlay of disillusionment around her singular beauty.<br />

We exchanged numbers and soon I was being asked to visit her home in the canyon (I<br />

can’t remember which one; it was before the bigger house on, I think, Tower Road) on a<br />

fairly regular basis. Carrie liked company and usually there were people around. Once I<br />

saw Timothy Leary dive into the swimming pool. Steve Martin was a warm presence at a<br />

brunch I attended. I met Debbie Reynolds one afternoon at the house when I was walking<br />

past the living room and heard a small, nearly musical “Hello” coming from the depths of<br />

one of the sofas. I sat next to her and we talked for a few minutes — small talk, but very<br />

pleasant; there was nothing of the big movie star about her.<br />

Shopping with Carrie was an interesting — and rather maddening — experience. One<br />

had to be careful not to admire anything, because Carrie would immediately try to buy<br />

it for you. She was the most generous and talented giver of surprise gifts, as well. I have<br />

a vivid memory of a clear plastic tote bag with an inside container (also clear) that held a<br />

perfect replica of a trout, a wedge of lemon and three or four ice cubes. Carrie Fisher’s eye<br />

for deadpan kitsch was supreme: she kept a life-size replica of a Guernsey cow in the area<br />

near her pool, and a lamp with a wooden base carved into bears climbing a tree in a guest<br />

bedroom. Carrie shared an October birthday with director Penny Marshall and every year<br />

it was celebrated with a big party at Carrie’s house. Tables were set out on the patio, the<br />

food — home-fried chicken and all the fixings — was supplied by Debbie’s housekeeper<br />

and cook, Gloria. The list of guests rivaled that of a seating chart at the Academy Awards<br />

and Carrie was an exceptional hostess: welcoming, funny and as always, genius smart.<br />

It has been well recorded (by Carrie herself in her first book, Postcards from the Edge,<br />

and later, in Wishful Drinking) that she had a major penchant for drugs. During an<br />

interview with Diane Sawyer she admitted to taking LSD and using cocaine as well as a<br />

02.17 | ARROYO | 9


LÉON BING<br />

Debbie Reynolds<br />

–continued from page 09<br />

10 | ARROYO | 02.17<br />

variety of other stuff. I had a memorable experience with Carrie one evening: I’d recently<br />

begun attending meetings at a 12-step program (I had my own bout with drugs) and I<br />

convinced her to come along with me to a meeting in Westwood. We stopped for dinner<br />

first. When we walked into the meeting, Carrie was immediately pulled into a hug by an<br />

award-winning leading man with whom she was friendly. She was able to sit through half<br />

the meeting before leaning in close and whispering, “I’ve got to get out of here.” On the way<br />

back to her home, she asked me to drop her off at a friend’s place so she could pick up her<br />

car. I pulled up to a duplex in Beverly Hills. Carrie got out and ran up a flight of stairs to<br />

the friend’s apartment.<br />

I decided to wait, figured she was going for the car keys — her BMW was parked near<br />

the stairway — but what if the friend wasn’t home? It seemed to take a longer time than<br />

a fast pickup and I turned my radio to an R&B station. Halfway through a version of<br />

Tipitina, Carrie came out of the apartment. She was clearly high on drugs. I jumped out of<br />

my car and yanked the car keys from her hand when she swayed to the bottom of the stairs.<br />

I’d take her home, I told her. She didn’t argue, just slumped into the passenger seat of my<br />

car. Even by the dashboard lights I could see her eyes were unfocused. We didn’t speak<br />

during the drive back to her house; Carrie was slipping into a deeply drugged-out state.<br />

When we pulled into the driveway, I got out from behind the wheel, steered her to her front<br />

door and rang the bell — I knew she had a couple friends there. A young woman opened<br />

the door, a young guy standing just behind her. They asked me to come in and between us<br />

we guided a nearly unconscious Carrie to the living room sofa.<br />

I was offered a cup of tea, took a sip and headed back out, weary of the whole evening,<br />

but as my car motor purred to life, I heard my name shouted. Both of Carrie’s friends ran<br />

up to my car to tell me she was more than unconscious: her lips were turning blue. I told<br />

them to make a kind of chair with their forearms and carry her to my car. They managed<br />

to slide her into the back seat and each sat on either side of the clearly overdosed Carrie.<br />

The guy — by then I’d learned he was the author Paul Slansky — held her head up, his<br />

hand under her chin, while the young woman, also a writer — Carol Caldwell — braced<br />

Carrie’s shoulders. We raced down the hill; I was heading toward Cedars-Sinai, the closest<br />

place I could think of. When we screeched into the emergency entrance, Carrie was placed<br />

on a gurney and rushed into a treatment area. I parked the car and we all headed into the<br />

waiting room. The three of us sat, waiting, for three or four hours — until Carrie’s stomach<br />

was pumped and she was taken to one of the celebrity suites. I visited a couple times and<br />

she looked exponentially better each time, making wonderfully funny, self-deprecating<br />

comments, some of which appeared in her first book. After that, we argued over a guy and<br />

drifted apart.<br />

When the movie version of Postcards, starring Meryl Streep as Carrie with Shirley<br />

MacLaine playing her mother, was released, I was surprised to see my part of that<br />

adventure-in-the-drug-trade assayed by Dennis Quaid. But who cares? Carrie Fisher is<br />

gone now, and her mom, Debbie, wasn’t able to stay behind.<br />

That’s a Hollywood — and an international — tragedy. ||||<br />

PHOTO: Allan Warren


NEED<br />

A FINANCIAL<br />

ADVISER?<br />

Pros recommend<br />

strategies for consumers<br />

in the market for a<br />

financial planner who<br />

will look out for their<br />

interests — not his.<br />

BY REBECCA KUZINS<br />

02.17 | ARROYO | 11


–continued from page 11<br />

SELECTING A SOLID FINANCIAL ADVISER CAN BE AS<br />

BEWILDERING AS NEGOTIATING A MAZE.<br />

There are many types of investment professionals with different titles, duties,<br />

qualifications and forms of compensation. Some adhere to a code of ethics that<br />

requires them to be a fiduciary — someone who acts in the client’s best interests,<br />

not his own — but others do not. (Dodd-Frank phases in a rule requiring all financial<br />

professionals who deal with retirement planning to act as “investment advice<br />

fiduciaries,” beginning April 10 — but the Trump Administration is expected to<br />

shred that mandate.) You also have to determine the type of adviser who will best<br />

understand your needs and comfort level with risk — avoid planners who typically<br />

work with a particular range of assets that don’t match your holdings.<br />

A good way to begin your search is to weed out the people who are not qualified<br />

to provide objective financial advice or serve as fiduciaries. Brokers, for example,<br />

buy and sell stocks, bonds, mutual funds and other products for their clients. They<br />

are not fiduciaries and are held to a lower ethical standard. They also receive commissions<br />

— payments for opening an account for a client or on the sale of a financial<br />

product by the company offering that product — and may persuade you to buy these<br />

products, whether or not you need them.<br />

Investment advisers offer guidance on buying securities and manage them for<br />

their clients; but unlike brokers, they are generally not in the business of selling<br />

securities. They are also known as investment managers, wealth advisers, asset<br />

managers, wealth managers or portfolio managers. Registered investment advisers<br />

(RIAs) are firms registered with the Securities and Exchange Commission that<br />

uphold fiduciary standards.<br />

A third category — financial planner — explores all your financial needs and<br />

helps you devise a plan to achieve long-term fiscal goals. “It’s important that a<br />

financial adviser be well-versed in more than just investments,” says Mitchell E.<br />

Kauffman, a certified financial planner and financial adviser at Kauffmann Wealth<br />

Management in Pasadena. “They should know tax planning, estate planning,<br />

retirement planning and managing risk. Our clients prefer someone who is more<br />

comprehensive, who can look at the whole picture instead of parts of it.”<br />

Certified financial planners, or CFPs, are licensed and regulated by the Washington,<br />

D.C.–based CFP Board, which administers an exam to people who wish to<br />

earn the CFP designation. CFPs may provide the most objective financial advice<br />

because they are fiduciaries, many of whom earn a flat, hourly fee rather than a<br />

commission, so they have no incentive to sell their clients products they might not<br />

need.<br />

The CFP Board’s website (cfp.net) provides a list of certified financial planners,<br />

with their specialties and compensation methods as well as contact information.<br />

The National Association of Personal Financial Advisors, a group of fee-only professionals,<br />

similarly lists its members on its website (napfa.org); you can also search<br />

the Financial Planning Association website (plannerssearch.org) for CFPs in your<br />

area. After you’ve compiled your list of names, use the Financial Industry Regulatory<br />

Authority’s (FINRA) BrokerCheck (brokercheck.finra.org) to see whether any<br />

have been disciplined for unlawful or unethical behavior.<br />

You can now select three or more CFPs and schedule interviews with them to<br />

determine whom you should hire. During these interviews, “the most important<br />

thing you are looking for, by far, is total and honest disclosure,” Carl Richards, a<br />

financial planner in Park City, Utah, told The New York Times. “If you get the sense<br />

someone is hiding things or avoiding your questions, move on.”<br />

Some financial planning firms prepare lists of questions for prospective clients.<br />

Leah Snell, a CFP and the partner and managing director of Pasadena-based<br />

Snowden Lane Partners, has a three-page list of detailed questions designed to unearth<br />

information about a financial adviser’s business structure and qualifications,<br />

relationship management, investment philosophy and compensation.<br />

Percy E. Bolton, a Pasadena-based fee-only financial adviser, has a questionnaire<br />

on his website to help you determine if a prospective financial planner holds<br />

to a fiduciary standard. The final question asks the planner to sign a fiduciary oath<br />

declaring s/he will act in the client’s best interests, will not receive any money<br />

contingent on a client’s purchase or sale of a financial product and will disclose any<br />

conflicts of interest that could compromise the planner’s impartiality.<br />

–continued on page 14<br />

12 | ARROYO | 02.17


02.17 | ARROYO | 13


INTEGRITY, TRUST,<br />

AUTHENTICITY AND A<br />

GENUINE DESIRE TO HELP<br />

PEOPLE ARE PARAMOUNT IN<br />

AN ADVISER.<br />

— LINDA K. POLWREK<br />

–continued from page 12<br />

Bolton maintains that determining a financial planner’s fiduciary status and<br />

form of compensation should be paramount concerns for prospective clients. You<br />

should ask the planner if s/he charges a flat fee or works on commission and find<br />

out how much the adviser typically charges.<br />

Other key questions include:<br />

• What experience do you have and how does that relate to your current<br />

practice? CFPs are required to have at least three years of financial planning<br />

experience.<br />

• What licenses, credentials or other certifications do you have?<br />

• What services do you or your firm provide? Financial planners generally<br />

cannot sell insurance or securities without the proper licenses, and they cannot<br />

provide investment advice unless they are registered with state or federal<br />

authorities.<br />

• What types of clients do you specialize in?<br />

• How do you plan to manage my money? “Advisers can range in investment<br />

ideology and it is important to understand the types of investments you would<br />

likely own, the risk associated with the investments chosen and the scope of<br />

how those investment decisions are made,” explains Alexander Leu, managing<br />

director at Pasadena-based Penniall & Associates. “Clients should always<br />

understand their portfolio and be educated by their adviser along the way.”<br />

“Planning advice is also crucial,” Leu adds. “What type of planning advice<br />

will you be getting? Will it be included in the investment management or will<br />

you be charged a separate fee?” He says his firm shows potential clients the<br />

planning advice they will receive and sets expectations for how this advice will<br />

be delivered. “It is important to know if you are getting a real financial plan<br />

or simply a CFP spitting out some basic projections via a financial-planning<br />

calculator,” he says.<br />

• How much contact do you have with your clients? Some financial advisers<br />

meet with their clients once a year to review their investments; others may<br />

meet every three months or more frequently. If you believe you need more<br />

support, you will want to make sure your financial planner holds frequent<br />

meetings and responds to phone calls.<br />

• Do you work independently or with a team? Some CFPs argue that a sole<br />

practitioner will provide more personalized service than a large firm. Leu, like<br />

others, says, “Clients should be looking for a team approach and a firm with<br />

many qualified specialists …You want to make sure that the adviser you chose<br />

has … professionals around him that can provide a sounding board for collaborative<br />

advice they deliver to clients.”<br />

• Personal characteristics: The CFB Board lists seven key traits you should<br />

expect from a financial planner: competence, objectivity, integrity, clarity,<br />

diligence, compliance and privacy.<br />

It is important that you feel comfortable talking to your adviser and believe he<br />

or she understands your needs and goals. “One of the biggest things that is often<br />

overlooked is a person’s ability to listen,” says Kauffman. “One thing I’ve learned in<br />

my training is if I’m saying two or three sentences in a row, I need to shut up.”<br />

“The most important thing, in my opinion, is chemistry,” says Linda K. Polwrek,<br />

a CFP in the Pasadena office of Waddell & Reed. “Do you trust this person,<br />

do you feel comfortable sharing your hopes, dreams and certain details of your life<br />

with this person? Financial planning is a very intimate process. You share not only<br />

your hopes, dreams and goals but all kinds of personal and confidential information<br />

about your health, money and financial dynamics.<br />

“Integrity, trust, authenticity and a genuine desire to help people are paramount<br />

in an adviser,” Polwrek adds. “Trust your instincts about whether you can relate to<br />

each other.” ||||<br />

14 | ARROYO | 02.17


02.17 | ARROYO | 15


arroyo<br />

~HOME SALES INDEX~<br />

HOME SALES<br />

-11.11%<br />

AVG. PRICE/SQ. FT.<br />

6.13%<br />

dec.<br />

2015<br />

486HOMES<br />

SOLD<br />

ALHAMBRA DEC. ’15 DEC.’16<br />

Homes Sold 45 29<br />

Median Price $508,500 $592,000<br />

Median Sq. Ft. 1284 1462<br />

ALTADENA DEC. ’15 DEC. ’16<br />

Homes Sold 44 34<br />

Median Price $715,000 $780,000<br />

Median Sq. Ft. 1693 1643<br />

ARCADIA DEC. ’15 DEC. ’16<br />

Homes Sold 28 30<br />

Median Price $950,000 $1,125,000<br />

Median Sq. Ft. 2201 2241<br />

EAGLE ROCK DEC. ’15 DEC. ’16<br />

Homes Sold 24 15<br />

Median Price $702,500 $885,000<br />

Median Sq. Ft. 1362 1576<br />

GLENDALE DEC. ’15 DEC. ’16<br />

Homes Sold 117 120<br />

Median Price $635,000 $727,000<br />

Median Sq. Ft. 1427 1606<br />

LA CAÑADA DEC. ’15 DEC. ’16<br />

Homes Sold 24 21<br />

Median Price $1,501,000 $1,450,000<br />

Median Sq. Ft. 2462 1930<br />

PASADENA DEC. ’15 DEC. ’16<br />

Homes Sold 152 139<br />

Median Price $639,000 $790,000<br />

Median Sq. Ft. 1385 1600<br />

SAN MARINO DEC. ’15 DEC. ’16<br />

Homes Sold 12 14<br />

Median Price $2,069,500 $2,300,000<br />

Median Sq. Ft. 2684 2777<br />

SIERRA MADRE DEC. ’15 DEC. ’16<br />

Homes Sold 17 8<br />

Median Price $920,000 $742,000<br />

Median Sq. Ft. 1831 1603<br />

SOUTH PASADENA DEC. ’15 DEC. ’16<br />

Homes Sold 23 22<br />

Median Price $985,000 $1,306,250<br />

Median Sq. Ft. 1792 1959<br />

TOTAL DEC. ’15 DEC. ’16<br />

Homes Sold 486 432<br />

Avg Price/Sq. Ft. $538 $571<br />

dec.<br />

2016<br />

432HOMES<br />

SOLD<br />

<br />

HOMESALESABOVE<br />

RECENT HOME CLOSINGS IN THE PASADENA WEEKLY FOOTPRINT<br />

source: CalREsource<br />

ADDRESS CLOSE DATE PRICE BDRMS. SQ. FT. YR. BUILT PREV. PRICE PREV. SOLD<br />

ALHAMBRA<br />

1418 South 2nd Street 12/02/16 $1,080,000 5 2895 1924 $710,000 10/31/2012<br />

906 North Atlantic Blvd. 12/13/16 $1,000,000 5 3403 1948 $95,000 10/15/1985<br />

1600 South 2nd Street 12/19/16 $950,000 3 2891 1910 $575,000 07/22/2015<br />

ALTADENA<br />

2079 Skyview Drive 12/16/16 $2,225,000 4 2676 1940 $2,200,000 05/15/2007<br />

1612 Woodglen Lane 12/28/16 $1,965,000 4 3859 1991 $1,660,000 05/01/2014<br />

1217 Rubio Street 12/16/16 $1,525,000 5 3862 1927<br />

2376 Ganesha Ave. 12/16/16 $1,350,000 4 2837 1912<br />

2876 Windfall Ave. 12/21/16 $1,257,000 3 1504 1965 $1,080,000 07/10/2007<br />

1259 Rubio Vista Road 12/22/16 $1,168,000 4 2450 1965 $765,000 05/27/2016<br />

1932 Craig Ave. 12/16/16 $1,025,000 2 1927 1931 $920,000 05/31/2013<br />

2593 Marengo Ave. 12/06/16 $976,000 6 3202 1906 $280,000 01/05/1999<br />

ARCADIA<br />

382 Torrey Pines Drive 12/21/16 $4,980,000 6 10180 2005 $4,880,000 10/25/2011<br />

301 Arbolada Drive 12/16/16 $3,937,000 4 3867 1950 $1,850,000 11/22/2005<br />

659 Hampton Road 12/12/16 $3,680,000 5 5543 2011 $3,680,000 05/16/2016<br />

1310 Ramona Road 12/05/16 $3,400,000 5 3534 1938 $2,700,000 05/21/2014<br />

1110 South 2nd Ave. 12/20/16 $2,488,000 5 5139 1989 $1,870,000 07/25/2012<br />

1354 Michillinda Ave. 12/08/16 $1,990,000 4 3273 1954 $1,900,000 03/30/2015<br />

40 West Orange Grove Ave. 12/20/16 $1,905,000 3 2913 1950<br />

1243 Highland Oaks Drive 12/01/16 $1,818,000 3 2232 1961 $1,880,000 03/24/2014<br />

427 East Lemon Ave. 12/28/16 $1,620,000 5 3721 1995 $700,000 05/05/1995<br />

138 West Foothill Blvd. 12/02/16 $1,480,000 5 3504 1995 $605,000 12/02/1998<br />

703 East Camino Real Ave. 12/30/16 $1,300,000 4 2099 1925<br />

556 South 2nd Ave. 12/13/16 $1,250,000 3 2470 2015<br />

707 South 5th Ave. 12/28/16 $1,200,000 3 2949 2003 $280,000 01/17/2003<br />

221 Altern Street 12/07/16 $1,168,000 3 1448 1955 $1,115,000 01/30/2015<br />

576 South 2nd Ave. 12/12/16 $1,150,000 3 2250 2015<br />

155 Sierra Madre Blvd. 12/29/16 $1,100,000 4 2487 1950 $1,080,000 10/09/2015<br />

800 East Camino Real Ave. 12/21/16 $1,093,000 3 1753 1957 $850,000 03/04/2016<br />

529 Leda Lane 12/21/16 $1,093,000 2 2025 1955 $800,000 01/28/2016<br />

608 Camino Grove Ave. 12/12/16 $1,078,000 3 1927 1962 $735,000 01/12/2005<br />

1036 Encino Ave. 12/30/16 $1,050,000 3 2263 1956 $910,000 03/25/2016<br />

EAGLE ROCK<br />

4427 Mont Eagle Place 12/06/16 $1,221,000 2 684 1923 $475,000 07/15/2015<br />

2015 Escarpa Drive 12/13/16 $1,210,000 3 <strong>2017</strong> 1965<br />

2337 Addison Way 12/16/16 $1,002,000 2 1111 1922 $605,000 06/09/2015<br />

G L E N DA L E<br />

2125 Maginn Drive 12/06/16 $1,750,000 3 2970 1964 $1,118,000 11/13/2009<br />

3230 Menlo Drive 12/01/16 $1,690,000 3 2975 1957 $127,500 10/31/1977<br />

928 Chudleigh Lane 12/30/16 $1,644,000 7 4293 1965<br />

1820 Greenbriar Road 12/02/16 $1,505,000 3 2800 1964 $1,040,000 08/07/2008<br />

1601 Capistrano Ave. 12/29/16 $1,480,000 5 4350 1937 $1,445,000 11/03/2014<br />

748 Glenview Road 12/28/16 $1,463,000 4 2727 1927 $1,054,000 05/04/2012<br />

5188 Sky Ridge Drive 12/16/16 $1,450,000 4 3334 1996 $436,000 09/30/1996<br />

2018 Ashington Drive 12/02/16 $1,395,000 5 3371 1989 $660,000 10/15/1998<br />

1580 Glenmont Drive 12/19/16 $1,350,000 4 1826 1955 $525,000 08/04/2000<br />

905 East Mountain Street 12/23/16 $1,330,000 3 2619 1950 $1,141,500 12/07/2004<br />

2951 Hermosita Drive 12/16/16 $1,329,000 3 3483 1940 $1,170,000 07/29/2009<br />

1171 Sweetbriar Drive 12/15/16 $1,300,000 3 2836 1969<br />

1646 Ard Eevin Ave. 12/07/16 $1,255,000 4 2536 1958 $535,000 07/06/1999<br />

1967 Sherer Lane 12/30/16 $1,255,000 3 2445 1962 $760,000 04/21/2014<br />

1428 Montgomery Ave. 12/30/16 $1,250,000 5 2284 1926 $900,000 12/12/2014<br />

3001 Canada Blvd. 12/13/16 $1,220,000 5 4854 1991 $460,000 04/30/1996<br />

1521 Highland Ave. 12/16/16 $1,200,000 3 1970 1935 $700,000 06/27/2016<br />

3301 Vickers Drive 12/30/16 $1,200,000 3 2856 1965<br />

1641 Camulos Ave. 12/21/16 $1,186,000 3 1590 1920 $760,000 07/27/2012<br />

1253 Moncado Drive 12/08/16 $1,150,000 5 2800 1928 $465,000 01/08/1999<br />

1731 Bel Aire Drive 12/13/16 $1,130,000 3 2696 1940 $675,000 09/30/2004<br />

1547 Irving Ave. 12/28/16 $1,100,000 4 2353 1947<br />

1421 Hillcrest Ave. 12/27/16 $1,075,000 3 2184 1932<br />

444 West Dryden Street #D 12/14/16 $1,065,000 4 2162 1954<br />

2412 Canada Blvd. 12/12/16 $1,050,000 4 2153 1927<br />

1631 Royal Blvd. 12/28/16 $1,040,000 3 2205 1940 $400,000 04/02/1999<br />

2999 Country Club Drive 12/02/16 $1,025,000 2 2071 1949 $600,000 11/18/2015<br />

3020 Emerald Isle Drive 12/05/16 $1,000,000 4 2883 1979 $219,500 05/20/1980<br />

1357 Moncado Drive 12/20/16 $999,000 4 1928 1925 $999,000 08/31/2016<br />

3267 Kirkham Drive 12/07/16 $960,000 3 1948 1975 $340,000 09/15/1997<br />

1901 West Kenneth Road 12/14/16 $959,000 3 2287 1941 $399,000 07/30/2002<br />

1450 Valane Drive 12/20/16 $950,000 3 2575 1947<br />

The Arroyo Home Sales Index is calculated from residential home sales in Pasadena and the surrounding communities of South Pasadena, San Marino, La Canada Flintridge, Eagle Rock, Glendale (including Montrose), Altadena, Sierra Madre,<br />

Arcadia and Alhambra. Individual home sales data provided by CalREsource. Arroyo Home Sales Index © Arroyo <strong>2017</strong>. Complete home sales listings appear each week in Pasadena Weekly.<br />

16 | ARROYO | 02.17


ADDRESS CLOSE DATE PRICE BDRMS. SQ. FT. YR. BUILT PREV. PRICE PREV. SOLD<br />

LA CAÑADA<br />

4265 Beresford Way 12/28/16 $4,000,000 4 7534 1995 $1,800,010 12/10/1997<br />

5100 Gould Ave. 12/09/16 $2,405,000 2 2583 1949 $2,405,000 12/09/2016<br />

1096 Inverness Drive 12/22/16 $2,100,000 3 3379 1947 $895,000 06/04/2002<br />

4762 La Canada Blvd. 12/20/16 $2,100,000 4 3649 1926 $1,115,000 05/22/2000<br />

5024 Hill Street 12/27/16 $2,060,000 7 4823 1938 $1,450,000 02/21/2007<br />

2198 Fairhurst Drive 12/23/16 $1,870,000 5 3708 1963<br />

522 Paulette Place 12/22/16 $1,865,000 2 1777 1953 $865,000 09/20/2000<br />

5390 Harter Lane 12/19/16 $1,707,500 4 2822 1964<br />

270 St. Katherine Drive 12/19/16 $1,690,000 3 2440 1966 $197,000 04/22/1981<br />

5053 Crown Ave. 12/16/16 $1,525,000 3 1612 1951 $830,000 12/15/2015<br />

4644 Hillard Ave. 12/06/16 $1,450,000 3 1828 1952 $1,450,000 11/29/2016<br />

4646 Palm Drive 12/21/16 $1,385,000 3 1958 1961 $975,000 02/22/2008<br />

526 Venado Vista Drive 12/09/16 $1,300,500 3 2040 1957<br />

4842 Alminar Ave. 12/14/16 $1,278,000 4 1816 1947 $820,000 06/03/2011<br />

5208 Diamond Point Road 12/28/16 $1,205,000 3 1930 1966 $978,000 08/30/2005<br />

495 Paulette Place 12/01/16 $1,200,000 3 1753 1953<br />

5733 Ocean View Blvd. 12/23/16 $1,190,000 3 1781 1962 $931,000 06/08/2005<br />

PASADENA<br />

2935 Lombardy Road 12/28/16 $9,800,000 0 0<br />

1315 South Oakland Ave. 12/01/16 $4,199,000 4 6269 1910 $975,000 02/25/1993<br />

3585 Locksley Drive 12/30/16 $3,650,000 5 4255 1934 $2,530,000 06/25/2010<br />

1720 Lombardy Road 12/15/16 $3,500,000 4 5469 1956<br />

760 South San Rafael Ave. 12/27/16 $2,900,000 4 2668 1928 $1,518,000 09/20/2011<br />

95 Tustin Road 12/30/16 $2,559,000 4 2962 1950<br />

1250 South Los Robles Ave. 12/01/16 $2,300,000 4 3358 1913 $1,300,000 05/17/2007<br />

1240 Chateau Road 12/02/16 $2,250,000 4 3129 1960<br />

130 Patrician Way 12/29/16 $2,220,000 2 2935 1948 $1,498,500 07/01/2008<br />

3123 East California Blvd. 12/21/16 $2,205,000 4 2957 1941<br />

3901 Sycamore Street 12/23/16 $1,875,000 5 4325 2013 $1,750,000 06/21/2013<br />

3439 Vosburg Street 12/08/16 $1,798,000 3 2348 1955 $374,500 07/21/2014<br />

1655 Hastings Heights Lane 12/22/16 $1,767,000 6 4798 1989 $760,000 10/18/1990<br />

122 San Miguel Road 12/15/16 $1,750,000 4 2595 1938 $869,000 02/22/2002<br />

31 West Bellevue Drive 12/02/16 $1,650,000 3 3297 1890 $470,000 11/01/1990<br />

1150 La Loma Road 12/20/16 $1,530,000 3 1803 1960 $542,500 10/14/1988<br />

25 South Grand Ave. 12/19/16 $1,500,000 2 2330 1920 $900,000 07/31/2008<br />

361 Linda Vista Ave. 12/28/16 $1,495,000 3 1800 1951 $166,000 06/30/1978<br />

400 Ninita Parkway 12/07/16 $1,490,000 3 2885 1925<br />

1945 East Mountain Street 12/15/16 $1,453,000 5 2734 1929 $345,000 04/18/1988<br />

470 South Santa Anita Ave. 12/22/16 $1,408,500 4 2938 1927 $1,100,000 12/04/2008<br />

807 South Orange Grove Blvd. #1 12/21/16 $1,400,000 2 2184 1975 $1,000,000 11/08/2013<br />

805 South Orange Grove Blvd. 12/01/16 $1,399,000 2 2153 1975 $1,175,000 05/09/2014<br />

619 South Oakland Ave. 12/06/16 $1,375,000 5 1970 1909<br />

974 Dale Street 12/30/16 $1,369,000 4 2056 1912 $630,000 04/02/2002<br />

911 Laguna Road 12/29/16 $1,365,000 3 2267 1955 $1,120,000 07/03/2007<br />

1835 Rose Villa Street 12/05/16 $1,365,000 3 1861 1924 $828,000 06/25/2004<br />

1850 North Hill Ave. 12/07/16 $1,300,000 2 2966 1890 $424,000 08/04/1994<br />

1640 Casa Grande Street 12/16/16 $1,275,000 4 2811 1923 $465,000 07/29/1998<br />

2118 Glen Springs Road 12/23/16 $1,275,000 3 3318 1994<br />

1191 North Mar Vista Ave. 12/14/16 $1,230,000 4 2313 1912 $241,500 10/31/1997<br />

1710 La Cresta Drive 12/30/16 $1,220,000 4 3217 1928 $215,000 05/23/1986<br />

1551 Scenic Drive 12/21/16 $1,167,500 4 1889 1947<br />

1540 Lancashire Street 12/30/16 $1,135,000 4 2208 1963 $1,021,500 09/01/2016<br />

1109 North Allen Ave. 12/09/16 $1,080,000 2 2293 1923 $127,500 04/22/1985<br />

1439 Brixton Road 12/14/16 $1,075,000 3 1472 1959 $755,000 10/23/2008<br />

823 Michigan Blvd. 12/15/16 $1,060,000 3 2473 1936<br />

982 North Oakland Ave. 12/21/16 $1,002,000 3 2046 1922 $680,000 06/09/2016<br />

26 San Miguel Road 12/19/16 $1,001,000 3 1758 1937 $631,500 10/05/2010<br />

2515 East Del Mar Blvd. 12/30/16 $998,000 5 3789 1929<br />

25 Oak Knoll Gardens Drive 12/06/16 $981,000 2 929 1922 $675,000 06/28/2016<br />

365 San Juan Place 12/23/16 $980,000 2 2045 1956 $845,000 08/30/2005<br />

2372 Cooley Place 12/06/16 $975,000 4 3227 1947 $107,500 06/21/1984<br />

166 South Greenwood Ave. 12/02/16 $972,000 2 1436 1912 $658,000 09/22/2008<br />

1956 East Woodlyn Road 12/01/16 $960,000 4 1707 1928 $967,000 04/18/2016<br />

SAN MARINO<br />

1500 Virginia Road 12/19/16 $6,888,000 3 2369 1949 $2,550,000 05/31/2013<br />

2075 Lombardy Road 12/27/16 $6,500,000 6 6996 1925 $2,475,000 03/25/1997<br />

2160 Adair Street 12/08/16 $4,320,000 3 2191 1929 $1,600,000 08/29/2014<br />

1660 Oak Grove Ave. 12/07/16 $4,050,000 5 3508 1926<br />

2627 Lombardy Road 12/02/16 $2,800,000 3 2782 1940<br />

899 Winston Ave. 12/02/16 $2,510,000 4 3123 1950 $1,820,000 07/03/2007<br />

1331 San Marino Ave. 12/22/16 $2,320,000 3 2952 1947 $136,500 06/01/1977<br />

1284 Sherwood Road 12/30/16 $2,280,000 4 2966 1928 $2,386,000 10/18/2013<br />

2799 Cumberland Road 12/06/16 $2,230,000 3 2205 1940<br />

2155 Valentine Place 12/16/16 $2,025,000 4 3025 1965<br />

2176 Adair Street 12/02/16 $2,015,000 4 2771 1936<br />

1975 Robin Road 12/02/16 $1,550,000 2 1528 1938 $1,300,500 10/20/2014<br />

1805 Twin Palms Drive 12/19/16 $1,405,000 2 1702 1935 $460,000 04/20/1999<br />

1300 Winston Ave. 12/06/16 $1,307,500 2 1478 1936 $655,000 09/09/1997<br />

SIERRA MADRE<br />

503 Acacia Street 12/28/16 $1,216,000 5 2812 1969<br />

619 West Alegria Ave. 12/09/16 $950,000 2 1637 1929 $775,000 11/24/2014<br />

SOUTH PASADENA<br />

1339 Garfi eld Ave. 12/12/16 $2,600,000 7 4904 1964 $97,500 12/30/1987<br />

939 Braewood Court 12/02/16 $1,950,000 5 3898 2007 $480,000 05/09/2006<br />

2012 Alpha Street 12/19/16 $1,526,000 3 2372 1964<br />

1659 Via Del Rey 12/07/16 $1,475,000 3 1815 1965<br />

1427 Santa Teresa Street 12/02/16 $1,450,500 5 3327 1965 $495,000 09/22/2000<br />

1716 Gillette 12/15/16 $1,400,000 5 2974 1947 $725,000 04/08/2004<br />

1122 Milan Ave. 12/28/16 $1,375,000 3 1360 1908 $700,000 07/01/2005<br />

1719 Via Del Rey 12/16/16 $1,375,000 3 2582 1965<br />

1718 Raymond Hill Road 12/07/16 $1,360,000 4 3026 1946 $900,000 05/20/2011<br />

523 Hermosa Street 12/16/16 $1,344,000 3 1828 1978<br />

1609 Camden Parkway 12/19/16 $1,310,000 4 2630 1927<br />

1921 Edgewood Drive 12/01/16 $1,302,500 3 1515 1925 $415,000 01/12/1990<br />

709 Grand Ave. 12/22/16 $1,100,000 3 1874 1930 $425,000 08/25/1998<br />

1823 Hill Drive 12/16/16 $1,100,000 4 2044 1976<br />

02.17 ARROYO | 17


ARROYO<br />

HOME & DESIGN<br />

SPECIAL ADVERTISING SUPPLEMENT<br />

MORTGAGE RATES<br />

HEADING<br />

UP – WE THINK<br />

The Federal Reserve raised interest<br />

rates last year. But they’re still at<br />

historic lows<br />

BY BRUCE HARING<br />

RENTING VERSUS BUYING A HOME IS AN ETERNAL DILEMMA FOR<br />

PASADENA AREA RESIDENTS, AS THERE ARE TEMPTATIONS AND<br />

FRUSTRATIONS FOUND IN BOTH SITUATIONS.<br />

Southern California rents are among the nation’s highest,<br />

consuming 47% of the average renter’s income, according to a<br />

Zillow.com survey. That is close to 15% higher than a similar survey<br />

held in the year 2000.<br />

Some real estate agents say the upper limits haven’t been<br />

reached. As demand increases, rents will follow the basic law of<br />

supply and demand, going higher and higher. And while that’s<br />

good news for landlords, it’s a bad deal for renters.<br />

Given that, it may be time for you to explore other options.<br />

One of the axioms of Southern California real estate is that they<br />

aren’t making any more of it, and our climate, show biz glamour<br />

and big city amenities should continue to make this area one of<br />

the premier housing markets in the United States.<br />

–continued on page 21<br />

18 | ARROYO | 02.17


02.17 | ARROYO | 19


20 | ARROYO | 02.17


—ADVERTISING SUPPLEMENT—<br />

–continued from page 18<br />

While past performance is no indicator of future success, those<br />

factors more than likely mean that buying a house, condominium or<br />

townhome in the Pasadena area will likely be a good investment that<br />

will appreciate going forward.<br />

‘TIS THE SEASON<br />

Right now is a good time of the year to be house-hunting. Southern<br />

California’s housing market is not as seasonal as other parts of the<br />

country, owing to our wonderful weather. But there still is less activity<br />

at this time of year versus the mid-spring and late summer periods,<br />

traditionally the high season for house shopping.<br />

Even in desirable neighborhoods, housing sales are somewhat<br />

tepid in Southern California at the moment. That refl ects uncertainty<br />

related to the incoming administration, the high prices of housing in<br />

general, and the somewhat sluggish economy.<br />

But it may also be a refl ection on changing tastes in housing<br />

accommodations. After all, Millennials are known to prefer public<br />

transportation and ride share services like Uber and Lyft to owning<br />

a car. The great foreign investment boom that drove a lot of<br />

residential real estate sales in the area also appears to be slowing.<br />

New restrictions on money exporting by the Chinese government<br />

has decreased the pool of prime customers in that country, a trend<br />

which may affect the market in the San Gabriel Valley and Southern<br />

California in general.<br />

The supply of homes on the market in many locations is increasing,<br />

an indication that buyers are taking a wait-and-see approach. The<br />

United State Census Bureau and the Department of Housing and<br />

–continued on page 23<br />

02.17 | ARROYO | 21


22 | ARROYO | 02.17


—ADVERTISING SUPPLEMENT—<br />

–continued from page 21<br />

Urban Development estimates that there is a fi ve-month supply of new<br />

homes on the market at the end of November. Add in the older homes<br />

that are for sale, and there is an ample selection to choose. However,<br />

as with anything, the more desirable properties in good school districts<br />

will still attract a lot of attention from those looking to purchase.<br />

The fi rst 100 days of the new administration will be a key test of how<br />

people feel about the housing market and the overall economy.<br />

INTEREST RATES AND YOU<br />

The good news is that interest rates on home loans are still at historic<br />

lows. The bad news is that they’re likely headed up.<br />

The Federal Reserve, the central bank that determines the prime<br />

lending rates that infl uence what you pay for your mortgages, credit<br />

cards and other loans, raised its prime lending rate a quarter point in<br />

December. That marked only the second time since the 2008 fi nancial<br />

crisis that rates have been raised.<br />

What that means heading into the new year is that your credit<br />

will cost you more, taking a larger chunk out of your available cash as<br />

you strive to pay down debt. The rise in rates may be followed by three<br />

more in <strong>2017</strong>, experts says, although predictions about what the Fed<br />

may do are like predicting the Presidential election. And we all know<br />

how that turned out.<br />

So, before you go out and fi nd the home of your dreams, it’s a<br />

good idea to learn up-front how much house you can afford under<br />

current interest rates. You do that by becoming pre-qualifi ed with a<br />

lender, and then pre-approved.<br />

PRE-QUALIFIED VS. PRE-APPROVED<br />

The process to become pre-qualifi ed is straightforward. You go to a<br />

lender and provide them with information on your fi nancial condition,<br />

usually over the Internet or telephone. Once the lender has a picture<br />

of your income, debt and assets, they will determine how much<br />

of a mortgage amount you are likely to receive. Armed with that<br />

knowledge, you can begin looking at houses in your price range.<br />

But wait – pre-qualifi cation does not mean you are approved. It<br />

merely means you have a rough idea of what to expect. Now you need<br />

to move on to the next step in the process of obtaining a mortgage.<br />

The pre-qualifi cation became particularly important in the wake<br />

–continued on page 25<br />

02.17 | ARROYO | 23


24 | ARROYO | 02.17


–continued from page 23<br />

of the late 2000 housing crisis, when many mortgages were signed<br />

off on without income verifi cation and so-called “gimmick” loans<br />

appeared. Many of those loans also carried balloon payments or<br />

interest-only clauses, which, when called, resulted in the housing crisis<br />

that destroyed the economy.<br />

New laws were instituted to avoid those issues, capping the<br />

amount of debt a buyer can assume relative to their stated income at<br />

43 percent, and some brokers who touted unsavory loans were cut off<br />

by the banks. Now, even pre-qualifi ed customers may be asked more<br />

questions, so be prepared to dig down in this application period.<br />

To get pre-approved for a mortgage is a more rigorous process. It<br />

is particularly important in this market, where many high-priced homes<br />

require what’s known in the trade as a “jumbo” mortgage. These big<br />

money loans are not backed by the Federal Housing Administration, so<br />

those who don’t have great credit or a large down payment may face<br />

some diffi culties with certain lenders.<br />

Pre-approval usually requires tax form documentation, pay<br />

stubs, investment paperwork and bank account listings that will<br />

verify income, debt and assets. Combined with your credit score, the<br />

lender will then decide on how much of a risk you present, and make<br />

funds available accordingly. This is important, because once you<br />

have pre-approval, you may jump ahead of other people if you’re in<br />

competition for a particularly attractive property, as there will be no<br />

delays or surprises related to fi nancing.<br />

Once you fi nd your home, you move to the fi nal stage of fi nancing<br />

– the loan commitment. This is done when the bank has approved<br />

the home you want to buy and the price. This involves appraising it to<br />

make sure it is valued at or above the sales price, is structurally sound<br />

with no disastrous fl aws, and has no liens or litigation pending.<br />

During this process, your credit and fi nancial profi le will be<br />

checked once again to ensure nothing has changed since the<br />

initial approval. If all checks out, a loan commitment letter is issued.<br />

Presuming all goes well with the seller, you’re on the way to getting<br />

your key to your new home.<br />

If you’d like more information on the housing market in your<br />

town, there is a research fi rm that monitors housing sales in your city.<br />

CoreLogic is a La Jolla-based data research fi rm that reports on house<br />

and townhome sales in various Southern California cities, and also<br />

covers other aspects of housing-related news, like mortgages. For<br />

more details, visit www.corelogic.com. ||||<br />

02.17 | ARROYO | 25


26 | ARROYO | 02.17


TRUMP,<br />

PHOTO: Gage Skidmore<br />

TAXES AND<br />

YOU<br />

The new president’s tax proposals include<br />

a huge cut for the mega-wealthy, but<br />

they also make it harder for them to<br />

donate to charities.<br />

BY BETTIJANE LEVINE<br />

THE FEDERAL INCOME TAX CODE IS VERY<br />

COMPLICATED STUFF. THAT’S WHY MOST NEWS OUTLETS<br />

DON’T EVEN TRY TO EXPLAIN ITS BLOATED AND<br />

BYZANTINE BYWAYS TO AMERICANS — 70 PERCENT OF<br />

WHOM DO NOT EVEN ITEMIZE ON THEIR TAX RETURNS.<br />

MOST TAXPAYERS WANT TO KNOW ONLY HOW MUCH<br />

THEY’LL HAVE TO PAY OR GET BACK. OR, IN THE CASE<br />

OF THE UBER-RICH AND CORPORATIONS, WHETHER<br />

THEY’LL BE ABLE TO INSULATE THEMSELVES FROM TAXES<br />

ALTOGETHER.<br />

02.17 | ARROYO | 27


–continued from page 27<br />

Under President Donald Trump’s tax proposals, the very wealthy appear likely<br />

to receive a big bonanza in tax relief, depending on what news sources you read. The<br />

New York Times, for example, warned about potentially dire consequences of Trump’s<br />

proposal to repeal the estate tax. Last November, the paper reported that if Trump’s<br />

plan passes, “a host of taxes that affect only the very richest Americans may be eliminated,<br />

along with almost all tax incentives to be philanthropic. As a result, wealthy<br />

families may find it much easier to amass dynastic levels of wealth.” It went on to say<br />

that the plan would “allow for the creation of generational wealth to rival that of the<br />

last Gilded Age, after which the modern estate tax was enacted in 1916.”<br />

Another story in the Times business section said “the wealthy are already partying<br />

like it’s 1989. If Trump makes good on his tax cut promises, billions are expected to<br />

go back into their pockets.” The writer inexplicably sought out Robin Leach, whose<br />

1980s TV show Lifestyles of the Rich and Famous got big ratings. “Cars will get bigger,<br />

houses will be more luxurious and it will be OK to wear jewelry and gowns again,”<br />

Mr. Leach, 75, enthused.<br />

The current federal estate-tax exemption is $5.49 million per individual, almost<br />

$11 million per couple (surviving spouses can carry over each other’s unused exemptions).<br />

That means an individual can leave $5.49 million to heirs and pay no federal<br />

estate tax. Above that amount, the tax rate is 40 percent.<br />

Current law also allows estate assets to receive a “stepped-up basis” designation<br />

which permits any capital gains to escape taxation when they are passed to heirs.<br />

In other words, a stock purchased for $100,000 that has appreciated in value to $1<br />

million by the time of the original purchaser’s death, will escape capital gains taxes<br />

because the Internal Revenue Service “steps up” the initial purchase price to its valuation<br />

at the fine of transfer.<br />

Trump’s plan seems to go much further, although it’s short on specifics and leaves<br />

a lot open to interpretation. It has a provision to repeal the estate tax entirely. Some<br />

analysts say it might then be replaced by a capital gains tax, which is currently 20<br />

percent — half the estate tax. And even that 20 percent might be avoided, according<br />

to analysts at The Tax Foundation, who interpret Trump’s proposal to mean that<br />

“the gain would be subject to tax only when the inheritor sells the asset, not upon the<br />

death of the decedent.” Critics contend that means taxes may never be paid on a family’s<br />

real estate assets, like the Trumps’ hotels, residential buildings and golf courses;<br />

heirs could borrow against such holdings, while the properties themselves are passed<br />

down through generations.<br />

We reached out to certified financial planner Mitchell E. Kauffman, ¬owner and<br />

managing director of Kauffman Wealth Management, an independent financial advisory<br />

services firm with offices in Pasadena and Santa Barbara. We asked his opinion<br />

of Trump’s tax plan and whether he’s noticed any jubilation among his wealthiest<br />

clients. Kauffman says no to the latter question and calls Trump’s tax plan, in his<br />

opinion, a “mixed bag, with a lot of moving parts,” many of which have not been<br />

clarified yet.<br />

“Some things Trump is proposing are very friendly to high–net–worth people, but<br />

he’s also talking about putting limitations on deductions, which particularly affect<br />

mortgage deductions and charitable contributions. The affluent tend to be the strongest<br />

charitable donors,” he adds, so diminishing those deductions “most likely would<br />

not be very favorable to affluent people.” Nor would it be good for nonprofits, he adds.<br />

“We know that the National Council of Nonprofits has expressed concern over this,<br />

which they see as a potentially tremendous setback in their efforts to support charities<br />

and nonprofits.”<br />

The estate tax, he says, is the easiest part of the plan to address. “Eliminating<br />

the estate tax has been a cherished goal of conservative Republicans for a number of<br />

years. And with a Republican congress and administration, most analysts are predicting<br />

that the estate tax will be eliminated — which would mean that when people<br />

pass, their assets would go to their heirs without any additional taxation. But estimates<br />

show that only .02 percent of all estates that are settled each year are subject to<br />

the federal estate tax, so proponents of this argue that the impact is more symbolic<br />

than financially impactful on the economy and the budget.”<br />

–continued on page 30<br />

PHOTO: Gage Skidmore<br />

28 | ARROYO | 02.17


02.17 | ARROYO | 29


–continued from page 28<br />

A key concern for Kauffman is the possibility that if the estate tax is eliminated,<br />

the current stepped-up basis designation might also be eliminated. In that scenario,<br />

he says, heirs at all financial levels who inherit a property would receive the same cost<br />

base that the decedent had, which would create a much higher capital gains tax than<br />

under the current system.<br />

Another key concern for Kauffman revolves around the proposed limits on deductions.<br />

“For a state like California, which has higher state and local income taxes,<br />

right now individuals can deduct those state and local taxes on their returns, which<br />

in essence puts some of the burden on the federal government. If the Feds limit<br />

deductions, it could prompt state and local governments to raise taxes in order to<br />

compensate.” And, Kauffman says, that limit on deductions might also impact how<br />

much mortgage interest people can deduct, “which could have a detrimental effect on<br />

affluent real-estate markets such as the one we have in Pasadena.”<br />

The caveat to all this, Kauffman says, is that we’re just talking about proposals<br />

now, and we have no idea what Congress will actually pass into law that might differ<br />

in some basic directions or help offset any drawbacks.<br />

A number of organizations have evaluated Trump’s tax proposal and come up with<br />

overview analyses, most of which predict tax cuts for all income brackets, with the<br />

biggest cuts going to the top tier of wealth. The Tax Policy Center of the Urban Institute<br />

and Brookings Institution, for example, predicts “the highest income taxpayers<br />

(.1 percent of the population, with annual incomes over $3.7 million) ... would experience<br />

an average tax cut of nearly $1.1 million — over 14 percent of after-tax income.<br />

Households in the middle fifth in income distribution would receive an average tax<br />

cut of $1,010, or 1.8 percent of after-tax income, while the poorest fifth of households<br />

would see their taxes go down an average of $110, or .8 percent of after-tax income.”<br />

Another group, The Tax Foundation, estimated that middle-class taxpayers, on average,<br />

will see a nearly $500-per-year income boost from Trump’s plan.<br />

The most publicized analysis was performed by NYU law professor Lily Batchelder,<br />

an expert on tax policy who worked for President Obama’s National Economic<br />

Council. Her study examined the likely effects of Trump’s proposed tax law changes<br />

on individuals and families. Batchelder’s findings, which Trump spokespeople call<br />

“pure fiction,” estimate that more than half of America’s single parents and one-fifth<br />

of all families with children could see their federal income taxes rise if Trump’s plan<br />

is enacted. His proposed tax breaks for these families would add up to less than those<br />

they receive today, she said. She concluded that the plan would eliminate the headof-household<br />

filing status along with personal deductions and would impose higher<br />

rates on certain income, all of which would combine to raise taxes for many low- and<br />

middle-income taxpayers. ||||<br />

30 | ARROYO | 02.17


David Bowie at National Palace,<br />

Mural by Diego Rivera<br />

BOW IE<br />

THROUGH<br />

A LENS<br />

A new Forest Lawn Museum<br />

exhibition presents intimate<br />

images of the rock star<br />

turned art tourist.<br />

STORY BY BRENDA REES<br />

PHOTOS BY FERNANDO ACEVES<br />

ANA PESCADOR CAREFULLY SHUFFLES A<br />

PILE OF LARGE COLOR PHOTOGRAPHIC<br />

PRINTS ON A TABLE, THUMBING THROUGH<br />

CRISP BRIGHT IMAGES OF THE LATE POP<br />

STAR DAVID BOWIE VISITING HISTORIC<br />

AND CULTURAL LOCATIONS PRIOR TO HIS<br />

ONLY CONCERT IN MEXICO CITY, IN 1997<br />

--- BOWIE ON THE BLUE STEPS OF THE FRIDA<br />

KAHLO MUSEUM, BOWIE ADMIRING DETAILS<br />

IN A DIEGO RIVERA MURAL, THE ROCKER<br />

HIDING BEHIND A TRADITIONAL MASK.<br />

As the new museum director of the Forest Lawn Glendale Museum, Pescador brings<br />

out an image of Bowie standing deep inside the massive Pyramid of the Sun at Teotihuacan.<br />

Here is a man surrounded by darkness, illuminated only by a cigarette lighter. “This<br />

one is particularly poignant for me,” she says. “It has so many connections. [It evokes the]<br />

candlelight celebrations we do here at Forest Lawn, but it’s also about Bowie physically and<br />

spiritually inside Mexican culture.”<br />

02.17 | ARROYO | 31


Bowie at Pyramid of the Sun<br />

in Teotihuacan<br />

–continued from page 31<br />

Pescador, a native of Mexico and former<br />

CEO of the Latino Art Museum in Pomona,<br />

is prepping for the first stop of a new traveling<br />

exhibition she curated — David Bowie: Among<br />

the Mexican Masters — which runs through<br />

June 15 at Forest Lawn. It features almost<br />

40 intimate, never-before-seen images by<br />

renowned Mexican rock and jazz photographer<br />

Fernando Aceves.<br />

Twenty years ago, Bowie arrived in Mexico<br />

City a few days prior to his Earthling concert,<br />

to soak in the local art, history and culture. Aceves said that Bowie had done his research<br />

and knew exactly what he wanted to see. Aceves’ photos were to accompany an article<br />

Bowie would write for Modern Painters magazine, but the article was never published. “I<br />

had already worked with many rock stars like the Rolling Stones, Pink Floyd, Paul Mc-<br />

Cartney and others,” says Aceves. “But David was special for me. I had been listening to<br />

his music and watching him in movies for years. I was a little nervous, but I found him to<br />

be very human and approachable.”<br />

Photographed only with ambient light, Aceves’ images show Bowie with a relaxed grin<br />

and child-like wonder exploring historical landmarks (e.g. the National Palace, the Palace<br />

of Fine Arts) and cultural treasures, including murals by David Alfaro Siqueiros and Jose<br />

Clemente Orozco, Rivera, Kahlo and more.<br />

Part of the photographer’s assignment was to be a fly on the wall, capturing Bowie,<br />

not as a fashion model, but as an “artist paying tribute to other artists,” explains Aceves. “I<br />

think David’s gift was his ability to blend in and be local. I understood why people call him<br />

‘the chameleon,’ because he became part of the scene, the landscape.”<br />

32 | ARROYO | 02.17<br />

HERE, THESE PHOTOGRAPHS SHOW<br />

HIM LOOKING HUMAN — NOT AS A<br />

ROCK STAR OR A MOVIE STAR BUT AS<br />

A HUMAN BEING EXPERIENCING THE<br />

CULTURAL LANDSCAPE OF MEXICO.<br />

The photos capture a casual side of Bowie<br />

that fans rarely saw. “David was used to being<br />

photographed throughout his artistic career.<br />

He knew how to model with makeup and<br />

lights,” says Aceves. “Here, these photographs<br />

show him looking human — not as a rock star<br />

or a movie star but as a human being experiencing<br />

the cultural landscape of Mexico.”<br />

The Bowie exhibition is part of MXLA<br />

<strong>2017</strong>, a yearlong cultural exchange between<br />

Los Angeles and Mexico City. The initiative<br />

celebrates L.A.’s connection with the Mexican<br />

community through performances, exhibitions and special events. MXLA <strong>2017</strong> will be<br />

part of the Pacific Standard Time L.A./Latin America project from Sept. 15 through<br />

Jan. 31, 2018, along with the Getty, LACMA, the Greek Theatre and Walt Disney<br />

Concert Hall, among others.<br />

Located on the verdant grounds of the century-old cemetery, Forest Lawn Museum<br />

has been presenting eclectic programming designed to appeal to a wide audience — including<br />

many who aren’t traditional museumgoers. In the past few years, the museum has<br />

offered popular installations on the art of Legos, motorcycle design, record-album covers<br />

and movie posters. Prior to the Bowie photographs, the museum showcased the work of<br />

legendary Disney artist Eyvind Earle. After the Bowie exhibition wraps up in June, Forest<br />

Lawn will feature an installation from renowned Chinese artist Cao Yong, followed<br />

by a Charlie Brown and friends exhibition from the Charles Schulz Museum in Northern<br />

California. Those exhibition dates have not been announced.<br />

It’s an ambitious slate for a small museum that’s still largely unknown. “So many<br />

people have said, ‘What? Forest Lawn? They have a museum?’” says Pescador. “I want<br />

— FERNANDO ACEVES


David Bowie at Palace of Fine Arts,<br />

Crossroads Man by Diego Rivera<br />

people to see that Forest Lawn has a museum for the 21st century and that we are proactive in<br />

our choices. We are living in a diverse, multicultural society, so that’s what we want to reflect in<br />

our galleries. We want to be known as a museum of the community.”<br />

Composed of three gallery spaces, the museum displays works from its extensive permanent<br />

collection in the front two galleries. On view are Remington bronze figurines, 15th-century<br />

stained glass by Renaissance master Albrecht Dürer, numerous paintings including Lincoln at<br />

Gettysburg by Fletcher C. Ransom and William Adolphe Bougereau’s Song of the Angels and<br />

even “Henry,” a Moai head from Easter Island.<br />

“The world is changing so rapidly that it’s a challenge to attract new audiences,” explains<br />

Pescador. “To me there are only two options: offer innovative exhibitions, which we are doing,<br />

and two, make the museum available to the world. My goal is to be a virtual museum.” She’s<br />

planning a website dedicated to the museum’s offerings that would make its treasures accessible<br />

by art lovers around the world.<br />

Glendale is the only Forest Lawn cemetery to have a museum. In the early 20th century,<br />

the idea for it percolated in the mind of Forest Lawn founder Hubert Eaton who, aware that<br />

many Californians could never travel to see art around the country and the world, decided to<br />

bring art to them. Eaton commissioned cast-from-the-original reproductions of Michelangelo’s<br />

Moses and La Pietà, among others. There’s also a re-creation of Leonardo da Vinci’s Last Supper,<br />

painted in Italy from the original sketches, on display in an architectural space patterned after<br />

Westminster Abbey and Gothic cathedrals.<br />

Now, instead of bringing art to the people, the museum’s goal is to bring the museum to the<br />

world. “It’s not the same experience seeing artwork online, but people who cannot come here,<br />

many want to know what we have here and what we are all about,” says Pescador. “We need to<br />

reach out and open our doors to the world.”<br />

David Bowie: Among the Mexican Masters is a free exhibition through June 15 at the Forest<br />

Lawn Museum, 1712 S. Glendale Blvd., Glendale. Hours are 10 a.m.–5 p.m. Tuesdays through Sundays.<br />

Visit forestlawn.com for the schedule of lectures and musical events coordinated with the show. ||||<br />

Bowie at National Palace,<br />

Mural by Diego Rivera<br />

Bowie at Palace of Fine Arts,<br />

Dome Interior view<br />

02.17 | ARROYO | 33


34 | ARROYO | 02.17


ART<br />

RISKY<br />

ART IS A<br />

INVESTMENT<br />

Here are a few pointers for<br />

aspiring collectors who want<br />

to take the plunge.<br />

BY SCARLET CHENG<br />

WE MIGHT FANTASIZE THAT ART IS THE PERFECT INVESTMENT —<br />

BUY SOMETHING YOU LOVE BY AN EMERGING ARTIST, LIVE WITH<br />

IT FOR YEARS AND THEN SELL IT TO MAKE A SMALL FORTUNE ON<br />

YOUR FORESIGHT.<br />

“One of my clients acquired two Helen Frankenthaler paintings in 1966, large paintings, and he bought<br />

them for $2,500 each,” says Culver City art dealer Edward Cella. “We helped him sell one for $700,000<br />

and the other for more than that. The collector knew what he was looking for – Frankenthaler was already<br />

well known by then; she was an important emerging woman artist.” Indeed, by 1964 she had already been<br />

included in Clement Greenberg’s landmark LACMA show, Post-Painterly Abstraction, and she continued to<br />

work and exhibit; today she’s recognized as a major contributor in the history of postwar American art.<br />

But, like most dealers, Cella cautions against expecting an art purchase to yield such a big return on<br />

your money — there are too many variables, including the artist’s career and reputation and the unpredictable<br />

art market in general.<br />

02.17 | ARROYO | 35


–continued from page 35<br />

For most people, buying art is a luxury. It’s true, you may be able to buy work<br />

for a few hundred dollars from small galleries or weekend art fairs, and anyone<br />

familiar with Antiques Roadshow on PBS has seen the lucky few who made lucrative<br />

finds in their grand-aunt’s attic or at a flea market. If you watch the show enough,<br />

however, you also know that some objects just aren’t worth as much as people expect,<br />

or they’re only worth a fraction of the going value, due to their poor condition<br />

or questionable provenance.<br />

The art dealers interviewed for this story suggest that investment-grade art<br />

will probably cost in the thousands, and the buyer must be prepared not to get the<br />

money back when it comes time to sell. Although Citibank and some private dealers<br />

see art as an “asset class” like stocks and bonds, many question this idea. Most<br />

agree that investing in art is risky business.<br />

One can buy wisely, however, writes Alan Bamberger, a San Francisco–based<br />

art consultant and author of The Art of Buying Art (Gordon’s Art Reference; 2002),<br />

on his website, artbusiness.com. “Anyone can buy and collect art intelligently …<br />

All you need is a love and appreciation of fine art, a desire to collect and a willingness<br />

to familiarize yourself with a few simple techniques that will allow you to<br />

assess and evaluate any work of art dating from any time period by any artist of any<br />

nationality.”<br />

Bamberger proposes a set of questions for the potential buyer to consider,<br />

namely:<br />

“Who is the artist?<br />

“How significant is the art?<br />

“What is the art’s provenance, history and documentation (or more simply,<br />

where has the art been and who’s owned it)?<br />

“Is the asking price fair?”<br />

This overlaps with advice the Los Angeles gallerists offered aspiring buyers:<br />

Begin with research, research and more research — going to museums, galleries<br />

and art fairs, and reading up on artists whose work you like. “The best thing an<br />

individual can do is to establish an aesthetic and an awareness of what exists,” says<br />

Jack Rutberg, who has been running his La Brea gallery for over 35 years and specializes<br />

in some blue-chip artists. “Spend time in museums. It really is important<br />

to look at the Old Masters, all the way through to the modern and contemporary<br />

artists. The Norton Simon Museum is probably the greatest tutor one could have<br />

— you could start with the South and Southeast Asian art, then the Old Masters<br />

such as Cranach, Memling, just look at the remarkable hand.”<br />

Blue-chip artists are stars whose works can command six-figures-plus (think<br />

Richard Serra, Ed Ruscha, Agnes Martin, David Hockney). Like blue-chip stocks,<br />

they are pricy, but in a category that makes higher returns more likely when you are<br />

ready to sell them after a decade or more. “If a high priority is that the artwork retains<br />

value,” says Elizabeth East, a director at the prestigious L.A. Louver Gallery<br />

in Venice, “I suggest focusing on well-established artists with solid track records,<br />

like David Hockney. But there is never any guarantee.”<br />

Of course, few of us can afford to buy those artists. So is it possible to put together<br />

a modestly priced art collection and expect its value to eventually increase?<br />

Two areas often recommended for beginning collectors are prints and photographs.<br />

Since these works are produced in multiples, they are less expensive than<br />

one-of-a-kind art. Some of the same evaluation criteria hold, however, such as the<br />

condition of specific works by artists of reputation (those reviewed or featured in<br />

major publications, collected by museums, shown at biennials, etc.). With prints<br />

and photographs, it is recommended that you look for signed works in small,<br />

limited editions. Works produced in the thousands, for example, will generally be<br />

worth less than works by the same artist produced in an edition of 100 or fewer.<br />

“In my exhibition, Surreal/Unreal [through Feb. 18], I have over 100 works,<br />

and every one would be worthy of a museum collection,” says Rutberg. “They range<br />

from $350 to over a million.” He points out that there are many things in the show<br />

under $2,000, including works by Giorgio de Chirico and Roberto Matta, one of<br />

the last to join the Surrealists. Cella suggested looking at the photographs of Pedro<br />

Guerrero, a principal photographer for Frank Lloyd Wright. Guerrero was the<br />

Prices for Helen Frankenthaler’s abstract expressionist works have soared in<br />

the art market. This painting, Mauve District 1966, is in the permanent<br />

collection of New York’s Museum of Modern Art.<br />

subject of a PBS American Masters documentary in 2015, and Cella’s current show,<br />

Guerrero: Calder & Nevelson, In Their Studios (through March 4), features photographs<br />

he took in the studios of artists Alexander Calder and Louise Nevelson.<br />

It is important to determine the condition of the work and its provenance (origin<br />

or previous ownership). A reputable dealer can provide information about the<br />

artist’s background and track record and can vouch for the authenticity and source<br />

of the work. Sometimes artists do sell their own work, and the Photo Independent<br />

Art Fair was established in L.A. in 2014 to provide a venue for that. This year the<br />

fair takes place April 21 through 23 at The Reef in downtown L.A. Photographers<br />

have also sold their own work at another local fair, Photo L.A., which falls in January,<br />

although most exhibitors are galleries. Answering Bamberger’s question No.<br />

4 — is the asking price fair? — can be particularly challenging. After gathering<br />

information about an artist you’re considering, you’ll want to look at comparable<br />

sales for that person’s work. You can do this online, and study databases on auction<br />

houses’ websites, or on artnet.com, blouinartinfo.com and artprice.com. Some<br />

sites require a subscription — for example, the Blouin Art Sales Index charges<br />

$39 a month or $199 for a year of access. On artnet.com you can search without a<br />

subscription for works currently for sale, although you often will see the note “price<br />

on request.”<br />

Those with very large amounts to invest might want to look into services offered<br />

by specialized fund managers, such as Citibank’s Private Bank Art Advisory &<br />

Finance group. Its website says, “Our art advisors can guide you through the art<br />

world, providing personalized acquisition and selling strategies, as well as collection<br />

management services.” But even Citi, in the smaller print, offers the disclaimer,<br />

“Alternative assets such as art are speculative, may not be suitable for all clients<br />

and are intended for those who are willing to bear high economic risks.”<br />

In the end, collectors and dealers share this mantra: Buy what you love. Then,<br />

whether or not the work appreciates in monetary value, you will still have it gracing<br />

your wall, enhancing your quality of life. “Perhaps the best return you can achieve<br />

from art,” says East, “is the enjoyment it gives you over time.” ||||<br />

PHOTO: Courtesy of Museum of Modern Art<br />

36 | ARROYO | 02.17


KITCHEN<br />

CONFESSIONS<br />

Presidents’<br />

Day Revised<br />

GET TO KNOW A LITTLE MORE ABOUT THE OFFICE WE CELEBRATE ON FEB. 20.<br />

BY LESLIE BILDERBACK<br />

<strong>February</strong> is traditionally a time when we wax patriotic and remember the great<br />

leaders of our past. This year, that tradition is more important than ever. If<br />

nothing else, we should remind ourselves that, as a country, we have endured,<br />

despite our electoral blunders.<br />

The third Monday in <strong>February</strong> is a federal and state holiday; in California,<br />

it’s called Presidents’ Day. Our state leaders agreed it was better to have one allencompassing<br />

day than to celebrate Lincoln on the 12th and then Washington about<br />

a week later on the 22nd. I am sure this was economically motivated to keep people<br />

at their desks, but the joke’s on them — because many institutions still take off the<br />

traditional birthdays, in addition to the newer Presidents’ Day. California still lists<br />

both birthdays on calendars, but state employees no longer get both days off as paid<br />

holidays. California — keepin’ it classy and ambiguous.<br />

How you spend your Presidents’ Day holiday is entirely up to you. I fully expect<br />

the majority of Californians to turn it into a long weekend of skiing or themeparking.<br />

But may I suggest that, in this tumultuous time, you spend this Presidents’<br />

Day getting in touch with some of our past leaders. If you do, I think you may find<br />

that our current situation, though dire, is not without precedent.<br />

Historically, our country has often elected the famous over the populist. And it<br />

is not unusual for our choices to perform less illustriously than promised. George<br />

Washington, of course, was beloved by the masses as a warrior and gentleman<br />

farmer, though the farming part was really just theoretical until his retirement, at<br />

which point he still left the actual labor to his hundreds of slaves. Not exactly how<br />

we like to celebrate him. We prefer to make up legends about honor and cherry tree<br />

preservation.<br />

Jefferson was well known for his Francophile ways and his bouffant wig. And<br />

while he penned our most cherished egalitarian document, he personally preferred not<br />

02.17 | ARROYO | 37


KITCHEN<br />

CONFESSIONS<br />

–continued from page 37<br />

to mingle with the common folk. He has been celebrated as a proponent of ending<br />

the importation of slaves, but those views were based not on his desire to end<br />

slavery, but rather to increase the value of his in-house slave-breeding program.<br />

Lincoln is often considered our greatest president. But while the Great<br />

Emancipator despised slavery, he was unwilling to do much about it until it became<br />

clear that emancipation would give him leverage against the Confederacy, by<br />

eliminating its labor force. Also, he condescendingly referred to Sojourner Truth as<br />

“Aunty,” a catch-all name for household servants. He is also known to have referred<br />

to slaves in general as “Cuffie” — a demeaning variation on the West African name<br />

Kofi. Not cool, Uncle Abe. Not cool.<br />

Andrew Jackson was super-popular after defeating the British at New<br />

Orleans during the War of 1812. He was the first to ride mistrust of the political<br />

establishment to victory, promising to directly represent the common man. But<br />

once in office his lavish banquets earned him the nickname “King Andrew.” He<br />

also ushered in the spoils system of political patronage (jobs in return for political<br />

support), effectively killing civil service as it had been known. Not exactly a step<br />

toward good government. Also, Old Hickory killed a guy in a duel, threatened to<br />

kill many others and initiated the Trail of Tears, the forced relocations of thousands<br />

of Native Americans in the Southeast. So much for the Man of the People.<br />

In the election of 1876, New York’s Democratic governor, Samuel J. Tilden,<br />

beat Rutherford B. Hayes in the popular vote by nearly 300,000. But contested<br />

Electoral College votes in several states kept the results in dispute well into January.<br />

(Sound familiar?) Congress set up an Electoral Commission, which determined<br />

the Electoral College count at 187-186 — in favor of Hayes. The victor was, for the<br />

remainder of his term, known as “His Fraudulency.”<br />

Warren G. Harding got the job because the Republican Party thought he<br />

looked presidential. Unfortunately, his looks were the only presidential thing about<br />

him. His oratory skills were subpar, and his speeches were described as “an army<br />

of pompous phrases moving across the landscape in search of an idea.” (Again —<br />

sound familiar?) In addition to his communication deficit, he was known for tawdry<br />

extramarital affairs, an illegitimate child and the Teapot Dome scandal, in which<br />

the interior secretary received payment for secretly and exclusively leasing federal<br />

oil reserves to the Mammoth Oil Company. And he had the worst nickname ever<br />

— “Wobbly Warren.”<br />

So, my fellow Americans, the White House has a long history of arrogant,<br />

aggressive, morally confused inhabitants. Luckily, we have always been able to<br />

balance it with sobriety, discipline and restraint, though not necessarily in the same<br />

administration. I have every expectation that we will come out on the other end a<br />

stronger, smarter nation. ||||<br />

Sour Grapes Salad<br />

Here’s a suggestion for the inaugural party I am sure you are totally having.<br />

INGREDIENTS<br />

1 cup sour cream or plain yogurt<br />

Grated zest and juice of 1 lemon<br />

1 teaspoon celery seed<br />

½ teaspoon sea salt<br />

½ teaspoon freshly cracked black pepper<br />

1 pound seedless grapes (green and red,<br />

mixed if possible), halved<br />

1 Fuji apple, diced<br />

2 stalks celery, diced<br />

½ red onion, sliced<br />

1 large cooked chicken breast, shredded<br />

1 cup walnut halves, roughly chopped<br />

½ cup golden raisins<br />

METHOD<br />

In a large bowl combine sour cream, lemon zest and juice, celery seed, salt and pepper. Mix well. Add<br />

the remaining ingredients to the bowl, and toss to evenly coat. Adjust seasoning if needed. Serve on a<br />

bed of lettuce leaves — and with a positive attitude.<br />

Leslie Bilderback is a certifi ed master baker, chef and cookbook author. She lives in<br />

South Pasadena and teaches her techniques online at culinarymasterclass.com.<br />

38 | ARROYO | 02.17


A SELECTIVE PREVIEW OF UPCOMING EVENTS<br />

COMPILED BY JOHN SOLLENBERGER<br />

THE LIST<br />

Vintage Films,<br />

van Gogh at<br />

Norton Simon<br />

On Fridays this month,<br />

catch vintage fi lms<br />

about offbeat romances and learn<br />

more about Vincent van Gogh at the<br />

Norton Simon Museum. All movies screen<br />

at 5:30 p.m.<br />

Feb. 3 — The 1934 Frank Capra comedy,<br />

It Happened One Night, is the story of opposites<br />

attracting on a road trip involving<br />

a spoiled socialite; stars are Clark Gable<br />

and Claudette Colbert.<br />

Feb. 10 — Ball of Fire (1941) follows a<br />

professor, Bertram Potts (Gary Cooper),<br />

whose research on slang brings him to a<br />

chic nightclub where he meets burlesque<br />

performer “Sugarpuss” O’Shea (Barbara<br />

Stanwyck).<br />

Feb. 17 — Barefoot in the Park (1967) is a<br />

romantic comedy about a conservative<br />

young lawyer (Robert Redford) and a<br />

vivacious young woman (Jane Fonda).<br />

Feb. 23 — Harold and Maude (1971) is<br />

a cult classic about Harold, a deathobsessed<br />

young man (Bud Cort), who<br />

meets a devil-may-care octogenarian<br />

(Ruth Gordon), and the emotional and<br />

romantic bond that develops.<br />

Feb. 25 — Axel Rüger, director of the<br />

Van Gogh Museum in Amsterdam, gives<br />

a lecture titled “From Unrecognized to<br />

Genius to Global Icon: Vincent van Gogh<br />

Then and Now,” from 4 to 5 p.m.<br />

All events are included in regular museum<br />

admission of $12 and $9 for seniors; members,<br />

students and those 18 and younger<br />

are admitted free.<br />

Norton Simon Museum is located at 411<br />

W. Colorado Blvd., Pasadena. Call (626)<br />

449-6840 or visit nortonsimon.org.<br />

Caltech Music<br />

from Mozart<br />

to Monk<br />

Feb. 4 — The Caltech<br />

Jazz Band, under the<br />

direction of Glenn Price, performs a free<br />

public concert at 8 p.m.<br />

Feb. 11 — The Turtle Island Quartet and<br />

pianist Cyrus Chestnut play jazz and classical<br />

music at 8 p.m. “Jelly, Rags & Monk”<br />

features music by Jelly Roll Morton,<br />

Thelonious Monk and more. Tickets range<br />

from $10 to $40.<br />

Feb. 22 — David Prober, a Caltech assistant<br />

biology professor, lectures on “Using<br />

CHINESE NEW YEAR,<br />

BONSAI AND BLOODY<br />

HISTORY<br />

Feb 4 and 5 — The Chinese New Year Festival features lion dancers, martial<br />

arts, Chinese music and other activities from 10 a.m. to 5 p.m. both days. Free<br />

with regular Huntington admission.<br />

Feb. 8 — John Mack Faragher, professor emeritus of History and American<br />

Studies at Yale, discusses “The Theater of Many Deeds of Blood: The Geography<br />

of Violence in Frontier Los Angeles” at 7:30 p.m He will sign copies of his book,<br />

Eternity Street: Violence and Justice in Frontier Los Angeles, following the<br />

lecture. Admission is free; no reservations required.<br />

Feb 25 and 26 — The Bonsai-A-Thon offers exhibits, demonstrations, prize<br />

drawings and a live auction both days. Proceeds support the Huntington’s<br />

Golden State Bonsai Collection. Free with regular Huntington admission.<br />

The Huntington Library, Art Collections and Botanical Gardens is located at 1151<br />

Oxford Rd., San Marino. Admission costs $23 on weekdays ($25 on weekends), $19<br />

for seniors and students on weekdays ($21 on weekends) and $10 for youth ages 4 to<br />

11 every day. Call (626) 405-2100 or visit huntington.org. .<br />

Fish to Understand Why and How We<br />

Sleep” at 8 p.m. Prober explores the fact<br />

that, while humans can control urges such<br />

as hunger and thirst, we cannot keep from<br />

falling asleep and know very little about<br />

why we sleep or how sleep is regulated.<br />

Prober is studying zebrafish to help find<br />

answers. Free and open to the public.<br />

Feb. 26 — The award-winning Pacifi ca<br />

Quartet performs works by Mozart,<br />

Beethoven and Israeli-American composer<br />

Shulamit Ran in a Coleman Chamber<br />

Music Concert at 3:30 p.m. Tickets range<br />

from $20 to $49.<br />

All events are held in Caltech’s Beckman<br />

Auditorium, Michigan Avenue south of<br />

Del Mar Boulevard, Pasadena. Call (626)<br />

395-4652 or visit events.caltech.edu.<br />

Tangled Lover’s<br />

Web on<br />

NoHo Stage<br />

Feb. 4 through Feb.<br />

26 — War Stories, a<br />

play about people in their 30s navigating<br />

work and love, opens at 8 p.m. Feb.<br />

4 at Actors Workout Studio. The Extra Dry<br />

Martini Productions piece is an expanded<br />

version of playwright Sarah Kelly’s hit at<br />

the 2016 Hollywood Fringe Festival. The<br />

show continues through Feb. 26 at 8 p.m.<br />

Fridays and Saturdays, 7 p.m. Sundays.<br />

Tickets cost $20.<br />

Actors Workout Studio is located at 4735<br />

Lankershim Blvd., North Hollywood. Call<br />

(818) 506-3903 or visit edm.ticketleap.<br />

com/war-stories.<br />

Chamber<br />

Orchestra<br />

Concerts Span<br />

SoCal<br />

Feb. 9 — The Los<br />

Angeles Chamber Orchestra (LACO)<br />

Baroque Conversations series presents<br />

Rachel Barton Pine (above), master of<br />

the viola d’amore and a Baroque violinist,<br />

at 7:30 p.m. at Zipper Concert Hall,<br />

performing works by Vivaldi, Pisendel and<br />

Locatelli. Ticket prices start at $58.<br />

Zipper Concert Hall is located at 200 S.<br />

Grand Ave., L.A.<br />

Feb. 23 — “Music: The Mirror of Time,”<br />

a 7:30 p.m. LACO concert at the Moss<br />

Theater at New Roads School in Santa<br />

Monica focusing on English music, features<br />

the West Coast premiere of Andrew<br />

Norman’s Sonnets, plus works by Elgar.<br />

Jan Swafford, a composer, author and<br />

music essayist who has illuminated the<br />

lives of Beethoven, Brahms and Charles<br />

Ives, is scheduled to speak. Tickets start<br />

at $56.<br />

The Moss Theater is located at 3131 Olympic<br />

Blvd., Santa Monica.<br />

Feb. 25 — LACO honors John Adams’<br />

70th birthday with an 8 p.m. concert<br />

of his works, including the composer’s<br />

“The Wound-Dresser,” at Glendale’s Alex<br />

Theatre, guest conducted by Carlos<br />

Kalmar. Brian Mulligan is guest baritone.<br />

The concert repeats at 7 p.m. Feb. 26 at<br />

UCLA’s Royce Hall. Tickets start at $27.<br />

–continued on page 40<br />

02.17 | ARROYO | 39


THE LIST<br />

–continued from page 39<br />

The Alex Theatre is located at 216 N.<br />

Brand Blvd., Glendale Call (213) 622-7001<br />

or visit laco.org.<br />

A Family Story<br />

Feb. 10 through<br />

March 19 — Theatre<br />

West presents playwright<br />

Darryl Vinyard’s<br />

comedy Family Only. The play follows<br />

Will and Nicole as they throw a housewarming<br />

party at the fi xer-upper they’ve<br />

just purchased for, as the title suggests,<br />

family members only. Arden Teresa Lewis<br />

directs. The schedule through March 19<br />

is 8 p.m. Fridays and Saturdays, 2 p.m.<br />

Sundays. Tickets cost $20, $15 for seniors<br />

and $5 for students under 25.<br />

Theatre West is located at 3333 Cahuenga<br />

Blvd. West, L.A. Call (323) 851-7977 or visit<br />

theatrewest.org.<br />

Camellias, Tea<br />

and Water<br />

on Tap at<br />

Descanso<br />

Feb. 11 and 12 —<br />

Descanso’s Camellia and Tea Festival runs<br />

from 10 a.m. to 2 p.m. both days, with<br />

Chado tea tasting from 10 a.m. to 2 p.m.,<br />

camellia walks at 9:30 a.m., the camellia<br />

exploration station display and performances<br />

by Invertigo Dance Theatre at<br />

10:30 a.m. and 1 p.m. Free with regular<br />

Descanso admission.<br />

Feb. 18 — Rich Atwater, executive director<br />

of the Southern California Water Committee,<br />

and Rachel Young, Descanso’s<br />

director of Horticulture and Garden<br />

Operations, lead a 10 a.m. garden<br />

walk exploring water-wise practices at<br />

Descanso and techniques guests can use<br />

in their own gardens. Free with Descanso<br />

admission.<br />

Descanso Gardens is located at 1418<br />

Descanso Dr., La Cañada Flintridge.<br />

Admission costs $9, $6 for seniors and<br />

students and $4 for children age 5 to 12;<br />

members and kids 4 and younger are<br />

admitted free. Call (818) 949-4200 or visit<br />

descansogardens.org.<br />

Valentine’s Day<br />

the Animal Way<br />

Feb. 11 — Just in time<br />

for Valentine’s Day,<br />

the L.A. Zoo opens to adults only for its<br />

annual installment of “Sex and the City<br />

Zoo,” a light-hearted celebration of “romance”<br />

in the animal kingdom, from 5 to<br />

7 p.m. in Witherbee Auditorium. Celebrating<br />

its 50th anniversary, the zoo launches<br />

a dining series with a fi ve-course dinner<br />

from Taste of the Wild’s executive chef,<br />

Brad Robertson, with sustainable wine<br />

pairings from Foxem. The heart of the<br />

evening is a provocative presentation<br />

by an animal expert on animal mating,<br />

“dating” and cohabitation. Tickets for<br />

the complete festivities cost $145 ($130<br />

for Greater Los Angeles Zoo Association<br />

members). Tickets for the reception and<br />

lecture only cost $40 ($30 for members).<br />

The L.A. Zoo is located at 5333 Zoo Dr.,<br />

Griffi th Park. Call (323) 644-4200 or visit<br />

lazoo.org.<br />

Western Masters<br />

Display Wares<br />

at Autry<br />

Feb. 11 through<br />

March 26 — The Autry<br />

Museum of the American West’s annual<br />

Masters of the American West exhibition<br />

and sale runs Feb. 11 through March 26.<br />

Opening day features an early-bird preview,<br />

artist presentations by John Fawcett<br />

and Tammy Garcia, an awards presentation<br />

and chuck-wagon-barbecue buffet<br />

luncheon. The museum closes at 4 p.m.<br />

and reopens for a cocktail reception and<br />

sale from 5:30 to 9 p.m. Daytime-only tickets<br />

cost $170 ($95 for members). All-day<br />

tickets that include evening activities cost<br />

$270 ($195 for members). Participating<br />

artists include Bill Anton, George Carlson,<br />

Tammy Garcia, Robert Griffing, Z.S. Liang,<br />

Kyle Polzin, Mian Situ, Tucker Smith, Curt<br />

Walters and Morgan Weistling.<br />

The Autry Museum of the American West<br />

is located at 4700 Western Heritage Way,<br />

Griffi th Park. Call (323) 667-2000 or visit<br />

theautry.org.<br />

–continued on page 42<br />

40 | ARROYO | 02.17


02.17 | ARROYO | 41


THE LIST<br />

PHOTO: Andrea Joynt<br />

RUSSIANS OCCUPY<br />

PASADENA SYMPHONY<br />

Feb. 18 — The Pasadena Symphony’s Singpoli Symphony Classics Series features<br />

Rachmaninoff’s Piano Concerto No. 2 and Tchaikovsky’s Symphony No. 6<br />

“Pathétique.” Featured pianist is Natasha Paremski (above), and David Lockington<br />

conducts. Concerts start at 2 and 8 p.m. at the Ambassador Auditorium. Ticket<br />

prices start at $35.<br />

The Ambassador Auditorium is located at 131 S. St. John Ave., Pasadena. Call (626)<br />

793-7172 or visit pasadenasymphony-pops.org.<br />

–continued from page 40<br />

From Vienna to New York with<br />

Camerata Pacifi ca<br />

Feb. 15 — The Camerata Pacifi ca<br />

chamber ensemble performs a 7:30 p.m.<br />

concert of late Mozart piano music, an<br />

early Beethoven cello sonata and, from<br />

the late 20th century, Steve Reich’s classic<br />

“New York Counterpoint,” plus more<br />

at the Huntington. Tickets cost $56.<br />

The Huntington Library, Art Collections<br />

and Botanical Gardens is located at 1151<br />

Oxford Rd., San Marino. Call (805) 884-<br />

8410 or visit cameratapacifi ca.org.<br />

Gala Benefi ts Hillsides’ Youth Aid<br />

Feb. 25 — Hillsides hosts its annual gala at<br />

6 p.m. at the Langham Huntington, Pasadena.<br />

The theme, “Las Flores de Hillsides”<br />

(The Flowers of Hillsides), reflects gala Chair<br />

Sara Simpson’s interest in Latin American<br />

culture, which colors the event’s cocktails,<br />

cuisine, décor and entertainment. Tickets<br />

cost $300. Hillsides provides care, advocacy<br />

and services for children and youth.<br />

The Langham Huntington, Pasadena is located<br />

at 1401 S. Oak Knoll Ave., Pasadena.<br />

Call (323) 254-2274 or visit hillsides.org. ||||<br />

42 | ARROYO | 02.17


44 | ARROYO | 02.17

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