LUXURY DOWNSIZING IN PASADENA
How luxury downsizing in Pasadena fosters luxury travel for Baby Boomers
What do Baby Boomers want? Luxury travel. How are they going to get it? By trading their high-maintenance homes for luxury downsizing in Pasadena at communities like Terraces at The Ambassador Gardens in Old Town Pasadena. Terraces is slated to open the highly-anticipated Model Homes late spring, offering plush tri-level townhomes with private elevators and single-level flats priced from the mid $2 millions.
This trend is playing out all across as the country, as retirees and those who are getting ready to retire look to downsize without downgrading. Increasingly, they are choosing to lighten their load by selling their large estate, which frees up time to travel the world.
“Given the fact that many Baby Boomers came of age during a time of lucrative retirement packages and economic strength, the majority of this generation has been able to retire in comfort with the funds to travel during their golden years,” said Rezdy. “Only 57 percent of Boomers say that their budget plays a factor in their trip, and many are prone to booking luxury services included upgraded tour and activity packages.”
Yes, if you find yourself craving a full calendar of travel to new and exciting locales, you’re not alone. “More than 50 percent of discretionary dollars are in Baby Boomers’ hands, and their No. 1 interest is travel,” said Travel Pulse.
So, the real question is: Where will you go first after buying your new Terraces home and luxury downsizing in Pasadena? We tapped self-professed Baby Boomer and travel expert Patti Morrow from Luggage and Lipstick for her curated look at today’s top travel trends.
“One of the biggest trends for the Baby Boomer demographic is luxury trekking,” said Luggage and Lipstick. “Destinations like Peru’s Sacred Valley and Machu Picchu are highly desired, topping many Boomer bucket lists, but the classic four-day Inca Trail which requires four nights of camping is a turn-off. Sure, they have porters to carry your gear, but at the end of the day you are still sleeping in a tent.” The alternative: Upscale tours “with stays at cozy, luxurious lodges and customized hikes that range from easy to extreme. They successfully combine remote locations with high-end accommodations and must-see iconic sites.”
History Based Itineraries
Think about the places where historical events occurred. This type of travel is hot with Baby Boomers: “The beaches of Normandy, the Latin Bridge in Sarajevo, Johnstown and Gettysburg in Pennsylvania, the Bund in Shanghai. Boomers are realizing that planning travel itineraries based upon significant historical events or periods in which they’ve been interested can be intellectually rewarding and lead to greater insights and understanding.”
Food Walking Tours
“Whether it be a food walking tour in Athens, completing a paella class in Valencia, Spain, taking a glass of A Ginjinha in Lisbon and eating some Portuguese tarts with a local guide, we baby boomers love experiences. We want to visit the markets before cooking a Thai banquet on the Chao Phraya River in Bangkok and to cook pasta in Tuscany, Italy. Food walking tours and cooking schools are a significant travel trend.”
The word, ‘adventure’ has expanded, opening up tons of opportunities for Baby Boomers looking to incorporate this into their travel plans. “Lucky us. Just as we slide further into the Boomer age group, the definition of ‘adventure’ broadens to include us. Adventure travel used to describe risky activities like rock climbing, white water rafting, and endurance challenges high and low. Now boomers embrace ‘soft adventure’ as part of their travel mix. The adventure travel industry itself is reassessing activities as it learns from its aging clientele, offering plenty of options for various fitness levels and multiple generations. To many, adventure also signifies the cultural experiences and sustainability practices that are introduced through local tour operators.”
“Walking safaris in Zambia? River cruising in Myanmar? Getting off-the-beaten-path in the eco-chic Bocas del Toro islands of Panama? On these recent trips of ours, most guests were like-minded boomers. As we hit 50, 60 and 70, we have the time and means to venture beyond the tried-and-true destinations. We’re lusting to experience the exotic—to explore exotic destinations, taste different foods and learn about unfamiliar cultures.”
Cruising has long been popular with this portion of the population, but this is a new way to experience it. “Want to explore the easy way? Try an expedition cruise. Also known as adventure cruises, these journeys take you to far-flung destinations for a close-up look at wildlife, landscape, and culture. Forget crowded ports or shopping, you’ll travel on small ships that focus on experiencing a place. Knowledgeable guides accompany you on walks with penguins in Antarctica, meet-ups with the locals at a sing-sing ceremony in Papua New Guinea, or floating among the giant icebergs in Greenland’s Scoresbysund.”
European River Cruising
This is another cruising trend for Baby Boomers. “Offering a wide range of cultural, culinary, and scenic itineraries, European river cruises have been and continue to be popular with baby boomers. Whether well-traveled or new to travel, many boomers enjoy leaving the planning and details to the cruise line, including the structured (yet optional) excursions and the great onboard meals. We most often travel to several cities on trips, so river cruises are a nice change; we can see numerous places without needing to change hotels and there are beautiful views along the way.”
“Baby Boomers are traveling Internationally to seek remedies for their aches and pains from long flights and excessive adventures. One of my more memorable ones was a trip to Thailand and Malaysia where we had massages, pedicures, facials and an antioxidant treatment which was similar to a sauna. I recommend massages anytime for jet lag! If you are in Phuket Thailand try the Centara Cenvaree Grand Spa, or if you are in Ipoh Malaysia make sure you set aside several days for the Banjaran Hotsprings Retreat.”
Freedom to explore
Luxury downsizing in Pasadena is such a pervasive trend because many Baby Boomers are looking to spend more time enjoying their surroundings—and less taking care of them—at this stage in their lives. They are specifically seeking popular neighborhoods like Old Town Pasadena, where they can walk to favorite restaurants and shops, as well as museums and local events.
The luxurious residences of Terraces offer great opportunities for luxury downsizing in Pasadena, with superb quality construction with detailed architecture, modern floorplans, and premium interior details. These tri-level townhomes with private elevators and single-level flats feature three to four bedrooms in 3,040 to 4,430 square feet of beautifully designed, custom-quality living space.
Gourmet kitchens present expansive islands, European-style cabinetry in designer-selected finishes and with soft-close doors and drawers, Caesarstone® countertops, Wolf and Asko appliances, and built-in Subzero refrigerators. Entertainment rooms, home office/retreats, sumptuous master suites, rooftop decks or outdoor terraces with glass railings to maximize views, and four-car garages are just a few more coveted features.
Set in an established, upscale-urban neighborhood revered for its lifestyle, Terraces showcases incomparable accessibility. Owners are just a few blocks from some of Southern California’s best dining spots ranging from cafes and casual eateries to high-end restaurants, as well as prime shopping, several museums including the Norton Simon, and even the theater.
Yet living at Terraces means being ensconced within a private wonderland in an historic garden setting. You just might forget you’re in the middle of a vibrant city when you’re strolling among acres of lush rolling lawns, blooming flowers, meandering walkways, towering trees, and bubbling fountains and streams. It may seem too good to be true to have these amazing gardens right in your backyard, but that’s one of the many incredible advantages of owning at Terraces.
For more information about luxury downsizing in Pasadena, visit Terraces at The Ambassador Gardensor register on the VIP list to make sure you are able to purchase one of these homes.
February 28th, 2019|Categories: Terraces News|Tags: buying a luxury townhome, buying a luxury townhome in pasadena, downsizing, luxury downsizing, Pasadena luxury flats, pasadena luxury homes, pasadena luxury real estate, Pasadena luxury townhomes, pasadena real estate|0 Comments