Equity Directions, Inc.

Maravilla Resort

Maravilla Resort is being developed by Desarrollos Todos Santos, S.A. de C.V. (DTS) who over the last 10 years has assembled, acquired and master planned 1150 beach front acres in the Todos Santos region of Baja California Sur for the development of an ultra luxury resort. The principals of DTS have developed over $100 Million real estate holdings with a combined track record of over 50 years of development, management, construction and financing expertise. Desarrollos Todos Santos is pleased to provide this Executive Summary for the development of a major ultra luxury ocean front destination resort on the southern coast of the Baja California Peninsula.

Maravilla is destined to be Mexico’s premier destination resort. Located only 46 miles north of the tip of Cabo San Lucas and 45 miles south of the La Paz Airport. Nestled on Baja’s Pacific Coast, Maravilla lies in the fertile agricultural region of Todos Santos. This charming town with its colorful plaza, quaint theater and Spanish Colonial ambiance is reminiscent of Puerto Vallarta in the 1950’s.

Once a prosperous sugar cane plantation, 1,150 acres of this secluded tropical setting has been master planned as an Private Community of approximately 400 residential view oriented lots. The residential components will offer a wide selection of products including pre-designed villas, golf oriented homesites, large 4 to 10 acre estates and condominium/pueblo clusters with its own community club and pool areas.

The dramatic setting of Maravilla, coupled with the finest micro climate in North America, experiences year round temperatures averaging a pleasant 75-85 degrees. The palm laden lagoon offers an incomparable 900 yard crescent shaped white sand beach. Its abundant tropical landscaping, fresh water lagoons and natural pristine beauty promises to make Maravilla the Peninsula’s year round golf resort of choice for the discriminating world traveler. Its ideal weather and the natural beauty at Maravilla are unequaled.

Of primary consideration in the creation of Maravilla is the environmental balance essential to the preservation of the site’s natural character. This is achieved through the use of local materials, careful design and sensitive management. In virtually all instances structures at Maravilla are low rise, Mexican Colonial architecture, unobtrusive and in harmony with their natural surroundings. This tropical beach front “oasis” will create a desire for guests and residents to devote maximum time to the “Maravilla experience”.

MRI will offer certain profit centers within its master planned development to be considered on either a joint venture or land purchase.

The composition of each of the following development opportunities has been carefully analyzed by various consultants to bring the most desirable yield without sacrificing the natural beauty of this unique site. Low density with large two to five acre custom estate lots, strict architectural guidelines and traditional Mexican Colonial architecture will preserve the ambiance and character of the Todos Santos environment. This sensitivity to planned luxury development will attract the clientele who enjoy Mexico and the unspoiled character of the quaint village of Todos Santos.

The Maravilla Community is designed to offer an ultimate “private” environment. Its spectacular ocean views, charming Mexican Colonial architecture, exquisite spacious suites and exceptional service provides the guest with an unforgettable and relaxed experience. Golf, spa treatments, fishing, snorkeling, horseback riding and shopping all combined to assure a relaxed and tranquil experience.

LOCATION

TODOS SANTOS meaning “All Saints” is a small sub-tropical town overlooking the Pacific Ocean approximately 50 miles north of Cabo San Lucas on the Baja Peninsula. With a population nearing 8,500 inhabitants and bordering the Tropic of Cancer, this lush environment fifty years ago was dependent on the sugar cane industry. Today, Todos Santos is a quaint and sleepy village deriving most of its income from the rich soils and oyster beds along the coast.

The Maravilla Community, approximately two miles south of Todos Santos, is to be the premier luxury golf destination resort on the Pacific coast of the southern Baja Peninsula. Once a sugar plantation, the property enjoys a spectacular 900 yard pristine beach, thousands of native palm trees and a 25 acre fresh-water lagoon creating a natural sanctuary for hundreds of birds.

Maravilla is flanked by two sheltering hillsides... creating a natural cove with a year round micro-climate of 75 to 85 degrees. With its rich top soil, underground water source and unique seclusion, Maravilla provides the ultimate setting for international appeal.

Flights to Cabo San Lucas and La Paz are available through Los Angeles, San Diego, Phoenix, Tucson, Dallas, Houston and Denver. Major air carriers include Alaska, AeroCalifornia, AeroMexico, Continental, Mexicana and United Airlines. There is currently 26 flights per day arriving in Cabo San Lucas.

Los Angeles currently has six direct flights into Cabo San Lucas and five direct flights into La Paz airports. The two hour flight from southern California to Los Cabos allows a traveler to have lunch in Los Angeles and arrive at Maravilla in time for a twilight dinner overlooking the lagoon.

From La Paz, Maravilla is a 50 minute drive south on the newly paved Highway 19 offering a safe and enjoyable experience with beautiful desert scenery. Upon reaching Todos Santos this rustic terrain is transformed into lush palm trees and mango orchards.

From Los Cabos International Airport, the newly completed four lane highway connects the towns of San Jose Del Cabo and Cabo San Lucas. The coastal drive to Maravilla is approximately 45 minutes north of Cabo San Lucas.
LAWS AFFECTING MEXICAN INVESTMENT

As of December 1993, important changes favoring foreign investment include the right to purchase land outright even in the restricted zones. Until now investors have been reluctant to invest in areas where the real estate could not be used as direct security for their investments. The right to purchase without a “fideicomiso” (Trust) does not include residential property for individual homes. Under the new law a foreign investor could legally purchase, in his own name, a tract of land to be developed as a residential subdivision. The individual lots, however, would require the use of a “fideicomiso” if purchased by foreigners. If, for instance, the foreign developer wished to retain one of the lots in his subdivision for himself for the construction of his own residence, then he too would require a “fideicomiso” for that tract of property.

Other major changes designed to attract foreign capital include the right for profits from foreign investment to be withdrawn from Mexico and sent to the country of origin of the foreign investor. Also, foreign investors are guaranteed the same rights and restrictions as similar businesses owned or operated by nationals. Property and businesses owned by foreigners will be protected from expropriation under extensive legislation allowing expropriation only for reason of public domain and may not be enacted in a discriminatory manner.

DEVELOPER AND PROFESSIONAL ADVISORS

Since 1975, the principles of Desarrollos Todos Santos have provided leadership and a sound management approach to virtually every real estate development dimension. A portfolio includes a successful history of developing, managing and marketing over $100 million in real estate.

Maravilla is master-developed by Desarrollos Todos Santos, Inc. and will be responsible for the tasks of developing the resort into a viable land subdivision, including, but not limited to, land acquisition, planning, financing and construction of infrastructure and amenities..

It is anticipated that certain operational management functions may be contracted out to one or more third-party firms. Such management functions may include the operation of the resort’s Maravilla hotels, resort membership club, golf course, club house, tennis garden and beach club. DTS will direct and coordinate the marketing and sale of the various residential offerings.

The Maravilla development team is comprised of qualified professionals in real estate development, finance, construction, and marketing ---- all of whom share an enduring commitment to quality and service.

The vision that DTS has for Maravilla promises a dramatic and challenging future.

To assist in the development of Maravilla, the following professionals have been selected in the creation of what will be the finest resorts in the World: