May 11, 2006 - RS Homes Announced at Eagles Nest

First Custom Spec Home Plans Will Commence In Summer 2006

FOUNTAIN HILLS, Ariz. (May 11, 2006) – Scottsdale-based RS Homes, winner of the Home Builder’s Association “Custom Home of the Year” award for the past four years, will bring its award-winning reputation to Eagles Nest, the 244 custom-lot community in Fountain Hills, starting with the construction of a custom spec home. The home, designed by renowned Scottsdale architect German Robledo, will be approximately 6,500 square feet and designed as a progressive, elegant ranch-styled house terraced into the natural slope of its hillside lot. Development is planned to begin this summer on one of the scenic, mountainside lots in Eagles Nest. The home will set a new high standard, both in quality of construction and architecture, for Fountain Hills and will be designed for the dramatic, elevated landscape of Eagles Nest capitalizing on the expansive mountain views of the Four Peaks, McDowells, Superstition, Goldfield and Mazatzal mountain ranges. RS Homes, founded by the nationally acclaimed team of Charlie Owen and Richard Sinagoga, has been a long-time Scottsdale favorite in creating ultra high-end, unique homes with exterior appeal and interior livability. “We are excited to be building at Eagles Nest,” said Richard Sinagoga, owner of RS Homes. “The community is beautiful and the area lends itself to some amazing, one-of-a-kind architecture.” The company has been awarded a number of prestigious regional and national awards, including the 2003 and 2004 “Best in American Living Silver Award” and the 2003 Gold Nuggett “Best in the West” award. “We are thrilled to have a builder with the caliber of Richard Sinagoga and RS Homes at Eagles Nest,” said Jeremy Hall, president of MCO Properties. “Their high standard of excellence and unparalleled reputation is a first for Fountain Hills and a wonderful testament to the prestige of Eagles Nest.” RS Homes is the newest Scottsdale-based builder to be announced at Eagles Nest.

ABOUT EAGLES NEST

Located in the foothills of the McDowell Mountains in Fountain Hills, Ariz., Eagles Nest spans more than 500 acres and features only 244 custom residential lots – each measuring one acre or more in size. For further information on Eagles Nest, please call (480) 837-1005 or visit www.eaglesnestliving.com. Custom homesites at Eagles Nest are priced from the $500,000s to $1.5 million. Sales by MCO Realty, Inc.