This post was started almost 3 years ago. I read all the posts again and they were really interesting and the ones I posted are still true today.
BUT the big change here in sw Colorado is the price of property. I bought my property ( 6.3 acres) in 1994 for $50,000 including 5 shares of irrigation water. We built our home in 2000 for $77.00 a sq ft. I have invested around $300,000. In the last 5 years property values have soared here. My place in now worth between $800, 000 & 850,000. Taxes are still very reasonable as mine is still around $1,200 a year, it includes a senior credit of taking $100,000 off of the assessed value.
If I were to start all over, I doubt that I could afford to do this at today's values, especially being retired.