Water availability/sustainability long term

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Hello all I am considering getting a primary residence to house hack next year and I am trying to decide on what market I would like to be in. This would be a buy and hold SFH (Maybe 3 bed 3 bath?) and cash flow deal. Having moved to Phoenix in March I am really enjoying the city and considering staying. However I am wondering about if water shortages could be problematic and if there are shortages cause my houses value to drop substantially. This utility company for Phoenix seems confident they will have water for the foreseeable future (https://droughtfacts.com/risks...) but at the same time everyone knows the southwests water reservoirs are drying up. Just curious to hear peoples thoughts, especially people that live in the Southwest. Thanks for your time.

-Cody