Legacy Land - What types of land would you purchase to pass down?

[Pierre E.]

I am exploring the idea of buying land, with the plan to pass it down through family.  Has anyone done this? I know this may be an individual decision ultimately, but what types of land did you purchase, or what regions, or what characteristics and why?  

Farm Land? Lake Property? Mountain Property? Desert Land? Lots of Acres at lower cost?  Small lots in a prime location? Close to your primary residence?  Vacation areas? Areas that can be subdivided?