If you are looking to keep or increase your quality of life, being near family may be a big component.

Think sewer line, water line, sink holes.Businesses which use water will be increasingly stressed by increased costs and lack of availability of this key component of their business.

I would like to see more business management components added, possibly some marketing material added, and last but not least I would like to see a direct link to the MLS for comps and more critical information regarding properties.

As you move to the north and south of Denver, cash flow can become a larger component of your return while you sacrifice a small bit of the appreciation gain but still have a solid overall return.If your goals are entirely based around cash flow, you will probably find that there are other markets outside of Colorado that will offer you a better cash return but you will add some uncertainty of managing those properties from a distance.

Most of the time, even run down properties are being sold at high premiums, because the land itself is the valuable component of the property.

Furnace age and roof age; those are major components.  

Oil production is a component, but most of that is either Western Slope or Northeast (Weld / Morgan / Logan).

Components?

In case you haven't seen it, Meet Kevin did a great video a week ago on a number of the components of that Stimulus bill.

All of us need to be shifting our strategies.And you should acknowledge that many cash flowing properties also have an appreciation component.