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The Cairn, Tetherow’s Vacation Home Neighborhood, provides you the luxury amenities of an award-winning resort, a location near downtown Bend, the adventure of bordering Deschutes National Forest and the opportunity to utilize a resort-backed rental program. YOUR WAYPOINT FOR ADVENTURE 22 HOMESITES DESIGNED BY PAUL MOON Cairns are used as trail markers in many parts of the world, from mountaintops to waterways to tundra. They guide your journey and usher you home. WELCOME TO THE CAIRN.

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Page 1: Cairn E-Book

The Cairn, Tetherow’s Vacation Home Neighborhood, provides you the luxury amenities of an award-winning

resort, a location near downtown Bend, the adventure of bordering Deschutes National Forest and the opportunity

to utilize a resort-backed rental program.

YO U R WAY P O I N T F O R A D V E N T U R E

22 HOMESITES • DESIGNED BY PAUL MOON

Cairns are used as trail markers in many parts of the world, from mountaintops to waterways to tundra.

They guide your journey and usher you home.

W E L C O M E TO T H E C A I R N.

Page 2: Cairn E-Book

Whether your travels lead you around the resort or across the region, the Cairn Vacation Home Neighborhood serves

as your base camp and beacon. It’s convenient and quick to begin your adventure of biking Phil’s Trail, exploring the

Deschutes National Forest trails or driving the Cascade Lakes Highway from Tetherow! Each turn-key home features 4

to 5 bedrooms and 5 to 5.5 bathrooms, fine yet functional finishes, ample storage and 2700 - 3100 square feet.

WELCOME

CHOOSE YOUR PLAN AND ENJOY YOUR VACATION

Hardwood flooring

Quartz slab kitchens

4 to 5 bedrooms & 5 to 5.5 bathrooms

Gas fireplaces

Options of 2 color palettes and 2 interior

design packages per home style

Most homes offer exterior fire pits

Outdoor hot tub hookups

Durable HardiePlank siding

Attached garages

Mountain or forest views

Prime location in the heart of the resort

EVERY HOME FEATURES

PAULINA PLAN

› Modern and stylish with clean lines

› 3,094 square feet

› Intimate rear courtyard

› Abundant natural light

› Expansive southern Paulina views

› Two car attached garage

› Available at $819,000

4616 25th Ave. NE #177Seattle, WA. 98105

P: 206.985.9420F: 253.954.0014

The Paulina HouseFloor Plans

Oct. 12, 2015

F I R S T F L O O R P L A N 1/8"=1'-0"

4616 25th Ave. NE #177Seattle, WA. 98105

P: 206.985.9420F: 253.954.0014

The Paulina HouseFloor Plans

Oct. 12, 2015

S E C O N D F L O O R P L A N 1/8"=1'-0"

TETHEROW RECREATION CENTEROctober 05, 2015

PERSPECTIVES

Can t i l eve r t r e l l i s ove r wa l kway, e l im ina te pos t s on poo l s i de o f wa l k way

S tee l t ube pos t s , pa in t t o ma tch con tempora ry cabanas

Wate r fa l l & bas in , p ro tec ted f r om w ind

Page 3: Cairn E-Book

TETHEROW VACATION HOMES IN THE CAIRN

WHEN YOUR VACATION IS OVER

Tetherow Vacation Homes are wholly-owned vacation properties at Tetherow Resort. This is the only resort-backed rental

program in the Bend area and it can be utilized in a variety of ways. While the home must be available for rent 38 weeks

annually and at a rate of your choice, you have the ability to enjoy it as much as you would like if it is not actively being rented.

All Tetherow Vacation Homes must be managed by a professional property management company.

Only the vacation homes managed by

Tetherow Management guarantee their

guests and renters have full access to

resort amenities, including golf, the

recreation center, pool, property wide

charging capabilities, 24-hr staffing and

more. Ask us about utilizing Tetherow

Management to rent, manage, clean

and secure your home!

› Urban mountain style

› 2,851 square feet

› Second story deck with

magnificent views

› Northwestern views toward

the Cascade Range

› Reverse living functionality

› Available at $724,000

MILL HOUSE PLAN

4616 25th Ave. NE #177Seattle, WA. 98105

P: 206.985.9420F: 253.954.0014

The Mill HouseFloor Plans

Oct. 12, 2015

F I R S T F L O O R P L A N 1/8"=1'-0"

4616 25th Ave. NE #177Seattle, WA. 98105

P: 206.985.9420F: 253.954.0014

The Mill HouseFloor Plans

Oct. 12, 2015

S E C O N D F L O O R P L A N 1/8"=1'-0"

› Northwest Cabin style

› 2,743 square feet

› Large bonus room on upper level

› Expansive southern Paulina views

› Two car garage

› Available at $715,000

ALPINE PLAN

Page 4: Cairn E-Book

THE CAIRN NEIGHBORHOOD

Brian Ladd, Principal Broker

541.408.3912

[email protected]

B E N D , O R • T E T H E R O W. C O M

LOT PRICE PLAN

3 SOLD Mill House

4 $724,000 Mill House

5 $724,000 Mill House

6 SOLD Mill House

19 $819,000 Paulina

20 SOLD Paulina

21 $715,000 Alpine

Inventory and prices as of 3/29/2016.

Prices and availability subject to change. Please contact listing

agent for pricing verification.

PHASE 1

SOLD

SOLD

SOLD

ABOUT TETHEROW

While Bend has consistently been named one of the best places in the country to live, Tetherow could be the best place

to live in Bend. The reasons are myriad. Right out the back door is matchless mountain biking singletrack and endless

recreational opportunities. In 2015, the resort was voted “World’s #1 Resort” by Booking.com. And while it boasts some

of the most magnificent views in the area, it’s only seven minutes from all the shops and restaurants that make Bend a

destination for so many from around the world.

• 18-hole David McLay Kidd Golf Course

• Pool (new in 2016)

• The Tetherow Grill (fine dining)

• The Row (casual, pub-style dining)

• Tetherow Golf Academy

• Junior Golf and Family Activities

• Weddings & Events

• Graceful, Understated Clubhouse

• Panoramic Cascade Range Views

• Borders Deschutes National Forest

• Minutes from Downtown Bend

• 12 Months of Recreation in Central Oregon

Page 5: Cairn E-Book

You bought your vacation home to retreat, rejuvenate and cut loose, and Tetherow Management allows you to focus on the benefits of home ownership as our experienced staff books guests, coordinates visits, manages maintenance and fulfills all mandatory county reporting duties. Housed on site at Tetherow, we have intimate knowledge of the resort amenities and programming. We are commited to managing your home and its care at the highest level. Enjoy your vacation - we’ll take care of the rest!

MAKE IT EASYFor you, the HOMEOWNER, we provide:

Hospitality Experience• The Tetherow Management team can maximize your revenue thanks to their extensive rate management

experience. Days of the week, weather, season, local events and more - these all shape the rental market and we understand the intricacies of this process.

• Our hospitality background allows us to help you maximize your rental revenue through enhancing the guest experience. With you, we will perform a complimentary annual review of your home’s furnishings and technology. This allows us to look for opportunities to improve your ROI and revenue.

• The linen and housekeeping programs are executed by a fine-tuned team of hotel housekeepers. Linens are professionally washed, pressed and maintained. We can even specially prepare your Master Suite upon your arrival with your stored personal items.

Marketing• Your home will be promoted to vacationers with the power of Tetherow’s marketing reach and relationships.

o Fully-funded marketing plan includes national media reach§Marketing relationships with Expedia.com, Booking.com, VisitBend, Central Oregon

Visitors Association, Travel Oregon, Oregon Society of Association Management, Meeting Planners International, Helms Briscoe (a global leader in meetings procurement), International Association of Golf Tour Operators, Far West Ski Association, Local, statewide and regional advertising

o Our full service public relations team works year round to promote Tetherow. Visiting media writers have produced stories on Tetherow that have appeared in the New York Times, Good Morning America, yahoo.com, cbssports.com, Golf Week, Alaska Air Magazine, regional publications and more.

o Digital outreach & partnerships §Tetherow’s database has nearly 20,000 email addresses, expanded exposure on Trip

Advisor, partnerships with Rogue5 Media & OB Sports (databases with over 130,000 combined emails). Tetherow email campaigns have an average 31% open rate, compared to 18% industry average.

o Tetherow.com (over 13,000 visits/mo) Visitors to Tetherow.com predominantly come from the I-5 corridor, including Portland, Seattle, Eugene and northern California. Site fully sells the Tetherow experience which will include pages dedicated to the Tetherow Management rental properties.

o Full-time group sales department that sells corporate business events, golf groups, ski groups, trade shows, family events, weddings and more.

o Repeat visitors. We score 97.2 out of 100 on our guest follow up surveys and nearly all plan to return to Tetherow.

T E T H E R O W M A N A G E M E N T

- continued -

Page 6: Cairn E-Book

o Our awards tell the story§Tetherow is ranked #3 lodging option in Bend based on guest feedback on TripAdvisor.§Ranked “#1 Resort in the World” for Booking.com, based on guest comments.§#54 on Golf Digest “Top 100 Courses” in 2015

Ease• Our cleaning & linen services. We schedule everything and it will be the high level quality your guests expect.

o On site, high quality linen program for bedding and towels.o Damage inspections after every check out.

• Tetherow takes care of all mandatory county reporting. Deschutes County requires it and we’ll file it for you!• Direct access to Tetherow management. Questions or thoughts? We’re available on site seven days a week.

Safety• Security patrol On site security patrols 2-3 times per night. • Damage inspections and inventories at agreed upon intervals. Your home and possessions are of upmost

importance. We inspect after every guest checks out and will perform detailed inventories at set times.• Snow removal for driveway, walkways and patio (various packages available).

MAKE IT SEAMLESSHappy guest = returning guest.

For your guests, we provide the following. These benefits are only available to guests in homes managed by Tetherow Management:

Convenience• 24-hr on site staff to respond to your guests questions. On site maintenance technicians are available seven

days a week during normal business hours. We resolve any issues that arise as quickly as possible.Your guest chooses Tetherow for the all-encompassing experience we provide.

• Our reservation specialists can arrange their entire trip in one call (accommodations, golf, restaurant reservations, adventures outings, special requests, shuttles, child care and more).

• The ability to post charges to one account throughout their stay the resort. Any golf, dining, shuttle, spa or academy charges can easily be billed to their account.

• Tetherow’s cleaning & linen services (various packages available). If they need more towels or pillowcases, or even a mid-week cleaning, we can provide it with the Tetherow standard.

• Direct access to Tetherow management should any questions or issues arise.

Savings• They can experience the Tetherow golf course at the lodging guest rate. We can also secure them golf rounds

at other limited-access golf courses.• Access to Tetherow amenities including the Recreation Center, pool, business center and downtown/Old Mill

District shuttles.• Guests can use Tetherow’s site wide complimentary, password protected wifi. • Discounts on local rental services, including bikes, kayaks, SUP and ski gear.

Safety • Snow removal.• Security patrol. • 24-hour on site staff, 365 days of the year.

V A C A T I O N @ T E T H E R O W . C O M

Page 7: Cairn E-Book

S A M P L EGross Revenue is before management fees, housekeeping, maintenance and other expenses.

Cleaning fees for owner stays not included in this sample.

These samples are for illustrative purposes only, buyer understands there is no operating data to date.

Revenue for any specific property may be higher or lower and is based on a calendar year.

Performance is affected by market conditions, owner use, quality and condition of property, and other factors.

Utility costs are not factored into this sample.

* 3% of gross up to $1,000 annually; Paid quarterly in resort gift cards.

T E T H E R O W M A N A G E M E N T • 1 - 8 7 7 - 3 8 8 - 2 5 8 2 • VA C AT I O N @ T E T H E R O W. C O M

Illustrative Sample Property Type: 4 Bedroom/5 Bathroom

120 nights rented (75% peak/25% non-peak)

100 nights rented (80% peak/20% non-peak)

80 nights rented (100% peak)

Annual Gross Revenue $72,400 $57,000 $48,000

TM Commission (35%) 25,340 19,950 16,800

Annual Spa Maintenance 1,128 1,128 1,128

Annual Linen Replacement 500 500 500

Annual Deep Clean & Inventory 699 699 699

Total Commission & Fees 27,667 22,277 19,127

VIP Owners Reward Rebate* +1,000 +1,000 +1,000

NET REVENUE $45,733 $35,723 $29,872

T E T H E R O W M A N A G E M E N TRevenue and Management Expenses

Page 8: Cairn E-Book