Located just minutes from Trinidad, this farm property features a 4-bed/3-bath home, a spacious guest house ready to produce rental income, river frontage, water shares, an irrigated hay field, a fishable pond & multiple outbuildings. The spacious, southwestern-style home is primarily of adobe construction. The master bedroom, w/ an en suite bathroom & adjoining dressing room, opens directly onto the south patio, overlooking a small orchard. The kitchen & dining room open to a covered east patio, leading into the yard, w/ its rose & lilac bushes. A large living room leads to a 2nd-story balcony, looking out on the fish pond & hay field. The home has a metal roof, and efficient heating/cooling systems. Carpeting & appliances were new as of 2019. Adjacent to the home is a 1-bed/1-bath guest house w/ spacious rooms, including a large kitchen/dining combination. Guest house carpeting was new as of 2019; new kitchen appliances were installed in 2017 & 2019; a new hot water heater was installed in 2021; the living room’s wood stove supplements the guest house’s baseboard system. The property comes w/ water shares for a pipeline association & irrigation ditch company; irrigation water is generally available 24/7 from late April through mid-October. Approximately 1,000 feet of the Purgatoire River runs through the property, carrying rainbow, brown & cutthroat trout. The property also has an approximately 1/4-acre seasonal pond fed by irrigation water from the Purgatoire, naturally stocking the pond w/ trout. The property has multiple outbuildings, including a 3-car detached garage w/ 220 & abundant workshop space; and a spacious, versatile shop building, w/ power, water & a new roof. The property also features a barn, a large chicken coop & 2 additional storage buildings, as well as a backyard greenhouse. There are 4 outdoor hydrants. The property is nearly fully fenced; the river remains unfenced.