Mexican town revamps image, lures second-home buyers

Part 1: Manzanillo gains status as popular winter getaway

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(This is Part 1 of a two-part series. See Part 2.) MANZANILLO, Colima, Mexico -- The airport has been remodeled, the downtown refurbished, the roads improved and new equipment has just arrived to clean the beaches. While this waterfront community has been under the second-home radar screen compared to the more popular Mexican Pacific Coast destinations of Los Cabos, Ixtapa, Puerto Vallarta and Mazatlan, it clearly is on the move. While you can still buy a $115,000, three-bedroom, two-bath condominium two blocks away from the same beach where Bo Derek made her debut in the movie "10," the big boys have arrived and have begun rolling out more expensive alternatives. Tim Blixseth, the Roseburg, Ore., native who turned the Yellowstone Club, a private ski community in Big Sky, Mont., and Porcupine Creek, a 240-acre private golf club near Palm Springs, Calif., into fractional vacation spots for the wealthy, has added a prime piece of property 31 miles north of the Manzanillo International ...