Located in the heart of the historic Northern New Mexico mountain village of Vallecitos, this property offers rural living at its best. Bordered by the Vallecitos River and traversed by the charming Borracho Creek, the land boasts fishing rights, cottonwoods, evergreens, and lush pasture. There are irrigation rights, though the pasture requires little attention. This is the perfect spot for outdoor living and it is a horse lover's paradise, with endless wilderness to explore. The main residence, two bedrooms, and two baths, is traditional double adobe construction, lovingly restored and updated, with sculpted walls, territorial trim. hand hewn beams, and portals. The home is heated by two woodstoves and electric baseboard units. The one-bedroom guest house sits at some distance with a separate driveway, overlooking the pasture and river. This structure offers outdoor space, a rock fireplace and nice finishes. New septic systems are in place, wiring and plumbing is new. Come and make those last few detail complete and you will have a rare gem.