For those who like to be at the heart of the action, urban Arizona homes are ideal. Each of Arizona's towns offers fantastic annual festivals, with everything from native art exhibitions to ostrich racing, plus there are great dining, concerts and social events all year round.

It pays to invest in condo living. Condominiums are a fast growing segment of the real estate market and everyone wants one. Buy a condo in a complex under development and you'll get a return on your investment as soon as the complex is finished.