Authentic New Mexico character meets exceptional versatility on 5.68 acres in Peralta. Originally built as an adobe home in 1975 and extensively renovated and expanded in 2007, this 3,000 sq. ft. residence showcases the craftsmanship and architectural details that make Southwestern homes so distinctive--vigas, latilla ceilings, brick floors, hand-scraped hickory flooring, wood windows and a large kiva fireplace.At the heart of the home, the kitchen features custom cabinetry, a six-burner Wolf range and porcelain farmhouse sink. Generous living and gathering spaces open to expansive covered front and back porches, extending everyday living outdoors beneath the property's mature trees.The spacious primary suite offers a private retreat, while two additional bedrooms include one with an en-suite bath.Beyond the residence, this property truly sets itself apart. Pre-1907 water rights, a new domestic and livestock wells support established pasture and lavender fields. Equestrian improvements include a five-stall barn with runs, a mare and foal paddock, approx 255' x 95' riding arena, plus ample space for trailer parking and maneuvering. More than 750 established lavender plants, representing five different varieties and maintained with drip irrigation, offer both beauty and income potential. Multiple additional buildings provide substantial garage, workshop, storage, studio and gathering space--including a converted adobe barn with character all its own.A pond, treehouse deck, mature tree-lined drive and numerous outdoor gathering spaces add another layer to a property designed for horses, hobbies, agriculture, entertaining and simply enjoying room to live. A new TPO roof (2025) adds to the extensive improvements, while 42 solar panels support the entire property plus any future events or business endeavors. Owner Financing Now Available.