Discover a Unique Taos Living and Investment Opportunity! Nestled in Ranchos de Taos, just outside town limits, this exceptional property offers a serene lifestyle combined with a positive, steady rental income. You'll be living in a peaceful neighborhood, yet just 4 miles from Taos Plaza, a half-mile from Holy Cross Hospital, and moments from the Weimer Foothills trails. This unique offering includes four total units. The owner-occupied main home features an open living, dining, and kitchen area with clerestory windows and a loft. The cozy kiva fireplace, a two-story chimney before a sunken living area, was crafted by renowned artisan Carmen Velarde and inspired by the iconic Taos Inn. Enjoy abundant natural light and an upstairs loft/studio with a large second-story viewing deck offering breathtaking mountain views, including Taos Mountain, and stretching all the way to Colorado – perfect for watching spectacular sunsets and stargazing. The main home was beautifully remodeled in 2018, with upgraded bathroom, kitchen flooring, and cabinets, and the outdoor area was enhanced in 2023. Beyond the main residence, you'll find an extended owner's suite that has been partitioned as a studio rental, a separate 1-bedroom, 1-bathroom guest house, and a truly special adobe studio/chapel. This studio, a replica of a church chancel, was originally built for artist Fr. William Hart McNichols by master adobe builder Trini Velarde. Constructed with traditional adobes, mud floors, and vigas painted with natural plant dyes, this studio remains cool in summer and remarkably warm in winter. This is more than just a home; it's an incredible investment opportunity to own a piece of Taos's rich artistic and building heritage with established rental income.