Lofts have a better cost ratio.

Most (not all obviously) loft condos in Phoenix, Tempe and Scottsdale have reduced monthly expenses as compared to single family homes. The insurance, heating and cooling, lack of landscaping, pool, etc... makes for a reduced monthly expenses. Of course some of the luxury properties have high HOA's to address all the amenities but overall loft condos are a great way to keep your monthly expenses in check.