NorthReport | Issue 02 | First Quarter 2022

26 NORTH R E P O R T F I R S T QUA R T E R 2 0 2 2 | I S S U E 0 2

Dear North Report Readers,

While summer in South Florida is definitely the high season for yachting and watersports, winter brings its own pleasures for maritime enthusiasts. Right now, many of our clients are enjoying cool breezes across the stern as they dine al fresco and look forward to the next major event to cruise through town. Things are looking great from our perch, too. The yacht market continues to see strong activity, dominated primarily by both new and pre-owned sales in the American market. Yacht sales have been riding a wave of record low interest rates, strong stock market returns and booming home values. Similar to housing, there are currently more buyers looking for late model, pre-owned yachts and new build opportunities than the market can support, which is driving up the value of existing vessels. And many premier shipyards are operating at capacity, with build times extending beyond three years due to availability. These market realities are pushing more buyers to seek out late model, well-maintained yachts for sale, which has certainly been good for our business. In fact, 26 North Yachts enjoyed a record year of growth in 2021, but we’re cautiously optimistic about 2022, bearing in mind how cyclical our industry can be. The current lack of late model inventory actually stretches back to the recession of 2008, when new yacht construction came to a screeching halt. That is one of the many reasons it’s so difficult to find pre-owned yachts built between 2008 and 2015. As yacht production increases over the next few years, the current seller’s market is expected to wane, so right now is a great time for owners of well-maintained, late model yachts of good pedigree to consider selling. If this is something you’re interested in, please reach out to our team for a fair market appraisal and to explore your options.

NICHOLAS SCHERB & MIKE CARLSON Co-Founders of 26 North Yachts

And as always, thank you for reading and enjoy our new issue of North Report Magazine.

Mike Carlson & Nicholas Scherb Co-Founders | 26 North Yachts

2525 Marina Bay Drive West, Suite 203A, Fort Lauderdale, Florida 33312 +1.954.900.9988 | 26northyachts.com /26northyachts @26northyachts.com

A L E T T E R F R O M T H E F O U N D E R S

THEMOTORYACHT AUTHORITY With a seasoned team of experts, proven marketing strategies, and deep experience closing deals on the world’s finest yachts, 26 North Yachts knows how to position your yacht to attract the best possible sale price and terms. We combine maximum exposure with strong negotiating power and total transparency to quickly source qualified buyers from around the world who are willing to pay top dollar for your yacht.

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CONTENTS

01 A LETTER FROMTHE CEO

NEW& NOTEWORTHY

07 THE FUTURE IS SMOOTH, GREEN, AND LIGHTWEIGHT

AQ&AWITH BILL POWERS THE BENEFITS OF DONATINGAYACHT

PRO-‘FILES’: PADI AWARE FOUNDATION

UNDERSTANDING THE COSTS OFYACHT OWNERSHIP

LUXE LIVING

LIVINGTHE DREAM ENJOYSMOOTHSAILINGINYOUR SEARCHFORWATERFRONTPROPERTY

MOTORMADNESS DESCENDSONMIAMI

T A B L E O F C O N T E N T S

READY, AIM, TRAVEL FIVEWORLD-CLASS RESORTS FOR SHOOTING ENTHUSIASTS

EMERGING JEWELRY DESIGNERS OF 2022

DESTINATIONS

DESTINATION NEWENGLAND

45 TOP 10 CUBAN CIGARS THAT SHOULD BE IN YOUR HUMIDOR

DESTINATION CUBA

CURATED LISTINGS

T A B L E O F C O N T E N T S

100 CARATS PURE LUXURY of

exclusi vel y at Provident Jewel r y

WEST PALM 561.833.7755

NAPLES 239.649.7200

JUPITER 561.747.4449

FORT MYERS 239.274.7777

PALM BEACH 561.833.0550

WELLINGTON 561.798.0777

P ROV I D E NTJ EWE L RY. COM

100.08 carat diamond, Cushion Cut, D color, VS1 Clarity. *Shown at actual size

NEW& NOTEWORTHY

26N

THEFUTURE ISSMOOTH, GREEN,ANDLIGHTWEIGHT CRAFTED BY EMMANUEL AJIBOYE

T H E F U T U R E I S S M O O T H , G R E E N , A N D L I G H T W E I G H T

N E W & N O T E WO R T H Y

Yachting trends have been pretty interesting to keep up with over the years, with innovations in everything from space and comfort to sleeker designs, advanced technology, and improved safety. However, while yachting has never looked so good, onboard innovations have yet to reach their peak. Instead, it seems like we are still in the early stages. At the intersection of the needs of boaters and the genius of builders lie insights into the future of yachting. SMOOTHER YACHTING Spilled wine and guests slinging their lunch over the side of your yacht are not what anyone wants to see. Fortunately, several recent trends have improved yacht stabilization. From fins and gyroscopic stabilizers to interceptors, there are several new ways to keep your journey stable and smooth. Interesting strides are also being made to make stabilization equipment more efficient than ever. For example, VEEM recently unveiled their new VG1000 SD – the world’s largest gyro stabilizer designed specifically for superyachts. Interestingly, the yachting industry is also seeing a growing trend in gyro refits, because if there’s something better than one gyro stabilizer, it’s two! In addition, we see a new range of much more efficient interceptors being designed for vessels up to 300 feet, operating in the 20 to 60-knot range. For example, the Humphree HLS active interceptor series, created for megayachts, is said to be 25% more efficient than trim tabs. Moving forward, we are likely to see more yachts with a combination of several stabilization systems. Total Ride Control from Naiad Dynamics is a custom stabilization package that incorporates various cutting-edge technologies such as fins, canards, T-foils, interceptors, trim tabs, spanning foils, air cushions, and Dynamic Hull Vanes. Naiad combines these systems in novel and effective ways depending on the vessel’s requirements.

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The 350-foot Black Pearl can sail across the Atlantic without burning any fossil fuel.

In a world increasingly concerned with reducing its carbon footprint and saving natural resources, green yachting continues to be a growing trend. For many years, builders have tinkered with yachts to make them run on alternatives to diesel, and some of this research is yielding promising results; and as demand increases, we’ll see more breakthrough innovations in sustainable yachting. YACHTS POWERED BY ALTERNATIVE POWER SOURCES Several boatbuilders, such as Greenline Yachts, are already offering hybrid yachts, while others are making advancements in solar technologies. In 2019, the Serenity 74 launched with about 1,200 square feet of solar panels to support the yacht’s power functions while cruising. Serenity achieved this by building the rest of the yacht around its solar array instead of making it an afterthought.

Apart from solar technology, we also see yacht builders like Alva turn to electric propulsion systems as the sole source of power. Oceanco has also explored hybrids; their 350-foot DynaRig yacht, Black Pearl, can sail across the Atlantic without burning any fossil fuel. Alternative energy company, Energy Observer Developments, is also developing hydrogen fueling stations that float in the corner of a marina and generate hydrogen from seawater. We’re also seeing innovations in power management, storage, and monitoring, with new battery banks and intelligent monitoring systems expected from builders in 2022 and beyond.

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LIGHTWEIGHT BUILDING MATERIALS

Sturdy wooden boats and thick fiberglass hulls may have been the hallmark of great yachts, but that era is slowly coming to an end. In their place, we now see lightweight building materials such as carbon fiber, Corecell, Divinycell, and 3D printing technology. These materials increase hydrodynamics and make yachts lighter and faster. Fortunately, while these materials are lighter, they are as strong as – or stronger than – traditional boat-building materials.

As technology advances, new materials are being tested and more builders are beginning to combine the old and the new. For example, we’ll soon see more innovations like resin infusion, foam-core stringers and bulkheads, and traditional processes used to make composites, like carbon-fiber-infused hulls.

The Serenity 74 catamaran features about 1,200 square feet of solar panels.

ENDLESS POSSIBILITIES ON THE HORIZON

It certainly looks like smoother, more sustainable, and lightweight yachting will start to catch on in 2022, but what else does the future hold for yachting?

Marine architects and engineers predict that 3D-printed yachts will arrive by 2050, while other designers foresee yachts that will be able to shapeshift – luxurious and conspicuous one day, and practically invisible the next. Multihull yachts could also be the norm in little more than a decade.

Wherever the future of yachting takes us, we can be confident that there are endless possibilities in store.

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WITH BILL POWERS THE BENEFITS OF DONATING AYACHT Q&A

CRAFTED BY CHRISTIAN CIPRIANI

The Adventurer, an 86’ Burger Yacht, donated in 2021 with the help of Bill Powers at 26 North Yachts.

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While most conversations about the yacht market are dominated by talk of buying and selling, there is a third option: donating. At first glance, this may not sound attractive to someone who’s spent quite a bit of money on their dream vessel, but as Bill Powers of 26 North Yachts explains, donating your yacht provides dual benefits: a charity gets a valuable fundraising asset, while you get a lucrative tax break and the chance to help a worthy cause.

BELIEVE IT OR NOT, GIVING IT AWAY CAN BE YOUR BEST OPTION

FIRST, WHAT KIND OF NONPROFITS ACCEPT BOAT DONATIONS? “Charities with many different causes accept boats. Most of them are here in South Florida and are focused on causes like marine preservation and children’s needs. The key is to find a charity with the infrastructure to properly handle boat donations, because it’s an intricately structured process. Some charities will just give you a tax write-off for a boat’s present market value, but I steer donors towards charities that are set up to hold title for a lease-to-own period of three years. During this time, they must make ‘significant capital improvements’ of about 5-10% of the boat’s value in order to comply with IRS regulations. This allows the donor to write-off the full amount of their appraised value.” WHAT TYPES OF BOATS WILL NONPROFITS ACCEPT? “Every vessel can be a great candidate for donation; however, the ideal donor yacht is something unique that an owner has put money into but is having a hard time selling. In this case, its appraised write-off value after improvements can end up being a lot higher than what the vessel would fetch in today’s market.” WHAT DOES THE BOAT DONATION PROCESS LOOK LIKE? “The first step is to hire an accredited surveyor to appraise the boat. Then, the owner should connect with someone like me to help them identify charities with a history of successful donations and that have processes in place to handle a boat donation. The last thing you want is to get involved with a disreputable organization. Once we select a charity and all parties agree that the boat is a fit, the charity can execute the paperwork within a week. And then that’s it: no more insurance, dock fees, crew salaries or other carrying costs. It’s fast and simple, which is why many owners like this option.”

WHAT ARE THE BENEFITS FOR THE DONOR? “The main benefit is the tax write-off, but it’s also a stress-free process. It can take months or even years to sell a yacht, and the owner must pay carrying costs that whole time. Donating a boat can be executed on a specific timeline. For example, I had a client who wanted to donate a yacht by the end of the year but had charters booked through Thanksgiving. It wasn’t an issue, though. After the charter trips, we completed the donation process in about a week. In addition, boats donated to a charity are not subject to a pre-purchase survey, which typically leads to a second round of negotiations in a standard deal.” CAN YOU BUY A BOAT FROM A NON-PROFIT? “Yes, that’s the other side of the equation. Charities that accept a donated boat and make capital improvements are looking to lease because they need that revenue for their mission. Typical yacht leases from a charity are one-third down, one-third paid in installments and then a final one-third balloon payment, and when you lease from a charity, the buyer essentially gets zero-percent financing. And because the IRS requires the charity to make significant improvements, you get a vessel with fresh investments. The last advantage is that you’re not buying from an owner, so it’s not an emotional transaction. The charity wants to dispose of the asset quickly for a fair price. This translates to an easier negotiation both up front and after survey.”

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NORTH REPORT PRO-‘FILES’: PADI AWARE FOUNDATION

CRAFTED BY CHRISTINE SMITH

PADI AWARE’s diver education programs have created ocean advocates worldwide.

With a network of 6,600 dive centers and over 128,000 professional members, PADI (Professional Association of Diving Instructors) has leveraged its global reach to create the PADI AWARE Foundation – a nonprofit aimed at restoring and protecting our world below the water.

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Kristin Valette Wirth has been a member of PADI since 1995 and is now the Chief Brand Membership Officer for PADI Worldwide. She’s seen PADI’s immense impact on ocean conservation firsthand. We recently talked to Kristin about PADI’s blueprint for ocean action and why it is critical for everyone to get involved and create change. For over 30 years the PADI AWARE Foundation has driven local action for global ocean conservation. Seeing the damaging impact marine debris is causing, PADI engages and activates the diving community to become change-makers. Kristin believes a love for the ocean creates lifelong marine advocates and proudly shares that PADI has issued more than 29 million certifications across 183 countries to date. Through their diver education programs, they’ve created ocean advocates worldwide. Their collective mission is built upon three foundational pillars that make their ambitious shared blueprint for ocean action a reality.

Divers collecting marine debris for analysis.

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90,000 TORCHBEARERS REPRESENT THE LARGESTUNDERWATER CITIZEN SCIENCE DATABASE

These underwater citizens have removed and/or reported the largest amount of marine debris on the planet.

OCEAN CONSERVATION Together, PADI and PADI AWARE Foundation strive to reduce marine debris by collecting data gathered from 118 countries. They’ve been able to identify global marine debris hotspots, but the work doesn’t end there. They’re able to uncover root causes and see whether waste management policies are adequate, as their divers collect data in real-time. Their ocean conservation efforts also include accelerating coral recovery and protecting endangered species.

PEOPLE AND HUMANITY Another joint focus is educating and engaging local communities to create global change. The PADI Torchbearer program ignites ocean-lovers to come together to participate in localized campaigns, including debris collection. There are currently more than 90,000 divers and Torchbearers, which Kristin says “represents the largest underwater citizen science database.” These underwater citizens have removed and/or reported the largest amount of marine debris on the planet, showing the organization’s unique ability to collect and collate seafloor debris through the diving community.

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INDUSTRY SUSTAINABILITY Another key goal is to reduce and offset the diving industry’s carbon footprint. Kristin says they’re working to achieve carbon neutrality through “supply chain and mobilizing Torchbearers to restore and protect delicate habitats like seagrass and coral.” Collaborating with partners to reform policies globally, PADI AWARE Foundation has helped multiply MPAs (Marine Protected Areas) and expand dive site programs that safeguard critical habitats, with a goal of protecting 30% of the ocean by 2030. Among their many accomplishments is the transformation of Vanuatu through localized action. In response to prolific marine debris, Vanuatu-based PADI dive centers presented their ‘Dive Against Debris’ data, which documented its damaging impact on local waters. Based on this data, the Vanuatu government implemented policies to ban non-biodegradable bags, which has reduced the country’s carbon footprint, built a local micro-economy, and provided reliable income to villages. Vanuatu is one of Kristin’s favorite examples of the butterfly effect that can occur, and “living proof of how local action can have far-reaching and major global impacts.”

LOOKING AHEAD TO THE FUTURE This organic blend of business and conservation is why PADI AWARE Foundation’s mission has been an immense success. Regardless of whether you’re an avid diver or just a lover of the ocean, Kristen believes it will take all of us coming together to act locally to make a global impact on the health of our blue planet. To get involved in saving our oceans, visit PADI.com to learn more about their programs and join the community of Torchbearers.

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UNDERSTANDINGTHECOST OFYACHTOWNERSHIP

CRAFTED BY SAAIM SHAIKH

Modern superyachts are a luxury with the latest in entertainment, travel, propulsion, and technology. Some come with standard features and fixtures, but most of them are customized to the owner’s preferences. The true cost of owning a superyacht depends on many factors. Here’s what you should know before you jump into the deep end.

THE REAL COST OF OWNING A SUPERYACHT Superyachts are yachts with an overall length (LOA) of 78 feet or more. There are two main costs to consider. Initially, there’s the purchase price of the yacht, which includes the cost, title, and registration. This is followed by the price of maintaining the yacht. Many brokers say to plan on annual costs equal to 10% of the yacht’s purchase price, but this is true only in a small number of cases. In reality, annual

maintenance costs can range anywhere from 5-30% of a yacht’s purchase price.

Factors such as the usage, brand, type of propulsion, and vessel age can swing your costs either way for seemingly similar yachts. Buyers should evaluate the different operating costs beforehand to avoid unpleasant surprises later on.

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TYPES OF OPERATING COSTS Operating costs refer to the day-to-day expenses of maintaining a yacht to a reasonable standard. There is some flexibility in these costs, but caution must be exercised when reducing them, as it can affect the yacht’s performance in the long term. Typically, a yacht’s operating costs fall into five major categories.

OPERATING COST 1: DOCKAGE FEES Storage is an important consideration when you own a superyacht. Factors such as the location, season, and facilities provided by a marina affect your final harbor fees. Usually, they are expressed on a dollars-per-foot basis for the LOA of a vessel. An average superyacht sails for about seven weeks a year, in which case the owner can opt for long-term dockage, which is considerably cheaper than transient rates. OPERATING COST 2: FUEL COSTS The age, location, usage, and type of propulsion (engine, sail, or hybrid) will determine a vessel’s fuel expenses. Smaller yachts can bunker about 1,300 gallons at a time, while larger superyachts can bunker over 100,000 gallons. At the current price of $3.60/ gallon for MGO, it costs a minimum of $4,700 to fill the tank. You can, however, reduce these costs by refueling further away from popular marinas and cruising at recommended speeds.

OPERATING COST 3: CREW SALARIES A superyacht experience is best enjoyed when you have a competent crew that delivers value, but that value rarely comes at a low cost. A typical captain will garner wages between $1,000-$1,700 per foot per year based on experience and licenses held. Besides a captain, an owner should also expect to pay the salaries of other crew members, which vary by vessel but can include deck officers, engineers, stewards, and chefs. The size and use of the vessel will determine how many crew members are required, with charter yachts typically requiring more crew members. Most owners also offer their crew benefits like health insurance and some even offer 401(k) plans. It’s not uncommon for crew compensation to exceed 50% of a yacht’s annual operating cost.

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OPERATING COST 4: MAINTENANCE AND REPAIR Just like any other substantial investment, a superyacht must be maintained to safeguard its value and ensure dependable operation. This not only grants one peace of mind but also secures the safety of everyone on board. Frequent yacht usage requires regular preventive maintenance to keep the vessel in the best shape. A proper maintenance schedule saves tens of thousands of dollars over a yacht’s lifetime. A well-maintained yacht will also fetch a higher price should you decide to resell.

OPERATING COST 5: VESSEL INSURANCE Insuring your superyacht is financial protection against unforeseen circumstances, such as bad weather, fire, theft, crew injury, and so on. These incidents would otherwise cost you an exorbitant amount. Premiums for superyacht insurance vary by cruising location, size, brand, record, age, crew number, toys on board, and whether the vessel will be chartered. A 78-foot superyacht in Fort Lauderdale for private use, for example, will cost about $11,000 in annual premiums.

THE TAKEAWAY Navigating the intricacies of yacht ownership can be a challenge for many buyers. One way to make this task simpler is to hire a yacht management company to handle tasks such as cleaning, painting, manning, maintenance, repairs, insurance, yard scheduling, and more. This liberates the buyer to enjoy the actual yachting experience.

Superyachts are synonymous with glamor and luxury, but owning one requires an ongoing investment. However, if you’re prepared for the real costs of ownership, it’s one of the greatest pleasures money can buy.

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LUXE LIVING

26N

When it comes to waterfront property for you and your yacht, there’s a lot to consider.

LIVING THE DREAM ENJOY SMOOTH SAILING INYOUR SEARCHFORWATERFRONTPROPERTY

CRAFTED BY SANDRA VALIGOSKY

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Picturesque views, whispering waves, and sugary beaches: owning waterfront property sounds like a boater’s dream. A dream where you can slip out of your home on land and directly board your home on the water, with the freedom to cruise to local shops and restaurants or sail off to the solitude of private islands and endless blue waters. But before this opulent fantasy can become a reality, there are a few key things that boat owners should consider when looking to invest in waterfront property. LOCATION, LOCATION, LOCATION When it comes to buying on the water, narrowing down a location is the most critical decision. If you’re looking to buy in the warmer south, Florida offers a variety of environments from the Atlantic to the Gulf of Mexico. For example, Fort Lauderdale – often called the Venice of America – offers easy access to the Intracoastal Waterway, beautiful beaches, the New River, and canal boating all in one place. Another benefit of this charming South Florida location is its proximity to an abundance of marine professionals who can help you update and maintain your vessel. Over on Florida’s west coast is Naples – an idyllic location with plenty of islands and an upscale lifestyle. It’s also the last stop on your way south to the Keys and the Caribbean. If the tropical heat isn’t for you, the St. Lawrence River is a jewel of the north. It flows from the Atlantic to the Great Lakes and offers the potential for whale watching and easy access to destination cities like Quebec City, Montreal, and Toronto. The bonus of owning property here is that extreme weather is less of an issue, so you won’t have to deal with the expense and hassle of hurricane-proofing your property.

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DOCK, MARINA, OR OFFSHORE MOORING Waterfront property buyers must also consider whether they want to be on the vast ocean, a meandering river, or a labyrinth of canals. Each offers unique benefits, but wherever you choose, it’s important to keep in mind the type and depth of the water your boat needs and what kinds of storage amenities you would like for your yacht. Are you hoping to keep your boat on a private dock, moored offshore, or at a marina? Many yacht owners prefer to keep their vessels at a full-service marina, where maintenance is always available. Utilizing a marina allows more flexibility when shopping for properties, as you won’t have to consider at-home storage, but if the water at a prospective property is deep enough for a private dock or offshore mooring, you’ll need to think about ease of access for crew and guests. Will they simply walk down to the dock or is your boat only accessible by dingy? Additionally, you will have to consider if the waterways that lead to your property are deep enough and if any fixed bridges are high enough to allow passage.

LEAVE IT TO THE PROFESSIONALS The best way to ensure that your waterfront property search doesn’t become a drawn-out, costly ordeal is to hire a professional. An experienced realtor can provide important knowledge and insights specific to your target area. This is especially vital if you own a yacht over 50 feet. A realtor that specializes in boating-focused properties will be able to show you options with the amenities you need to accommodate your vessel, as well as advise you on local zoning regulations and ordinances. These often vary from town to town and include restrictions on boat size, whether crew can stay on board, and other considerations.

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WHEN DREAMS BECOME REALITY There’s much to consider when it comes to choosing a waterfront property for you and your yacht. But once you identify your needs and wants, decide which docking situation works best, and enlist the help of an experienced waterfront realtor, you can eliminate much of the stress from this process. This leaves more time for you to enjoy your adventure as you move forward with obtaining a beautiful new home. Before you know it, life between land and sea will be well within your grasp.

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MOTOR MADNESS DESCENDS ONMIAMI

F1 lands in South Florida for the inaugural Miami Grand Prix

CRAFTED BY HAL PARTENHEIMER

M O T O R M A D N E S S D E S C E N D S O N M I A M I

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THE RACE The last F1 race to take place in Florida was in 1959 at the legendary Sebring International Raceway. One could ask why it’s taken 72 years since the start of F1 for a world- class event to find its way to the Magic City, but it’s here now, so let’s revel in it. The inaugural Miami Grand Prix is at Hard Rock Stadium, home of the Miami Dolphins, and will be contested around a 3.36-mile track with 19 corners and three high- speed straightaways, where competitors can hit 190 mph. The track has been designed to foster close, tight racing to keep fans and TV-viewers glued to the action. F1 events are massive and widely considered the pinnacle of motorsports. Some four million fans clicked through the turnstiles worldwide last season, while almost half a billion viewers watched from their screens. In terms of a global audience, the F1 season is second only to FIFA’s quadrennial World Cup. What do private jets, superyachts, million- dollar motorhomes, and the most powerful racing machines on the planet have in common? They’re all descending on Miami this May for South Florida’s inaugural event in the highest class of open-wheel motorsports – Formula One (F1).

Nothing beats the thrill of open-wheel racing.

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THESE ENGINES CAN REVTO 15,000 RPMS ANDHIT 60MPH IN JUST 1.7 SECONDS

Miami will host an annual F1 Grand Prix for at least the next decade.

THE CARS F1 “cars” (a euphemism for a rocket bound by gravity, if there ever was one) are ferocious. Powered by one of four engine manufacturers (Ferrari, Mercedes, Ford, and Renault), they can produce close to 1,000 horsepower from 2.4-liter V6 engines turbocharged with hybrid-electric systems. With a cool $50,000 worth of technical wizardry in the steering wheel alone, it’s little surprise that modern F1 cars are worth around $12 million each. These engines can rev to 15,000 RPMs and hit 60 mph in just 1.7 seconds, 100mph in 4 seconds flat, and – most impressively – reach 190 mph in under 10

seconds. Finding a more devilish scream anywhere this side of an F-18 fighter jet would be a challenge.

How does an F1 car stack up against American racing stalwarts? Reaching 230 mph at full throttle, an F1 car will dust the fastest NASCAR model, bowing only to Indy-style cars, which top out at 235 mph. As with all forms of auto racing, tires are a critical component. One element of F1 racing is a reluctant acquiescence to race in foul weather, and with the afternoon squalls Miami starts to get around May, dry/wet tire strategy may well be a factor on race day.

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THE DRIVERS Today’s drivers are physical specimens, and few athletes in any sport are as fit and focused. With good reason; the slightest lapse at 190 mph (the equivalent of traveling a football field in 1 second) in close quarters can be fatal. The 2022 season will feature an exciting mix of youth tempered by racing royalty. After his painful (and controversial) 2021 championship defeat at Abu Dhabi, British powerhouse Lewis Hamilton 1 will be laser-focused on the crown. One more driver’s championship win would push him past the great Michael Schumacher as the winningest driver in F1 history. Meanwhile, defending champion Max Verstappen 2 – who made his F1 debut at the tender age of 17 – will certainly be one to watch, along with Valtteri Bottas 3 , who replaces Kimi Räikkönen at Alfa Romeo, and George Russell 4 , now in Bottas’s old seat at Mercedes. And after several disappointing years in a row, everyone is waiting to see if 2022 brings a reversal of fortunes for Ferrari.

START YOUR ENGINES FromMay 5th to 8th, 2022, racing fans from across the globe will chart their course to South Florida for their first taste of F1 in Miami. Exotic locale, world-class competition, and heart-stopping action poised on the brink of motoring mayhemwill make for a seductive mix that promises to deliver. With its international flair and cosmopolitan appeal, there’s no doubt Miami is up to the task. So, ladies and gentlemen, start your engines. F1 is coming...

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READY, AIM, TRAVEL FIVEWORLD-CLASSRESORTS FOR SHOOTINGENTHUSIASTS

CRAFTED BY LEANNE CAREY

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For some people, the idea of a dream vacation consists of sitting by the pool while sipping endless piña coladas with tiny umbrellas. For others, dream vacations are meant for adventure, excitement, and the sweet smell of gunpowder. For those who prefer the latter, a world of high-end shooting vacations awaits. Clay sport shooting is one of the world’s fastest-growing interests, with five-star destinations across the globe sure to engage and challenge even the most adept marksmen. Whether it’s your first time at the trigger or you’re an experienced shooter, these adventures could easily become family traditions for generations to come.

Explore these five world-class destinations sure to make you want to fire away!

CASADE CAMPO LA ROMANA, DOMINICAN REPUBLIC

It all started here. Welcome to the most exclusive resort destination in the Caribbean, which opened over 50 years ago. This stunning 7,000-acre resort features a unique array of amenities including a marina, equestrian facilities featuring polo, a soccer school, three championship golf courses, and a 245-acre shooting center with over 200 stations for trap, skeet, and more. The 110-foot tower that projects sporting clays is one of the largest in the world. Dine in one of their many restaurants featuring Spanish tapas, classic Italian cuisine, sushi, or other global dishes.

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THE RANCHATROCKCREEK PHILIPSBURG, MONTANA

As the first five-star guest ranch in Forbes Travel Guide, The Ranch at Rock Creek is an all-inclusive resort and 19th- century homestead set on 6,600 acres of Montana’s fabled Big Sky Country. With a maximum occupancy of 75 people in 29 accommodations, each guest is afforded luxurious seclusion. Enjoy ranch-inspired cuisine, learn to fly fish in a Blue Ribbon trout stream, and sharpen your aim at five gun and two archery ranges. Located on beautiful Mallard Pond, the sporting clay course is the most popular target sport at The Ranch. The range features classic “going away” shots and more tricky “running rabbit” stations, as well as 10 throwers and chandelle targets that will challenge even the most experienced enthusiast.

NEKUPE NANDAIME, NICARAGUA

While most of the country remains unpopulated, Nicaragua is a perfect destination for adventure enthusiasts to explore rainforests and primitive terrain. Nekupe, nestled along the Pacific countryside, is setting the bar high for Central American luxury travel. Relax in one of their villa accommodations or rent the entire property. Each guest has access to their own ATV to explore the 1,300-acre resort and navigate their target clay shooting courses designed by renowned sport shooter John Higgins. After a day of pulling triggers, enjoy all-inclusive activities such as tennis, mountain biking, horseback riding, yoga, and farming, hit the spa, or dine at one of their many farm-to-table restaurants.

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ASHFORDCASTLE GALWAY, IRELAND

Ireland’s first and only Forbes five-star hotel, Ashford Castle is a beautiful 800-year-old property converted into a luxury hotel in 1939. It boasts a 32-seat theater, billiards room, cigar terrace, six restaurants, an award-winning spa, and 83 beautifully restored guestrooms. Ashford is the oldest castle hotel in Ireland and includes a vast array of outdoor activities, including falconry. Its shooting school has been around since the Browne and Guinness families were involved in the World Record “Woodcock” shots of the early 1900s. The school offers an excellent sporting clays layout and an experienced instructor team that caters to all skill levels. For those who love competition, they have an in-house, 50-target sporting competition called the “Ardilaun Challenge”, which is highly contested every year.

GLENEAGLES PERTH, SCOTLAND Gleneagles is a luxury hotel, spa, and shooting

destination in the heart of the Scottish countryside. They offer gun dog training, a falconry school, and the world- renowned Gleneagles Shooting School. An excursion outdoors at Gleneagles isn’t complete without stalking deer at Perthshire Estates or fishing for salmon in the world-famous River Tay. After a day of smelling gunfire, pour yourself a glass of Gleneagles whiskey, made by the neighboring Glenturret Distillery exclusively for guests of the hotel.

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EMERGING JEWELRY DESIGNERSOF2022

CRAFTED BY MARIA FERNANDEZ

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Whether you’re addicted to chunky gold chains or multicolored gems, this upcoming year, emerging jewelry designers will not disappoint. Designers like Bea Bongiasca, Annika Inez, and Katerina Marmagioli are creating groundbreaking designs, incorporating innovative approaches to traditional materials, and reshaping paradigms. Whether they’re pursuing a new dream or expressing their culture through jewelry, there is a story behind each of their collections.

COMPLETEDWORKS Jewelry designer Anna Jewsbury founded Completedworks in 2013. Her designs embrace the simplicity of minimalism and nature, evident in signature pieces like “Scrunch”. Made from a sheet of gold vermeil, this beautiful gold-plated cuff mimics the fabric folds of a cotton scrunchie. It exemplifies the essence of her design style – sculptural forms that weave, loop, twist, flow, enfold and expand. Crafted from recycled material such as gold, ceramics, and natural pearls, her designs embrace the beauty and complexity of everyday life.

BEABONGIASCA If you like bright, bold colors, you’ll love Bea Bongiasca. She’s an Italian-born jewelry designer, and her deep passion for pop culture, contemporary art, and design is evident in her work. Her pieces feature crystals set in enamel and often include a mix of classic gold with bright, vivid colors not commonly found on high-end jewelry. Her “You’re So Vine” collection plays with the concept of climbing plants in a pun that is apt to the designer’s playful approach to jewelry and her unique sense of irony.

ANNIKA INEZ Based in New York City, Annika Inez’s designs express personality, invoke emotions, and create memories. She brings a soft yet classic sensibility to beautiful, chunky silver and gold pieces. Her jewelry is reminiscent of old Hollywood glam but with a soft, simple elegance inspired by her Scandinavian roots. Each collection is versatile and unique. About 90% of the rawmaterials Annika uses are vintage, and the designer creates a new theme given her stock of elements every season.

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LIMNIA Annette Lasala Spillane created LIMNIA with the idea that life is yours for the making. The pieces she creates are designed to last, change, and move with you – from the everyday commute, to life-changing experience. A necklace can become two anklets, a pendant can become an earring, and earrings can become bases for more statement pieces. Annette’s work redefines the traditional limits of what timeless, heirloom-worthy jewelry can look like and how it can be worn.

KATERINA MARMAGIOLI

Katerina Marmagioli’s jewelry is all about creating singular pieces that do not conform to stereotypes. Her design concepts are one-of-a-kind, hand-picked, crafted and curated to be what they are: a daily manifestation of character, confidence, and inner power. With unconventional design, asymmetric forms, versatile pearl necklaces, and rare materials no one would think fit on a bracelet, her all-gender jewelry features unique forms tied together to create statement pieces that bring out the otherworldly beauty in the unusual.

A NEW ERA IN JEWELRY DESIGN These emerging designers are bringing innovation, creativity, and a sense of wonder by surpassing the bar and redefining our concepts of art and jewelry design. Art that is sure to bring a higher level of sophistication and enjoyment to the eye, with its extraordinary aesthetics and beauty.

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DESTINATIONS

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DESTINATION NEWENGLAND CRAFTED BY CHRISTIAN CIPRIANI

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New England has long been a summer destination for America’s gilded class, and even today, the region is still best explored by motor yacht. A yacht charter is a perfect way to discover New England’s rugged coastline – a nautical playground filled with charming towns steeped in history. From the coastal mansions of Newport, Rhode Island, to the quintessential East Coast ambiance of Martha’s Vineyard and Nantucket – two of the country’s most stylish island retreats – the whole of New England is home to spectacular architecture, picturesque views, and the very roots of North American yachting. Discover quaint port towns, sandy beaches, romantic islands, unique shops, galleries, and fine restaurants that exude understated elegance. And at every stop along the way, experience New England’s deep love of yachting, sailing, and fishing firsthand. NEWPORT Newport has long been the gateway to New England – especially for yachtsmen. Wealth and power have gravitated to this seaside town for well over a century, making it a hub for high society. Visit the summer homes of America’s marquis industrialists, spend an afternoon strolling the world-famous Cliff Walk, and enjoy the natural beauty of the Newport shoreline as it meets the architectural history of Newport’s gilded age. End your stroll at one of the city’s beloved waterfront bars and enjoy a drink at sunset.

New England is the home of American yachting.

Discover picturesque shores by yacht.

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MARTHA’S VINEYARD Set a compass for the exclusive summer destination of Martha’s Vineyard, known for its beaches, boardwalk, and charming enclaves. Bike the paths along its wild coastline or step ashore at Edgartown for a clambake – a true island tradition. You can also browse the shops, explore sensational real estate, and try the freshest fish you’ll ever taste. PROVINCETOWN Located at the northernmost point on Cape Cod, Provincetown is edged with beaches that disappear into the sea. Discover the outer cape by bicycle, or explore the rich offerings of this scenic and welcoming fishing village and artistic community. Provincetown and its surrounding areas offer plenty of opportunities to explore vast stretches of sand dunes, forests, beaches, and more. WHAT’S ONOUR ITINERARY? 26 North Yachts offers an 7-day charter through New England. Here’s a taste of what’s in store. For more details, visit 26NorthYachts.com and choose “Charter.”

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NEWPORT The journey begins in Newport, a historic yachting town that has something for almost everyone, from cliff-side walks to historic mansions.

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MARTHA’S VINEYARD

Enjoy two days on Martha’s Vineyard, home to stunning beaches, gingerbread houses, and endless amounts of New England charm.

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NANTUCKET Martha’s sister island boasts class, culture, and undeniable style. Nantucket is known for the cedar-clad homes that line its cobblestone streets.

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PROVINCETOWN On day 5 we head to the eclectic, artsy, and ever-so-trendy city of Provincetown, a charming waterfront village with plenty to see – and taste!

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PLYMOUTH On our last full day at sea, we’ll cruise across Cape Cod Bay to the historic city of Plymouth, where the pilgrims made landfall in 1620.

PLYMOUTH Plymouth is home to cranberry farms, beautiful nature walks, and more, and it’s where you’ll find Plymouth Rock. This landmark is where the Mayflower came ashore 400 years ago, bringing with it English pilgrims who helped shape the nation we know today. Plymouth boasts exceptional whale watching, dining, shopping, and cultural activities in a quaint New England setting, much of it nestled along the shore. BOSTON With hundreds of attractions, Boston is an ideal stop on any yachting trip through New England. Boston Harbor alone boasts 40 miles of continuous waterfront, perfect for strolling, jogging, and cycling. Revered for its food, sports, culture, and history, Boston is home to the USS Constitution Museum, the New England Aquarium, wonderful boutiques, and authentic bakeries.

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BOSTON Our journey ends in the great city of Boston, home to major landmarks from American history, sensational food, and great whale-watching.

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DESTINATION CUBA CRAFTED BY CHRISTIAN CIPRIANI

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A private yacht charter to Cuba is an extraordinary way to step back in time. Aesthetically, this tiny island nation just 90 miles south of Key West has remained largely unchanged for about seven decades. Even today, its streets are still lined with 1950s Chevys and Ché Guevara posters, and until recently, American tourists were prohibited from exploring this charming, one-of-a-kind destination. However, today you can board a 26 North Yachts charter to Cuba and discover a hidden world of extraordinary art, authentic food, stunning colonial architecture and of course, exquisite beaches. From Old Havana to offshore cruising, this not-to-be-missed charter experience will captivate even the most seasoned world travelers. VISIT MARINA HEMINGWAY Voyage to Cuba in a world-class motor yacht and spend a night or two at Havana’s premier marina, named for American author and former Cuban resident, Ernest Hemingway. Spend a leisurely afternoon wandering among the sailboats, laid-back cafés, and unique shops, or dive into some watersports. RELAX ON LA PLAYA If stunning beaches are your thing, head south of the mainland to one of Cuba’s idyllic islands. Cayo Largo has 17 miles of white-sand beaches, mangrove forests, and black coral reefs perfect for diving and snorkeling. You can also grab a Jeep and explore the islet’s roads and pathways, or trot along its coral sand beaches on horseback.

Cuba has remained largely unchanged for seven decades.

Discover the relaxed pace of island life.

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EXPLORE CUBAN HERITAGE Cuba is home to several UNESCO World Heritage sites that you can see in one trip, from the historic center of Camaguey to Old Havana itself. Discover colonial Spanish forts, castle ruins, and architecture dating back to the 18th century, or explore perfectly preserved cities with stunning views of the coast. GO BELOW THE SURFACE Jardines de la Reina Marine Park, one of the world’s best marine preserves, has more species of fish, sharks, turtles, and birds than practically anywhere on earth. Dive into this underwater paradise, which has 40 meters of visibility, and discover a world of brightly- hued sponges, large coral formations, and colorful exotic fish.

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OLDHAVANA Explore beautiful Old Havana and its four main plazas – Plaza San Francisco de Asis, Plaza de la Catedral, Plaza de Armas, and Plaza Vieja.

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BAHÍADE CABAÑAS

We then head to the ultra-charming fishing village of Bahia De Cabanas to enjoy a real taste of Cuban life.

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CAYO LEVISA Our midpoint is Cayo Levisa a small cay off the northern coast with white- sand beaches and crystal clear waters popular with yachters.

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WHAT’S ONOUR ITINERARY? 26 North Yachts offers a 7-day charter to Cuba. For more details, visit 26NorthYachts.com and select “Charter.”

VIÑALES Now we travel inland to Viñales, a town known for gardens, museums, caves, and above all, its picturesque mountains and valleys.

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CAYO JUTIAS For our final full day, we head to Cayo Jutias on the western end of the island to explore Cuba’s most pristine and remote beach.

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BACKTOHAVANA Gaze at the beautiful homes along the coast as we arrive at port, then finish out the trip with some shopping in Central Havana.

CONNECT WITH THE PEOPLE Cuba is America’s next-door neighbor, but after decades of political tension, the people of both nations remain relative strangers to one another. Our charter experience offers you the chance to connect with Cubans in their own environment, share a meal and enjoy some meaningful cultural exchange.

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CUBAN CIGARS THAT SHOULD BE INYOURHUMIDOR CRAFTED BY KATIE HOLLAMBY 10 TOP

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