jyoutz,
Lived there for about three years. If you want any decent sized property, traveling will be involved. The area in Bernalillo county was growing big time, especially with the growth of the electronics industry there. As was said before, a lot of growth has been eastwards on the east side of the mountains. Driving can get tricky in the winter, especially when the fronts pile up on the east side of the Sandias and Manzanos. You can also drive south, into Valencia county. Cheaper to live, with more space available. You can also travel north of the Reservation bordering ABQ; there are several nice towns there. Be prepared for sticker-shock, though; ABQ is an expensive town, lots of city, county, state, etc taxes. Also, when I left in '97, there were about six ways across the Rio Grande from the West side to the east, and there were starting to be problems with tempers. I worked at the Sunport and usually to the southern-most route over the river.
One thing I looked forward to was the annual balloon fiest. The first two weeks in October, with the special shapes rodeo running from Wednesday into the last weekend. Go once and you'll see why Kodak is a major sponsor. You'all get to wander around amongst the balloon crews, as long as you keep a proper distance while they are doing their thing. Spectacular seeing 500+ hot air ballons in the air over ABQ during the morning hours.
All in all, I would love to go back to New Mexico to live, as long as it wasn't in ABQ itself. Easiest traveling is north or south of ABQ (and the bordering Indian reservations). East you got the mountains, west a volcanic mesa that takes explosives to do any serious work.
A.