I think it goes without saying that in 5 years every part of Scottsdale will be up in value. My value pick right now in Scottsdale is along the McDowell Corridor. More specifically 68th St East to Hayden. I think you could go South about a mile of McDowell, and up towards Thomas. The prices in these neighborhoods have remained relatively static and they are mostly older, more neglected homes. The city has set a 5 year plan to revitalize this area, moving the car dealerships to the Indian Communities, and possibly bringing in a 9,000 seat arena. Getting the city of Phoenix to give us the Butte along McDowell will give us another landmark to reference and a possible boutique hotel would go at the base of this. 138M of private commercial money has been earmarked for this area, bringing in hope that this infusion in attention and cash will bring values in adjacent neighborhoods up. Can't go wrong in Scottsdale, if you are investing for long term growth, I believe this is your best bet. Here is a recent blog with video of a property we where looking at around Scottsdale Road and McDowell.