Alto is north of Ruidoso and offers a community where golf is important. Homes here tend to be on the high end, but today you can find homes a prices lower then we have seen in years, but membership in Alto is not cheap. Talks of purchasing a second course is going to add value, if it happens.
It would be hard to say if golf communities are a better buy then non golf. I think it would depend on if you play golf. If a golf membership is something you would not use, I feel it would be an added expense that non golf would not have.
I hope this is a help.
Best wishes, Ms Annie