Rainbow Canyon in Rio Rancho, NM

Rainbow Canyon is a single-builder subdivision in Rio Rancho, where Southern Boulevard meets Rainbow Boulevard. Centex planned it as a smart-home community of one- and two-story houses and is still building here. Rainbow Park sits nearby on Southern Boulevard, a 14.7-acre city park holding a swimming pool, a skate park, a dog park, volleyball and basketball courts, and the observatory that the Rio Rancho Astronomical Society opens to the public each month. A homeowners association run by an outside management firm looks after common areas and road maintenance. Rio Rancho City Center and UNM Sandoval Regional Medical Center are both a short drive away.

The Rainbow Homeowners Association governs the subdivision and is administered by NM HOA Management, which operates as Associated Asset Management. Governing documents and account business sit behind a member login on the association's site.

Centex builds one- and two-story plans here and equips them as smart homes. Everyday shopping and dining are close, and Albuquerque is a short drive out.