I'll also point out that Las Vegas is a great place to live. Low cost of living. Plenty of entertainment. 24/7 businesses. Plenty of parking. The city is flat, easy to develope but we are ringed by beautiful mountains. The weather is moderate, just a couple of blazing hot Summer and yes, it's a DRY heat.
Las Vegas is recovering in a healthy way. The losers moved away after the housing bust. The technology people are moving in. I went to a First Friday event recently and I was stunned by how the population has changed. So many "normal" people, nicely dressed, having fun. The changes are unbelievable to an old-timer like me.
There is no more of this lawn stuff. Almost everyone has gone to desert landscaping. I expect that once water doubles in price, there will be plenty. We don't grow crops so unlike CA, we don't really NEED water.
Now, obviously, I want all this to work out. And I think it will. Now, the CA crop issue is a lot more scary. Food is very important.