Once upon a time, “ranch living” conjured up images of barnlike structures in a dusty, remote locale.

Fast-forward to now, where a spectacular 20,000-square-foot home sited in Ranch Colony Estates dispels all preconceived notions of what a home on the range should be.

On the drive that leads to movie producer Peter Guber’s mountain get-away, the aspen leaves jingle like gold coins in the breeze. It’s a special effect that furthers the notion that in Aspen, money grows on trees. It better, because local real estate firm Coates, Reid, Waldron just sold Guber’s Mandalay Ranch—all 65 stunning acres—to a local philanthropic family for $46 million.