My friend Michael Hawley started doing Real Estate in Salida, Colorado a little while ago. If you don't know, Salida is located at the exit (Salida means exit in Spanish) of a high mountain plain in Colorado that includes Buena Vista, Poncha Springs, and several other cities. It's the "banana belt" of Colorado meaning that temperatures in Salida remain pretty moderate all winter long. There's still skiing at Monarch - one of the few low price, low pressure, high quality ski mountains left in Colorado and snow-shoeing and other activities aplenty all winter. But you can also ride your mountain bike on a nice winter day.
Mike is a really great guy and I definitely recommend him for any Salida real estate needs. And really, if you're looking for mountain living in Colorado it's hard to think of a better location than Salida.