Pete sold his 1,200-acre ranch to Jim Krentler of Colorado Springs. Jim expected that he would make money on the land with Colorado hosting the 1976 Winter Olympics which was subsequently vetoed in a statewide voter referendum. Kingsbury Pitcher designed and cut the first run on the mountain, named The Real McCoy. It started on what is now Cresta just above the entrance to the current Tomahawk run and continued down the current Tomahawk run to the bottom of the mountain. The mountain had no lifts, with skiers skinning up the mountain or taking a ride in snow cats. Krentler then worked with Marty and Jack Mankamyer to position the property to sell with the assistance of a planning firm from San Francisco and architect-planner Jared B. Morse who developed a master plan proposal for residential development. The property ran from lower Bachelor Gulch on the east to the current boundary on the west. While walking the property one day, Marty found a white quartz arrowhead after which the property was named Arrowhead at Vail. The arrowhead was likely from the period when the Ute were in the area.