St. Michaels, Arizona is a small, rural village that has both advantages and disadvantages when it comes to purchasing real estate. Here are a few possible factors to consider:

Advantages:
- Affordable: St. Michaels is a relatively affordable area to purchase property compared to larger cities, and this may make it a good option for those who are looking for a lower cost of living.
- Peaceful and quiet: This small village may appeal to those who are looking for a quieter, more peaceful lifestyle.
- Scenic: St. Michaels is located near natural landmarks like the Painted Desert and Petrified Forest National Park, which may make it an attractive location for those who enjoy the outdoors.

Disadvantages:
- Limited job opportunities: Like many small, rural areas, St. Michaels may have limited job opportunities, which may be a disadvantage for those who need to work.
- Remote location: St. Michaels is located in a somewhat remote area of Arizona, which may make it difficult to access certain amenities or healthcare facilities.
- Extreme weather: Arizona can experience extreme temperatures, and St. Michaels is no exception. Summers can be very hot, while winters can be quite cold, which may not be ideal for everyone.

It's important to thoroughly research any potential real estate purchase and consider your personal circumstances and priorities before making a decision. You may also want to consult with a local real estate agent to gain a better understanding of the St. Michaels market and any additional factors to take into account.