mike,
Yes..I guess by saying "real" I am putting it in a general classification of good to great golf vs other. But I was not meaning to make a point or opinion as I feel most on the site like or appreciate the course and I did not want to bring up much in that regard on this thread.
Since you asked...it is one of the few courses in that market area that "really" can inspire thought, provide a sporting challenge, exhibits many interesting design features in application and on top of that - especially for that market - was not created to add premium to adjacent housing. That all adds up to me as "real golf" which is fun and interesting. Not only eye candy. Plus when you live in PHX eventually you realize most of the courses over service you and a simple show up, pay your fee, hit some warm ups and then play scenario is all you really want. Albeit by default, that is what you get at AS.
The place - from a business standpoint - could have been a great 'get away" from the lower desert of the Phoenix area or even Tucson. If the overall package was better put together with a quality lodging facility, combined with gambling it would have been doing much better. There would have been a bunch of mens clubs using it for their weekend events and other similar users. It is a great place to go to during overseeding season and again as it is starting to get hot down in the valley. Unfortunately at elevation 3250 it is just not quite high enough to keep cool enough in July/August ans still gets really cold in the winter. That has a lot to do with the struggles they have had through the years too with turf.
In the end, even with how good the golf course is, the experience provided just doesn't carry the business.