Carl,
Nice sequence of photos -- it is #1-18 in order for those who are wondering what hole they are looking at, although that might not be easy to follow.
I was down in Argentina a month ago and was impressed by the Jockey Club -- 36 holes of MacKenzie (I believe the only place that has 36 of his, with the exception of Ohio State, where they were built posthumously -- and I don't like to give the Buckeyes any credit, especially this week of the year
-- GO BLUE!!!!) -- particularly the green complexes which, as others have said, have lots of good shot values to and around them. Alas, the fairways are quite flat like the coast of most of Argentina. Drainage swales serve to move water off the holes and the property drains fairly well. But the contouring in fairways would have been much better had MacKenzie been on-site for that portion of the work, with more tilted stances and better surface drainage -- think of the Old Course which has subtle movements in many places and constantly moving ground.
Everyone talks about the Colorada (Red) course, but I found a lot to like on the Azul (Blue) course too, with a bit more movement on the ground due to its location near the low point on the property and the fact that most of the water from the Red has to go through the Blue or pipe that does the job.
Jockey is an amazing club -- horse racing, polo, the downtown club, 36 by MacKenzie, tennis, pools, and something like 7000-8000 members! It is a huge place and very cool.
As to the rich-poor concept, I don't know enough about S. America to know the answer, but golf has lots of opportunity there, especially with the Rio Olympics and golf in 2016.
Best,
Mike