Thats a sound idea. It was actually an option we considered. Move to a place with a low cost of living, then travel a lot with the money saved. But for me, I would like a home that I feel I'm on vacation all the time in.. and then travel a reasonable amount of time to other places.
scottsdale is a resort town.
-tons of fitness/gyms
-amazing social life (hot chics, events, restaurants, resorts)
-golf and guns (if those fancy you)
-low crime, very clean, nice people
-close to vegas, SD, LA, and orange county (leave in the AM and be there lunch)
-close drive to sedona, skiing, snowboarding, hunting
-smoking chics
-not a city full of nut jobs with agendas, or over priced public universities
-fairly low cost of living (and if you are a true get bigger - there is ferrari dealership next to the Rolls Royce dealer) so you can ball out if you want to and not feel awkward
-tons of parks,
nice 2 bedroom casita/patio home, community pool with cheap taxes and travel when you want too.... amen