Avid equestrians can now hone their skills at Salvador Fabregas's Molino de la Umbria, in the idyllic Spanish province of Segovia. An investment banker and former manager of Spain's Olympic equestrian team, Fabregas bought the 18th-century water mill and the surrounding twenty-five acres as a second home in 1973 and opened it to the public in 2004. He and his Italian wife, Augusta, transformed part of the house and an adjacent cottage into three guest rooms and furnished them with antiques and wrought-iron beds. Augusta acts as the chef, making salads with vegetables from her garden. Every morning each guestmostly intermediate or expert in skill levelmounts one of the small stable's horses, some of them purebred Andalusians, and joins Salvador for a one-on-one lesson. After lunch, everyone heads out as a group for canters in the hills or for walks through medieval towns. From $410 per person for two nights. 011-34-921-509-840; molinodelaumbria.com.













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