 In the 1930s, the ranch was acquired by Guy Waggoner, who built the 10,300-square-foot hacienda on the ranch.His two children sold the ranch after his death.In 1947, the ranch went through a significant re-division with the Bell Ranch headquarters, the name, and brand being retained with approximately 130,000 acres (526 km²) near the center of the Montoya grant and five other portions sectioned off.