The Hyatt Tamaya Resort in Bernallio, NM just north of Albuquerque is very nice. It is often available on Priceline.com. The Hot Air Balloon Fiesta would be south of there, but on the far north end of Albuquerque.
If you mean timeshare resort, as far as I know the closest are those in Santa Fe, about 50 miles north.
Diane