N.M. Stat. § 45-2-406
Modification of exemptions.
With respect to the estate of a decedent, the allowances granted pursuant to
Sections 45-2-402 and 45-2-403 NMSA 1978 are in lieu of the exemptions provided in
Sections 42-10-1, 42-10-2, 42-10-9 and 42-10-10 NMSA 1978.