N.M. Stat. § 45-3-706
Duty of personal representative; inventory and
appraisement.
A. Within three months after his appointment, a personal representative, who is not
a special administrator or a successor to another representative who has previously
discharged this duty, shall prepare an inventory of property owned by the decedent at
the time of his death, listing it with reasonable detail and indicating as to each listed item
its estimated value as of the date of the decedent's death and the type and amount of
any encumbrance that may exist with reference to any item.
B. The personal representative shall send a copy of the inventory to interested
persons who request it. He may also file the original of the inventory with the
appropriate court.