N.M. Stat. § 46-4-3
Instruments to be recorded.
The instruments creating such express trusts shall be executed in such a manner as
to be admitted to probate, if a will, and to recordation in the office of the county clerk in
which the trust property is located if a declaration of trust, but they shall be of no effect
or force until approved and accepted and endorsed to that effect by the beneficiary and
either admitted to probate or filed of record by the clerk of the county where the trust
property is located.