N.M. Stat. § 66-7-329
Vehicles turning left at intersection.
The driver of a vehicle within an intersection intending to turn to the left shall yield
the right-of-way to any vehicle approaching from the opposite direction which is within
the intersection or so close thereto as to constitute an immediate hazard, but said
driver, having so yielded and having given a signal when and as required by the Motor
Vehicle Code [66-1-1 NMSA 1978], may make such left turn and the drivers of all other
vehicles approaching the intersection from said opposite direction shall yield the right-
of-way to the vehicle making the left turn.