N.M. Stat. § 70-4-7
Limitation of action to enforce.
No lien provided for in this act shall bind any property subject thereto for a longer
period than one year after the date on which the same is filed, unless proceedings be
commenced in the district court within that time to enforce the same, or, if a credit be
given, then one year after the expiration of such credit, but no such lien shall continue in
force for a longer time than two years from the time the lien is filed by any agreement to
give credit unless action to enforce the same shall have been commenced within that
time.