N.M. Stat. § 37-1-7
[Accrual of cause of actions for fraud or mistake, injuries or
conversion of property.]
In actions for relief, on the ground of fraud or mistake, and in actions for injuries to,
or conversion of property, the cause of action shall not be deemed to have accrued until
the fraud, mistake, injury or conversion complained of, shall have been discovered by
the party aggrieved.