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If you don't mind getting your hands dirty and can do your own maintenance I would recommend a large frame garden tractor from Simplicity or Allis Chalmers. A 7116, 7117 or 7119 Simplicity w/ a 48" deck would work just fine. AC equivalents are AC916, AC917 and AC919. Sometimes you'll see an "H" behind the model number. That denotes they are hydrostatic. Attachments are available and parts can still be had through a dealer. These machines can be had for under a grand very easily. Take in mind that they are all at least 20 years old and can be finicky, though. www.simpletractors.com is a good source of info for these machines.
Whatever you decide I would recommend a garden tractor versus a lawn tractor or even a ZTR. You're going to find that you'll want to do more than cut grass. With that much property and the horse barn, I'm guessing you'll probably end up wanting something w/ a front end loader (FEL).
Thanks Steve! I will seriously consider it. I am needing to stay under $1,000 if possible. I think a front-end loader would eventually be handy.
Dustin, congratulations on the beautiful ranch! I know your little boy and soon to be born baby girl, will love growing up there.
Hey TB, thanks man!