Terry, together with his father Russ and brother Dan, bought a ranch outside Waco, Tex., and started breeding Quarter Horses for the commercial market. The Texas Ranch was sold. Terry and his dad moved their horses to property they owned in Murrieta, Calif. It became the nucleus of Lovacres Ranch, which now encompasses over 500 acres. Instead of Quarter Horses, however, the property is now home to three Thoroughbred stallions and several dozen mares and foals.