"IT is better to look good than to feel good," the Argentine actor Fernando Lamas once remarked. He could have been talking about Buenos Aires after its 2002 peso crisis. The financial meltdown emasculated the Argentine economy, but it also made Buenos Aires, the expensive cosmopolitan capital, an attractive and suddenly affordable destination. Now largely recovered from “La Crisis,” the city is being energized by an influx of tourists, expatriates and returning Argentine émigrés, and its glamorous night life and conspicuous consumption have reached a fever pitch. While inflation is now reappearing, Buenos Aires, at least for the moment, not only looks good but feels that way too.
Friday
2 p.m.
1) UNDERGROUND CITY
For a fascinating peek into Buenos Aires's history, start at El Zanjón de Granados (Defensa 755; 54-11-4361-3002), a 175-year-old mansion that leads to a series of underground tunnels that go back to the city's early settlements. (The city was founded in 1536.) Now a museum, El Zanjón offers intriguing one-hour tours (20 pesos, or about $6.30 at 3.16 pesos to the dollar) through a cross section of the city's archaeological layers.
4 p.m.
2) ICE CREAM AND ART
Explore present-day Buenos Aires in the cobblestoned district of San Telmo. While best known for its weekend antiques market, the neighborhood now has plenty of cool shops and restaurants. The ice cream parlor Nonna Bianca (Estados Unidos 407; 54-11-4362-0604) balances rustic Patagonian décor with adventurous flavors like kumquats in whiskey (small cone: 3 pesos). San Telmo is also home to a growing gallery scene including the swank Wussman Gallery (Venezuela 574; 54-11-4343-4707; www.wussmann.com) and Appetite (Chacabuco 551; 54-9-11-6112-9975; www.appetite.com.ar), which specializes in punk-rock-style art.
9:30 p.m
3) LITTLE ITALY, ARGENTINA
More than a third of Argentina's population is of Italian descent, and Guido's Bar (República de la India 2843; 54-11-4802-2391) fulfills all the Little Italy tropes, from “Volare” on the stereo to the New York City skyline on the ceiling. But the crowd is Argentine and the food is varied and tasty. There is no menu and after one question — “Red or white?” — the waiters bring a seemingly random assortment of plates, like a cold appetizer of spinach and red bell peppers in a paprika mayonnaise sauce, followed by Spanish tortillas, stuffed eggplants, penne in red sauce and pignoli nuts. How the waiter figures your bill (45 to 60 pesos a person) remains a mystery.
11:45 p.m.
4) PLAY IT AGAIN, CARLOS
The spirit of Carlos Gardel, the godfather of Argentine tango, lives on in the Almagro neighborhood, where Bar 12 de Octubre (Bulnes 331; 54-11-4862-0415; www.barderoberto.com.ar) offers weekly music shows. Started in the mid-90s when the famed tangoist Roberto Medina stopped in to play a few songs, the shows run Tuesday to Friday nights between 11 p.m. and 3 a.m. Arrive early to get a good spot, before the crowds of tattooed 20- and 30-somethings jam the tiny, grungy space.
Saturday
11 a.m.
5) CAFE CULTURE
With its prime location and literary clientele that included Jorge Luis Borges, Café Tortoni (Avenida de Mayo 825; 54-11-4342-4328; www.cafetortoni.com.ar) is the most famous of the cafes from Buenos Aires's belle époque. But more magnificent is Las Violetas (Avenida Rivadavia 3899; 54-11-4958-7387; www.lasvioletas.com), a 123-year-old French-style cafe. After closing briefly in the late 1990s, Las Violetas's interior, including its gorgeous stained glass, has been restored. The white-jacketed waiters serve the classic breakfast of café con leche with three croissants (5.40 pesos), but the shocker of the menu is the María Cala tea service, an eye-popping pile of cakes, scones, finger sandwiches and pan dulce pastries (29 pesos for three people).
1 p.m.
6) DON'T CRY FOR HER
To most visitors, the Recoleta Cemetery in the upscale Recoleta district (intersection of Junín and Guido) is known as the place where Eva Perón's body is buried. But the graveyard is also the final home of several presidents, scientists and other influential Argentines. Urban Explorer (54-11-4813-0385; www.urbex.com.ar) offers a history-filled recorded tour through the Art Nouveau, Art Deco and Modernist-style mausoleums ($20 for 90 minutes). Highlights include the tomb of Luis Ángel Firpo, an Argentine heavyweight who once knocked Jack Dempsey out of the ring.
3 p.m.
7) THE LAND OF POLO
To marvel at Argentina's longtime obsession with horses, head to the Hipódromo Argentino de Palermo (Avenida del Libertador 4101; 54-11-4778-2800; www.palermo.com.ar; entrance fee 5 pesos). Opened in 1876, the elegant racetrack has a French neo-Classical grandstand, the Confitería París restaurant and a basement casino. For up-close action, sit at the wooden tables that dot the flowery lawn. There are 10 race days a month.
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