The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co. COM 88579y101 635 4,530 SH   SOLE   4,530 0 0
American Express COM 025816109 1,508 16,618 SH   SOLE   16,618 0 0
Ameriprise Financial Inc. COM 03076c106 426 3,702 SH   SOLE   3,702 0 0
Aon Corporation COM g0408v102 2,593 30,905 SH   SOLE   30,905 0 0
Apple Computer COM 037833100 3,923 6,993 SH   SOLE   6,993 0 0
Archer Daniels Midland COM 039483102 258 5,950 SH   SOLE   5,950 0 0
Assurant Inc. COM 04621x108 3,458 52,109 SH   SOLE   52,109 0 0
Autozone Inc COM 053332102 2,724 5,700 SH   SOLE   5,700 0 0
BP PLC-Spons. ADR COM 055622104 2,569 52,848 SH   SOLE   52,848 0 0
Baxter Intl Inc COM 071813109 242 3,479 SH   SOLE   3,479 0 0
Berkshire Hathaway Cl. A. (100 COM 084990175 356 200 SH   SOLE   200 0 0
Berkshire Hathaway Inc.Cl.B COM 084670207 5,965 50,308 SH   SOLE   50,308 0 0
C.H. Robinson Worldwide Inc. COM 12541w209 3,034 52,005 SH   SOLE   52,005 0 0
Chevron Corp. COM 166764100 3,224 25,812 SH   SOLE   25,812 0 0
Cisco Systems Inc. COM 17275r102 3,292 146,787 SH   SOLE   146,787 0 0
Coach Inc. COM 189754104 4,798 85,480 SH   SOLE   85,480 0 0
Comcast Corp Spl Cl A COM 20030n200 4,716 94,555 SH   SOLE   94,555 0 0
DuPont deNemours COM 263534109 2,929 45,085 SH   SOLE   45,085 0 0
Duke Energy Corp. COM 26441c204 3,618 52,433 SH   SOLE   52,433 0 0
EMC Corporation COM 268648102 2,701 107,388 SH   SOLE   107,388 0 0
Edison International COM 281020107 2,736 59,083 SH   SOLE   59,083 0 0
Energy Select Sector SPDR COM 81369y506 208 2,349 SH   SOLE   2,349 0 0
Exxon Mobil Corporation COM 30231g102 914 9,033 SH   SOLE   9,033 0 0
First Mariner Bancorp Inc. COM 320795107 4 10,200 SH   SOLE   10,200 0 0
General Mills COM 370334104 2,298 46,036 SH   SOLE   46,036 0 0
Home Depot COM 437076102 271 3,294 SH   SOLE   3,294 0 0
International Business Machine COM 459200101 398 2,123 SH   SOLE   2,123 0 0
Johnson & Johnson COM 478160104 4,604 50,271 SH   SOLE   50,271 0 0
Lockheed Martin Corporation COM 539830109 5,040 33,902 SH   SOLE   33,902 0 0
Loews Corporation COM 540424108 4,800 99,495 SH   SOLE   99,495 0 0
Markel Corp COM 570535104 4,524 7,795 SH   SOLE   7,795 0 0
Medtronic, Inc. COM 585055106 3,751 65,362 SH   SOLE   65,362 0 0
Merck & Co. COM 58933y105 2,724 54,417 SH   SOLE   54,417 0 0
Metlife Inc COM 59156r108 2,728 50,601 SH   SOLE   50,601 0 0
Microsoft Corporation COM 594918104 4,913 131,340 SH   SOLE   131,340 0 0
Nestle SA ADR COM 641069406 4,290 58,302 SH   SOLE   58,302 0 0
NextEra Energy COM 65339F101 2,494 29,125 SH   SOLE   29,125 0 0
Noble Corp PLC COM g65431101 2,750 73,391 SH   SOLE   73,391 0 0
Novartis AG-ADR COM 66987v109 4,607 57,321 SH   SOLE   57,321 0 0
Pfizer Corp COM 717081103 3,300 107,731 SH   SOLE   107,731 0 0
Powershares QQQ Nasdaq 100 COM 73935a104 250 2,840 SH   SOLE   2,840 0 0
Procter & Gamble COM 742718109 4,385 53,860 SH   SOLE   53,860 0 0
Qualcomm Inc COM 747525103 5,227 70,395 SH   SOLE   70,395 0 0
Republic Services Inc COM 760759100 3,207 96,610 SH   SOLE   96,610 0 0
Royal Dutch Shell PLC-ADR A COM 780259206 216 3,031 SH   SOLE   3,031 0 0
Schlumberger Ltd COM 806857108 2,825 31,350 SH   SOLE   31,350 0 0
Siemens AG ADR COM 826197501 2,592 18,715 SH   SOLE   18,715 0 0
Target Corporation COM 87612e106 3,198 50,539 SH   SOLE   50,539 0 0
Techne Corporation COM 878377100 1,664 17,575 SH   SOLE   17,575 0 0
Teva Pharmaceutical SP-ADR COM 881624209 4,482 111,819 SH   SOLE   111,819 0 0
The Mosaic Company COM 61945c103 2,706 57,252 SH   SOLE   57,252 0 0
Time Warner Cable COM 88732j207 6,138 45,302 SH   SOLE   45,302 0 0
Total SA-Spon ADR COM 89151e109 4,223 68,930 SH   SOLE   68,930 0 0
Vanguard Total Stock Market COM 922908769 3,045 31,745 SH   SOLE   31,745 0 0
Verizon Communications COM 92343v104 261 5,321 SH   SOLE   5,321 0 0
WisdomTree Total Dividend Fund COM 97717w109 258 3,845 SH   SOLE   3,845 0 0
Xcel Energy Inc. COM 98389b100 1,791 64,085 SH   SOLE   64,085 0 0
iShares DJ Select Dividend COM 464287168 526 7,375 SH   SOLE   7,375 0 0
Vanguard FTSE All-World Ex U INTL EQ 922042775 2,214 43,645 SH   SOLE   43,645 0 0
Bank of America 7.25% PFD 060505682 430 405 SH   SOLE   405 0 0
Goldman Sachs Group Inc 3 Mo L PFD 38144g804 1,729 94,025 SH   SOLE   94,025 0 0
JP Morgan Chase 5.5% PFD 48126e750 1,289 62,650 SH   SOLE   62,650 0 0
MetLife Inc. 3 Mo LIBOR + 100b PFD 59156r504 815 38,725 SH   SOLE   38,725 0 0
Metlife Inc. 6.5% PFD 59156r603 1,461 58,675 SH   SOLE   58,675 0 0
PNC Financial Services 6.125% PFD 693475857 2,119 83,914 SH   SOLE   83,914 0 0
TCF Financial 7.5% Pfd PFD 872277207 689 27,950 SH   SOLE   27,950 0 0
Telephone & Data Systems 6.625 PFD 879433852 1,276 55,800 SH   SOLE   55,800 0 0
US Bancorp 3 Mo LIBOR + 60bp PFD 902973155 3,429 176,410 SH   SOLE   176,410 0 0
Wells Fargo 5.85% 09/15/2023 PFD 949746556 2,613 110,850 SH   SOLE   110,850 0 0
Wells Fargo Co 7.5% PFD 949746804 255 230 SH   SOLE   230 0 0
CBRE Clarion Global Real Estat RE 12504g100 2,081 262,731 SH   SOLE   262,731 0 0
SPDR DJ Wilshire Int'l Real Es RE 78463x863 1,706 41,400 SH   SOLE   41,400 0 0
iShares Cohen & Steers Realty RE 464287564 1,080 14,459 SH   SOLE   14,459 0 0