Located two hours’ drive south of Managua, Mukul is the brainchild of Don Carlos Pellas, a fifth-generation Nicaraguan. A Stanford University graduate, he presides over an empire that includes transportation and health care, as well as sugar cane and rum. Apparently, mukul is the Mayan word for “secret.” On arrival, I was driven down a winding road backed by the shining ocean. From time to time, I espied the verdant fairways of the Guacalito de la Isla golf course, laid out by noted architect David McLay Kidd. The 12 beach villas come with terraces, palapa roofs, private pools, and outdoor showers. Their interiors feature glass walls, nine-foot ceilings, teak furniture and squash court-size baths.