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Over the past two decades, Pilar Guzmán and Chris Mitchell have developed a quiet side business in the Hamptons. The media-world couple—she a former editor in chief of Condé Nast Traveler and now editorial director of Oprah Daily, he a former publisher of Vanity Fair and The New Yorker—have made a habit of buying older houses, reworking them with a light but deliberate touch, and selling them at the top of the market. Their projects don’t announce themselves as flips, but they tend…
