Earthquakes - there are a lot of fault lines in or near Reno, but people don't seem to be that worried about it. Don't know why. Most houses are stick built, not much masonry or brick construction.
Few basements in houses, except for old areas (1940s and earlier) and sloping lots (daylight or walk out basement). Ground is full of rocks and excavation is difficult / expensive, so subdivision developers don't dig basements. Crawlspace foundation is common, some slab on grade, some post / pier.
Casino atmosphere isn't really present in neighborhoods. There are slots or video poker in supermarkets but it's not overwhelming. Mostly just a generic feel to the place.
Property taxes are low, no income tax, but sales tax was just voted for an increase in Washoe County (up to 8.75% I think) for a school funding initiative. Gasoline prices are higher than average - it comes from California refineries.
Best features of the area relate to outdoor recreation access, ease of daily living (available shopping, travel / traffic), and climate.