Steve.

As it is almost all our publicity is carried out in Las Vegas. Our publicity director, Brad Smith, lives across the country but that has made zero difference. No CCA President ever lived in Vegas while in office to my knowledge, and as Ed alluded to, concentrating every effort in one location is probably detrimental.
It is important to note the Club is run by a Board of Directors, not the President. I do believe it is important that at least one BoD member resides in Las Vegas, yes, but not that it has to be the President.

Regarding Ed's questions:
I worked in the financial sector for 22 years, qualifying as a CA in 1988, and culminating in a Management Consultancy position (head of department) with KPMG before leaving for personal reasons and going on to work for myself. I have operated/held directorships at multiple businesses since that time and have negotiated too many contracts to count during that time (including writing them).
In as much as I work for myself, from home, I have no time constraints that affect my ability to do the job. In fact I'd say I'm more available than most club volunteers that don't work.