Hot Springs, Arkansas has enjoyed popularity as a spa resort, but its low cost of living also makes it of particular interest for retirees, according to geographer Warren Bland. The Arkansas town is No. 1 on Bland’s list of the top 10 value towns for retirees in 2007. With its beautiful lake scenery, friendly atmosphere and small-town amenities, it’s no wonder Hot Springs, Arkansas is listed as one of the top places to live. Jeff and Paulia Kennedy understand this well. That’s why as one of …