FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M Company COM 88579Y101 715 6722 SH SOLE 6722
ALPS Sector Dividend Dogs COM 00162Q858 493 16487 SH SOLE 16487
AT&T Inc. COM 00206R102 7179 195672 SH SOLE 195672
AbbVie Inc. COM 00287Y109 769 18861 SH SOLE 18861
Abbott Laboratories COM 002824100 1146 32455 SH SOLE 32455
Alcoa, Inc. COM 013817101 281 33015 SH SOLE 33015
Altria Group Inc COM 02209S103 397 11544 SH SOLE 11544
American Capital, Ltd. COM 02503Y103 5070 347389 SH SOLE 347389
American Electric Power COM 025537101 289 5946 SH SOLE 5946
American Express Co. COM 025816109 3057 45309 SH SOLE 45309
American Intl Group COM 026874784 239 6152 SH SOLE 6152
American Realty Ppty COM 02917t104 176 12000 SH SOLE 12000
Amgen Inc. COM 031162100 650 6339 SH SOLE 6339
Anadarko Petroleum COM 032511107 412 4708 SH SOLE 4708
Annaly Capital Mgmt. COM 035710409 1960 123367 SH SOLE 123367
Apache Corporation COM 037411105 202 2620 SH SOLE 2620
Apple Inc. COM 037833100 8652 19545 SH SOLE 19545
Ares Capital Corp COM 04010L103 3435 189787 SH SOLE 189787
BB&T Corp COM 054937107 2216 70583 SH SOLE 70583
Bank of America Corp COM 060505104 4143 340179 SH SOLE 340179
Bank of the James COM 470299108 457 63212 SH SOLE 63212
Becton Dickinson COM 075887109 5222 54617 SH SOLE 54617
Bed Bath & Beyond COM 075896100 697 10815 SH SOLE 10815
Berkshire Hath. Cl B COM 084670702 716 6871 SH SOLE 6871
Berkshire Hathaway =1 sh COM 084670108 313 200 SH SOLE 200
Boeing Company COM 097023105 3273 38120 SH SOLE 38120
Bristol-Myers Squibb COM 110122108 2756 66912 SH SOLE 66912
CVS Caremark Corp. COM 126650100 6862 124787 SH SOLE 124787
Capitalsource Inc. COM 14055X102 139 14490 SH SOLE 14490
Caterpillar Inc COM 149123101 2957 34001 SH SOLE 34001
CenturyLink Inc. COM 156700106 3668 104418 SH SOLE 104418
Check Point Software COM M22465104 615 13080 SH SOLE 13080
Chesapeake Energy Corp COM 165167107 624 30550 SH SOLE 30550
Chevron Corp COM 166764100 3184 26795 SH SOLE 26795
Cirrus Logic Inc. COM 172755100 728 32007 SH SOLE 32007
Cisco Systems Inc. COM 17275R102 2327 111357 SH SOLE 111357
Citigroup, Inc. COM 172967424 933 21097 SH SOLE 21097
Claymore S&P Glbl Water COM 18383Q507 278 11630 SH SOLE 11630
Clorox Company COM 189054109 221 2500 SH SOLE 2500
Coach Inc COM 189754104 682 13641 SH SOLE 13641
Coca-Cola Company COM 191216100 2062 50986 SH SOLE 50986
Cognizant Tech Solutions COM 192446102 3225 42086 SH SOLE 42086
ConocoPhillips COM 20825C104 231 3849 SH SOLE 3849
Copa Holdings, S.A. COM P31076105 906 7574 SH SOLE 7574
Cummins Inc. COM 231021106 893 7712 SH SOLE 7712
DaVita Inc. COM 23918K108 1474 12427 SH SOLE 12427
Darden Restaurants Inc COM 237194105 1407 27216 SH SOLE 27216
Denison Mines Corp COM 248356107 28 20000 SH SOLE 20000
Devon Energy Corp COM 25179M103 877 15536 SH SOLE 15536
Dominion Resources Inc. COM 25746U109 892 15337 SH SOLE 15337
DuPont de Nemours COM 263534109 226 4607 SH SOLE 4607
Duke Energy Corp COM 26441C204 3188 43913 SH SOLE 43913
EMC Corporation COM 268648102 1727 72292 SH SOLE 72292
EQT Corporation COM 26884L109 2173 32078 SH SOLE 32078
Eli Lilly & Co. COM 532457108 294 5169 SH SOLE 5169
Ensco Plc ADS COM G3157S106 1330 22162 SH SOLE 22162
Express Scripts Hldg COM 30219g108 5083 88214 SH SOLE 88214
Exxon Mobil Corp COM 30231G102 8149 90431 SH SOLE 90431
Fauquier Bankshares COM 312059108 144 11984 SH SOLE 11984
FedEx Corp COM 31428X106 203 2072 SH SOLE 2072
First Capital Bancorp COM 319438107 165 51212 SH SOLE 51212
First Community Bancshares, In COM 31983A103 178 11235 SH SOLE 11235
Flowserve Corp COM 34354P105 1193 7115 SH SOLE 7115
Ford Motor Company COM 345370860 952 72373 SH SOLE 72373
General Electric Co COM 369604103 8863 383365 SH SOLE 383365
General Mills Inc. COM 370334104 225 4561 SH SOLE 4561
Glaxo Smithkline ADS COM 37733W105 206 4384 SH SOLE 4384
Google Inc COM 38259P508 495 623 SH SOLE 623
Hess Corporation COM 42809H107 1596 22285 SH SOLE 22285
Home Depot Inc. COM 437076102 773 11080 SH SOLE 11080
Honeywell Intl Inc COM 438516106 296 3924 SH SOLE 3924
Huntington Bkshs COM 446150104 791 107344 SH SOLE 107344
IBM Corp COM 459200101 8474 39728 SH SOLE 39728
Illinois Tool Works COM 452308109 555 9107 SH SOLE 9107
Intel Corporation COM 458140100 4490 205644 SH SOLE 205644
JPMorgan Chase COM 46625H100 4489 94576 SH SOLE 94576
Johnson & Johnson COM 478160104 4320 52984 SH SOLE 52984
Johnson Controls COM 478366107 387 11029 SH SOLE 11029
KB Home COM 48666K109 840 38605 SH SOLE 38605
Kraft Foods Group COM 50076Q106 502 9738 SH SOLE 9738
Kurrant Mobile Catering COM 501294102 0 20000 SH SOLE 20000
Lam Research Corporation COM 512807108 367 8850 SH SOLE 8850
Linn Co. LLC COM 535782106 570 14600 SH SOLE 14600
Lloyds Banking Group plc COM 539439109 195 65000 SH SOLE 65000
Lowes Co., Inc. COM 548661107 2825 74503 SH SOLE 74503
Magnum Hunter Res. COM 55973B102 46 11500 SH SOLE 11500
McDonald's Corp. COM 580135101 4716 47310 SH SOLE 47310
McKesson Corp COM 58155Q103 4689 43429 SH SOLE 43429
Medical Properties Trust COM 58463J304 168 10500 SH SOLE 10500
Merck & Co. Inc. COM 58933Y105 3392 76743 SH SOLE 76743
Microchip Technology Inc COM 595017104 4188 113901 SH SOLE 113901
Microsoft Corp. COM 594918104 3882 135710 SH SOLE 135710
Mirant Corp Escrow - DoNotSell COM 604675991 0 20286 SH SOLE 20286
Mondelez Int'l COM 609207105 1483 48450 SH SOLE 48450
Monsanto Co COM 61166W101 459 4348 SH SOLE 4348
Morgan Stanley COM 617446448 1032 46947 SH SOLE 46947
National Fuel Gas Co. COM 636180101 429 7000 SH SOLE 7000
National Oilwell COM 637071101 200 2829 SH SOLE 2829
National Retail Properties COM 637417106 6914 191147 SH SOLE 191147
NextEra Energy, Inc. COM 65339F101 293 3767 SH SOLE 3767
Norfolk Southern COM 655844108 1041 13503 SH SOLE 13503
Nuance Communications, Inc. COM 67020Y100 380 18820 SH SOLE 18820
Nucor Corporation COM 670346105 3494 75719 SH SOLE 75719
Oracle Corporation COM 68389X105 933 28865 SH SOLE 28865
Paccar Inc. COM 693718108 940 18591 SH SOLE 18591
Peabody Energy Corp COM 704549104 349 16485 SH SOLE 16485
PepsiCo, Inc. COM 713448108 6325 79957 SH SOLE 79957
Pfizer Inc. COM 717081103 3215 111402 SH SOLE 111402
Philip Morris Intl COM 718172109 971 10473 SH SOLE 10473
Pinnacle Bancshares COM 72345E102 145 11148 SH SOLE 11148
Procter & Gamble COM 742718109 6111 79303 SH SOLE 79303
Prospect Capital Corp. COM 74348T102 1354 124107 SH SOLE 124107
Qualcomm Inc. COM 747525103 4337 64789 SH SOLE 64789
Quanta Services Inc. COM 74762E102 1280 44800 SH SOLE 44800
Regions Finc'l Corp COM 7591EP100 94 11534 SH SOLE 11534
SPDR Cons Staples COM 81369Y308 280 7032 SH SOLE 7032
SPDR Cons. Disc. COM 81369Y407 540 10190 SH SOLE 10190
SPDR DJ Mid Cap Grwth ETF COM 78484A821 231 2425 SH SOLE 2425
SPDR Energy Sectr COM 81369Y506 1836 23146 SH SOLE 23146
SPDR Financial Select COM 81369Y605 192 10570 SH SOLE 10570
SPDR Health Care Slct COM 81369Y209 238 5180 SH SOLE 5180
SPDR S&P Dividend ETF COM 78464A763 5110 77431 SH SOLE 77431
SPDR S&P Pharma. COM 78464A722 364 5760 SH SOLE 5760
SanDisk Corporation COM 80004C101 288 5249 SH SOLE 5249
Schlumberger Ltd. COM 806857108 4031 53831 SH SOLE 53831
SeaDrill Ltd COM G7945E105 448 12044 SH SOLE 12044
Sentry Tech Corp. COM 81731K101 0 10000 SH SOLE 10000
Simon Property Group Inc. COM 828806109 220 1385 SH SOLE 1385
Sirius XM Radio Inc. COM 82967N108 77 24853 SH SOLE 24853
Southern Company COM 842587107 916 19527 SH SOLE 19527
Spectra Energy Corp COM 847560109 4492 146094 SH SOLE 146094
Steel Dynamics Inc. COM 858119100 191 12000 SH SOLE 12000
StellarOne Corp COM 85856G100 263 16287 SH SOLE 16287
SunTrust Banks, Inc. COM 867914103 1012 35113 SH SOLE 35113
Thermo Fisher COM 883556102 5372 70237 SH SOLE 70237
Transocean Inc COM H8817H100 286 5495 SH SOLE 5495
Triangle Capital Corp. COM 895848109 1908 68161 SH SOLE 68161
U.S. Bancorp COM 902973304 3254 95902 SH SOLE 95902
UDR, Inc. COM 902653104 995 41140 SH SOLE 41140
United Technologies COM 913017109 3447 36897 SH SOLE 36897
Universal Health Realty COM 91359E105 1923 33326 SH SOLE 33326
Vanguard Dividend App. COM 921908844 3219 48995 SH SOLE 48995
Vanguard Growth ETF COM 922908736 254 3283 SH SOLE 3283
Vanguard REIT ETF COM 922908553 1604 22741 SH SOLE 22741
Verizon Comm. COM 92343V104 9775 198890 SH SOLE 198890
Vodafone Group COM 92857W209 559 19673 SH SOLE 19673
Wal-Mart Stores, Inc. COM 931142103 2793 37326 SH SOLE 37326
Walt Disney Co COM 254687106 1822 32085 SH SOLE 32085
Wells Fargo & Co COM 949746101 1416 38274 SH SOLE 38274
Wisdom Tree Dividend Ex-Financ COM 97717W406 359 5800 SH SOLE 5800
WisdomTree Emerging Mkts Equit COM 97717W315 296 5375 SH SOLE 5375
WisdomTree LargeCap Dividend COM 97717W307 597 10130 SH SOLE 10130
WisdomTree MidCap Earngs COM 97717W570 237 3360 SH SOLE 3360
Xerox Corporation COM 984121103 86 10001 SH SOLE 10001
iShr DJ Select Dividend COM 464287168 455 7172 SH SOLE 7172
iShr FTSE NAREIT Mtg Pls (rem) COM 464288539 1581 101115 SH SOLE 101115
iShr MSCI EAFE COM 464287465 2142 36325 SH SOLE 36325
iShr MSCI Emerg Mkts COM 464287234 3864 90350 SH SOLE 90350
iShr MSCI Pacific Ex Japan COM 464286665 1031 20741 SH SOLE 20741
iShr Russell 2000 Index COM 464287655 4293 45458 SH SOLE 45458
iShr S&P 500 Index COM 464287200 2043 12985 SH SOLE 12985
iShr S&P Latin Amer 40 COM 464287390 367 8409 SH SOLE 8409
iShr S&P Midcap 400 COM 464287507 3071 26689 SH SOLE 26689
iShr Trust S&P 100 COM 464287101 1069 15182 SH SOLE 15182
BB&T Pfd. 5.625% 054937404 3511 137459 SH SOLE 137459
Bank of America Pfd H 060505765 1180 46293 SH SOLE 46293
GE Capital Corp Pfd 369622444 355 13400 SH SOLE 13400
MS Cap III 6 1/4% 617460209 809 32129 SH SOLE 32129
Wells Fargo 8% Non-cum. Perp. 949746879 1217 40670 SH SOLE 40670
iShr S&P US Pfd ETF 464288687 9542 235477 SH SOLE 235477
SPDR Gold Trust 78463V107 6432 41638 SH SOLE 41638
iPath Dow Jones Commodity Inde 06738C778 790 19460 SH SOLE 19460
iShr COMEX Gold Trust 464285105 1008 64980 SH SOLE 64980
Alerian MLP ETF 00162Q866 650 36700 SH SOLE 36700
Credit Suisse MLP Index ETN 22542D852 480 16635 SH SOLE 16635
JPMorgan Alerian MLP ETN 46625H365 9040 198765 SH SOLE 198765
Kinder Morgan Energy Ptnrs LP 494550106 201 2240 SH SOLE 2240
Eaton Vance Multi-Strategy Abs 277923496 117 12872.9610SH SOLE 12872.9610
Goldman Sachs Satellite Strate 38143H332 1080 130478.1690SH SOLE 130478.1690
Invesco Balanced Risk Allocati 00141V697 1682 131091.8180SH SOLE 131091.8180
PIMCO All-Asset All Authority 72200Q182 11043 1010313.2290SH SOLE 1010313.2290
American Century Equity Income 025076100 114 13420.4390SH SOLE 13420.4390
Eaton Vance Atlanta Capital SM 277902656 288 14936.2040SH SOLE 14936.2040
Fidelity Contra Fund 316071109 290 3461.0240SH SOLE 3461.0240
Fmi Large Cap Fund 302933205 552 28991.0580SH SOLE 28991.0580
Franklin Custodian Fd Income C 353496300 77 32940.4540SH SOLE 32940.4540
Schwab S P 500 Index Fund Sel 808509855 858 34945.5680SH SOLE 34945.5680
Schwab Smallcap Index Fundsele 808509848 238 10042.0351SH SOLE 10042.0351
Scout Mid Cap Fund 81063U206 179 11664.7980SH SOLE 11664.7980
Small Cap Growth Admiral Share 921937710 253 7185.7920SH SOLE 7185.7920
Small Cap Value Admiral Shares 921937686 252 7130.7321SH SOLE 7130.7321
USAA Mutual Funds Trst S&P 500 903288884 1825 81609.3320SH SOLE 81609.3320
Vanguard 500 Index Fd Admiral 922908710 2774 19184.7350SH SOLE 19184.7350
Vanguard Developed Markets Adm 921937678 259 8844.7519SH SOLE 8844.7519
Vanguard Emerging Markets Stoc 922042841 319 8907.7581SH SOLE 8907.7581
Vanguard Extended Market Index 922908694 506 9765.0330SH SOLE 9765.0330
Vanguard Global Equity Fund 922038203 272 13438.6680SH SOLE 13438.6680
Vanguard Growth Index Admiral 922908660 214 5353.0670SH SOLE 5353.0670
Vanguard Index Trust 500 Index 922908108 290 2007.0270SH SOLE 2007.0270
Vanguard Lifestrategy Growth F 921909503 601 24142.3710SH SOLE 24142.3710
Vanguard Lifestrategy Moderate 921909404 1316 60940.6600SH SOLE 60940.6600
Vanguard Mid-Cap Index Admiral 922908645 502 4363.0690SH SOLE 4363.0690
Vanguard Star Fd 921909107 720 32870.2940SH SOLE 32870.2940
Vanguard Target Retirement 203 92202E508 475 31399.4830SH SOLE 31399.4830
Vanguard Tax Managed Cap Appre 921943866 252 3195.4480SH SOLE 3195.4480
Vanguard Value Index Fd Admira 922908678 274 10713.7000SH SOLE 10713.7000
Vanguard Windsor II Admiral Sh 922018304 303 5264.9430SH SOLE 5264.9430
Virtus AlphaSector Prem Fd. 92828R230 2042 139387.4250SH SOLE 139387.4250
Nasdaq OMX Group CVT BD to Com 631103AA6 15 15000 PRN SOLE 15000