I sold my old Specialized Stumpjumper 2 years ago but I'm in the same boat as you, looking to buy soon. I'm getting back into mountain biking and will be doing more Xterra races and offroad duathlons going forward. I just did an Xterra in Waco, TX as a relay, where I swam and ran and my buddy did the bike. My buddy is a Cat 1 mountain bike racer so I naturally peppered him with questions for two days about bike selection. Around central Texas we don't have a lot of fire road-type riding, its alot of windy single track and a lot of super technical limestone ledges, roots and creek bottoms. I also looked around at the bikes of the mid to upper level caliber racers at the Xterra. Here are my take-aways, based on all that plus my own prior experience mountain biking.
1. I'm not going back to aluminum or alloys again. Too heavy.
2. I'm going to get full suspension for sure. The reason is it keeps you in contact with the trail so much better to enable you to climb anything. Hardtails bounce and lose contact and grip. Plus the full suspension bikes are obviously more comfortable.
3. I'm going carbon for sure. Weight is the main issue here. I will travel with this bike to New Mexico and other mountainous environs but even the climbs in Texas can be extreme for short distances, so this is a big factor. My old Stumpjumper was a hardtail aluminum frame and it was just heavy.
4. Everybody uses disc brakes now. Mountain biking was the lead on this before road and tri.
5. My likely buy, based on all my research, is probably the Scott Spark. Not sure of the exact model, but something like this one:
https://www.racycles.com/...spark-920-bike-11165. If I pay sticker, it's a little over $3,000. I'm told that towards the end of the calendar year is a good time to buy because the shops try and move inventory to make room for next year's models. But this bike is one of the more popular ones so I doubt it will be discounted much.
6. Everybody, and I mean everybody, is using 1X front chainrings. There is a practical reason for this, in that you only have to worry shifting your cassette on terrain that is constantly changing. I can't speak to the mechanics of it, but it seems like the gold standard for competitive mountain bikers these days.
7. Lastly, I was amazed to find that mountain bikes can cost as much as the high end triathlon super bikes, in the$10,000+ range!!
Hope that helps. Good luck,
-Doug
It is the mind itself which builds the body.
-Joseph Pilates