Fossils of Magnolia trees have been dated back 36 - 58 million years ago. The theory goes that the ice age struck much of Europe and destroyed the Magnolia trees in that region but they survived in Asia and the America's.
Chinese, Japanese and Aztec histories all feature images and references to the plant. It was also cultivated for medicinal reasons as well as being a religious symbol of purity to the Chinese.
Early settlers in America's south made a tincture from the bark of the Sweet Bay Magnolia to treat coughs, colds and fevers. It became widely planted throughout the south, especially in front of homesteads.
It is now considered the most widely planted ornamental evergreen tree in the world.
So, considering it's ancient past and its popularity, why not consider it for your "homestead" - at least it will stay in fashion for thousands of years to come.