A mysterious flash of lights over New Mexico's Sandia Crest early Monday morning had some residents wondering if they had seen an unidentified flying object.

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But experts said the bright spot, spotted just after 2 a.m., was most likely a meteor.

Video of the flashing light was captured by an observatory near Santa Fe.

According to a University of New Mexico scientist, it was most likely a meteor passing through the earth's atmosphere.

It's a rare sight for anyone to witness, but the real treasure is finding the meteorite once it lands.

"It would be worth something scientifically, for sure, and you know everybody is interested in finding meteorites that come from this fireball event," said UNM research scientist James Karner.

Karner said the dry deserts of New Mexico make it easier to spot meteorites on the ground.

Thomas Ashcraft, the man who captured the video from his observatory, said the space rock probably landed in eastern New Mexico or the Texas panhandle.