In late 2007, Magnum's opened a bar adjacent to the cigar & liquor store. It's absolutely and completely gorgeous. The lighting is immaculate and the decor perfect for a cigar bar. It's one of the only bars in this neighborhood that caters to an upscale clientele.
Drinks are pricier than other bars in the area, but not bad for Phoenix/Scottsdale. If you're looking for a cheap drink, go to the sports bar across the parking lot. But don't expect the person next to you at the bar to be as interesting as the people you'll meet at Magnum's. The people make Magnum's a great place and all the regulars we met were completely welcoming and friendly.
As of February 2008, cigar smoking is allowed in the bar. The owner, Amar, is in a legal battle due to the recent statewide smoking ban. So this may change in the future.