About 20% of the trees on my property used to be elms. After the 2003 drought, they started dying, now there are none left. I do still have some standing dead, though. One of the most rot-resistant woods I know. It will stay standing dead for years. I drop it a year or more after the bark has fallen off, then stack the rounds for 6 months, tarped on top with scraps of EPDM roofing. Still a PITA to split the crotch wood, but the other stuff goes just fine with my 30 ton splitter. The crotch wood pretty much just gets cut by the splitter.
The elm that I have smells like cat piss when it's green. But after it's dead and dry for a couple of years, it has a wonderful, spicy aroma when it burns. Almost a cinnamon smell, but better.
I'm going to miss those elm trees.