You can burn luminarias on Christmas Eve as long you follow certain guidelines...
From a City of Santa Fe press release...
Santa Fe has many Christmas traditions, including posole, chile, tamales, farolitos, and last but not least, luminarias (small bonfires). In the spirit of Christmas, Fire Chief Barbara Salas and Fire Marshal Reynaldo Gonzales are granting Burn Permit Amnesty for all luminarias in Santa Fe on Christmas Eve as long as certain guidelines are followed. Normally, all open burning without a burn permit issued from the Santa Fe Fire Department is prohibited under the Santa Fe Fire Code. Burn permits are issued throughout the year, but only in rare cases such as ceremonial fires.
Luminarias will be permitted throughout the city of Santa Fe on Monday, December 24, 2012 from dusk until dawn as long as the following conditions are met: