Valpo News/Wenn
June 07, 2016 08:00 PM

Richie Sambora won’t be joining the Bon Jovi tour in 2017, choosing instead to continue spending time with his daughter, Ava, a source close to the rocker tells PEOPLE.

“Richie’s schedule is busier now than ever, except a lot of it is with his family and around those he truly loves,” the source says.

Sambora is not touring with Bon Jovi for “the same reasons” he opted to leave the band in 2013, the source says. “He wants to spend quality time with Ava,” his 18-year-old daughter with ex-wife Heather Locklear, says the source, especially now that she is in college.

The legendary guitarist, singer and songwriter has also been busy recording his first partnered album with girlfriend Orianthi Panagaris in Vancouver, where he and Ava were spotted out and about on Monday. Sambora and Orianthi are putting the “final touches” on the new album, the source says.

“They are so happy together,” says the source. “They have so much in common. They both love jamming guitars, writing and producing songs and of course performing. It’s their passion.”

Mike Coppola/Getty

Famed producer Bob Rock, the force behind such iconic albums as Bon Jovi’s Slippery When Wet, Metallica’s Black Album and Motley Crue’s Dr. Feelgood, is producing Sambora and Orianthi’s album, which is as of yet untitled.

“It’s far beyond anything he has ever done, so he is excited about it,” the source says. “He loves working with Bob, who is a record producing god.”

Sambora, who formed the band RSO with Orianthi, is “gearing up with excitement to tour” the source says. They are scheduled to play in Brazil this summer and will hit the road in October with Bad Company s Swan Song eight-city tour in the U.K.

“Life is really good for him, right now,” says the source. “He feels so free. He said to me, ‘I’m just getting warmed up!'”

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