Abstract: A method of preparing an asphalt emulsion composition comprises mixing an aqueous asphalt emulsion, water, latex rubber, and a solids mix composition comprising reclaimed rubber particles passing through a 40 mesh U.S. series sieve and one or more solid addends selected from the group consisting of a rheological agent, gilsonite, carbon black, surface active clay and polymer fibers, and mixtures thereof and wherein the ratio of latex rubber:rubber particles is between about 1:1 and about 1:10, by weight, respectively, and mixing the components at substantially ambient temperature.