I did my undergrad at ASU, just graduated 2005, and yes, lot 59 is "far," but not that far. You may want to contact Parking and Transit services at ASU/look at the website and try to get a closer spot in one of structures. There is a strcture in lot 59, it is #7. While you would have to park "in" lot 59, your car would be covered and I think if you try hard enuf you can get a pass. Trying hard entails looking each day and seeing if there are any openings any where. I would not settle for Lot 59 just yet.
I had a structure one pass that my sister "handed" down to me. She was a senior while I was a freshman. If you can find someone who has a structure pass and will be graduating you can go down to parking and transit services when they "hand in" their pass and then you can get the spot as soon as it comes open. At least that is what my sister and I did; as well as many friends. This may help you for second semseter and 2L and 3L. There are also many businesses around the university that will sell you a parking spot in their parking lot for the semester. You may want to inquire at the surrounding places and see if they have any spots.