cannot create new Azure VM with reservedIP

I am able to reserve an IP with PowerShell, but I have been unable to provision the VM from an image with the new IP. here's the Powershell command I used:

PS C:\brandz\site> New-AzureQuickVM –Windows –Location "East US" –ServiceName "mynet" –Name "Legacy" –InstanceSize "Medium" –ImageName "[one of the images in my gallery]" –AdminUsername "admin"–Password "adminPassword123" -ReservedIPName 'LegacyIP' -WaitForBoot

Here's the error I get when running it.

VERBOSE: 11:10:10 PM - Completed Operation: Get Deployment
New-AzureQuickVM : CurrentStorageAccountName is not accessible. Ensure the current storage account is accessible and
in the same location or affinity group as your cloud service.
At line:1 char:1
+ New-AzureQuickVM –Windows –Location "East US" –ServiceName "mynet" –Name "Lega ...
+ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    + CategoryInfo          : CloseError: (:) [New-AzureQuickVM], ArgumentException
    + FullyQualifiedErrorId : Microsoft.WindowsAzure.Commands.ServiceManagement.IaaS.PersistentVMs.NewQuickVM