Romans 8:11 appears in the following context:
9 However, you are not in the flesh but in the Spirit, if indeed the Spirit of God dwells in you. But if anyone does not have the Spirit of Christ, he does not belong to Him. 10 If Christ is in you, though the body is dead because of sin, yet the spirit is alive because of righteousness. 11 But if the Spirit of Him who raised Jesus from the dead dwells in you, He who raised Christ Jesus from the dead will also give life to your mortal bodies through His Spirit who dwells in you. 12 So then, brethren, we are under obligation, not to the flesh, to live according to the flesh— 13 for if you are living according to the flesh, you must die; but if by the Spirit you are putting to death the deeds of the body, you will live. -Romans 8:11
My question is: In verse 11, is Paul referring to the future resurrection, or present life by the Spirit? (I have always taken it to mean the former, but the context caused me to consider the latter.)
I know both could be said to be true, but I am wondering what Paul was actually referring to in this statement.