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It would really depend on how Mexico acquired such land.

If Mexico had won the Mexican-American War (1846 - 1848) it would have kept present-day California, Nevada, Utah, Arizona, New Mexico and Texas, as well as parts of Wyoming, Colorado, Oklahoma and Kansas. Some historians think Mexico would be a regional power, but not a superpower such as the United States; maybe something like Canada is today or Brazil within a few decades.

If you mean what if these lands revert to Mexico in the near future, maybe it would become the second or third largest economy in the world, after China and possibly the remaining United States; but again, most probably Mexico would be a regional power as historically speaking, it hasn't waged any wars of aggression.

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