It would probably be easier to do without the laser tach. Just use an LED and phototransistor.
- super-bright crystal clear LED fed with 5V through 180 ohm resistor
- Phototransistor fed with a 100K ohm resistor from 5V to collector, emitter to ground
- Take output of collector - resistor junction to Arduino input.
- Place both LED and phototransistor next to each other pointing in the same direction with a bit of back tape between them.
- Point them at the fan blade, from short distance (2cm-3cm)
- Read the pulses coming off the phototransistor
Something like that.