Sell or keep as short term rental

[Kyna Ngo]

Hi! We need some advice. We have a place in Palm Springs CA which has acquired a lot of equity.  I can’t decide if we should sell, pay off some debts and invest elsewhere or renovate and keep as short term rental. I am also a high income earner so I am trying to see what’s overall the best. It’s currently a long term rental now. 

Should I consult a tax advisor? 

Any advice appreciated!