Expensive vs cheap rental property: Which is better for positive cash flow?

[Ava G.]

We are considering two options as a first rental property:

1. A condo unit in the center of one of the fastest growing business hubs with a very good view of the city skyline. It's just a walking distance from malls, parks, hospitals, and offices. It also has better amenities & an elegant overall structure (similar to hotels). It's more expensive and will command a higher rental. (I personally want to live there myself.)

2. A condo unit that is near the business hub (but not within it). It's about 10-20 minutes ride from malls, parks, and offices. The amenities / overall structure is just okay, nothing too fancy. It's less expensive and more affordable rental property.

Let's assume that both buildings are developed by reputable companies and both have a nice interior design (say, I hire an interior designer to dress up the unit). In general, which of the two is a better rental property / has a wider market?

The answer seems obvious to me but I some things may be counter-intuitive.