Prescott? Sedona? Flagstaff? - Is it still a good STR market?

[Keetaek Hong]

Hi BP! I could use some help narrowing down the STR market to invest!

How's the Prescott? Sedona? Flagstaff as an STR investment? We are hoping to expand our footprint from Scottsdale to somewhere outside.

1) Cash on cash? Are the houses too appreciated to see a good cash flow? Is the recent small market correction help at all?

2) Seasonality? Are those places suffer from seasonality a lot? 

3) Regulations? What's the city/county ordinances per STR look like? Are they in favor? against?

4) Demographic? I can see Sedona being an international attraction. How do Prescott and Flagstaff do? Do they attract good traffic? 

Any insights would be MUCH appreciated!