Siding material for long term buy and hold

[Chris Simmons]

I have a contract for a property in Tulsa, Ok and there is enough damaged siding, rot and termite, that all of it needs to go.  That will allow of necessary repairs of termite damage to framing since walls will be opened from outside.  the house was built in early 1980's.

Since I am a buy an hold investor, I am looking for input on a preferred siding material.  I put vinyl on a house that I sold 3 years later and had issues with pieces coming off or loose but it did look pretty good.  I have two rentals that have approx 10 year old vinyl siding with its share of damage from tenants and hail but still looks decent overall.

Is vinyl the way to go?  What about Hardi plank or going back with 4x8 sheets of lap back siding?  Is cheaper wood or concrete type product the way to go with a high quality paint that will hopefully go at least 10 years between jobs?  

I notice apartments tend to go with wood siding products and just keep repainting every so often....though generally not often enough.  Is that a clue and perhaps the answer to my question?   

Who has dealt with various products and what have they considered the best result after having it for quite a while....preferably over 10 years.

Thanks