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How Design Can Make Your STR Earn $250k in Year 1
Ever wondered how to turn your short-term rental (STR) into a revenue-generating machine? Look no further. Dive into this case study where one property achieved a remarkable $242k in revenue in its first year through the art of smart design and strategic amenities.
What Made This Home a Standout Success? Revenue-driving amenities.
--> Crowd Pleasing Standout Outdoor Amenities
๐ Sports Court - Pickleball & Basketball
โณ๏ธ Putting Green
๐ฅ Fire Pits
๐น Hot Tub
๐จโ๐ฉโ๐งโ๐ฆ Multiple Seating Areas
๐ Corn Hole & Ping Pong
๐ง Heated Pool
๐ Built-in Grill
๐ผ๏ธ Outdoor Mural
--> Crowd Pleasing Indoor Amenities & Design
๐น Blockbuster Movie Themed Bedrooms & Design Carried Throughout the House
๐น Converted Garage Space Into a Pool Table Game Room
๐น Poker Room
๐น Themed Mural
Key Takeaways to Drive Revenue for Your STR
๐ธKnow Your Guest or Avatar and Design for That: Don't be afraid to go all-in on a theme that resonates with your target audience. Consider theming your property based on popular attractions in the area, aligning with what guests are doing when they vacation.
๐ธMaximize Outdoor Space: If you have a large backyard, fill it with revenue-driving amenities like the ones in this home.
๐ธMaximize Indoor Space: Don't have an expansive backyard? Make the most of your indoor space by creating themed bedrooms, including standout amenities like slides and murals. Convert a garage into a movie theatre or game room to maximize entertainment options.
๐ธDo Your Homework: Research what amenities are popular in your area and ensure your property offers them, and then add more!
๐ธComfort and Seating: Provide multiple seating areas throughout your property to encourage socializing and relaxation, enhancing the overall guest experience.
The short-term rental landscape has evolved. The highest-performing STRs now create amazing experiences through their design, making the property itself a key part of the vacation!
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