Dora 'festival city' due to the year-round festivals drawing people to the city. https://www.visitmountdora.com/ Nice little single family homes walking or biking distance from downtown can be found for $200-250k that rent for $130-180/night with year-round demand. 

There are frequent street festivals downtown and plenty of markets and eclectic restaurants to draw people in even when there is no official festival. 

From horse shows to tennis tournaments to art and wine festivals, there are TONS of activities that attract renters.

I am using Wheelhouse, but we price the Festivals and major Holidays by hand @TJ Watson. 

This is Madoff, Clayton Morris, and the Fyre festival wrapped into one...

Us professional real estate investors really need to absorb the fact that things in Vegas will be messed up for up to 36 months before it can become the busy festive place it once was. 

Based on what I heard from STRs in China (only country currently relaxing restrictions), generally it is extremely tough even after things loosen up for following reasons:1) No international travelers - By summer or even fall, most countries will likely continue to have travel restrictions2) No big conferences or concerts or large festivals - Nothing is planned for at least 2-3 months AFTER lifting of restrictions.   3) Not much business travelers- Business continue to discourage business travel due to liability concerns.  

I know this area is popular for the music festivals so I assume larger properties are in more demand (for groups)?

Music festivals are life. 

So far the Coachella and Stagecoach music festivals are still on in Indio Ca. despite all the virus scareshttps://patch.com/california/palmdesert/coachella-stagecoach-festivals-still-despite-coronavirus