Hybrid Rental StrategyRent as an STR during peak seasons, then switch to mid-term rentals during slower months to increase income and reduce vacancy risks.2.

@Shannon MogilinskiValuations peaked in 22, and I think have dropped about 20%, depending ons the market.  

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

Sharp declines after peaking in 2022. 

You could also time your Airbnb days during peak seasons to make the most of nightly rates, then do MTRs the rest of the year.

I sold at what I believe to be the peak. 

I suspect Texas and Florida both have peaked and for most small time investors who have missed that boat it's time to find the next market that is up and coming. 

This is anywhere, so I had one house that was a 2 story property with no upper porch (aka no way to get to the roof of the house) where one peak of the property trim was flaking that you could see from the ground.

Quote from @Christian Gibbs: We are in a unique situation where the market seems to have hit a peak with rent rates.

ADR projections in the low $100's and actual in the high $100's in our off seasons and mid/high $200's in our peak seasons.