I've had a successful career as a luxury car diagnostic technician for the past 20 or so years, which I still currently enjoy and crush daily, however I've realized that it isn't likely I will ever make any more than I currently do.

Hemispheres and the likes are affordable yet well maintained, a luxury version of the 70s. 

But if it's a luxury beach rental, you will have a high end market. 

Scope of work:-install luxury vinyl flooring-install kitchen appliances-new kitchen counter-paint kitchen cabinets-paint interior walls-roof replacement-termite damage repair-paint house exterior-plumb gas and drain to rec room kitchen-draw plans to submit to city for permitting

Those who have wealth often take less risk with their capital after they've accumulated a lot and look to preserve what they've accumulated by investing in low cap ultra safe investments.

Ours is more toward 'luxury househacking'  than a typical duplex, but I haven't had a w2 since '02. 

If you are in Aiea, you aren't selling to luxury home-owners.

If you own a Class C property in an area where new luxury apartments are being built this could actually drive up your occupancy rates as residents moving into the area may not be able to afford those luxury prices. 

Purchase price: $150,000 Cash invested: $50,800 2 Beds 2 Baths Condo at Napoli Luxury Condominiums at Naples Florida.

I could be wrong, but from my understanding, air conditioning is a luxury and not a necessity in the eyes of the law.