Sedona proper (city limits), as well as Greater Sedona Area (also includes VoC, Oak Creek Canyon, Upper Red Rock Loop Rd, Lower Red Rock Loop Rd, and a few other outskirt areas) are STR friendly at the time of this posting, as long as properties do not have STR restrictive CC&R's (notice I didn't say "no HOA"- which is incorrect and quite trendy to say for many people, including agents that should know better).The following Sedona property example is available for purchase at the time I am posting this.

If you hold it for 7-10 years you will need to invest real money to make it "trendy" again as the kitchens and baths would be dated at that point for an A class neighborhood. 

I would not be suprised if BMW and Volks Wagon also follows Mercedes to move their HQ from NJ to Atlanta.http://www.autoblog.com/2015/01/06/mercedes-benz-u...Another interesting trend I am see is that Hollywood is starting to move to Atlanta.

Tends to attract a younger /trendy crowd.1REClub- http://jimmyvreed.com/network/...

You will need find areas where the rental demand is high to make sure the numbers work at the purchase price.Renters want more space – In a post COVID world where more of the workforce is virtual and school is virtual location close to the trendy areas has expanded.

Franklinton has seen a lot of development over recent years and the trend is continuing to head towards the west side of the area. 

In some cases, these unique or trendy features may significantly increase the value of a property, regardless of its size, making it essential for both buyers and sellers to stay informed about the current market trends and their potential impact on property values.The Importance of Maintenance:Well-maintained properties, regardless of their size, tend to retain or increase in value over time due to the positive impact of a well-maintained appearance and functionality.

There are very large apartment buildings right on the lake in the area called the "gold coast", some very expensive townhomes in the trendy area of W 117th, some "older money" homes on Clifton, and some cheaper homes as you get more South, and Edgewater can be street by street in that you'll have homes that are owned by people in their 60s+ that are kept in great shape where the street over is basically an alley with homes that are in need of some love.

@Andrea Lopez I know the current trend is to refinance out of every property you own to continue growing your portfolio but after I analyzed my portfolio I realized I could accomplish the same goals financially by either buying another 25 units or attempting to pay off the buildings I have.

As Jay suggested, if you think you are buying a good deal, be careful some of these areas that are being sold to people from California, Washington, Hawaii, New York, New Jersey, and even Texas now are being led to believe they are buying "C" class and "B" class properties here on BP and they are really scary "D" class properties.Make sure you google earth 1/2 block away to 6 block radius at all the commercial, shopping etc... if you see grafitti, broken windows, boarded up windows, trash all over the place, payday loans, unsavory characters, NO large grocery stores, NO trendy shopping, coffee shops etc...