I plan to purchase land adjacent to higher end resort towns, design and build smaller, very modernly styled and mountain contextually sensitive homes.

@Daivis DeJesus I'd add to focus on the kitchen and bathroom and make them look clean and more modern. 

Got for a average, modern home.

As noted earlier, I fully understand NV is cheaper, any modern investor knows that, don't need wild Bill to tell me.

The electrical tape used to make the connections with the fixture is modern black vinyl tape.

It is not rocket science'

He was able to add modern siding for the addition but had to maintain the old brick and mortar which was in bad shape and had to be refurbished. 

Delivered a modern home that sold in a bidding war.

So obviously we add more rooms, ADU (Garden Grove allows ADU if lot size is more than 7200 square feet)We also get to apply some "make-up" on the house and modernize the property :D Lessons learned?

Some of the things in your list are not even factors that lead to the Great Depression, at least not major factors that are recognized by modern analysis.