Design and finishes are typically owner functions.  

Just pulling something from the internet (don't trust everything you see so take this with a grain of salt I'm not a lawyer): "If the building in question isn't officially designated as an SRO or hotel, it is illegal for landlords to rent individual rooms to tenants for a number of reasons, including that it could allow landlords to evade the maximum rent permitted by the Rent Stabilization Law and Code."

If you purchase in the right location, have the design and amenities people are looking for, you would probably do aright.

It's time-consuming enough to track hours, let alone check to see if the tracked hours count or don't count.Thank you ALL who posted and have continued to discuss this cryptic designation.   

There are certain areas of town that are worse than others, and also design features that are better than others...also foundations that are better than others.As @Ali Radoncic mentions, I've never thought about wildfires in DFW area. 

Additionally, Blue Ribbon Homes includes a property management team explicitly designed to handle my portfolio and is now offering a range of services to other investors.

As Chris noted, the most successful Airbnb's I know of are very unique in their designs and amenities.  

Green building technologies and energy-efficient designs are becoming the norm, driven by both regulatory requirements and a growing demand for sustainable living spaces.Navigating the Tech-Driven Real Estate LandscapeFor real estate professionals, the message is clear: adapt or be left behind.

For building in the 100 year or 500 year flood plain you will need a topographic survey of the lot and an experienced architect/engineer to design and help permit what you are wanting to build. 

A licensed architect in DC with +7 years of professional experience in architecture, design, and construction management.