You don't have the luxury of being nearby, so staying on top of things is more arduous.

Can you market the property as a luxury and walkable community?

An STR hot tub is a completely different beast. 1) Hotels and fitness centers have staff that are checking chemicals twice a day to ensure the appropriate balance is being addressed, STRs do not have that luxury.2) You can educate your guests all you want.  

He transformed his land into a mix of STRs and even added some luxury yurt camping sites.

There will be good investments to be made for several years and investments made today aren't going to hockey stick like they did in 2020-2022 so you have the luxury of time as you wait for the best opportunities from the best sponsors.  

I show mostly luxury homes, which is more expected here than at lower prices, but it's still of note.

The luxury market in Miami and Palm Beach adds extra stability.

Less desirable and by no means luxurious but not dangerous, no intensive management needed, properties unlikely to appreciate much over time but very attractive from a cash flow perspective.

I'm wondering if luxury properties are the way to go because a) better tax savings; and b) more likely to rent for $$$ during ski season, or at least that's what seems to be the case.

Beautiful city was driving through it the other day amazing how much luxury new construction