This is going to negatively impact the tourism.

It’s perhaps not ideal due to its reliance on tourism. 

The hotels are great and there's a lot of tourism from Asia.

There are only 68,000 full-time residents, so tourism is a huge part of the island.For months, I've been looking into acquiring property in an area where vacation rentals are allowed (it's restricted here on Kauai via the VDA - FAQ).

If you're after appreciation, they likely have an edge.I personally enjoy it, but that's because I enjoy the tourism market. 

Yes I do and my properties do have HOA's with varying degrees of acceptance but will have a terrible time getting the CC&R's changed to prohibit them because AZ's economy is very reliant upon tourism.  

Just a simple - Money Lent out, comes back with Interest and my earnings are: Inbound - Outbound.

I was surprised to see that North Dakota is at the top of the list in terms of inbound migration.

While these places aren't as beautiful as some West Coast locations, they offer tourism, beach front, decent price, and are generally warm year round. 

This handles all of my inbound/outbound 800-numbers, local numbers, Voice Mails, and even emails me an .mp3 of the voice mail with partial transcription.