Yet, you have to adapt those ideas to the modern world!

.: Quote from @Krista Lance: Hi all - I have a new-modern day question regarding this: What about if I want to manage a "medium-term" rental (i.e. 30 days or more).

I took all the old charm and kept everything I could, updated everything for a modern family!

Does it look like a modern-ish apartment with breezeways and internal stairs, or is it built like a roadside motel with long walk ways along the front.  

In today's competitive real estate market, having modern amenities can set your property apart, making it more attractive to a wider audience.

Upgrading countertops to granite or quartz, installing high-end appliances, modern cabinetry, and stylish fixtures can significantly raise ARV.

Quote from @Guan Hong Guo: It's a combined income.

Because of that success, and the tourism of Santa Fe, I'm assuming a STR will likely out preform a LTR with modern amenities, design, etc in place.  

The key difference, though, was he spent months carefully getting to know the local architecs, reputable builders, and even a couple of niche design firms that specialize in modern builds for mid- to high-end buyers.

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.