When getting new tenants I've found the increase to be much more. 

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

All they see is a 10% increase on a weekend, or month over month, and they call it price gouging.  

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

The median home sold price reached $582,329, reflecting a 9.7% increase from the previous year, with a median price per square foot of $325.

Increased demand for historic district rentals and excellent rental history.

Reduce the federal budget deficit to 3% of GDP, achieve real GDP growth of 3%, and increase U.S. oil production by 3 million barrels a day by 2028.For real estate investors, these plans could mean major changes—and opportunities.

You need an income that meets three requirements:Rents increase faster than inflation to offset constantly rising prices.It must be reliable; it continues even during economic downturns.It must last throughout your lifetime.These are all long-term requirements, so the current interest rates are not the major issue.

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent.