In other words, your price determines the perceived value in the guests mind, no different than a luxury purse fetching $1000 while another brand only $75, even though they are both made out of leather. 

We have gone from self-management to professionally managed by a luxury focused STR team.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

https://photos.app.goo.gl/drAGE6qoQpo2zTmk6 (https://photos.app.goo.gl/drAGE6qoQpo2zTmk6)

https://photos.app.goo.gl/jPLzX8QHq7PRsGo...

Turned out to be a very strong housing market with limited Custom Luxury Home Builds How did you find this deal and how did you negotiate it?

When I managed properties the owner would regularly call me in his office.... why did we spend $1/sqft to paint this apartment, why did we replace a fridge, what does it cost $2500 to do a simple make-ready on a 1 bedroom luxury apartment?

I just installed luxury vinyl tiles from Nucor in a future rental and they came out looking great.

Husband and wife agents with luxury brand, own a construction business, licensed General Contractor, retired army officer, successful spec projects in 2004(money was easy then).

Backstory: two luxury cabins in the Rocky Mountains, each sleep a max of 16 but 8-10 guests is more common.

Defendants also spent considerable funds on luxury travel and vacations, including least $4.6 million on chartering private jets and luxury car services, at least $183,871 on hotels and resorts (including $15,404 to Norwegian Cruise Line, $12,750 to Access Italy, an Italian travel company, and $8,738 to Expedia.com).

There are plenty of transient markets in Florida where the supply of median home priced properties can cash flow well but it would make no sense to purchase a luxury property in that market.