Tourism Recovery and Short-Term Rental RegulationTourism Demand: If tourism in your area is recovering, there might be a shift in short-term rental demand, which can create competition for mid-term rentals.

Then research local regulations and tourism and data. 

OKC might surprise you with its steadily growing tourism sector due to expanding business hubs, cultural attractions, and its affordability compared to other major cities.

This will give you a feel for the numbers in realtime.Second, I'd advise looking hard at the travel nurse/corporate travel market, as opposed to general tourism market.After arbitraging for 6 months to a year you'll have a very good idea of where to find your 20% CoC opportunity.

Afghanistan, Iraq, Libya, Lebanon, Iran, Ukraine, Vietnam, Korea, Venezuela, Cuba..... on and on the list goes who have suffered, seriously, via US interventionism. 

Be prepared.Even if your personal home is only mildly impacted, but your community who relies on tourism has a BIG impact, understand that this will take months or years to recover from and some communities will not recover.

While it's a great spot with a ton of tourism unfortunately, it seems the hotels view STR's as competition and have helped to encourage the strict regulations.

The Riviera Maya and Cancun area for example has has an 8 to 10% capital gain per year in the last 10 years, the politics are stable  and the country's international tourism is booming.

Not to mention the accommodations for out of state travelers and the restaurant scene which is a huge deal in Wine tasting tourism the WV has a fraction of those facilities compared to Napa Sonoma etc etc. ..

Peniche also has a university and a fishing industry to provide alternative economic drives if tourism does take a hit.C.Supply constraints– Peniche is a peninsular!