This place was presented as a luxury accommodation.

As primarily a luxury STR buyer's broker and 20 year mortgage broker I can testify the importance of a reliable and experienced strategic mortgage partner. 

Over the years I have had great success turning properties like the one you are describing into luxury lofts part of the second floor unit. 

It’s a luxury here.

I would try to keep the tub, because it always add a luxurious feel.

We use luxury vinyl flooring and get much better value for the money invested. 

The mall is being rebranded as a super luxury shopping experience, which won't hurt appreciation of these condos with their proximity.

We've been very happy in our 'luxury' househack for 17 years so far. 

A quick Zillow search will show some impressive value, particularly at the luxury end of the market. 

Seems that you would need an additional living space like a TV-free "living room" (something I had in the midwest growing up, but aint nobody got space or $$$ for that in California) or a finished basement (another non-existent luxury where I live) if you want an additional living space to spread people out.