However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.

Those who often chase the quick money often lose it as fast as they make it.Cycles are like a mountain.

Whenever I see someone post that "I can't find good deals," I translate it as" "I can't find anyone stupid enough to leave money on the table."

I would love to get on a zoom.I'm most open in the a.m. before 9:00 or after 4:00 pm Mountain standard.Feel free to direct message me or call and I'd be happy to help coordinate a call for us.

Hey @Ruth Reyes, I agree with both @John Underwood AND @James Carlson.I never really look hard at condo's due to the HOA fees and the fact that a controlling member can rule the roost.For example we almost bought a ski condo at the Inn of the 7th Mountain in Bend Oregon.

The mountains aren't going anywhere and this is still the busiest National Park in the Country (busier than Grand Canyon, Yellowstone, and Yosemite all 3 combined).

We were looking forward to taking our 10 month old son into the mountains.

I'm continually amazed by what Pace and his team bring to the table.

I've been a licensed realtor for 5 years, and our team brings 30 years of experience to the table.

A small mountain city.