Things get HOT in Scottsdale (that's somewhere in Arizona ) where it was 117 degrees yesterdayShootout at short-term rental riles mayorhttps://www.scottsdale.org/cit...By just about any definition it was a bad party – ending in gunshots, screams and sirens.But it could have been worse.Perhaps miraculously, no one was injured during a gunfight after a holiday party spilled into a normally-quiet south Scottsdale cul-de-sac.While the East Kimsey Lane party at a short-term rental was still being investigated, police learned a woman who died of gunshots in Phoenix likely was at the Scottsdale party.

At least it was quick (hopefully)....A neighbor heard his screams and shot the bear with a rifle....but too late.

It certainly screams RED FLAG, but why would a seller do this?  

I'm in my 3rd decade as a real estate investor and my take is that there will be a delay until you start seeing screaming deals.

Some years are slightly more or slightly less but nothing like a 2m visitor loss.

That will require a lease and the standard vetting of the tenants like any other LTR.What draws are there near your place that would have longer stay visitors?

Not to mention a lot of visitors to the Valley want to plan way in advance, and need to book farther out than that.I few things that could be improved to make it more attractive: While the house is clean and tidy, it looks very sparse. 

meant to say market started rebound on last week of Jan, the last "excellent good time" to buy was in november and december, when there's only one visitor visiting an open house, in janary average group visiting open house is like 30 groups, very different environment now, price is already melting up.

Replacing the STRs with hotels can't/won't happen for a variety of reasons and since the locals depend on the visitors for their livelihoods, it wouldn't even be brought up at town hall meetings and I'm sure the thought would not be tolerated anyway.Your bigger concern should be your competition in running a clean, smooth, appealing, and enjoyable "experience".

Well guess what, guests are reporting visitors again