A nice balance between trendy and classic. 

If it isn't grungy, leave it as-is, put up a really trendy shower curtain, and replace the faucet and shower head to match the color of the new faucet for the sink.

There were a ton of young professionals (and yes, hipsters, artists, etc) who were getting priced out of the adjacent trendy neighborhoods, And this one had a ton of foreclosures waiting to be fixed up.

Places like gastropubs, yoga studios, art galleries, trendy coffee shops are all pretty good signs I think. 

Not very far away, about 6 blocks away, a traditionally trendy high income neighborhood delineated by a main street, has become overpriced, so many buyers and investors have decided to start buying in this neighborhood, which is equally close to everything.  

Is that a new trend I have never seen before?

I hate all fads and anything even remotely trendy.)

I think the thing to be cautious of is that often the "trend" is not correlated to reality.

Shopping centers, trendy restaurants are coming in and changing every day along with the increasing price tag.  

I was.He renovated completely, so no major headaches for 10-15 years, and with bi-yearly inspections, his units will stays relevant on the market.Also the Section 8 tenants, what do you think they will choose: the brand new renovated, trendy unit, or the one "lip-stick" good-enough renovated 10-20 years ago?