My brother chose to start investing there 20 years ago and has found that in the small town/village tourist areas the land is held by locals that generally have no money to develop it.

I have been living here all my life and I have been noticing the increase of tourist around. 

I was interested in buying a property in an area such as Miami or Las Vegas (due to the low cost of homes & its desirability as a tourist destination), renovating it and renting it on Airbnb.

In the small resort where I enjoy time at my Spanish property, which lies in the just beside the picturesque Bay of Roses, people from all walks of life and of all nationalities – many of them non-EU citizens – have been enjoying life there for many years, moving freely to and fro.Brexit or no Brexit, British people will continue to be able to buy property in European countries and live in them, just like nationals from non-EU European and non-European countries have done for decades, even centuries.In my mind, I believe sufficient mutual appreciation exists between Spain and its significant number of British homeowners to minimise the potential disruption of Brexit to British homebuyers there, now and in the future – not forgetting the millions of euros that British tourists and homeowners bring into the Spanish economy every year!

Pros and Cons of vacation rentals I've come up with:Pros- Living in a city with year round tourists (home is in a great central location) - Potential to make more $$ than a traditional rental- Less wear and tear on the property (in theory)- Access to the property weekly to clean/make sure it is being maintainedCons- No guarantee of bookings- Personal time investment to clean after each check out - 3% fee charged on every booking from Airbnb (VRBO is even higher) I am 50/50 on what route to take here, so any advice is welcome!

You should check with your local short term rental (STR) laws and always make sure your deals work even if those laws change and force you to do mid to long term rentals but since there are so many universities and bachelor/bachelorette parties and general tourist travel in the summer.

If not, you might have to drop a few thousand at IKEA, but if you could keep it rented to tourists, it's quite possible you make more than the mortgage and help to cover the furnishings expense.

And, not trying to be a speculator, but there are a lot of attractions nearby that are ramping up tourist interest so there is also potential for rapid appreciation if that comes to pass.

BTW, Boeing is cooling a bit but we still have Volvo building, Mercedes expanding their van plant and more cruise ship stop-overs for more tourists.

When you visit a city as a tourist or even with an investor mindset for the first time, your head tends to pull to the emotional side -- what a cool town, love the vibe, I feel comfortable here, this looks too rough ... etc.