And as long as you are a little cheaper than the local extended stay hotel, including the luxury taxes they normally charge, they'll rent from you.Congrats on your clever side income. 

The only units that turned any kind of a profit were the $200k super luxury ones, and those didn't make enough to justify the money out of pocket.  

Before I moved to Denver I sourced deals on SFR's for national REITs and a luxury flipper in the Scottsdale/Phoenix area.

Luxury finishes, detached garages.  

The Tesla fills a current market niche, which is a high-end luxury automobile that is eco-friendly.

I know some of the people building those giant buildings downtown, and while I am not happy with the style of the buildings the city allowed them to build (I am extremely conservative when it comes to architecture styles, and would prefer they were 100% faced in brick and not these weird mishmash things everyone builds now a days), or what I perceive as a lack of parking and over reliance on a luxury market, they are going to do quite well for themselves, so on that front it is hard to argue.

Some of the most beautiful and luxurious hotels in North America are in Los Cabos and Riviera Maya.

A = Luxury properties usually 10 years old or lessB = About 20 - 30 years and mixture of white and blue collarC = 30 to 40 years old, renters for life.

That being said, there are at least three high rise luxury condo buildings going in downtown right now and there is development anywhere.

If I had that amount in hard cash, I mean personal capital, you can invest in luxury short rental holiday properties in Dubai, you could make a bit over that monthly.