These areas attract not only residents but also tourists and second-home buyers, maintaining high real estate activity year-round.While there is a slight dip in demand during winter, Southern California’s diverse economy, international appeal, and housing shortage make it one of the more stable markets for real estate investment.

Stay away from HOA'S and condos(my personal rule)Pick tourist destinations.

Indeed, I'm not sure why you'd want to own a short-term rental home in Cancun to start with.People who land in Cancun (mostly tourists) generally either stay in a hotel / all-inclusive resort there or in the neighbouring Riviera Maya or they stay in a short-term rental in the Riviera Maya.

In fact, the views are a LOT better and there are hardly any tourists -- just walk along the Jersey City or Hoboken waterfront or take the bus to the cliffs of Weehawken.Feel free to check out my post about my journey from Brooklyn to Bayonne...My Long Journey to House-Hacking (biggerpockets.com)

@Tom Dean not every STR needs to be somewhere tourist centric, people have all kinds of reasons for wanting to rent a STR in an average joe kind of town.

In the latter two areas you can even do some STR, not with tourists but visiting nurses, etc.

The hurricanes certainly didn’t stop Californians and New Yorkers and everybody else in the US from flocking to Florida in droves pre-Covid and during Covid and I think it’s always going to be a popular tourist destination and place for people to want to live.

However, Muskoka is a huge tourist area that attracts a large vacation population each summer. 

Like many tourist destinations, Dublin suffers from extremely high rents pricing many local residents out and to try and negate that there are a number of rules placed on short term rentals in the city.

When in that 50 year span a particular market will catch up and require hotel/tourist zoning for STRs is a coinflip, but in the Disney market it's already done.