In my opinion it shouldn't be about the price of the rental (although cash flow is the goal) adding "luxuries" such as washer/dryer/refrigerator/dishwasher will most likely find you the quality renter that you would want in your property.

My new client has 14 Luxury Units now ready for rent, in Lake Balboa/Ventura area. 

It is zoned for up to 10 single family units, or up to 20 lodging (Hotel/Motel) units.

We've been dragging our feet on completing the finishing work (we're living in the unit right now, so we have the luxury of time), so we haven't had the building inspection yet. 

CHBO / Corporate Housing by Owner has a FREE resource library once you register for free where you can learn all the ins and outs of this lodging segment. 

People wanted the log cabiny, rustic feel, but also... new, modern, clean... and here's the kicker... a luxury ambiance with outdoor hot tubs, indoor saunas, indoor heated pools. 

I know people who rent out luxury rentals one to 2 months a year for ~$120k or so a month.But I would always want that core home to come back to as my base of operations so to speak. 

Kyle, I'm pretty familiar with the area; I have family in Billings, Red Lodge, and in between.

If one of those luxury complexes is only at half capacity and they plan on building two more, I'm thinking they'll be cheap to pick up in a couple years.

I have a luxury flip in the Royal Iolani hitting the market in about a week that should pay out very nicely and others on the way.