What gets me out of bed every morning is the pursuit of a life of "luxury".

This area is for luxury 2nd home sales primarily.

@Moritz BodeLVT (luxury vinyl tile) is the way to go for rentals.

Float a luxury vinyl plank over that flooring. 

They will eventually reprice to attract tenants and if they reprice enough, some marginal B renters who are less affected by the situation will notice that smaller price spread to move into a luxury A unit and will make the switch.

Each unit we have turned over has been completely renovated and we are at a higher price point (but below the luxury.

Consider luxury vinyl plank flooring with special attention to the under-matting for sound.

You have at least $3,750 to $4,000 per month cash flow when the notes are performing so that is way more than you need to live luxuriously in Chiang Mai or most anywhere. 

I have a luxury rental I just renovated and dont allow pets.  

For example, developing neighborhoods or luxury properties requires strategy and planning alongside connections to reputable sources that can allocate a quality build.