Executive Stay Hotel Housing Equivalent (ballpark $70-150/night), long apartment would rent for about 50% or less of STR fees (however the fees also pay for utilities, basic consumables, and furniture deterioration).

Sustainable but will require some time in the system and fostering of content to increase SEO.

Nevada has the 10th lowest average insurance cost in the nation.Population growth - The population is growing at a very sustainable rate of about 2.5% to 3%.Internet backbone - The fiber optic bundle connecting Southern California to the East Coast runs under Las Vegas Boulevard.

and to me markets returning form what was white hot un sustainable to more of a normal market were home owners can take there time go shopping pick what they like without being rushed or pressured to make an offer right away.. 

This is not sustainable as renters don't have the money to have "rents pushed" on them over and over again.

Depending on your financial situation, I would recommend starting as a part-time real estate agent until you can build your business to sustain you.Right now, I'm active duty Air Force, and I started a couple of years before my retirement for that very purpose.

So assuming the two units at 1,250 a month are you accounting for replacing furniture and items in the unit over time?

But that sure isn't what I want to do and I'm not so sure it is a sustainable model.

I also tend to think STR owners put TOO MUCH FURNITURE in a bedroom. 

Stock it with furniture and appliances, stock it with the little things and give it some nice touches.