And I know that the tourism infrastructure (restaurants , activities) has some catching up to do aside from the new casino that is opening up.

Go to the casino and watch roulette.

It's like saying someone who invests in treasury bonds is dead equity.  

However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.

The Sands Bethlehem Casino is bringing major revenue to the Lehigh County where some residents property tax have actually lowered.

Tenant is a blackjack dealer at a nearby casino, has verifiable income but no landlord refs...has been living with her grandmother.

I stay out of casinos. 

Everyone has their own things that they splurge on - travel, casinos, designer wear,etc.

I like to think that when your return on equity drops below a 10 Year Treasury Bill, it might be a good idea to redeploy. 

I've turned to treasuries as buffers in the short term (ie - TLT), yet the market will always rebound (who knows if this is full on Bear or another manufactured correction), I wouldn't abandon the market completely.