It is said that if one lingers long enough, every motif of the times revives back in style. This is certainly true for the present hottest Miami real estate craze: condo-hotels. Without a doubt, it has been nearly 90 years since Hollywood's first celebrity superstars such as Mary Pickford, Douglas Fairbanks and Montgomery Clift transformed hotel living into a sensational, sought after form of art.
Today modern amenities and contemporary stylings are evolving this glamorous way of living to a broader demographic scale; unprecedented numbers in real estate history. In point of fact, some 70,000 private residences situated in hotels are now being developed across the United States, particularly in the unfaltering Miami real estate scene, according to a Business Week report by Lodging Econometrics, a hotel real estate analyst group.
Busy professionals and dynamic empty-nesters are driving the trend alike. These clever, real-estate savvy and chic homebuyers want to put everything in one package: convenience, security, five-star amenities, a distinctive atmosphere and community, and most of all, a smart investment.
It is rather uncommon for anyone to own two, three, even four homes at present--especially the baby boomers, who have always been trendsetters in any arena. Miami condo hotels are considered to be a consequence of a real estate boom that has been catalyzed by multi-home ownership. Nevertheless, with each additional real estate property that people possess, the challenges rise as well. What is interesting is how these people ever manage them all.
Crucial domestic concerns such as security, personnel management, payroll and payroll taxes, as well as the overall maintenance that includes cleaning and landscaping can be a lot quite taxing even for just one property, let alone two or three. Sometimes in the search for that ever-more comfortable way of living, everything spirals up with increasing complexity.
Living in a Miami condo hotel is essentially living in a residential condominium that is within a hotel. Miami condo hotels address the above mentioned challenges, apparently getting rid off the usual manual upkeep and stress that are associated with regular home ownership.
In a Miami condo hotel environment, residents can phone the front desk in order to request maid service, for instance, in their condo before they jump a flight homeward bound, to conveniently monitor dry cleaning that was not picked up before they leave for vacation, or even have dinner waiting in their condo after a long day at the office.
These unique advantages are even more valuable when residents are relaxing at home in their condo-hotels. For example, if residents are planning to have people over, the concierge can arrange for reservations at the hotel's restaurant, or have the meal brought to the condo. Similarly, if residents are having overnight guests, the hotel can accommodate them in separate rooms within the hotel, or roll a spare bed into the condo.
In addition, homeowners share the same marvelous amenities as hotel guests, including a la carte room service, 24-hour concierge, in-room maid service, bell hop service, valet parking, car-for-hire service, laundry service, and 24-hour security.
These inimitable attributes are keeping Miami condo hotels a well sought after piece of real estate property, amidst the cooling Miami real estate market.
In a world where the only commodity one cannot control is time, Miami condo hotel living gives affluent homeowners flexible access to five-star amenities, the comfort of knowing that their homes are safe and secure, an upscale environment of the first order, and a sound investment.
Earl Juanico http://www.miami-realestate.net
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