Santa Fe New Mexico Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Santa Fe, Updated May 2023
The demand for vacation rentals in Santa Fe has been on the rise since 2013, when Airbnb first launched in New Mexico. According to Zillow, there were nearly 20 properties available to rent in Santa Fe as of June 2018. Although they only account for a small percentage of all short-term rental listings in Santa Fe, these types of rentals are more likely to be booked by visitors who are seeking luxury accommodations and amenities like spa treatments and gourmet dining options. These types of travelers also tend to spend more than average short-term renters, making them a potentially lucrative source of income for homeowners who decide to rent out their accommodation on Airbnb or other platforms.
When partnering with RedAwning for your property management needs, we can make sure your Santa Fe rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Positive vacation rental trends in Santa Fe, New Mexico when you considering renting out your Santa Fe home as a short-term rental are: Because it is such a popular destination for visitors from across the country and around the world, there are many affordable and comfortable accommodations available to rent on Airbnb or other platforms. Santa Fe has plenty of hotels to choose from, but these tend to be overpriced for what you get. There are also plenty of guest houses and B&Bs that are perfect for families or couples looking for a more authentic Santa Fe experience. With all of these options available, Santa Fe is a great place to rent short-term.
Positive vacation rental trends in Santa Fe, New Mexico when you considering renting out your Santa Fe home as a short-term rental include: To satisfy demand, consider renting out your Santa Fe home as a short-term vacation rental. With the right marketing strategy, you can attract tourists who are willing to pay higher prices for Santa Fe property. Furthermore, Santa Fe is a tourist destination that appeals to many different types of travelers. By renting out your Santa Fe home as a short-term vacation rental, you’re catering to all types of guests, from those interested in historical sights to those looking for peaceful retreats. Advance your search for short-term vacation rentals by searching online and seeing what’s available in your area. You can also reach out to local businesses and ask them about their current inventory. You can also rent out your Santa Fe home as an Airbnb or VRBO listing. These sites offer a wide variety of accommodations that cater to a range of price points.
RedAwning takes the guess-work out of Santa Fe property management, and we work with you to ensure your Santa Fe short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
Note: These averages are based on a 2 bedroom home in Santa Fe. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
If you are a speculative home buyer or have another home in New Mexico, check out our other New Mexico Vacation Rental Management reports in Albuquerque, Taos, Cloudcroft, Raton, and Farmington, New Mexico or view all of our vacation rental market reports