Own a Slice of Luxury in Cabo San Lucas and Earn Money Too
– A No BS article by David Mandich – Baja California Real Estate Advisor & Consulting
There are Medano Beach luxury condominiums located on Cabo Bay, on the slopes of the hills in the Pedregal luxury housing development, and on the Pacific side of the Land’s End Mountains. All are beautiful, affordable (compared to California beach communities), and many come with fantastic views of the Pacific or downtown Cabo, its bay, and the Sea of Cortez.
The largest percentage of luxury homes and condos in Cabo are used as vacation rentals, investments, and tax deductions. So many, in fact, that the local hotel association has taken offense and declared war on owners who are using their homes as short-term villa rentals and competing with hotel room rentals, timeshare sales, fractional properties and sales of tourist condominiums. . These owners receive $300 to $3,000 USD per night for their rentals, the same as hotels charge. Given the choice, would you rather rent a luxury ocean or bay view Cabo home that sleeps eight for $400 a night or a hotel room for two for the same money? I touched’!
If you want to own a five thousand square foot villa overlooking the Pacific and be able to rent it out for $3,000 a night on wedding parties etc. – then make sure you pay your fair share of the local hotel tax. That’s basically what hotels are howling about. If you want neighbors, a sense of community, if you want to avoid traveling through downtown congestion, then you better head out of Dodge (Cape) to find your nirvana.
In Cabo San Lucas, one can have fun almost 24 hours a day in the clubs, on the beaches, around the pools and on the yachts. Buying a place in Cabo is for the truly young at heart, or those who have business interests there.
Cabo San Lucas versus San Jose del Cabo
Cabo San Lucas is actually a part of the municipality of Los Cabos that includes San José del Cabo, located eighteen miles to the east and, in a way, a hundred years ago.
Despite all the millions of dollars in tourist hotel development in Cabo San Lucas and the Tourist Corridor between the two towns, San José del Cabo still evokes the roots and spirit of Mexico unlike Cabo San Lucas, with its faster pace and commercial. and tourist environment.
Those who really want to LIVE in Mexico, ie avoid the tourist crowds of Cabo, etc., can consider shopping in San José del Cabo eighteen miles to the east and eighteen miles closer to the airport. Or, as I will discuss later, in the 18-mile corridor between the two towns.
Some see Cabo more like Las Vegas and San Jose more like Santa Barbara, California, but with warmer waters, cooler margaritas, and fewer tourists. It has a soul. It was a colonial town over two hundred years old when Cabo was just a few ranch houses, a dirt airstrip and a tuna packing plant a few decades ago.
Next: Living in the corridor
