The short-term rental market in Angel Fire, New Mexico, is thriving, with a median occupancy rate of 45%, an average daily rate of $302, and an average annual host income of $50,000, driven by strong demand for outdoor activities and lenient regulations.
Thriving Short-Term Rental Market in Angel Fire, New Mexico
The short-term rental market in Angel Fire, New Mexico, is experiencing robust performance, making it an attractive destination for both hosts and travelers. With a median occupancy rate of 45% and an average daily rate of $302, the area demonstrates strong demand throughout the year.
Angel Fire's unique appeal as a year-round outdoor adventure destination, with peak seasons in winter for skiing and summer for hiking, mountain biking, and fishing, contributes to its stable and profitable rental market. The lenient short-term rental regulations and the diverse range of accommodations catering to various tourist needs further enhance the market's viability. This combination of high occupancy rates, significant daily revenue, and a supportive regulatory environment makes Angel Fire an excellent choice for investors and hosts in the short-term rental sector.
Short-Term Rental Regulations in Angel Fire, New Mexico for 2024
Licensing and Registration
- Short-term rental properties must obtain a Village of Angel Fire Business Registration, which includes an annual fee.
- Property owners must also obtain a New Mexico Gross Receipts Tax number and indicate that they are engaging in short-term rental of their condominium or home.
Tax Requirements
- Collect the New Mexico Gross Receipts Tax at a rate of 7.65%.
- Collect the Angel Fire Lodger's Tax at a rate of 5%.
- Collect the Angel Fire Sports & Recreation fee at a rate of 2.4%.
Reporting and Payment
- Report the taxes collected each month by the 25th of the following month. Even if there were no rental stays, a report of $0 earnings and taxes collected must be submitted.
Compliance and Enforcement
- Ensure all taxes are collected and paid to the appropriate authorities, even if using an internet booking website or a management company.
- Comply with specific noise and parking regulations to maintain the peaceful and serene environment of Angel Fire. Non-compliance can result in fines or the revocation of the business license.
Additional Requirements
- Obtain an Angel Fire Lodger's License, which is mandatory for short-term rentals.
- Adhere to any other local regulations and ordinances to avoid penalties or fines.
Top Neighborhoods Generating Airbnb Revenue in Angel Fire, New Mexico
1. Angel Fire Resort Area
- This area is highly appealing due to its proximity to the Chile Express ski lifts and other resort amenities. Guests favor condos and cabins that are within walking distance or a short drive to the ski slopes, such as the "Cozy Condo Walking Distance to Angel Fire Ski Area" and "Mountain View Chalet, Just Steps to the Ski Lift!".
2. Chalet Complex
- Located near the main rental shop and hotel, this area is popular for its convenient access to ski rentals, dining, and other resort facilities. The "Enchanted Forest Condo" and similar units in this complex are highly rated for their amenities and location.
3. Monte Verde Lake Area
- This neighborhood attracts guests with its scenic views of Monte Verde Lake and opportunities for trout fishing, white water rafting, and other outdoor activities. The "Monte Verde Lake Lodge: Hot Tub & Near Ski Lift" is a prime example of a highly sought-after rental in this area.
4. Downtown Angel Fire
- Cabins and homes in this area are popular for their seclusion while still being close to downtown amenities. Properties like the "Rustic Cabinpool tablefire place *10 min 2 lifts" offer a mix of privacy and easy access to local activities.
5. Sangre de Cristo Mountain Range
- This area is favored for its peaceful and scenic surroundings, with chalets nestled among ponderosa pines and aspen trees. The "Cozy Chalet nestled in the Sangre de Cristo’s" is a top choice for those seeking a relaxing mountain retreat.
Why These Neighborhoods Are Appealing
- Proximity to Ski Lifts and Resort Amenities: Many guests are drawn to areas that offer easy access to ski lifts, rental shops, and other resort facilities.
- Scenic Views and Outdoor Activities: Neighborhoods with views of Monte Verde Lake or the Sangre de Cristo mountains, and opportunities for hiking, biking, fishing, and skiing, are highly attractive.
- Amenities and Comforts: Rentals that include amenities such as hot tubs, fireplaces, high-speed WiFi, and fully equipped kitchens are highly rated and sought after.
- Family and Pet-Friendly Options: Areas with rentals that cater to families and pets, such as those with fenced-in pet areas or game rooms, are particularly appealing.
- Convenience and Accessibility: Neighborhoods that offer a balance between seclusion and easy access to local amenities are favored by guests looking for a comfortable and convenient stay.
Furnishing and Design Tips for an Airbnb in Angel Fire, New Mexico
Embrace the Mountain Aesthetic
- Use Natural Materials: Incorporate elements like wood, stone, and earthy tones to reflect the natural beauty of the surrounding mountains and forests.
- Rustic Accents: Add rustic touches such as wooden beams, log furniture, and stone fireplaces to create a cozy and authentic mountain feel.
Reflect Local Culture and History
- Native American Influences: Incorporate design elements inspired by the Moache Utes, such as traditional patterns and colors, to honor the area's rich cultural heritage.
- Historical Decor: Use vintage items or decor that reflects the history of the area, such as old maps, photographs, or artifacts related to the region's past.
Capitalize on the Outdoor Lifestyle
- Large Windows and Views: Maximize natural light and take advantage of the stunning mountain views by installing large windows or sliding glass doors.
- Outdoor Spaces: Create inviting outdoor areas with patio furniture, fire pits, and BBQ facilities to encourage guests to enjoy the beautiful surroundings.
Comfort and Practicality
- High-Altitude Considerations: Ensure the space is well-insulated and heated, considering the high altitude and potential cold temperatures.
- Altitude-Friendly Amenities: Provide amenities such as humidifiers and plenty of water to help guests acclimate to the high altitude.
Local Themes and Colors
- Sunrise and Sunset Colors: Use color schemes inspired by the spectacular sunrise and sunset colors that gave Angel Fire its name, such as shades of red, orange, and pink.
- Nature-Inspired Colors: Choose a palette that reflects the natural environment, including greens, browns, and blues.
Family and Adventure Focus
- Family-Friendly Layout: Design the space to be family-friendly, with amenities like bunk beds, game tables, and storage for outdoor gear.
- Adventure Gear Storage: Provide storage for skis, bikes, and other outdoor equipment to cater to guests who come for the area's many outdoor activities.
Local Art and Crafts
- Local Artwork: Decorate the space with artwork and crafts from local artists, such as wood-fired pottery and sculptures, to add a unique and authentic touch.
- Eclectic Dining and Decor: Incorporate eclectic dining and decor items that reflect the local culture and artistic community.
Modern Amenities with a Touch of Charm
- Modern Comforts: Ensure the space includes modern comforts like Wi-Fi, smart TVs, and fully equipped kitchens while maintaining a charming, rustic ambiance.
- Cozy Textiles: Use cozy textiles such as plush blankets, rugs, and comfortable seating to create a warm and inviting atmosphere.
Discover Angel Fire, New Mexico: Local Attractions and Insider Tips
Local Attractions
Outdoor Adventures
- Angel Fire Bike Park and Ski Resort: Enjoy mountain biking with over 60 miles of trails and 2,000 vertical feet of downhill terrain. In the winter, it transforms into a ski resort.
- Nancy Burch's Road Runner Tours: Explore Carson National Forest and the Enchanted Circle on horseback, with tours ranging from 1 hour to all-day trips.
- Angel Fire Zipline Adventure Tour: Experience New Mexico’s first zipline tour, offering breathtaking views of the Sangre de Cristo mountain range.
- Monte Verde Lake: A scenic spot for relaxation and outdoor activities.
Scenic and Cultural Experiences
- Vietnam Veterans Memorial: The first memorial in the U.S. dedicated to Vietnam Veterans, featuring a chapel and a peace garden.
- Balloons Over Angel Fire: Witness high-altitude balloon launches and learn about the history of ballooning during this unique event.
- Enchanted Circle Scenic Byway: A 84-mile loop through the Carson National Forest, circling Wheeler Peak, the tallest mountain in New Mexico.
Other Attractions
- Rio Grande Gorge Bridge: Take a short detour to see one of the highest bridges in the U.S. and enjoy views of the Rio Grande River.
- Taos Pueblo: Explore this historic, multi-story adobe village, a UNESCO World Heritage Site.
- Kit Carson Home and Museum: Learn about the life of frontiersman Kit Carson in Taos.
- Cimarron Historic District: Visit well-preserved buildings from the Old West era, including the St. James Hotel.
Insider Tips
Seasonal Activities
- Summer: Enjoy golf, disc golf, tennis, pickleball, and scenic chairlift rides. Don’t miss the Balloons Over Angel Fire event.
- Winter: Experience tubing, snowshoeing, winter hiking, and horse-drawn sleigh rides with Roadrunner Tours.
Local Amenities
- Lodging: From luxury homes to traditional hotel rooms, Angel Fire offers a variety of accommodations.
- Dining: Explore locally-owned restaurants, cafes, bakeries, and coffee shops serving the best of northern New Mexico.
- Shopping: Browse through locally-owned shops where you can often meet the proprietors.
Events and Activities
- Check the Events Calendar: Stay updated with festivals, markets, and other events happening in Angel Fire and along the Enchanted Circle.
- Indoor Pool & Fitness Center: Utilize the heated indoor pool and fitness center at the Country Club for a warm and active winter experience.
Nature and Relaxation
- Monte Verde Lake: A peaceful spot for relaxation and enjoying nature.
- Scenic Chairlift Rides: Ride to the top of the mountain for panoramic views of the Sangre de Cristo mountain range.
By sharing these attractions and tips, you can help your guests make the most of their visit to Angel Fire, New Mexico.
Practical Tips to Run a Successful Short-Term Rental Business in Angel Fire, New Mexico
To ensure a successful and compliant short-term rental business in Angel Fire, New Mexico, several practical tips can be implemented:
Noise Regulations and Quiet Hours
Inform your guests about the specific noise regulations in Angel Fire to maintain the peaceful environment. Include quiet hours in your house manual and communicate them clearly in your listing and welcome message. This helps prevent noise complaints and potential fines, ensuring a serene stay for both your guests and neighbors.
Digital and Physical House Manual
Create a comprehensive digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the rules and regulations specific to Angel Fire, including the collection of taxes and the Lodger's Tax.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks and include photos to help guests navigate the property. This not only enhances guest convenience but also reduces the likelihood of check-in issues.
Parking Instructions with Photos
Ensure that your guests are aware of the parking regulations and available parking spaces by providing detailed instructions and photos. This helps avoid any confusion or potential fines related to parking violations, contributing to a smoother and more enjoyable stay for your guests.
By implementing these tips, you can optimize your short-term rental business in Angel Fire, enhance guest satisfaction, and comply with local regulations.
Here is a brief list of house cleaning, repair, or maintenance providers in Angel Fire, New Mexico:
House Cleaning Providers
- Looks Like New Cleaning & Janitorial: Offers vacation rental cleaning, janitorial cleaning, and home care services in Angel Fire and other parts of Northern New Mexico.
- Sparkling and Beyond: Provides professional move-in cleaning services for homes and businesses in Angel Fire.
- Angel Fire Cleaners: Offers cleaning services for homes, condos, offices, and construction clean-ups.
Additional Resources
For more house cleaners in the area, you can also refer to the list on Angi, which includes reviews and ratings for various house cleaning services in Angel Fire, NM.
Short-Term Rental Management Fees in Angel Fire, New Mexico
In Angel Fire, New Mexico, managing short-term rentals can incur management fees that typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle tasks such as guest communication, marketing across multiple platforms, and maintenance, usually charge fees at the higher end of this spectrum. For instance, companies like GoSummer and Resort Properties of Angel Fire may charge around 20% of the revenue, excluding cleaning fees, to provide comprehensive services including marketing, reservations, housekeeping, and accounting.
Basic services, which might only include listing and booking management, tend to be less expensive. Additionally, property owners may incur extra fees for cleaning, repairs, or design services, which can vary based on the specific needs of the property and the services offered by the management company. Overall, the choice of management service level and associated fees depends on the property owner's needs and the desired level of involvement in managing their short-term rental.