In Beaver Creek, Colorado, short-term rentals are thriving, with a well-established regulatory framework in place, ensuring compliance and contributing to the resort's exceptional guest and owner experience.
Thriving Short-Term Rentals in Beaver Creek, Colorado
Beaver Creek, a premier Colorado ski destination, continues to see robust performance in its short-term rental market. Despite ongoing discussions about new regulations by Eagle County, the area remains a favorite among tourists, particularly with its master-planned communities like Beaver Creek and Arrowhead that were designed to accommodate short-term rentals from the outset.
As of recent data, short-term rental units in unincorporated Eagle County, which include many in Beaver Creek, have maintained a stable presence, with approximately 3,444 units available, 49% of which are condos, and 78% having three or fewer bedrooms.
The average per-night rate for these rentals stands at around $962 as of March 2023, indicating a strong demand and healthy revenue stream for property owners. This vibrant market, coupled with the area's exceptional guest and owner experience, ensures that Beaver Creek remains a top choice for both visitors and investors in the short-term rental sector.
Short-Term Rental Regulations in Beaver Creek, Colorado for 2024
Licensing and Registration
- Owners must obtain a Lodging Beaver Creek Business License for short-term rentals.
Assessment Requirements
- Both Civic and Lodging Assessments must be submitted for short-term rentals. This includes completing the necessary assessment return forms (Civic Assessment Return Form or Lodging Civic Assessment Return Form).
Compliance Monitoring
- Beaver Creek Resort Company has engaged a monitoring company to track all short-term rentals to ensure licensing and assessment compliance.
Property Management
- If a property manager rents multiple units within the same HOA, only one business license is required for those units.
Insurance and Support
- While specific insurance requirements are not detailed for Beaver Creek, it is part of the broader regulations in similar resort areas to have adequate insurance coverage (e.g., $1 million minimum in nearby Vail).
Enforcement
- The county or resort can request vacation rental services like Airbnb and VRBO to remove listings for properties without a valid short-term rental license, although this is more specific to Summit County regulations, it reflects the broader enforcement approach in Colorado resort areas.
Health and Safety
- Regulations are in place to ensure compliance with health and safety standards, though specific details for Beaver Creek are not provided, it is a common theme in Colorado short-term rental regulations.
Community Standards
- Short-term rentals must adhere to community standards and contribute to the overall guest and owner experience, which is a key focus of the assessments and licensing requirements.
Top Airbnb Revenue-Generating Neighborhoods in Beaver Creek, Colorado
1. Beaver Creek Village
- Appeal: Located at the base of Beaver Creek Mountain, this area offers ski-in/out convenience, direct access to shopping, dining, and entertainment. Guests appreciate the luxurious amenities, such as cozy fireplaces and kitchenettes, and the prestige of one of Vail Valley’s most exclusive addresses.
2. Beaver Creek Resort Area
- Appeal: This area is highly sought after due to its proximity to championship golf courses, ski slopes, and other outdoor activities. The resort amenities, including spas, restaurants, and recreational facilities, make it an attractive destination for both winter and summer vacations.
3. Riverfront and Lake Areas
- Appeal: Properties near the river or lake in Beaver Creek offer scenic views and a tranquil atmosphere. Guests enjoy the combination of natural beauty and easy access to the resort’s amenities, making these locations highly desirable.
4. Areas with Shuttle Access
- Appeal: Neighborhoods with convenient shuttle services to the ski slopes and other resort facilities are particularly appealing. This ease of transportation enhances the guest experience, making these areas more lucrative for Airbnb hosts.
5. Luxury Residential Areas
- Appeal: Luxury residences in Beaver Creek, often featuring high-end amenities like private balconies, wine coolers, and superior chef’s kitchens, attract high-paying guests. These properties offer a luxurious stay that aligns with the upscale reputation of Beaver Creek.
These neighborhoods are highly appealing due to their combination of luxury, convenience, and access to outdoor activities, making them top generators of Airbnb revenue in Beaver Creek, Colorado.
Tips for Furnishing and Design of an Airbnb in Beaver Creek, Colorado
To create an inviting and stylish Airbnb in Beaver Creek, Colorado, consider the following tips, which align with the area's unique mountain retreat vibe:
Furniture and Decor Style
- Opt for rustic elegance with log cabin-style furniture, warm woods, and rich textures. This style complements the natural surroundings and creates a cozy yet sophisticated atmosphere.
- Incorporate natural materials such as wood and stone to reflect the area's stunning outdoor setting.
Essential Amenities
- Outdoor spaces: Ensure your property has outdoor areas like patios or decks where guests can enjoy the mountain scenery.
- Luxurious finishes: Include high-end finishes, plush textiles, and comfortable seating arrangements to meet the expectations of luxury accommodations in Beaver Creek.
- Fireplaces and hot tubs: Install gas fireplaces and provide access to hot tubs for relaxation after skiing or hiking.
Design Elements
- Earthly color palette: Use an earthy color palette that reflects the natural surroundings of the Colorado mountains.
- Local artwork and decor: Feature artwork and decor that pay homage to the stunning Colorado scenery to enhance the guest experience and provide a sense of place.
Functional Comfort
- Modern kitchens: Ensure the property has a fully-equipped kitchen, including gourmet appliances, to cater to guests who prefer to prepare their own meals.
- Spacious living areas: Provide spacious living areas that can accommodate families and groups comfortably.
Neighborhood Considerations
- Proximity to amenities: Invest in properties located near the base of the ski slopes or close to the town center, offering easy access to shops, dining, and entertainment.
Photography and Presentation
- High-quality photos: Use professional photography to showcase the property's best features. Ensure photos are well-organized and highlight the key amenities and living spaces.
- Detailed descriptions: Use captions to describe the space and its amenities clearly, helping guests understand the layout and features of the property.
Guest Comfort
- Quality bedding: Invest in high-quality bedding to ensure a comfortable and restful stay for guests.
- Cozy atmosphere: Create a warm and inviting atmosphere with elements like cozy seating areas and well-designed lighting.
By following these tips, you can create an Airbnb in Beaver Creek that is both inviting and reflective of the area's unique style, enhancing the guest experience and attracting repeat bookings.
Discovering Beaver Creek, Colorado: Local Attractions and Insider Tips
Local Attractions
Winter Activities
- Skiing and Snowboarding: Enjoy 1,832 acres of terrain with 160 trails, suitable for all skill levels. Beginners can start at Haymeadow Park, a dedicated learning area.
- Ice Rink: Located in the heart of Beaver Creek Village, perfect for a family skating session. Skate rentals are available nearby.
- Sleigh Rides and Dog Sledding: Experience a sleigh ride dinner at Beano’s Cabin or Zach’s Cabin, or try dog sledding with Alpine Adventures.
- Snowshoeing and Cross-Country Skiing: Explore 19 kilometers of trails at the Beaver Creek Nordic Center in McCoy Park.
Summer Activities
- Hiking and Mountain Biking: Use the Centennial Express Lift to access extensive trail networks. Popular hikes include the Beaver Lake Trail and Beaver Creek Overlook Trail.
- Scenic Gondola Rides: Take in spectacular views on a summer gondola ride, offering access to hiking and biking trails.
- Fly Fishing, Whitewater Rafting, and Kayaking: Enjoy trout-filled waters, rafting, and kayaking with guided trips and equipment rentals available.
- Zip Lining and Paragliding: Experience aerial adventures with Zip Adventures and Vail Valley Paragliding.
Year-Round Attractions
- Beaver Creek Village: Explore shops, restaurants, spas, and local art galleries. Enjoy the heated sidewalks and covered escalators for a comfortable stroll.
- Vilar Performing Arts Center: Catch a show at this 500-seat venue, featuring a wide variety of performance acts throughout the year.
- Beaver Creek Wonder: An artistic playground with oversized sculptures illuminated at night, along with activities like ice bikes and a giant snow globe.
- Golfing: Tee off at one of the three championship golf courses in the area.
Insider Tips
Family-Friendly Activities
- 3pm Cookie Time: Treat your guests to freshly baked chocolate chip cookies, a Beaver Creek tradition.
- Beaver Creek Ice Rink: A great spot for family ice skating sessions, with fire pits nearby for warming up.
Dining and Shopping
- Local Dining: Recommend fine dining at the Park Hyatt or casual options like Blue Moose Pizza. Suggest a sleigh ride dinner at Beano’s Cabin or Zach’s Cabin for a unique experience.
- Shopping: Point out popular brands like Patagonia and The North Face, as well as local outfitters like Base Mountain Sports.
Seasonal Events
- Birds of Prey Men’s World Cup: Inform guests about this premier ski event in December if they are visiting during that time.
- Winter on the Mountain Kickoff Party: If guests are arriving in late November, suggest attending this festive event to kick off the winter season.
Practical Information
- Parking and Transportation: Advise guests to use the Ford Hall Garage or the complimentary shuttle services from the Bear and Elk parking lots.
- Equipment Rentals: Recommend renting bikes at Beaver Creek Sports or ski/snowboard equipment at various rental shops in the village.
By providing these local attractions and insider tips, you can enhance your guests' experience and ensure they make the most of their visit to Beaver Creek, Colorado.
Practical Tips to Run a Successful Short Term Rental Business in Beaver Creek, Colorado
To ensure a smooth and profitable short-term rental business in Beaver Creek, Colorado, several key practices are essential. First, it is crucial to inform guests about the local noise regulations, including quiet hours, to maintain good relationships with neighbors and avoid fines. Creating a comprehensive digital and physical house manual is also vital; this should include instructions on how to use appliances, Wi-Fi passwords, and other essential information to enhance the guest experience.
A simplified check-in process can significantly improve guest satisfaction. Utilizing smart locks eliminates the need for physical key exchanges and provides guests with immediate access to the property. Additionally, providing detailed parking instructions accompanied by photos can help guests navigate the often complex parking arrangements in the area.
By adhering to these tips, hosts can ensure compliance with local regulations, enhance guest comfort, and ultimately drive positive reviews and repeat bookings in this competitive and highly regulated market.
Here is a brief list of house cleaning, repair, or maintenance providers in or around Beaver Creek, Colorado:
Team Clean
- Provides residential and commercial cleaning services, including janitorial services, carpet cleaning, and snow removal. They serve the Beaver Creek area and are OSHA certified, adhering to CDC sanitization guidelines.
Sweeping Change Vail
- Although based in Vail, they offer services from East Vail to Gypsum, which may include the Beaver Creek area. They specialize in both residential and commercial cleaning services and are fully licensed, bonded, and insured.
East West Hospitality
- While primarily focused on property management, they offer comprehensive housekeeping and engineering services, including regular residence inspections and administrative support. Their services are geared towards property managers but could be relevant for homeowners in Beaver Creek as well.
Managing Short-Term Rentals in Beaver Creek, Colorado: Fees and Services
In Beaver Creek, Colorado, managing short-term rentals involves a range of fees that can vary significantly based on the level of service provided. Typically, management fees for short-term rentals range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often around 20-30% of the gross rental income.
Basic services, which may only include essential tasks like booking management and light maintenance, can be less expensive. Additionally, property owners may incur extra fees for cleaning, repairs, and design or amenities enhancements. For instance, some management companies charge a separate cleaning fee, and there may be annual fees for programs like duvet replacements or lightbulb and battery maintenance.
It is also important for property owners to comply with local regulations, including obtaining a Lodging Beaver Creek Business License and paying Civic and Lodging Assessments, which are mandatory for short-term rentals in the area.