Airbnb & VRBO Performance in Eagle Vail Colorado.

Short-Term Rental Regulations in Vail and Eagle County, Colorado for 2024

Vail, Colorado

Registration and Licensing

• Short-term rental owners must register their properties with the Town of Vail prior to operation.
• A registration fee is required, with different fees for properties with and without on-site property managers ($50 for properties with on-site managers and $260 for others).

Health and Safety Standards

• Properties must comply with health and safety standards, and owners must complete a signed affidavit to this effect.
• Fire department inspections are required once every three years.

Local Representative

• Owners must appoint a local representative who is available 24/7 and within a 60-minute distance of the property. This representative must resolve complaints within specified time frames.

Insurance

• Owners must maintain a $1 million homeowner’s insurance policy that covers short-term rental activity.

Signage and Contact Information

• A sign with the local representative’s contact information, the street address of the STR, and the STR registration number must be posted inside each rental unit.

Tax Compliance

• Owners must collect and remit all applicable Town Sales and Lodging Taxes.

Violation Penalties

• Violations can result in fines, with a structure of $1,500 for the first offense, $2,650 for the second, and a three-year license suspension for the third offense.

Eagle County, Colorado

Proposed Regulations

• Eagle County is in the process of drafting new regulations, which may include:
• Registration with the county to ensure compliance with lodging tax payments and health and safety requirements.
• An annual fee of roughly $300 per unit to cover administrative costs.

Existing Practices in Unincorporated Areas

• Currently, no license is required for short-term rentals in unincorporated areas, but this is expected to change with the new regulations.

Resort Areas

• Areas like Beaver Creek and Bachelor Gulch already have their own regulations and registration processes, which may be integrated into the county’s new system.

Health and Safety

• The proposed regulations aim to ensure units comply with health and safety requirements, a primary concern for Eagle County.

Town of Eagle, Colorado

Registration and Business License

• Owners must register their short-term rentals and obtain a Town of Eagle Business License before advertising or renting their properties.

Lodging Tax

• A 6% lodging tax on gross short-term rents is required, with payments due monthly by the 10th of the following month.

Compliance and Penalties

• Failure to register and comply with regulations can result in enforcement actions and penalties.

Display of Registration

• The short-term rental registration document must be posted in a conspicuous place within the rental unit at all times.

Top Neighborhoods for Airbnb Revenue in Vail, CO, and Their Appeal

While the specific query is about Eagle-Vail, the surrounding areas of Vail, CO, provide valuable insights into the most lucrative neighborhoods for Airbnb investments, which can be extrapolated to the broader Eagle-Vail region.

Vail Village

• Appeal: Known for its luxurious living, Vail Village offers world-class amenities, including fine dining, boutique shopping, and top-rated hotels. Its proximity to Gondola One makes it a prime spot for ski enthusiasts.
• Revenue Potential: High rental demand, especially during the ski season, coupled with a vibrant nightlife and cultural events, makes Vail Village highly attractive for Airbnb investors.

Lionshead Village

• Appeal: This area is ideal for ski enthusiasts due to its proximity to the Eagle Bahn Gondola. It boasts numerous restaurants, shops, and entertainment options, creating a family-friendly and pedestrian-friendly environment.
• Revenue Potential: Strong rental market and high demand from tourists make Lionshead Village a lucrative option for Airbnb investments.

West Vail

• Appeal: West Vail offers a residential charm with easy accessibility to both Vail Village and Lionshead Village. It includes various shops, grocery stores, and restaurants, making it practical for families and long-term residents.
• Revenue Potential: While more affordable than central Vail, West Vail still benefits from its proximity to major attractions and amenities, making it a viable option for Airbnb investors.

East Vail

• Appeal: Characterized by its natural beauty and secluded setting along Gore Creek, East Vail provides a serene environment with stunning views. It is ideal for those seeking tranquility while still being close to Vail’s attractions.
• Revenue Potential: The area’s year-round appeal due to excellent hiking and outdoor activities makes it a stable choice for Airbnb investments, especially for those looking for a more relaxed atmosphere.

Why These Neighborhoods Are Appealing

• Proximity to Ski Resorts: Neighborhoods like Vail Village and Lionshead Village are highly sought after due to their close proximity to ski lifts and other winter sports amenities.
• Year-Round Activities: Vail offers a range of activities beyond skiing, including hiking trails and white-water activities in the summer, ensuring a steady stream of guests throughout the year.
• Luxurious Amenities: The presence of fine dining, boutique shopping, and top-rated hotels enhances the appeal of these neighborhoods for luxury-seeking guests.
• Family-Friendly Environment: Areas like Lionshead Village and West Vail are popular due to their family-friendly atmosphere and pedestrian-friendly design.
• High Rental Demand: The strong rental market in these neighborhoods, particularly during peak seasons, ensures high occupancy rates and significant revenue potential for Airbnb investors.

Creating an Inviting Airbnb in Eagle Vail, Colorado: Design and Furnishing Tips

Understanding the Local Style and Preferences

• Mountain-Inspired Vibe: Incorporate elements that reflect the mountainous surroundings of Eagle Vail. Use natural materials such as wood and stone to create a connection to the landscape.

Key Features and Amenities

• Outdoor Spaces: Include patios, decks, or gardens to allow guests to enjoy the scenic views and outdoor activities. Add amenities like BBQ grills, private fire pits, and hot tubs to enhance the outdoor experience.
• Modern Kitchens: Equip your property with fully-stocked, gourmet kitchens that include high-quality appliances. This is particularly appealing for families and those who enjoy cooking.
• Cozy Interiors: Use cozy textiles such as plush throws and comfortable pillows to create a welcoming atmosphere. Incorporate gas fireplaces and spacious living areas for social gatherings.

Design and Furnishing Choices

• Rustic and Modern Mix: Combine rustic elements with modern touches to achieve a balance of comfort and elegance. This can include wooden interiors, stone accents, and contemporary furniture.
• Local Artwork and Decor: Incorporate local artwork and decor to make the property feel unique and authentic to the area. This can include mountain-themed decor and local craftsmanship.

Functional Living Space

• Comfortable Furnishings: Invest in high-quality mattresses and seating to ensure guest comfort. This will lead to positive reviews and repeat bookings.
• Well-Equipped Spaces: Ensure the property has all necessary amenities such as washer/dryer units, Wi-Fi, and smart TVs to make the stay convenient and enjoyable.

Neighborhood Considerations

• Proximity to Amenities: Choose neighborhoods close to ski resorts like Vail and Beaver Creek, as well as local amenities such as the Eagle-Vail Golf Club. Areas near Nottingham Lake and the Eagle River are also highly desirable.

Seasonal Considerations

• Year-Round Appeal: Design the space to cater to both winter and summer activities. Include features like ski-in/ski-out access for winter and hiking, biking, and golfing amenities for warmer months.

By following these tips, you can create an inviting and stylish Airbnb in Eagle Vail that reflects the city's unique mountain charm and meets the expectations of discerning guests.

Discovering EagleVail, Colorado: Local Attractions and Insider Tips

Local Attractions

Recreation

• EagleVail Golf Club: An 18-hole golf course with unique fairways and stunning alpine views. Don't miss the Whiskey Hill Grill for a meal and a cold beer.
• EagleVail Community Pool: A large lap pool that hosts various events like swim teams, kayak nights, and family movie nights. Non-residents can use the pool for a small fee.
• Fishing: The Eagle River offers excellent fly fishing for rainbow and brown trout.
• Hiking:
• EagleVail Trail: A 5-mile out-and-back trail great for families and experienced hikers, with opportunities to spot wildlife.
• Eagle Valley Trail: A paved, riverside trail ideal for walking, rollerblading, biking, or strolling.

Camping

• Wolcott BLM Campground: A small, peaceful area with 6 primitive camping spots near EagleVail.
• Gore Creek Campground: A popular spot with 25 primitive back-in spots among a grove of aspens, including vault toilets and bear lockers.

Dining

• Pho Bay: Known for flavorful pho, strong Vietnamese coffee, and a friendly atmosphere.
• Route 6 Cafe: Offers all three meals daily, draft beers, and comfort foods like fish and chips, burgers, and sandwiches.
• Sauce on the Creek: Serves large portions of homemade Italian food with a wide selection of wine and spirits.

Insider Tips

Getting Around

• EagleVail is conveniently located between Avon and Vail on Interstate 70, making it easy to access nearby towns and attractions.

Nearby Attractions

• Avon: Just 2 miles away, offering additional dining, shopping, and recreational options.
• Beaver Creek: Only 4 miles away, providing access to the Beaver Creek Ski Resort and other amenities.
• Vail: 8 miles away, with a plethora of ski resorts, dining, and shopping opportunities.

Community Events

• While EagleVail itself doesn't host many annual events, the neighboring towns of Vail and Beaver Creek have numerous activities year-round.

Additional Activities

• Escape Rooms: Visit the Vail Valley Escape Room just 2 miles away for a fun and challenging experience.
• Snow Tubing: Enjoy snow tubing at Sage Outdoor Adventures, about 20 miles away.

Local Management

• The community is managed by the EagleVail Metro District (EVMD) and the EagleVail Property Owners Association (EVPOA), ensuring well-maintained amenities and services.

By sharing these local attractions and insider tips, you can help your Airbnb guests make the most of their stay in EagleVail, Colorado.

Practical Tips to Run a Successful Short Term Rental Business in Eagle Vail, Colorado

To ensure a smooth and profitable short-term rental experience in Eagle Vail, Colorado, several practical tips can be implemented. First, it is crucial to inform guests about noise regulations and quiet hours to maintain a respectful environment for both guests and neighbors. This can be included in a comprehensive digital and physical house manual that provides detailed instructions, Wi-Fi passwords, and other essential information.

A simplified check-in process can be achieved by utilizing smart locks, eliminating the need for physical keys and allowing guests to enter the property without any hassle. Additionally, providing clear parking instructions accompanied by photos can help avoid confusion and ensure a seamless arrival experience.

Other key considerations include ensuring all utilities are turned on before guests arrive, maintaining a well-cleaned and well-maintained property, and adding extra amenities such as towels and bedding to cater to last-minute requests. By adhering to local regulations, such as securing a short-term rental registration and obtaining a Town of Eagle business license, you can operate your rental legally and efficiently.

Here is a brief list of house cleaning, repair, and maintenance providers in Eagle Vail, Colorado:

House Cleaning Services

• Merry Maids of Eagle County: Offers expert cleaning services for homes in Edwards and throughout Eagle County, with 40 years of experience.
• Alpine Valley Services: Provides cleaning services along with management and maintenance for residential and commercial properties in the Vail Eagle Valley, including the Roaring Fork Valley.
• All Cleaning Services LLC: Offers housekeeping, occasional and one-time cleaning, recurring cleaning, and special event cleaning services from Glenwood Springs to Frisco, including Eagle Vail.
• Team Clean: Provides high-quality commercial and residential cleaning services in Eagle-Vail, Eagle County.

Maintenance and Repair Services

• Alpine Valley Services: In addition to cleaning, they offer management and maintenance services for residential and commercial properties.

Short-Term Rental Management Fees in Eagle Vail, Colorado

In Eagle Vail, Colorado, the fees for managing short-term rental properties typically range from 10% to 30% of the rental revenue, varying significantly based on the level of service provided. Full-service management, which includes comprehensive services such as guest communication, marketing, property inspections, maintenance, and housekeeping, tends to be on the higher end of this spectrum, often around 25% of the gross rental income.

Basic service packages, which may only include essential tasks like booking coordination and accounting, can be less expensive. Additionally, property owners may incur extra fees for specific services like deep cleaning, repairs, or design enhancements. Local regulations and taxes, such as the 6% lodging tax in the Town of Eagle, also need to be considered as part of the overall cost structure.