In Lyons, Colorado, short-term rentals are thriving, with an average 51% occupancy rate, a $260 daily rate, and $26,960 in monthly revenue, indicating a robust and lucrative market for hosts and investors.
Thriving Short-Term Rentals in Lyons, Colorado: A Booming Tourism Sector
Lyons, Colorado, is experiencing a robust performance in its short-term rental market, contributing significantly to the local tourism and economy. As of the latest data, short-term rentals in Lyons boast an impressive average occupancy rate of 51%, indicating a high demand for these accommodations. The average daily rate stands at $260, with monthly revenues averaging $26,960. This strong performance is further highlighted by a 3% increase in total available listings and an 8% growth in active listings over the past year. These metrics underscore the attractiveness and viability of short-term rentals in Lyons, making it an excellent destination for both visitors and investors.
Short-Term Rental Regulations in Lyons, Colorado for 2024
Licensing Requirements
- To be eligible for a short-term rental license, the premises must be either the principal residence of the owner or a residential unit in a commercial district (zoning districts C, CEC, or CD) where a business representative is on-site during normal business hours.
Eligibility Criteria
- The owner must occupy the principal residence for at least nine months per calendar year if it is their primary residence.
Application and Documentation
- The owner must submit the required application form, safety certification form, and associated fees.
- The owner must self-certify that design and safety standards are met.
Tax Obligations
- The owner must obtain a Colorado sales tax license and collect, report, and pay sales tax. Alternatively, they can have a third-party agency (e.g., Airbnb) collect, report, and pay sales tax on their behalf.
- A lodging occupancy tax of 5% per night per occupied lodging room or accommodation is required, with monthly tax reports due by the 20th of each month.
Operational Restrictions
- Short-term rentals are permitted in specific zone districts: A-1, A-2, E, EC, R-1, R-2, C, CD, and CEC.
- Accessory Dwelling Units (ADUs) or other detached accessory structures cannot be used for short-term rentals.
- RVs, campers, tents, or other temporary structures cannot be used as short-term rentals.
Occupancy Limits
- No more than two adults per bedroom or sleeping room, with a maximum of eight overnight guests, unless a greater occupancy limit is approved by conditional use review.
Safety and Amenities
- The property must meet safety standards, including the presence of operational smoke detectors, carbon monoxide detectors, and fire extinguishers.
Good Neighbor Guidelines
- Owners are encouraged to follow the Good Neighbor Guidelines as a general code of conduct to ensure that the impacts of short-term rentals do not adversely affect residents and the character of the neighborhood.
Renewal and Compliance
- Licenses must be renewed, and the owner must keep all property management and responsible agent information updated with the Town.
- Monthly lodging occupancy tax reports are required, even if reporting a $0 amount.
High-Revenue Neighborhoods for Airbnb in Lyons, Colorado
Neighborhoods Generating Significant Airbnb Revenue
In Lyons, Colorado, several neighborhoods stand out for their potential to generate substantial revenue through Airbnb, largely due to their appealing features and proximity to local attractions.
1. Waterfront and Mountain View Areas
These neighborhoods are highly coveted due to their scenic views of the Rocky Mountains and proximity to water bodies like Silver Lake. Guests are attracted to properties that offer outdoor spaces for socializing, hot tubs, and lakeside or mountain views, which enhance their stay and provide a relaxing atmosphere.
2. Areas Near Hiking Trails and Local Attractions
Neighborhoods close to hiking trails, local eateries, and other key attractions are particularly appealing. These locations offer guests easy access to outdoor recreational activities such as hiking and fishing, as well as the charm of local community events and festivals.
3. Charming Aesthetic Neighborhoods
Areas that maintain a charming aesthetic, blending rustic and modern themes, are highly sought after. These neighborhoods provide a unique and inviting atmosphere, with features like wooden furniture, muted color palettes, and warm textiles that reflect the local mountain living style.
Why These Neighborhoods Are Appealing
- Natural Beauty and Outdoor Activities: Proximity to the Rocky Mountain National Park, hiking trails, and other outdoor recreational activities makes these neighborhoods highly attractive to guests seeking adventure and natural beauty.
- Local Events and Community Charm: Seasonal festivals and local farmer's markets allow guests to immerse themselves in the community's charm, adding to the appeal of these neighborhoods.
- Amenities and Comfort: Properties in these areas often include amenities such as fully equipped kitchens, cozy fireplaces, and outdoor spaces, which enhance guest comfort and satisfaction.
- Accessibility and Convenience: Locations near key attractions and local amenities make it convenient for guests to explore the area, further boosting the appeal of these neighborhoods.
Tips for Furnishing and Designing an Inviting Airbnb in Lyons, Colorado
Define Your Property's Aesthetic
- Align your furniture and decor with the natural beauty and rustic charm of Lyons, Colorado. Incorporate elements such as wood, stone, and earthy colors to create a cozy and inviting atmosphere.
Choose Timeless and Durable Furniture
- Opt for sturdy, easy-to-clean furniture that can withstand the wear and tear of frequent guests. Consider sofas with washable covers, solid beds with storage, and dining tables that are resistant to wear.
Utilize Smart Storage
- Incorporate smart storage solutions like beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and functional.
Enhance with Mirrors and Lighting
- Use mirrors to make the space feel bigger and brighter. Ensure there are plenty of natural light sources and add lighting fixtures that complement the natural ambiance.
Incorporate Local and Natural Elements
- Add local artwork, vintage elements, and natural materials to reflect the unique style of Lyons. This can include mountain-inspired decor and rustic accents.
Provide Essential Amenities
- Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Also, provide a hairdryer, basic toiletries, and a first-aid kit to enhance guest comfort.
Consider Accessibility
- Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
Optimize for Functionality
- Choose space-saving furniture with big functionality, such as sofa beds, folding tables, or ottomans with hidden storage compartments. This allows you to transform the layout according to your guests' needs.
Maintain Consistency
- Stick to your theme and ensure consistency in your decor choices. For example, use the same brand of white linens to maintain a hotel-like feel.
Plan for Seasonal Updates
- Update your furniture during the off-season or plan short gaps between bookings for minor updates to minimize disruption and keep your place in top shape for guests.
Focus on Guest Comfort
- Ensure high-quality, durable towels and linens are provided. Offer comfy, lightweight chairs and a full-length mirror with a power socket nearby for hair dryers and straighteners.
Create Inviting Outdoor Spaces
- If possible, include outdoor spaces such as decks or patios with scenic views to enhance the guest experience and provide areas for relaxation and entertainment.
Discovering Lyons, Colorado: Local Attractions and Insider Tips
Local Attractions
Outdoor Adventures
- Heil Valley Ranch and Rabbit Mountain: Explore the extensive trail network for hiking and mountain biking.
- Lyons Whitewater Park: Enjoy tubing and kayaking on the St. Vrain River, featuring pools and eddies.
- North St. Vrain Creek: Cool off with a float or kayak trip down the calm waters of the creek.
- Roosevelt National Forest: Access prime hiking, mountain biking, trout fishing, and camping opportunities.
- Brainard Lake Recreation Area: Experience stunning mountain scenery and blue waters.
Parks and Recreation
- LaVern M. Johnson Park: Ice skate in winter, use the splash pad in summer, and enjoy camping facilities.
- Dirt Jump Bike Track: A unique pump track made from natural materials for mountain bikers.
- Meadow Park and Sandstone Park: Enjoy picnics, summer concerts, and other community events.
Cultural and Historical Sites
- Lyons Redstone Museum: Learn about the town's history in the 1881 schoolhouse, now a museum with free admission.
- Designated Historic District: Explore 15 sandstone structures listed in the National Register of Historic Places.
Music and Arts
- Planet Bluegrass: Attend iconic music festivals like RockyGrass and Rocky Mountain Folks Festival, or enjoy year-round concerts.
- Lyons Studio Tour: Visit local artists' home studios and shops during this annual event.
- Public Art Installations: Discover sculptures and other art pieces made from local sandstone throughout the town.
Dining and Breweries
- Oskar Blues Grill & Brew: Enjoy nationally loved beers and live music performances.
- Local Restaurants and Coffeehouses: Experience live music and local cuisine at various eateries.
Insider Tips
Seasonal Activities
- Summer: Don't miss the Lyons Outdoor Games, summer concerts in Sandstone Park, and the Lyons Studio Tour.
- Winter: Participate in or spectate the Old Man Winter mixed-terrain biking and running event, or join the Lyons Polar Bear Club's polar plunge.
Local Events
- RockyGrass and Rocky Mountain Folks Festivals: Camp onsite and enjoy these iconic music festivals.
- September Artisan Market and Halloween Spooktacular: Check the town's event calendar for these and other community events.
Practical Information
- Visitor Center: Visit the center in Sandstone Park for information on Rocky Mountain National Park, local events, and area maps.
- Creek Conditions: Check the conditions of North St. Vrain Creek before tubing or kayaking to ensure safety.
Community Engagement
- Porch Pickin’ Sessions: Keep an ear out for impromptu live music sessions by local musicians.
- Community Concerts and Dances: Join in on weekly summer concerts and square dances by the Red Rock Ramblers.
Practical Tips to Run a Successful Short Term Rental Business in Lyons, Colorado
To ensure the success of a short-term rental business in Lyons, Colorado, several practical tips can be implemented. First, it is crucial to adhere to and inform guests about local noise regulations, including quiet hours, to maintain a good relationship with neighbors and comply with the town's ordinances. Creating a comprehensive digital and physical house manual is also essential; this should include detailed instructions, Wi-Fi passwords, and other pertinent information to make guests' stays seamless and enjoyable.
A simplified check-in process can significantly enhance the guest experience. Utilizing smart locks eliminates the need for physical key exchanges, allowing for contactless and keyless entry. Additionally, providing clear parking instructions accompanied by photos can help avoid confusion and ensure that guests park in the designated areas.
By focusing on these aspects, you can enhance guest satisfaction, reduce potential issues, and ensure your short-term rental business in Lyons operates smoothly and profitably. Moreover, staying updated with local regulations, such as obtaining the necessary short-term rental licenses and reporting lodging occupancy taxes, is vital for compliance and long-term success.
Here is a brief list of house cleaning providers in Lyons, Colorado:
House Cleaning Providers in Lyons, CO
Maid For You Eco House Cleaning
- Specializes in high-quality cleaning services in Lyons and the areas surrounding Boulder. They have been in business for over 20 years.
Cleaning Fairies
- Provides reliable, high-quality residential and commercial cleaning solutions in Lyons, CO.
Eleg Maid Service
- Offers comprehensive cleaning for a spotless home with a dedicated team in Lyons, Colorado.
Top-Rated Cleaning Services on HomeAdvisor
- A list of top-rated cleaning services experts in Lyons, CO, with real reviews and ratings available.
House Cleaners Listed on Angie's List
- A list of the top 10 best house cleaners in Lyons, CO, with real reviews and ratings.
Short-Term Rental Management Fees in Lyons, Colorado: A Breakdown of Costs
In Lyons, Colorado, 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, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often falling between 20% to 30% of the rental income.
Basic or a la carte services, which may only include specific tasks like booking coordination or accounting, can be less expensive, usually ranging from 10% to 20%. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements, which can further impact the overall cost of managing a short-term rental property. Understanding these fee structures is crucial for property owners to effectively manage their expenses and optimize their rental income.