Airbnb & VRBO Performance in Sliverthrone Colorado.

Short-Term Rental Regulations in Silverthorne, Colorado for 2024

Licensing Requirements

• A valid short-term rental license is required for each short-term rental property. Licenses are non-transferable and non-refundable in the event of property sale.
• Licenses must be renewed on an annual basis.

Zoning and License Caps

• Area 1: Allows 10% of properties to obtain a short-term rental license. As of October 2024, 191 licenses have been issued out of a maximum of 215.
• Area 2: Allows 50% of properties to obtain a short-term rental license. As of October 2024, 216 licenses have been issued out of a maximum of 526.
• Area 3: No short-term rental licenses are allowed due to deed restrictions.

Application and Documentation

• Owners must file a short-term rental license application and provide written notice to the owner of the adjacent unit if the property is part of a duplex.
• Owners must read and sign the Good Neighbor Guidelines and submit a sworn affidavit certifying compliance with health and safety standards.

Responsible Agent

• Each owner must name a Responsible Agent who must resolve complaints within 60 minutes, or 30 minutes if the complaint occurs between 11:00 PM and 7:00 AM.

Occupancy Limits

• Maximum occupancy is two people per bedroom plus two people. The number of bedrooms is determined by the Summit County Assessor’s Office.

Advertising and Taxes

• The license number must be displayed in all advertising for the property.
• Homeowners must collect an 8.0% lodging tax.

Fees

• License fees vary by the number of bedrooms:
• Studio: $150
• One Bedroom: $200
• Two Bedrooms: $250
• Three Bedrooms: $300
• Four Bedrooms: $350
• Five Bedrooms: $450
• Six or more Bedrooms: $500.

Compliance and Enforcement

• The Town can request vacation rental services like Airbnb and VRBO to remove listings for properties without a valid short-term rental license.
• Compliance with all regulations is mandatory, and violations can result in license suspension or revocation.

Additional Requirements

• Individual homeowner associations may have additional requirements, restrictions, and covenants related to short-term rentals.
• Deed-restricted properties are prohibited from being rented on a short-term basis.

Top Neighborhoods for Airbnb Revenue in Silverthorne, Colorado

Why These Neighborhoods Are Appealing

Silverthorne, located in Summit County, Colorado, is a popular destination for short-term rentals due to its proximity to several ski resorts and outdoor recreation areas. Here are some of the top neighborhoods and areas that generate significant Airbnb revenue in Silverthorne:

1. Downtown Silverthorne

• Appeal: Downtown Silverthorne offers easy access to shops, restaurants, and entertainment. Guests can enjoy the local amenities and the convenience of being close to the town's central area.
• Revenue Potential: Properties in this area tend to have high occupancy rates due to their central location, making them highly profitable for hosts.

2. Fourth Street Crossing

• Appeal: This area is known for its upscale townhomes and amenities such as private hot tubs and stylish interiors. It is close to the town center and offers a luxurious stay for guests.
• Revenue Potential: Listings in this area, such as the Fourth Street Crossing Whitewater and Traverse Townhomes, show high revenue potential and occupancy rates, often exceeding $12,000 in annual revenue.

3. Keystone and Copper Mountain Proximity

• Appeal: Being close to Keystone and Copper Mountain ski resorts makes these areas highly attractive for skiers and outdoor enthusiasts. Guests can easily access world-class skiing and other mountain activities.
• Revenue Potential: The demand for short-term rentals near these resorts is high, especially during peak ski seasons, leading to significant revenue for hosts.

4. Breckenridge and Frisco Vicinity

• Appeal: Although technically in neighboring towns, properties near Breckenridge and Frisco are often managed by Silverthorne-based hosts and attract guests due to their proximity to these popular ski destinations.
• Revenue Potential: These areas benefit from the spillover demand from Breckenridge and Frisco, ensuring high occupancy rates and revenue for hosts.

5. Dillon and Leadville Vicinity

• Appeal: These areas offer a more laid-back atmosphere while still being close to outdoor recreation opportunities. Guests can enjoy the scenic views and quieter environment.
• Revenue Potential: Properties in these vicinities can generate substantial revenue, especially during peak travel seasons, due to their scenic appeal and accessibility to various outdoor activities.

These neighborhoods are appealing to guests due to their combination of convenience, luxury, and access to outdoor recreation, making them highly profitable for Airbnb hosts in Silverthorne.

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

Tip #1: Embrace Mountain Modern Aesthetics

• Incorporate natural materials such as wood and stone to reflect the mountainous surroundings of Silverthorne.
• Use mountain-modern furniture, which often includes elements like wood floors, rock sinks, and vintage photos to create a cohesive and inviting atmosphere.

Tip #2: Select a Cohesive Color Palette

• Choose an earthy color palette that complements the natural beauty of the area. Opt for colors that evoke a sense of tranquility and connection to nature.
• Consider a high contrast color palette with metallic accents for a modern and chic look, or stick to lighter, cooled tones for a more serene feel.

Tip #3: Add Cozy Textiles and Lighting

• Incorporate plush textiles such as soft pillows, throw blankets, and cozy rugs to create a warm and inviting space.
• Use warm lighting to enhance the cozy atmosphere, especially during the colder months. This can include fireplaces, which are highly sought after by guests.

Tip #4: Incorporate Functional and Stylish Furniture

• Ensure your furniture is both comfortable and functional. Add accent chairs, poufs, or benches to provide additional seating.
• Opt for durable and stylish furnishings that reflect the comfort standards guests expect from a premium rental.

Tip #5: Highlight Outdoor Spaces

• Since Silverthorne is known for its scenic views and outdoor recreational activities, make the most of outdoor spaces such as balconies, patios, or yards.
• These areas should be well-furnished and maintained to provide guests with a seamless transition between indoor and outdoor living.

Tip #6: Add Unique and Local Touches

• Incorporate local artwork and decor to give guests a sense of place and connection to the community.
• Consider adding unique features like game rooms, wet bars, or sunrooms to differentiate your space and enhance the guest experience.

Tip #7: Ensure Ample Storage and Organization

• Add stylish hooks, luggage racks, and storage benches to keep the space organized and clutter-free.
• Use bins and baskets to create unexpected hideaways and maintain a tidy environment.

Tip #8: Prioritize Modern Amenities

• Invest in modern amenities such as high-quality bedding, upscale kitchenware, and smart technology to improve the overall guest experience.
• These upgrades can justify higher nightly rates and attract more discerning guests.

Discover Silverthorne, Colorado: Local Attractions and Insider Tips

Outdoor Adventures

Hiking and Biking

• Blue River Trail: A popular paved path connecting Silverthorne to Dillon, Keystone, Frisco, and Breckenridge, ideal for hikers and bikers.
• Ptarmigan Trail: A 4.6-mile moderate hike with a 1,141-foot elevation gain, offering scenic views.
• B&B to Reiling Dredge to Minnie Mine Trail: A 3-mile loop hike through old mining areas and scenic landscapes.

Water Activities

• Blue River: Excellent for fly-fishing, rafting, and stand-up paddleboarding. Guided rafting trips are available for all skill levels.
• Dillon Reservoir: Rent water toys like pontoon boats, paddleboards, and sailboats in the summer, or go ice-fishing in the winter.

Winter Sports

• Skiing and Snowboarding: Silverthorne is close to renowned ski resorts like Breckenridge, Keystone, Copper Mountain, Loveland, and Arapahoe Basin.
• Cross Country Skiing: The Silverthorne Nordic Center at the Raven Golf Club and the Mesa-Cortina Trail to South Willow Creek Falls offer great cross-country skiing routes.
• Snowshoeing: Explore quiet mountain trails inaccessible by snowmobiles or cross-country skiers.

Local Parks and Facilities

North Pond Park

• A year-round attraction with walking trails, ice skating (seasonal), osprey nests, and mountain wetlands.

Rainbow Park

• A 7-acre park featuring tennis courts, basketball courts, sand volleyball courts, a skate park, and picnic shelters.

Silverthorne Recreation Center

• A year-round facility with gyms, pools, an indoor track, racquetball courts, and fitness equipment.

Shopping and Culture

Outlets at Silverthorne

• A shopping complex with over 70 name-brand stores offering deep discounts.

Silverthorne Performing Arts Center

• Hosts live performances, outdoor musicals, and other cultural events.

Local Art and Festivals

• Silverthorne Fine Arts Festival: A weekend event featuring various types of art, food, and live music. Many artworks are available for purchase.
• Public Art Displays: Take a walking tour to explore the town’s public-art displays.

Dining and Nightlife

Angry James Brewery

• A local favorite brewery with a lively atmosphere, serving food from Cultivate Kitchen and offering a variety of local beers.

Historic Mint Steakhouse

• Known for its excellent dining experience and historic ambiance.

Insider Tips

• Seasonal Activities: Check the seasonal availability of activities like ice skating at North Pond Park and cross-country skiing at the Silverthorne Nordic Center.
• Gear Rentals: For cross-country skiing and snowshoeing, gear rentals are available at the nearby Frisco Nordic Center.
• Guided Tours: Book guided rafting trips, dog sledding, and other activities in advance as they fill up quickly.
• Local Events: Plan your visit around events like the Silverthorne Fine Arts Festival and Breckenridge Oktoberfest for a more vibrant experience.

By providing these tips and attractions, you can ensure your Airbnb guests have a comprehensive and enjoyable experience in Silverthorne, Colorado.

Practical Tips to Run a Successful Short-Term Rental Business in Silverthorne, Colorado

To ensure a smooth and profitable short-term rental business in Silverthorne, Colorado, several key practices can be implemented:

Noise Regulations and Guest Communication

Inform your guests about the strict noise regulations in Silverthorne, particularly the requirement for a Responsible Agent to resolve complaints within 60 minutes, or 30 minutes between 11:00 PM and 7:00 AM. Clearly communicate quiet hours and the consequences of noise violations to maintain a good neighborly environment.

Comprehensive House Manual

Create both digital and physical house manuals that include essential instructions, Wi-Fi passwords, and other important details. This manual should cover everything from appliance usage to emergency contact information, ensuring guests have all the information they need at their fingertips.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos and videos to help them navigate any specific steps or features of the property.

Parking Instructions

Include clear parking instructions with photos in your house manual to avoid any confusion. This is particularly important in areas where parking is limited or has specific regulations, helping to prevent guest frustration and potential fines.

By implementing these practical tips, you can enhance the guest experience, reduce potential issues, and maintain compliance with Silverthorne's short-term rental regulations.

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

House Cleaning Services

Team Clean

• Provides residential and commercial cleaning services on weekly, bi-weekly, monthly, and custom schedules.
• Uses professional-grade disinfectants and equipment.
• Offers additional services like snow removal and janitorial services.

Exclusive Cleaning and Restoration

• Offers cleaning services for residential, commercial, and vacation rental properties.
• Specializes in deep cleans, move-in/move-out cleans, construction clean-ups, and more.
• Provides carpet, tile, granite, upholstery, and mattress cleaning.

A&A Summit Cleaning Services

• Provides home cleaning services on a one-time or weekly schedule.
• Also offers commercial cleaning services.
• Known for thorough cleaning and customer satisfaction.

Summit Executive Cleaning

• Focuses on vacation rentals and commercial properties.
• Offers premier cleaning and maintenance services with real-time staff updates and guaranteed quality.
• Provides additional services like linen and supply provision, security checks, and maintenance tasks.

Cleaning Management

• Specializes in cleaning owner-managed vacation rental properties.
• Offers a full line of vacation rental cleaning services with a fully trained staff.
• Serves areas including Keystone, Dillon, Frisco, Breckenridge, and Copper Mountain.

Short-Term Rental Management Fees in Silverthorne, Colorado

In Silverthorne, Colorado, the management fees for short-term rentals can vary significantly based on the level of service provided. Typically, these fees 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 25-30% of the rental income. In contrast, basic services that may only include property upkeep and minimal guest support can be more affordable, usually around 10-15%. 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 in Silverthorne.