Airbnb & VRBO Performance in Vail Colorado.

Short-Term Rental Regulations in Vail, Colorado for 2024

Registration and Licensing

• Short-Term Rental Registration: Anyone renting their property for less than 30 consecutive days must obtain a short-term rental registration from the Town of Vail.
• Registration Fee: A fee of $50 for properties with on-site property managers and $260 for all others.
• Business License: Property managers must obtain a separate business license.

Compliance Requirements

• Signed Affidavit: Submit a signed affidavit acknowledging compliance with life safety, parking, trash, and noise regulations.
• Local Representative: Designate a local property contact within a 60-minute distance of the short-term rental unit, available 24/7 to respond to complaints.
• Health and Safety Standards: Maintain health and safety standards, and undergo fire department inspections once every three years.

Tax and Financial Obligations

• Sales and Lodging Taxes: Collect and remit all applicable Town sales and lodging taxes.
• Insurance: Maintain a $1 million homeowner’s insurance policy covering short-term rental activity.

Operational Requirements

• Signage: Post a sign with the local representative’s contact information, the street address of the STR, and the STR registration number.
• Advertising: Include the registration number in all advertising of the STR.

Compliance and Enforcement

• Complaint Resolution: The local representative must resolve complaints within 60 minutes, or 30 minutes if the issue occurs between 11 PM and 7 AM.
• Fines and Penalties: Violations can result in fines ranging from $1,500 for the first offense to $2,650 for the second offense, and a three-year license suspension on the third offense.

Additional Considerations

• Notification of Adjoining Units: Provide proof of notification to adjoining residential units if applicable.
• HOA and Lease Compliance: Comply with other contracts or rules such as leases, condo board or co-op rules, and HOA rules.

Potential Future Regulations

• Ownership Period: There is a proposal to require two years of ownership before being able to apply for a short-term rental license, particularly for properties outside the village core.
• License Caps: A potential cap on the number of short-term rental licenses outside of the village core is being discussed.

Top Neighborhoods Generating Airbnb Revenue in Vail, Colorado

1. East Vail

• Appeal: East Vail is highly appealing due to its proximity to Vail Village and the ski resort. Many rentals, such as the "Cozy East Vail Condo On Gore Creek" and "East Vail Condo steps from Hot Tub/Pool on Busline," offer easy access to the free bus service, which connects guests to the heart of Vail.
• Amenities: These condos often feature modern amenities, including gourmet kitchens, fireplaces, hot tubs, and pools, making them attractive for both winter and summer visitors.

2. Vail Village

• Appeal: Vail Village is a central and desirable location, offering immediate access to shops, restaurants, and the ski resort. Rentals like "Vail's Multi-Million-Dollar Mansion Masterpiece" and "The Penthouse in Vail Village by Vail Butler" provide luxurious experiences with ski-in/ski-out capabilities and stunning mountain views.
• Amenities: Guests can enjoy high-end amenities, including state-of-the-art kitchens, private hot tubs, and panoramic views of the Rocky Mountains.

3. Booth Creek Trail Area

• Appeal: This area is popular for its scenic beauty and convenient location. Rentals such as the "Vail Condo w/ Mtn View Deck - Steps to Ski Shuttle" and the "3Bed/2Bath Townhouse in Vail" offer stunning mountain views, proximity to the Booth Falls hiking trailhead, and easy access to the free bus service.
• Amenities: These properties often include features like private decks overlooking Gore Creek, wood-burning fireplaces, and heated floors, enhancing the guest experience.

4. Cascade Village

• Appeal: Cascade Village is another sought-after area due to its proximity to world-class ski slopes and year-round outdoor recreation. Rentals like "Marriott's Streamside Birch 1BD" provide guests with access to amenities such as pools, hot tubs, and fitness centers, as well as being close to shopping and dining options.
• Amenities: Guests can enjoy a range of activities, including skiing, hiking, rafting, and shopping, all within a short distance from their accommodation.

5. Avon and Beaver Creek Adjacent Areas

• Appeal: While not directly in Vail, areas like Avon and Beaver Creek are close enough to attract Vail-bound guests. Rentals such as the "Riverside | Beaver Creek 5min | Walk>Dining-Shops" in Edwards offer a convenient location with easy access to Beaver Creek and Vail, along with amenities like heated garages, gas fireplaces, and BBQ grills.
• Amenities: These properties often include luxurious features such as private hot tubs, high-speed WiFi, and pet-friendly policies, making them appealing for a variety of travelers.

Tips for Furnishing and Design of an Airbnb in Vail, Colorado

To create an inviting and uniquely styled Airbnb in Vail, Colorado, consider the following tips:

Emphasize Local and Natural Elements

• Incorporate natural materials such as wood and stone to reflect the area's stunning outdoor setting.
• Use mountain-themed elements and rustic designs to create a cozy and inviting atmosphere.

Modern and Contemporary Touches

• Blend modern mountain design with contemporary and natural elements. This can include floor-to-ceiling windows, bold steel beam accents, and elegant neutral finishes.
• Incorporate stylish, contemporary furniture to improve aesthetic appeal and guest comfort.

Amenities and Features

• Include amenities such as hot tubs, gas fireplaces, and BBQ grills to enhance the guest experience and attract more discerning guests.
• Ensure high-quality linens, cozy seating areas, and thoughtful decor to create a welcoming atmosphere.

Unique Views and Outdoor Spaces

• Highlight unique views, especially of the mountains, to significantly enhance the attractiveness of the listing.
• Provide outdoor spaces such as patios or gardens, allowing visitors to enjoy the beautiful Colorado weather.

Family and Activity-Friendly

• Design spaces that are family-friendly, including spacious living areas and amenities like outdoor movie screens or game rooms.
• Offer proximity to hiking trails, parks, and other outdoor recreational opportunities to attract active families and couples.

Attention to Detail

• Pay attention to the details such as splash walls behind beds, modern artwork, and local decor to create a unique and inviting space in each room.
• Ensure that the design and furnishings align with the local vibe and community feel of Vail.

Neighborhood Considerations

• Choose locations that are convenient and scenic, such as areas near the Flatirons Vista Trail or in neighborhoods like Rock Creek and Town Center.
• Consider the specific design styles popular in different neighborhoods, such as modern, rustic, and mountain-themed elements.

Guest Experience

• Create an experience that guests will remember, such as providing access to amenities like recreation centers, pools, and ski-in/ski-out facilities.
• Ensure that the space is well-maintained and clean, with features like self-check-in and laptop-friendly workspaces to enhance guest convenience.

Discover Vail, Colorado: Local Attractions and Insider Tips for Your Guests

Winter Attractions

Vail Snow Days

• A festive celebration marking the start of the winter season, featuring live concerts, après ski parties, and village events.

Skiing and Snowboarding

• Vail Ski Resort offers over 5,300 skiable acres with trails for all skill levels. Don't miss the legendary Back Bowls and Blue Sky Basin.

Ice Skating

• Enjoy ice skating in the town centers and villages, surrounded by twinkling lights and wintry scenery.

Snowmobiling Adventures

• Explore the alpine wilderness of Vail Pass with guided snowmobile tours, a great way to experience the backcountry.

Nordic Skiing and Snowshoeing

• Traverse through pristine wilderness on cross-country skiing and snowshoeing trails, offering peaceful and invigorating experiences.

Summer Attractions

Scenic Gondola Rides

• Take a gondola ride up the mountain for panoramic views of the Rockies. Book tickets in advance as it's a popular activity.

Mountain Biking

• Explore the high Rockies on mountain biking trails. Rentals are available in town, and check with the Vail Valley Mountain Trail Alliance for trail maps and conditions.

Whitewater Rafting

• Experience thrilling rafting adventures on nearby rivers and streams, suitable for various skill levels.

Hiking and Biking Trails

• Vail offers numerous scenic trails for hiking and biking, including the Gore Creek Path and challenging treks like Booth Falls Trail.

Epic Discovery

• A family-friendly destination on Vail Mountain featuring zip-lining, alpine coasters, ropes courses, and bungee trampolines.

Year-Round Attractions

Vail Village

• Stroll through the pedestrian-friendly village, enjoy shopping, dining, and a lively après ski scene in the winter or a relaxed summer atmosphere.

Gerald R. Ford Amphitheater

• Attend free weekly Hot Summer Nights concerts, classical music performances, and other cultural events at this outdoor venue.

Betty Ford Alpine Gardens

• Visit the highest botanical garden in the world, featuring beautiful exhibits, tours, and workshops.

Vail Farmers' Market and Art Show

• Explore this lively market from June to October, showcasing local produce, artisanal products, and handmade crafts.

Nature Discovery Center

• Located at the top of Vail Mountain, this center offers local natural history exhibits, interpretive programs, hikes, and tours.

Insider Tips

Dining

• Recommend dining at one of the dozen restaurants located on top of the ski lifts and gondolas for a unique mountain dining experience. Check for seasonal hours.

Shopping

• Point guests towards the charming European-style shopping centers in Lionshead Village and Vail Village for unique boutique shops and outdoor equipment outfitters.

Local Events

• Inform guests about upcoming events such as the Vail Jazz Festival, GoPro Mountain Games, and Bravo Vail Music Festival for a rich cultural experience.

Outdoor Gear Rentals

• Suggest using on-site rental shops like Vail Sports for ski, snowboard, and bike rentals to ensure guests are well-equipped for their adventures.

Scenic Drives

• Recommend a scenic drive through Vail Pass for breathtaking views, especially stunning in the winter months.

By sharing these attractions and tips, you can enhance your guests' experience and help them make the most of their visit to Vail, Colorado.

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

To ensure a smooth and enjoyable experience for both guests and neighbors in Vail, Colorado, several practical tips can be implemented for a successful short-term rental business.

Noise Regulations and Quiet Hours

Inform your guests about the noise regulations and quiet hours in Vail. According to local rules, tenants of short-term rentals must adhere to specific noise guidelines to avoid complaints from neighboring homes. Include this information in your welcome packet or digital house manual to set clear expectations.

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 local regulations, including the prohibition on using portable outdoor fire pits and leaving trash outside unattended.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to use the smart locks and ensure they have all necessary access codes before their arrival.

Parking Instructions with Photos

Include detailed parking instructions with photos in your house manual to help guests navigate the often complex parking situations in Vail. This will reduce the likelihood of parking-related issues and ensure a hassle-free stay for your guests.

By following these tips, you can enhance the guest experience, maintain good relations with the local community, and ensure compliance with Vail's short-term rental regulations.

Here is a brief list of house cleaning providers in Vail, Colorado:

House Cleaning Providers in Vail, Colorado

Heather's Housekeeping

• Offers residential and commercial cleaning services in the Vail Valley, including short-term rentals and VRBO & Airbnb properties.
• Known for attention to detail and high-quality service.

All Cleaning Services LLC

• Provides cleaning services for homes, offices, apartments, condos, and more from Glenwood Springs to Frisco.
• Services include housekeeping, occasional and one-time cleaning, recurring cleaning, refrigerator and oven cleaning, and special event cleaning.

Merry Maids of Eagle County

• Offers expert cleaning services for homes in Edwards and throughout Eagle County.
• Backed by 40 years of experience with proven processes and advanced techniques.

Short-Term Rental Management Fees in Vail, Colorado: A Range of Services and Costs

In Vail, Colorado, managing a short-term rental property 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 comprehensive tasks such as guest communication, marketing, maintenance, and compliance with local regulations, tend to charge fees on the higher end of this spectrum. For example, companies like Vail Management Company and Awning may charge around 15% to 30% of the revenue for their full-service packages, which include services like 24/7 on-call personnel, housekeeping, and dynamic pricing strategies.

On the other hand, basic services or half-service management, such as those offered by companies like Evolve, may start at a lower rate, around 10%, but often leave more responsibilities to the property owner, including cleaning and guest communication.

Additionally, property owners may incur extra fees for specific services like cleaning, repairs, or design enhancements, which can vary based on the property's size, type, and location.