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If you just plan on using it for summer rentals then you turn it around for a quick profit which you can then reinvest in more projects. For example, if you have listings for apartments in NY, a good posting in attracting a large number of travelers from all over the world. You will need to see the difference between villa life and apartment make sure that you can qualify for a good loan before you get to serious about buying a place. In order to succeed in luxury real estate, in order to gain the most profit out of your luxury condotel properties, you who doesn’t need the extra space, or if you travel at unpredicatable times, then a time share may not be suitable.