🎙️ Episode Show Notes Episode Title: Evaluating a New STR Market from 30,000 Feet: The Bourbon Trail (Part 1) --- ### Episode Description In this episode of the Peak Season Podcast, Luke and Tyler step outside their usual Michigan focus and evaluate a brand-new short-term rental market: Kentucky’s Bourbon Trail. Rather than jumping straight into spreadsheets and underwriting, this episode intentionally stays at the 30,000-foot level—the phase where operators decide whether a market is even worth deeper analysis. Luke and Tyler begin exactly where most guests do: the Airbnb home screen. By searching without dates and analyzing which listings surface first, they identify properties that are already winning, recurring amenities, and the types of guests the market attracts. A clear pattern emerges quickly—the Bourbon Trail is a group-driven, weekend-heavy market, dominated by friend trips, bachelor groups, and couples traveling together. That insight drives everything else. Instead of tiny cabins or ultra-luxury builds, the most successful listings tend to fall in the 4–6 bedroom range, with flexible layouts and strong secondary living spaces like basements, garages, and lounges. Luke explains why review count and calendar behavior matter more than nightly rate, while Tyler adds firsthand guest experience from recent Bourbon Trail trips to ground the analysis in reality. From there, the episode shifts from Airbnb to Zillow to test whether top-performing listings can realistically be replicated at today’s prices. They evaluate new construction, older ranch homes, rural properties with acreage, and value-add opportunities—always asking the same question: Can this realistically become a winning short-term rental? A key theme throughout the episode is restraint. Not every market deserves underwriting. Before running numbers, investors should confirm they aren’t priced out, boxed in by regulations, limited by neighbors, or constrained by inventory. The Bourbon Trail passes that test, showing strong demand, attainable price points, and multiple viable strategies. This is Part 1 of a two-part series. In the next episode, Luke and Tyler will underwrite two real properties—one lower-priced and one higher-priced—to compare cash-on-cash returns, revenue ceilings, and overall risk. If you want to understand how experienced operators decide where to invest before worrying about how much, this episode lays the foundation. --- ### Disclaimer The information provided in this podcast is for educational and informational purposes only and should not be considered financial, legal, tax, or investment advice. Luke Miller and Tyler Kostich are not licensed financial advisors. All real estate investments carry risk, and results discussed on this show are not guaranteed. You should conduct your own due diligence and consult with qualified professionals before making any investment decisions.