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You are correct. Patio villas are cheaper and wouldn't necessarily require the amount of maintenance a designer home would have. Yards are smaller in many cases and the homes are just more utilitarian and minimal landscaping cost. In most cases it’s cheaper and easier to furnish less square footage for the turn key look. Also don’t have the overhead costs for view etc that some designer homes have. The smaller tighter option is better for those who want to run an AirBnB business and turn profits through renting. A designer is generally more spacious and favorable for those wanting to relocate permanently so in probability, less likely to be rentals.

When all is said and done though, some designer homes are still rented out. Owners can still be and often are snowbirds but desire the privacy of not renting their homes out.