The Best Reasons Why You Need To Do Rental Investment

If you’ve come into a little extra money, or you’ve been working hard to put away savings, there’s no doubt you’ve been wondering what the best way is to invest that money. If you’ve never considered a rental investment, now is the time to give it some thought. Not only can it be a great decision from a financial standpoint; it can also provide you with another residence that you can make use of if you choose.

Here’s a look at some of the best reasons to consider a rental investment.

A Lovely Retirement Home Down the Road

One of the top reasons people end up investing in a rental vacation property is that they hope to be able to take advantage of it themselves in their retirement years. While you may still be busy in your career with many years left until you retire, there’s nothing wrong with planning for your future, especially if that includes a restful location to enjoy your golden years.

Enjoy Owning a Second Home Without Having to Absorb All the Costs

If the idea of owning a second home appeals to you but you don’t have the extra income to pay for it, investing in a rental property can make excellent financial sense. Think about it, you’ll have the vacation home available to you to use if you like, but at the same time, your guests are paying the mortgage.

Where you need to be careful is that you don’t block off too much time for your own use, as this will take away from your profits. Ideally, you want the income from the guests to cover all the carrying costs, and a little extra is possible. Experts recommend that you don’t stay in the home for any more than 10% of the year if you don’t want to eat into your profits too much.

Discover a New Destination and Culture

Rather than just staying in random hotels on your vacation each year, when you own a vacation home you get to learn about that destination, its people, the culture, and its history. It’s an immersive experience since you become a home-owner rather than just a guest.

You Will Spend Less on Vacations

For some people, owning a second home is actually a way to make vacations more affordable. Think about it, you won't be paying for a hotel when you're on holiday and, ideally, you'll have enough guests booked year-round that your expenses are virtually nothing. All you will have to pay for is the flights to and from your vacation property.

A Couple of Buying Tips to Keep in Mind

If you do decide that a vacation home is for you, then there are a few tips to keep in mind. First of all, the location should be a huge factor. You want to pick a home that is not just appealing to you but would be appealing to guests as well, says Greg, rental executive at luxuryvillasmalta.com. What this means is that you want to look for places that offer scenic views, are close to towns/attractions/landmarks, offer dining nearby, and aren’t difficult to reach from the airport.

You’ll also have to decide whether you want to put work into the home and purchase a fixer-upper or if you want to get a place that is ready-to-go so there are no nasty surprises in the budget.

Purchasing a rental investment can end up being an excellent financial decision for you, not just right now but for your future and well into your retirement years.

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Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24th that overlooks the High Line and is walking distance from world-class shopping and prominent art galleries.

251 East 51st Street, Unit 2M, listed on the market as a Compass "Coming Soon," is a recently renovated, perfect pied-a-terre (and ideal one bedroom for all the rest of us). What truly sets this pad apart from the rest is the dreamy outdoor terrace with endless possibilities and city views. Accessed by the living room and overlooked by the bedroom, this 24x12 outdoor space is an oasis in the center of the Midtown hustle and bustle.

Our last #openhouse roundup will you be checking out this #parkslope home? #nycrealestate #brooklynrealestate #milliondollarlistings #luxuryhomes #OffTheMRKT

DNA Development announced that closings have commenced at 350 West 71st Street, the successful Upper West Side luxury conversion that seamlessly combines two historic pre-war buildings into one stunning contemporary condominium with a classic façade. As construction nears completion, the seven-story building’s 38 elegant residences and bespoke amenities are coming to life, as DNA welcomes its first residents.

Our favorite listing this week is located at One West End, the sculptural glass residential tower designed by Pelli Clarke Pelli within Riverside Center. At $19.5 million, 29B offers 5,302 square feet of interiors space, with four bedrooms, five and a half baths, a media room, lofted library, and a double height great room leading out to a 3,000 square foot terrace with impeccable views.

Matthew Messinger and Shannon Bauer Aronson appointed Co-Chairs of Children's Museum of Manhattan's Board of Directors

 The Children’s Museum of Manhattan 212 West 83rd Street, NYC) today announced it has appointed Shannon Bauer Aronson and Matthew Messinger as new co-chairs of its Board of Trustees.

Shannon Bauer Aronson

The public announcement was held to follow the purchase of 361 Central Park West as a new site for the Museum, as well as the selection of FXCollaborative as the architectural firm that will handle the building’s redesign and transformation. The new site, scheduled to open in late 2021, will offer approximately twice the exhibit space of the current site and will allow CMOM to double the number of visitors it now serves.

Bauer Aronson is a principal at Iliad Realty Group, a privately held real estate investment company focused on acquiring and developing properties in New York, Texas and Florida. She joined Iliad in 2014 from the Acquisitions and Capital Markets group at Vornado Realty Trust.

In her roles she brings an exceptional breadth of real estate experience including acquisitions, development, investor relations, capital markets, private capital raising, joint-venture structuring, direct lending and equity/debt work-outs. 

Messinger is the President and CEO of Trinity Place Holdings (TPHS), a publicly traded, vertically integrated real estate investment, asset management and development company, with properties and development projects in New York, New Jersey and Florida.

Matt Messinger

Before joining TPHS, Messinger served as Executive Vice President and Director of Investment Management at Forest City Ratner Companies (FCRC). In this role, Messinger led the New York Investment Committee of FCRC and served on the Investment Committee and Executive Management Committee of its parent corporation.

He has extensive development, asset management, finance, strategic planning and tax credit structuring experience across a wide range of asset classes including retail, hotel, residential, office, arena and professional sports teams.

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Spring Cocktail Trends From NYC Bartenders

Now that Winter is starting to go away, New Yorkers eager to ditch heavy beers and warm cocktails for refreshing drinks that scream Spring.  Trends in cocktail culture have become a quintessential part of celebrating a new season. This Spring looks like rum concoctions will be leading the pack and introducing aperitifs as the new happy hour with low ABV cocktails, allowing you to enjoy the night without the painful morning. New York bartenders have predicted decadent rum craft cocktails for the warm spring. These are not your typical Spring Break drinks you had while in college. Since then, the accolade for both “Tiki” cocktails and brown/craft spirits have grown respect, and so has the popularity of first-rate, sophisticated rums in both the Caribbean and in the U.S.A. A spirit known for its various tasting notes, these innovative libations will elevate any gathering, and highlight rum’s versatile flavor profile just in time for the spring season.

Below, are 5 fantastic spring-inspired recipes to celebrate this year’s trends, all crafted by some of the nation’s top bartenders, including Naren Young (Dante, NYC), Dan Sabo (ACE Hotel, LA) , Nico de Soto (Mace, NYC), Will Benedetto (In Good Company Hospitality),Leo Robitschek (Eleven Madison Park, NYC). Each of the recipes listed below can also be found in St-Germain’s first-ever coffee table cocktail book, How to Drink French Fluently.

Mango Basil Margarita - Created by Will Benedetto, (In Good Company Hospitality)

Ingredients

• 2 oz of Casamigos Blanco Tequila
• 1 oz of mango basil puree*
• 0.75 oz of lime juice

*Mango Basil Puree

• 1500 g of mango puree
• 300 g of basil
• 400 g of agave
• 2 oz of vodka

Shake all ingredients with 5-6 ice cubes. Without using a strainer, pour the entire contents into a Tajin rimmed rocks glass.

Voodoo Down - Created by Leo Robitschek(Eleven Madison Park in New York)

Ingredients

• 2 dashes orange bitters
• ¼ ounce ginger syrup (1:1, ginger juice:turbinado sugar)
• ¼ ounce honey syrup (2:1, clover honey:water)
• ¾ ounce lemon juice
• ½ ounce St-Germain French elderflower liqueur
• ½ ounce Trinidadian rum
• 1 ounce bourbon, preferably Elijah Craig 12-year

Shake all the ingredients with ice. Strain over ice into a double rocks glass.

Qui Oui, Created by Nico de Soto (Mace in New York)

• ½ ounce St-Germain French elderflower liqueur
• 1½ ounces Aperol
• ½ ounce kiwi syrup
• ¾ ounce lemon juice
• Pinch of Himalayan pink salt
• Prosecco, to top
• Glass Garnish Dehydrated kiwi slice or fresh
• kiwi slice

Shake all of the ingredients, except the prosecco, with ice. Strain into a wine glass with ice, top with prosecco, and garnish with the kiwi slice.

Rivington Punch - Created by Natasha David (Nitecap in New York)

• 2 ounces dry rosé wine
• ½ ounce St-Germain French elderflower liqueur
• 1½ ounces Aperol
• ¼ ounce raspberry liqueur, preferably Combier Framboise
• 1 ounce soda water
• Glass Garnish Strawberry slices and grapefruit crescent

Stir all of the ingredients in a wine glass over ice. Garnish with strawberry slices and a grapefruit crescent.

The St-Germain Cocktail - Created by Robert Cooper

• 1½ ounces St-Germain French elderflower liqueur
• 2 ounces dry sparkling wine
• 2 ounces soda water
• Glass Garnish Lemon twist

Combine all of the ingredients in a Collins glass over ice. Stir gently, and garnish with a lemon twist.

Mango Basil Margarita

Qui Oui

Rvington Punch

St. Germain Cocktail

Voo Doo

Tour This Upper East Side Townhouse

In New York City, you can never have enough space but you can come close with this 5-floor townhouse, with 5 bedrooms and 6 and a half bathroom with a listing price of $14,790,000. Located at 215 East 61st st. this townhouse will soon be off the market as there are already over 40 Street East users who have saved it for a potential purchase.                

Perfectly situated in the Treadwell Farms Historic District, this luxurious home, originally built in 1875, has just undergone atwo year renovation, creating a seamlessly cohesive modern home encased within historic architecture. The five exterior spaces, include an impressive 35-foot long landscaped garden, finished in bluestone, with a cedar fence. 

The master bedroom suite has a spacious terrace overlooking the townhouse garden and the surrounding trees.b There are five bedroom suites, six full bathrooms all finished in stone slabs and a powder room.

The entertaining rooms include a grand living room, formal dining room, kitchen with floor-to-ceiling glass doors, an informal dining room and an entertainment/media room. Quality craftsmanship and the finest finishes were used throughout the design and construction. 

The historical façade has been restored according to Landmarks specifications and the house was completely reconstructed using steel and concrete and includes a new Kemper roof. The custom made elevator services all floors including the basement and has a 950 pound capacity. The home has five wood-burning fireplaces all with Chesney's mantles.

The floors are solid rustic white oak, and the windows are customized solid mahogany with double glazing. The rooms have plaster crown moldings, hand-crafted millwork and plenty of generous closet space. The baths have stone masonry and Dornbracht and Zucchetti polished chrome fixtures. All technology has been incorporated within the building, allowing owners to manage the home efficiently.

There is an eleven-zone Mitsubishi HVAC cooling and heating system, a Nortec humidification system, a Lutron RadioRa lighting system, radiant heat in all of the full bathrooms, Sonos music system, an Aiphone intercom system, and a security system. A dumb waiter provides ease of access for entertaining from the chef’s kitchen to the serving kitchen on the parlor floor. In addition, the residence has a new 400 amp electrical service, all new copper wiring, MC Cable with electrical panels and a sprinkler system.

The house has an abundance of natural light and each floor has been designed with a thoughtful spatial experience and consistency of flow. This unique residence is truly the most luxurious townhouse currently on the market.

Cathy Franklin, Brian Lover, and Alexis Bodenheimer at The Corcoran Group are the listing agents.

This listing courtesy of Corcoran

Masculine and Feminine: Balance in Style

The position of women in the society has been changing significantly over the years, and nowadays we see many successful women. Some of whom hold the highest positions in world-famous companies. In the same vein, their style has been evolving and elevating as well. As it is currently the latest fashion trend is all about adapting a masculine look, or more precisely, about striking a balance between feminine and masculine elements. Here are some interesting and stylish ideas to consider when putting together an outfit.

Pinstripe suit

Nothing beats the classics, and the pinstripe suit is a classic symbol of masculinity. However, following the entrance of women into the formerly masculine world of work and business  (the empowerment of women hyperlink seem to lead to a dead end), the boundaries between Men, Women, and their business wear have started to fade away gradually. Just out on the street women can often be seen in chic pinstripe suits, which are a perfect choice if you want to visually convey that you are a decisive, and professional woman.

Finally, once you’ve found your dream suit, think about the many ways you can individualize your look by adding touches of femininity to it, and thus hit whatever balance works for you. For example, an elegant pair of high heels will always do the trick, and make you look absolutely stunning.

Baggy is the new sexy

The days when only skinny jeans and body-hugging tops were considered sexy are long gone. Consequently, it seems that choosing to leave a little to the imagination with baggy clothes has become a true craze among women all around the world. So, don’t hesitate to give an oversized sweater a try, since we’re sure that you’ll be pleasantly surprised to see how it can accentuate your body shape, and look absolutely polished. Especially when paired with an elegant accessory piece.

Furthermore, feel free to play with proportions a bit, maybe try to combine a voluminous top and a fashionable mini skirt. Take time to pamper yourself with some shopping, and look at brands that have a wide offering of both feminine clothes, as well as some more masculine pieces like the amazing wide leg pants. We guarantee you that your new look will sweep everybody off their feet.

Sporty look

The sporty look is another popular trend this year, and women are just as interested in sporting it as men. Of course, this doesn’t mean that you should take your boyfriend’s jersey and combine it with sneakers when going out for a drink with your friends. Instead, you should try to use one of these getups as a way to bring a fresh twist to your evening look, and thus attract everyone’s attention.

and you’ll magazine covers For example, did you know that a ski jacket can go perfectly with a sparkly evening dress? Surprised? Well, you don’t have to take our word for it – just take a look at this year’s realise what we’re talking about, as well as discover many other athletic-inspired combinations that will make you look absolutely modern and simply irresistible.

Glam rock accessories

Another choice is to take the opposite approach, and start by choosing some feminine clothing pieces to center your look around. For example, you can go for an elegant gown, and combine it with a pair of sophisticated stilettos. However, even though this may seem like a perfect combination for a formal occasion, we advise you to shatter the monotony of a traditional look, and rock some glam rock accessories which will add that alluring touch of strength to your appearance.

This mixture of style is particularly great for heading to the club after a formal event, since it can pass off as a less formal outfit as well. Don’t hesitate to experiment! Find some new ways of blending different trends until you discover what suits you the most, after all this needs to be your look.

As you can see, hitting the right balance between a feminine and masculine look is just as rewarding as it is easy. You just need to try out various combinations, and be open to the fast changes in the fashion world. However, this doesn’t mean that you should wear something only because it has been promoted on the covers of world-famous magazines. Instead, try to create your own personal style and keep in mind that it’s most important that you like what you see in the mirror.

By Sophia Smith

Edited By Connor Sherman