What makes for a good vacation rental? Let’s look at the elements:
Location. You want to stay somewhere where it is convenient for you to get around. You want to be near some things and farther from other things. Be aware of your location and surroundings.
Price. Although it may not matter to some, the price usually factors into where you will stay. Sure the price fluctuates and knowing you will be staying at a vacation rental, you will be paying a bit more than what your daily rate of your mortgage is. Weigh out the expense and see how it fits into your budget.
Space. Think about the space you will have at the vacation rental. How many bedrooms, bathrooms, kitchen space and room out on the lanai/patio? Is there a washer and dryer in the unit? These are all taken into account and you should weigh out the wants versus needs.
Look at examples of popular vacation rentals, like this one on Kauai http://www.wailua-hideaway.com/about-our-kauai-vacation-rental/. Located in Kapaa, it is in a prime spot with just the right amount of features you would seek in a home or vacation rental.