Building a high-performing short-term rental isn’t about throwing money at renovations and hoping for results. It’s about strategic design choices that create a destination guests actively seek out—not just settle for. In this episode, Mark Lumpkin breaks down his proven framework for transforming underperforming properties into revenue powerhouses. From identifying the right foundation before you buy, to niching down with precision, to leveraging photography that tells an irresistible story—Mark shares the exact steps his team at STR Cribs uses to help operators double their revenue. You’ll learn how to analyze your competition without copying them, why most properties fail to differentiate themselves, and the small intentional touches that convert browsers into bookers. Whether you’re acquiring your first property or refreshing an existing portfolio, this conversation will shift how you think about design, marketing, and guest experience. Summary and Highlights 🎯 Meet Mark Lumpkin Mark Lumpkin is the Head of Marketing and Sales at STR Cribs, a full-service design and construction company specializing in high-performing short-term rentals. With five years in the industry, Mark has helped operators across the country transform underperforming properties into top-tier revenue generators through strategic renovations, amenity planning, and niche positioning. Before joining STR Cribs, Mark was part of the founding team at Showplace, where he honed his expertise in furniture, design, and guest experience optimization. He currently owns and self-manages a Superhost property while building his own portfolio. Mark’s approach centers on one core belief: every property needs a clear answer to the question, “What makes this special?” His work has resulted in case studies where properties have doubled their annual revenue after renovation—often with payback periods of under 12 months. 💡 Why Differentiation Matters More Than Ever The short-term rental landscape has undergone a fundamental shift. Post-COVID, the market has matured beyond slapping IKEA furniture in a spare bedroom and watching bookings roll in. Competition is fiercer, guest expectations are higher, and operators who can’t articulate what makes their property special are getting left behind. Mark opened the conversation with a striking reality check: “If you can’t simply answer the question, what’s special about my property—what’s different about my property—you’re setting yourself up for failure.” This isn’t about having the most amenities or spending the most money. It’s about strategic positioning that makes your property the obvious choice for a specific type of guest. When you nail this, everything else—from occupancy rates to direct bookings—becomes exponentially easier. 🏡 The Foundation Comes First One of Mark’s most valuable insights centers on acquisition strategy. Too many operators fall in love with a property’s aesthetic without evaluating its fundamentals. Mark’s team starts consulting before clients even make an offer. The critical question isn’t just about location or the number of bedrooms. It’s about space and potential. A property on the side of a hill in Gatlinburg with only a tiny deck has almost nowhere to grow. Meanwhile, a property with acreage and flat land can add amenities such as pickleball courts, fire pits, outdoor games, and other features that genuinely increase revenue. “You’ve got that tiny little deck, and then anything else would cost you such an exorbitant amount of money to improve the real estate, it wouldn’t be worth it,” Mark explained. Starting with the right canvas means you’re not fighting uphill from day one. For operators building direct booking brands, this foundation becomes even more important. Properties with differentiation potential become shareable, Instagram-worthy destinations that guests actively seek out and return to. 📈 Case Study: Scottsdale Property Doubles Revenue Mark shared a standout success story that perfectly illustrates his framework in action. A client in Scottsdale, Arizona, owned a five-bedroom property that had been generating $100,000 to $110,000 annually for five years. Revenue was declining each year, and the property had become forgettable. The bones were solid: a large backyard, a pool, and five bedrooms. But it lacked soul. Guests weren’t booking because they were excited about the property—they were booking because it was available and cheap. STR Cribs transformed the property with a clear niche: the ultimate golf-themed bachelor pad. They permitted and converted the unused garage space into a game room with a poker table. They added a backyard golf simulator, a mini golf course, a chipping range, a hot tub, a fire pit, and a pickleball court. Inside, they redesigned the entire aesthetic to match the golf theme. The result? Annual revenue jumped to $235,000—more than doubling year-over-year. The renovation nearly paid for itself in the first 12 months. The property now attracts higher-quality guests, commands premium rates, and has built substantial equity through permitted additions. This case study reinforces a crucial principle for direct booking success: when your property becomes a destination rather than a commodity, conversion rates soar. 🎯 Finding Your Niche Without Guessing So how do you identify the right niche for your property? Mark’s process is methodical and data-driven, rather than being based on gut feelings or trends. Start with competitive analysis. Identify the five best-performing properties in your market that are comparable in size and location. Study what they offer. If all five have hot tubs, you need one. If four have barrel saunas, you probably need one too. If they’re all dog-friendly, that’s not optional—it’s table stakes. This research establishes your baseline. You’re not copying—you’re understanding what guests in your market expect from top-tier properties. Then comes the differentiation layer. “How do I go above and beyond?” Mark asked. “I’ve got the same meat and potatoes, but I’ve got a different flavor of seasoning and hot sauce on it that will maybe bring in a little bit different type of person.” Mark also cautioned against the “build it and they will come” approach. Creating a completely unique concept in an unproven market takes serious conviction and comes with risk. He’s seen it work, but recommends operators ground their strategy in proven demand first. For those pursuing direct booking strategies, this competitive intelligence serves as the foundation for your content marketing, SEO targeting, and social media positioning.