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Hot Vacation-Home Spots

 

Editor's note: As a special feature for April, TheStreet.com offers a 20-part series on virtually everything you need to know about real estate. This installment, which was originally published as Top 1%, is part 16.

You're looking for an investment. Not just any investment, but a special one you can enjoy, too. Really enjoy -- I'm not just talking about income, capital gains and tax stuff.

Vacation homes in the right spots have long been a good buy. At the end of the day, they offer both financial and lifestyle rewards. It's kind of a double return on your investment.

But not just any vacation-home market works for everyone. Unless money is no object, you have to buy smart to minimize risk and realize those lifestyle benefits you seek. ...

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