The Cabo Wave is Coming!

BY MARIO FERNANDEZ

"The Chinese use two brush strokes to write the word ´crisis´. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger – but recognize the opportunity." John F. Kennedy. 

The COVID-19 pandemic has had a sudden and significant impact on all aspects of people's lives as we are now living under some sort of lockdown quarantine. 

As with any crisis, certain patterns change and naturally benefit some in the process. Just take a look at companies like Zoom, Amazon and others that, because of their unique circumstances, have reached their highest historical growth levels.

Los Cabos has unique characteristics and will naturally benefit based on its quality and proximity to the United States, safety and a very low impact from the virus. The responsible actions taken by the governor and the solidarity of business owners will bring a larger market due to the new traveling trends. 

The geographical characteristics make Cabo a magical, remote yet accessible destination and savvy travelers and investors know this.

It is overwhelming to see how many foreign second-home owners in Los Cabos chose to spend the quarantine in Cabo instead of their primary homes, and how many foreigners chose to rent a place in Cabo until the quarantine is over back in their home countries.

It will take several years for Europe, Asia and other popular travel destinations to recover the trust of travelers. Long flights and the stigma created in some parts of the world will make North American travelers look in another direction and the natural direction is a close, friendly, low populated, wonderful, fun, safe place, and that screams CABO!!! 

Cabo investors have made it a unique destination around the world and are known for doing things the right way, and any protocol will be introduced in order to offer safety measures expected by travelers. 

The solidarity of the Cabo Family (locals, second homeowners and tourists who love Cabo) has been overwhelming and has proven once again to be relentless, working as one big family for the benefit of the community. 

As things move to the new normal, the NEW TREND will be a high demand in rentals of private homes and condominiums in Cabo.

Investors with vision looking for rental revenue and real estate value appreciation see this wave coming and will benefit from purchasing a second home, or making Cabo their primary home as many foreigners are doing.

As the wise adage says "This too shall pass" and we will come out stronger and more aware of what really matters in life. Traveling and enjoying your loved ones is by far one of the best things we can do in our lives and Cabo is the destination to do it.

Stay safe and see you soon in Cabo! Mario Fernandez, mario@palmilladunes.com