ABNB - This Couple Spent Over $1M Turning An Abandoned Inn Into A Desert Paradise | Benzinga
Sara and Rich Combs purchased 38 acres of barren canyon desertland in Arizona in 2018 and turned it into a little piece of paradise. Now the piece of property is their main source of income.
What To Know: The Arizona land the couple purchased for $615,000 had an abandoned inn sitting on it. They put an additional $500,000 into fixing it up and turning it into a hotel, called The Posada and is part of a hospitality group called The Joshua Tree House. The inn, located in Tuscon bordering Saguaro National Park, is now a fully functioning getaway with rooms ranging from $200 to $600 a night, per CNBC.
"It was a huge risk... but we really believed in this place, knew it had a lot of potential and just put everything into it," Sara said.
When the couple bought the property, which consists of a main 7,500-square-foot building and two additional houses, it had been empty ...