illustrates the balancing act and required investment

grounds are another example of something that can be kept the same or changed, can be interesting when they are kept pretty similar including really old trees etc

also for example, what properties are worth it for history even with some defects, which are not worth it, which have declined over time

belmond.com/hotels/europe/italy/florence/belmond-villa-san-michele/about
belmond.com/ideas/articles/vsm-the-living-renaissance
some history unclear https://en.wikipedia.org/wiki/Monte_Ceceri
belmond / orient express definitely a brand (the only brand?) for history

maybe one good way to approach threads like this one is to focus on 'unique' features of certain properties

or properties that are well regarded and or favorites, that also have happen to have some history

villa d'este has some regulars here, took a quick look, noticed this >
villadeste.com/en/investor-relation

speaking for myself as thread starter, being open to interpretation leads to interesting replies

i chose not to try and define tighter, and while i've added thoughts, i didn't intend for short 'list'