Originally Posted by BigLar
Sure, but that wasn't his question.

Touché.
However, the question I think that was actually intended was 'can you get more than $1500 value from $75K spending'. The answer is yes - if premium class travel and luxury hotels are worth anything like the sticker price to you. If not, the answer is no.
(To use one of the examples quoted above: I would never pay $4000 for 8 nights at a hotel, any hotel. 8 nights in Rome is worth maybe $500-$600 to me, at most, and I'll be equally happy in a cheap pension or the Cavalieri (probably happier in the pension actually). If you wouldn't pay $4000 cash for it, then it isn't worth $4000 to you either.)