Lincoln, New Mexico presents an exceptional short-term rental investment opportunity driven by its unique position as a historically significant destination with limited accommodation supply, creating a high-demand, low-competition market environment. Property owners can capitalize on average daily rates ranging from $150-$300 depending on property size and amenities, with occupancy rates consistently exceeding 70% during peak seasons due to Lincoln's status as the heart of Billy the Kid country and its proximity to Ruidoso's year-round attractions. The area's strategic location along the Billy the Kid Scenic Byway generates steady tourist traffic from history enthusiasts, outdoor recreation visitors, and travelers seeking authentic Western experiences, while the scarcity of traditional hotels within a 20-mile radius positions short-term rentals as the primary lodging option. Revenue potential is further enhanced by Lincoln's appeal to high-spending demographics including equestrian tourists, hunting parties, and cultural heritage travelers who typically book longer stays and premium properties, with many owners reporting annual gross revenues of $35,000-$65,000 on modest 2-3 bedroom properties. The market's resilience stems from diverse demand drivers including the Lincoln County War historical sites, nearby Capitan Mountains recreational activities, and the area's growing reputation as a filming location, ensuring consistent booking patterns that translate to superior returns compared to traditional long-term rental strategies.