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Newport Beach has a long history of Vacation Rentals <br /> <br />Balboa Island <br />Balboa Peninsula <br />Corona del Mar <br /> <br /> <br /> <br /> <br />Short-term rentals: <br />Part of the culture of certain neighborhoods for decades. <br />Provide lodging with kitchens that accommodates families and other larger groups <br />Provides property owner with an annual overall rental income that is higher when compared to a long-term rental <br /> <br /> <br />Balboa Island – 1950s <br />2