Big News for New Mexico’s Short-Term Rental Hosts!
Hey, hospitality heroes! As we host travelers in our beautiful state, there’s exciting news from the 2025 New Mexico Legislature. House Memorial 52 (HM 52) is stepping up to protect short-term rental (STR) hosts like you, ensuring fair policies that keep our communities thriving. Here’s the scoop, plus a nod to other housing wins we’re cheering for!
What’s HM 52 All About?
This memorial creates a Short-Term Rental Work Group, bringing together the Economic Development, Tourism, and Taxation & Revenue Departments to study STRs’ massive impact. In 2023, STRs pumped $1.1 BILLION into New Mexico’s economy, created 14,555 jobs, and generated $82.1M in taxes—think $33.6M in Santa Fe and $14.6M in Lincoln! They also provide crucial housing for traveling nurses, construction crews, and remote workers. By December 1, 2025, the group will share data-driven policy ideas to balance STR growth with housing needs.
The best part? HM 52 hits pause on county assessors reclassifying STRs as commercial properties, which could spike property taxes and squeeze hosts who rely on rental income for mortgages. The New Mexico Short-Term Rental Association calls this a “significant first step” for fair treatment.
Why It Matters
Other Housing Wins
Get Involved
