Returns from a lodge can vary, but generally, they are lower than other investments. The purchase of a lodge should be viewed as a project with an entry point and exit point. In between, there will be cash flow, profits, and losses. To determine the investment value, one must consider the exit point for higher returns, as much of the profit comes from the appreciation of the lodge. Lodges can be lifestyle investments, especially when they are small, where returns are measured in sunsets rather than Rands and cents. In smaller lodges, owners live off the lodge, covering expenses such as food, telephone, vehicles, television, and internet fees. Ultimately, they spend what they need to live a happy and meaningful lifestyle. Even overseas travel trips can be booked as “marketing and advertising” expenses for the lodge, which may be part of the trip. Ultimately, the lodge may show lower returns and may even break even. Some owners prefer fewer bookings and schedule quiet times instead of maximizing bookings, as increased income comes at the cost of working harder. Each property should be evaluated on its own merits, and buyers must create a plan for how they intend to run the lodge.