First, let's start from the economy in the Miami Beach of Florida. The economy isn't really that bad. At the height of the boom, many people thought the party could never end, a term economists call "irrational exuberance." Today, however, many people have "irrational pessimism," or a fear that things will continue to get worse. Those people were wrong before, and they're wrong now.

Small home improvement efforts can go long way. As the real estate value of properties in Miami Beach area are rising slowly the touristic area homes of Miami Beach and South Beach in Florida can benefit from small home improvements and increase resale value of houses.

"What the hell is Paris Hilton doing here?" was a familiar refrain this weekend at Art Basel Miami Beach, a gathering of the top players in the global art market.