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http://finance.yahoo.com/news/investing-expensive-renovations-rental-apartments-233000708.html

Designer Kendall Wilkinson recently completed an ambitious renovation on a 3,000-square-foot penthouse in San Francisco's Nob Hill. She gutted the apartment, adding a den and putting in leather walls, marble floors, new molding, a high-end kitchen with features by designer Christopher Peacock and Waterworks fixtures. She also designed a closet with custom built-ins, turned a bedroom into a library and made three bedrooms into two bathrooms. Her clients spent about $1 million on the upgrade. But when their lease is up, they will be leaving most of these improvements behind. In competitive real-estate markets, some luxury renters are making a...

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