In most situations, short-term rentals will make more than long-term.
On the surface, long-term rentals are much more passive than long-term rentals. With Airbnb, you have to communicate with prospective guests.
Short-term rentals are a hospitality business as much or more than a real estate business. As such, you will be interacting with people more and in more interesting ways.
With long-term rentals, you can pretty much get a place habitable and then lease it out. The level of required amenities is quite low.
Purchase price: 100k Equity: 20k Furniture/STR startup expenses: 10k In this example, the STR would cost an extra 10k out of pocket to get started. This is because most loans are not going to lend on furniture.
I am sure you know the broken toilet at 2 am objection that most people have to real estate investing. The hiccups that come along with a short-term rental are usually different.