LUX meaning in Real Estate ?

What is Luxury mean?

Luxury may refer to:

Luxury goods, an economic good or service for which demand increases more than proportionally as income risesLuxury tax, tax on products not considered essential, such as expensive carsLuxury tax (sports), surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the leagueLuxury vehicle, expensive automobilesLuxury train, expensive tourist trainsLuxury yacht, expensive privately owned, professionally crewed yachtLuxury apartment, a type of property that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenienceLuxury hotel, high-quality amenities, full-service accommodations and the highest level of personalized servicesLuxury resort, exclusive vacation facilitiesLuxury box, term for a special seating section in arenas, stadiums and other sports venuesLuxury magazine, magazines devoted to fine craft and luxury goods reference