Miami was arguably the epicenter of America's property bubble in 2008, with prices crashing hard during the financial crisis. But now high-end properties in prime locations have seen prices bounce back to peak levels and residential real estate across the city is rebounding.

Barnes said that if she could buy real estate anywhere right now, she would invest in Miami, noting that property in non-prime locations provides the best opportunity for capital growth.

The Miami market is also supported by demand from rich South Americans who want to invest in U.S. real estate, giving investors indirect exposure to the South American market.

Typical prices for a two-bedroom apartment range from $275,000 to $900,000.