If I had to choose one, I would rather the option to live there. I will get more use out of it that way. However, I would like to see them add in the option to purchase multiple houses.
My workaround depends on the sim in question. If they want to stay in a traditional hotel, I will create a restaurant lot, with a front desk area and bedrooms upstairs. Then use the club system to put my family into a club, and assign one of the bedroom doors to that club. If they want to purchase a vacation home then I will buy a retail lot. If they want to rent a home, I will make one of the pre-made houses a generic lot and have them stay there.
