The solution to that is large HOA fines. They will quickly stop doing AirBnB or make sure the people are quiet. If a bunch of college students or emotional people moved in next door, you would have similar problems.
That's what I meant by "aggressively enforced". I believe our fine is something like $2500 now.
"If a bunch of college students or emotional people moved in next door, you would have similar problems."
The main difference is those are actual tenants bound to the covenants of the housing complex. The issues with your neighbors are tracked and escalated.
The condo unit is still owned by someone. The issue is tracked and escalated with them. The HOA could say that any short term guest is still bound to CC&Rs also without removing something like AirBnB. Even with AirBnB you have to agree to terms before renting.
Not being able to AirBnB your place is frustrating. If you have to go away for a few months due to work or getting fired or similar, it decreases the value of the unit. Most people's houses don't have these restrictions at a municipal level, but still would have to deal with noise complaints.