Once on the throne, Carol II maintained stormy relations with the members of his family but retained his confidence in Elisabeth, who was the only member of the royal family who accepted his mistress. Thanks to the inheritance received from her father, the financial advice of her lover, the banker Alexandru Scanavi, and her good relations with her brother, the princess managed to live in great style in Romania. In March 1935, she acquired the large domain of Banloc, near the border with Yugoslavia, a mansion in Sinaia and an elegant villa of Italian style, called Elisabeta Palace, located in the Șoseaua Kiseleff in Bucharest.