The incredible influx of wealth during that period from the henequen industry focused mainly on Mérida, the capital of Yucatán State. It allowed the city of Mérida to install street lights and a tram system even before Mexico City. It is said that in the early 20th century, the city had the largest number of millionaires per capita in the world. Today, Paseo de Montejo (inspired by the Parisian avenue Champs-Élysées), is lined with the elegant houses built during that time. These houses are mostly now renovated and serve as everything from private homes to banks, hotels and restaurants. Many of the haciendas today have also been renovated and now serve as private homes, event venues and upscale luxury hotels.