Does Good Looks Out Do in Real Estate?

Does Curb appeal out perform in Real Estate? It certainly appears to be true that society favors the beautiful. In real estate there is even a phrase for it called curb appeal.  As real estate professionals,we know there can be a payoff to property that looks better than the other houses  or buildings around it. But while beauty may be in the eye of the beholder, is there perhaps a correlation between better economic benefits in a building and its appearance?