I would imagine living there would be like living in NYC w Times Square, or Orlando w Disney/Universal. You live there and maybe get it out of your system in the first couple of weeks, and then try to never ever go back to those areas except for a special occassion.
Living in LV would be living in the desert, and I don't want to do that. I imagine I'd actively avoid The Strip, except for when there may be a concert or show I'd want to go to, then I'd venture down there and get back out as soon as I'm done.
Get a mile away from the strip and it's probably the same as every other residential area/suburb in the country, with the same shops and restaurants in the same kind of strip malls, just with less grass.