The Embraer Phenom 100 (954.359.3700, www.embraerexecutivejets.com) has the speed and range of a light jet but the runway performance and fuel burn of an even smaller aircraft. Priced at about $4 million, it can climb to 37,000 feet in just 23 minutes and needs just 3,125 feet of runway to land. The jet has a maximum range of almost 1,400 miles and can reach nearly 450 mph while burning only 80 to 110 gallons of fuel per hour. The cabin seats as many as eight passengers and is available in seven configurations. It features seats and windows that are larger than those of most aircraft of this size, and it can hold 71 cubic feet of luggage—the equivalent of about a dozen suitcases and four golf bags.