Urban Domainer

There has been a lot of talk about development among the domaining community. For awhile now I have simply read these posts then just filed them away in my mind but not ready to deal with the idea. The irony here is that I am a web developer so you would think I would naturally embrace the idea but not so for me.

I have been developing for a long time (about 13.5-14 years) and as I have grown aesthetically and technically I have developed a level of perfectionism that is cherished among my client base. However this level of development gets me into to trouble as a domainer. I get overwhelmed at the thought of spending 3-6 months developing one domain name without a definite pay check. So as you can see I need more insight. I have come across a few blogs that suggest the ‘keep it simple’ method such as domainflipper.com who is capable of developing a domain name in one day. (Not sure I can do that). Then there is the Elliotsblog.com type, who spend a lot of time on one domain that has taken many months to develop and nurture (lowell.com)

So I guess what I am asking is if anyone knows the approximate breakdown of revenue, cost, time, etc. of the different levels of developing a domain name for yourself? And certainly an example of something in the middle of these two options?
Thanks : )