Modern Living: Yule Log: Happy His & Hers

Time was when a man feeling loaded, fond and possibly guilty at Christmas time would hie himself to Tiffany or Cartier and buy his loved one a little something to make her feel like Cleopatra—an epithalamium of emeralds, say, or a modest suburban tiara. The trend in recent years, however, seems to have been away from the unilateral bauble and toward the his and her extravaganza, particularly of the shared, sensory and sensational sort.

This Christmas, for example, he and she may bestow upon themselves a $286,125 weekend at the Hyatt resort on South...

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