The traditional vacation with the grandparents may now mean something very different from what it did a generation or two ago, long before phrases like 70 is the new 50 became commonplace. As famed lifestyle guru Martha Stewart – now in her mid-70s and still the reigning queen of domesticity – told New You magazine in 2013, 70 is nothing like the 70 of 20 or 40 years ago; not everyone wants to retire, and very few people want to slow down. (For additional reading, see The Benefits Of Retiring Later.)

But even though Grandma and Grandpa may be perfectly fit and willing to travel, getting families together in one place for "quality time" can still be challenging, especially considering the likelihood that the generations are divided by geography and multiple time zones. Moreover, the issue of vacation time remains a sticky one, both for working parents and for the many grandparents today who are still in the workplace. While countries like France guarantee their citizens 30 days per year of vacation, the United States guarantees none. Even those Americans whose employers provide paid vacation days often do not have enough of them to allow for sufficient time to visit family members who live long distances away.

Since it's unlikely that you and your family will be able to pack up and move to France any time soon, you might consider another solution to maximize your precious time and money. How about planning a multigenerational vacation where kids, parents and grandparents can all gather in a beautiful setting that offers plenty of diversions to suit everyone's taste? Here are five reasonably priced options that may have you swearing off those exhausting road trips for good.

Beaches Turks & Caicos

With its 19 restaurants, even the pickiest eater (whether he's five or 85) will have plenty of choices at this all-inclusive resort. Active family members are well catered to with sports offerings that include a multi-day sailing camp, as well as kayaking, paddle boarding and snorkeling. For children, program highlights include special breakfasts, parades and photo ops with Sesame Street characters. At night, the extended family can coexist peacefully in spacious 3- and 4-bedroom villas, which come equipped with private pools. The resort is a 15-minute drive to the Providenciales airport. (See also All-Inclusive Vacation Keeps Travelers On Budget.)

Tyler Place Family Resort

If your main concern is keeping a group of kids of varying ages entertained, this circa-1933 resort on lovely Lake Champlain in northern Vermont might just do the trick. Nine kids' camps, organized around different ages, from infants to teenagers, mean that kids can bond with their cousins while also making new friends. In the meantime, a variety of lake-oriented activities––including windsurfing, sailing and even bass fishing––keep adults occupied. At night, the whole family can share their experiences around the bonfire.

The Ranch at Emerald Valley

This ranch, an entity of the legendary Broadmoor Hotel's wilderness experience in Colorado Springs, Colo., is a great choice for families seeking to unwind in nature. Deep in the Pike National Forest, yet just 10 miles from downtown Colorado Springs, families can gather around wood-burning fireplaces in the two- and three-bedroom cabins after days spent fishing for trout in the stocked pond, horseback riding, or just strolling the rustic grounds. Outdoor gourmet cookouts are popular with all ages. And if the creature comforts of a fine hotel still beckon, the concierge can arrange for transportation to take advantage of the Broadmoor's tennis, golf, top-notch dining and luxurious spa.

Club Med Punta Cana

There's a reason Club Med has long been a top choice for family vacations: there's literally something for everyone here. This one, in the Dominican Republic, lets family groups choose from two types of accommodation – a family suite with luxurious poolside concierge service or the kid-pleasing, brightly colored bungalows. Golf-crazy grandparents can attend the golf school while parents head off to windsurfing lessons. The truly adventurous will be entranced by the circus offerings – trapeze, tightrope and juggling. Kids and teenagers are kept entertained by innovative clubs, and there's a circus workshop for little ones. No matter your age, you'll be delighted by the lush gardens and white sand beaches bordered by azure blue waters.

The Outer Banks

Southern charm. Sand dunes. Windswept beaches. The Outer Banks of North Carolina are an excellent choice for families who want unstructured time together to simply do nothing. Here, however, doing nothing entails relaxing activities like beachcombing, seashell hunting and horseback riding. And for the ambitious, there are plenty of golf courses and paddle boarding opportunities. In the tranquil town of Duck, try the Sanderling Resort, where some of the rooms and swimming pools face the wide sandy beach. Adults will appreciate the spa, fitness center, yoga classes and adults-only tranquility pool. Bicycles, kayaks and surfboards are available for rental. At night, kids and grownups alike will delight in toasting s'mores over the fire pits.

A 2013 survey by the Preferred Hotel Group revealed that 21 million Americans had taken a multigenerational vacation in the previous year. That number makes perfect sense given that grandparents make up just over a quarter of all leisure travelers. Not only do parents and grown children and grandchildren get to spend time together; it's also a good way for cousins to build relationships that extend family ties to the next generation.

No matter what your extended family members' ages are, the must-haves on your itinerary should include flexibility, diverse activities and a balance of the new and the familiar. One tip? Plan the trip well in advance, seeking input from each generation. Studies have shown that people enjoy and bond over anticipating exciting, novel and meaningful experiences almost as much as they do when they're having those experiences.