As my wife and I have acquired more bike stuff I found the need to put it somewhere. I did a little research online and decided to install 2 sets of Racor bike hoists.
The installation took about 3 hours mostly because I wanted everything even and to ensure that I mounted the brackets to wood and not just sheetrock. The end result is a set of racks on 16" centers that easily store 4 bikes.
A tip for after you've installed the hoists is to put a knot in the cord at the limit where the bike tires just touch the floor. This is great for holding your bike while you inflate the tires and get ready to ride.