For starters, luxury vinyl tile is available in many natural stone-look surfaces such as marble, granite, slate, and many others. Luxury vinyl plank is available in wood-look options such as oak, teak, mahogany, tigerwood, pine, and many, many more. The reason we bring this up here, is because these flooring systems look so authentic to stone and wood that they can be hard (if not impossible) to tell from the real material. This is due to high-definition photo imagining that creates surface films that mimic the real thing, right down to the point that no two tiles or planks are the same!
Of course, the next benefit is the lower costs. Now, you can have a truly authentic looking stone or hardwood floor for a fraction of what it would cost for the real materials.