Be sure to check out my recent blog post regarding my Windows 10 Feature Request (and Interim Solution): Wildcard HOSTS file entries. Here is an excerpt:
As a consultant building multiple web applications, especially solutions built with the Sitecore Experience Platform, I would spend too much time adjusting entries in my C:WindowsSystem32driversetchosts file. If you are unaware of what the hosts file is, you can find out all about it and it’s history in this Wikipedia article: wikipedia.org/wiki/Hosts_(file). Some time ago I started implementing what should be a simple standardization best practice: all my local development sites utilize a common top level domain – .local instead of .com. I have seen others use .dev and any other non-typical top level domain would work just as well.
Source: ASPAdvice Blog