Is cool man, but... still 80s
Like with anything 80s, realism was, of course, thrown out of the window. And the race politics, well you can say it ain't 2016 for sure.
I do enjoy the boat, chained alligator and the cool cars and clothes, but it's rather stupid that our two boys are pretending to be "just two dudes from Brooklyn trying to buy some magic powder" in one scene and at the later scene they drive the same Ferrari to crime scene (related to crime and people they are investigating!) and flashing their badges around. Or just going to the precinct. You would've thought the whole city would know who those 2 are, but apparently criminals in the 80s Miami are stupid and careless.
Also the one episode (episode 4 I think) that just introduced some random "buddies" of Crockett on the boat, and that one guy who bet some money on who will get most arrests during the month- him or Crockett? It was oh so obvious setup for what happened later that I wanted to cry and/or laugh at the poor stupid "redshirt" guy bragging about his crime fighting skills before leaving the precinct to go and catch bad guys.
The show also does the typical 80s winking at each other and audience a lot. Alligator is, of course, the most stupid plot device ever, but there is ton of little buddy "winks" between Crockett and Tubbs and also the episode where Crockett takes his ex-wife by hand and leaves the lawyers behind and then sleeps with his ex-wife after the divorce. Typical "macho dude" moments. I don't mind them much, but generally that is very 80s thing and nowadays you wouldn't see that as much.
What to say about race politics. People will argue that Tubbs is very important for the show, even if Crockett is the main star obviously. But still the "non-interracial" everything at least what I have seen from the first season, is still present. Tubbs flirts with a black policewoman, Crockett with the white one. Even in some friendly scenes they are usually paired with the person of their "appropriate" colour. But at least as with The Cosby Show, at least 80s America acknowledged that "father knows best" part of black America can co-exist in the same country with white dudes and dudettes, if they are separated from each other in family/sexual life.
Overall though I still like the show very much. But i wouldn't say it has some higher value than just a picture of the America of the 80s - culture, music, vibe. It doesn't really break much ground with characters and scripts, storytelling yes- it definitely "expanded" the look of TV to be more expensive and captivating, but same can be said about Dynasty and Dallas