It looks cheap, it looks poorly acted (not even hamming it up, just people who have no stage presence), and the special effects are certainly from a modern production with their lack of practical effects. There is no doubt that some of their effects are done with physical objects as opposed to CGI, but they are so poorly/cheaply done that it can't be hidden. They are so separated from the old effects houses that made the originals and films like Dracula so haunting that it feels like a homemade movie. As for pin the tail on the tranny's head, it has no presence, it's set dressing. There's nothing menacing about a tween in a halloween mask.