Has anyone here "remodeled" their front yard landscaping to change from gradual slope from foundation to street to a tiered / step down setup?

One of our neighbors front yard is setup like this and I'm looking into if it might be a good fit for our yard. If I get further down this road I'll get a landscape architect and prof. landscaper involved.

I'm not well versed in the landscaping world so at this preliminary stage I thought others on the board might have experience/insight as to what this process looked like, what requirements/restrictions would automatically preclude this from being a realist possibility, etc.