What if you want your VM that is configured for Host-Only mode access the internet?
Port forwarding using NAT is an option. But for me that sounded to complicated. I had the following requirements:
- The host should be able to access services like Apache or GlassFish on the guests (the virtual machine)
 - The guests should be able to access the outside world (intranet/internet)
 - The guests should be able to talk to each other using fixed IP adresses
 - The host should be able to talk to the guests using fixed IP adresses