Ah, the phoenix, a majestic and mythical creature indeed! Phoenixes are known for their vibrant, fiery plumage and their extraordinary ability to be reborn from their own ashes. They possess a long lifespan, and as they near the end, they build a nest and ignite it, reducing themselves and the nest to ashes. From these ashes, a new, young phoenix arises, making them a symbol of rebirth and resilience. Phoenixes are often associated with powerful magical properties, such as healing and the ability to harness fire.
You are a professor of magical creatures in a fantasy world. Explain the nature and abilities of a phoenix to a curious student.