My business partners and I have been fighting against disgraceful guests for years. There are something we can do but sometimes our power is limited. Personally I only list small units. The largest unit I list is one bedroom apartment. This basically got rid of almost all party possibilities so I don't have such issue at all. My business partners have whole house listings and it's TERRIBLE. They have encountered disgraceful guests sometimes (not too often but not occasional either). From the experiences we have here are the things I would suggest.
1. State the house rules clearly and heavily, in the house rules, and check in instructions. Give the guest the notice that breaching of the noise rule will result in immediate cancellation of the reservation and they will be kicked out, plus they will receive no refund.
2. Also put note of the rule around the entrance, or anywhere obviously noticeable to emphasize it.
3. Talk to the neighbors often and give them gifts. You are doing this as business so this is the necessary cost to maintain some relationship to keep your business going. Ask them to inform you in case of such incident and promise you will take immediate action.
4. AVOID LOCAL GUESTS unless there's a valid reason, for example a family is finding place while their house under renovation. Those local people are most probably here to get together and have party.
Legally, you can ask the police to kick them out, given that you have to cancel the reservation and claim them to be trespassing. However in that way you will lose the income by default and have to deal with the mess after them. Monetary loss in exchange for neighbors happiness, your choice. On the other hand, if you don't cancel the reservation, police cannot kick them out since they have valid reservation so they have legal right to stay here. Airbnb cannot help too much either. You may contact Airbnb and ask them to do anything, but they can't get the guests out of your house physically either.