Editable Meta Data for Custom Post Type Archive Template

After some offline conversations with other developers, I came to the solution of creating a settings page under any given custom post type menu. A quick way to get up and running is by using Advanced Custom Fields PRO with this handy snippet by Jared Atchison:

<?php
/**
 * Create ACF setting page under Events CPT menu
 *
 * @since 1.0.0
 */
if ( function_exists( 'acf_add_options_sub_page' ) ){
    acf_add_options_sub_page(array(
        'title'      => 'Event Settings',
        'parent'     => 'edit.php?post_type=events',
        'capability' => 'manage_options'
    ));
}