Model‐Based Systems Engineering (MBSE) is the next step in the evolution of systems engineering (SE) in which documents are replaced by descriptive models as the authoritative embodiment of SE knowledge. These descriptive models possess a unique combination of the features and characteristics of documents, software, and data. Conscientiously applying appropriate modeling principles and practices is essential to make informed decisions to moderate the accumulation of model technical debt. This paper briefly explains the concept of technical debt and its adaptation to the domain of descriptive models for MBSE. The paper then describes 18 foundational modeling principles that model architects should consider when making architectural and implementation decisions about their models and describes some of the key model technical debt tradeoffs that result when these principles are not followed. These principles address commonly observed challenges regarding model federation architecture, the selection and use of model layers, the modeling of the domain, and the semantics of modeling constructs. Applying disciplined model architecting practices to conscientiously manage the accrual and payoff of technical debt can make the difference between an enduring model that provides substantial value throughout the life cycle of the modeled entity and a model whose value collapses under the weight of uncontrolled technical debt.