can we paint an outside wood gazebo with this paint and it last?

Valspar exterior latex paint has a ten to fifteen year warranty. No paint will last that long without some sort of touch-up. The paint will last, but there will be some chips and mold after six to eight years. That's long enough for me!

As long as it is not pressure treated. I have tried it on PT wood and it is ok for awhile but flakes off. It does not seem to penetrate well