Skyrim does it better in my opinion. It resets a block after 2 game days (144 minutes playtime, and waiting, sleeping and faster travelling make time pass faste

Skyrim does it better in my opinion. It resets a block after 2 game days (144 minutes playtime, and waiting, sleeping and faster travelling make time pass faster). So you can leave the loot that you can't carry in the dungeon, and after you get back to it, it would still be there. So it feels more "realistic".