We consider the X-ray luminosity difference between neutron star and black
hole soft X-ray transients (NS and BH SXTs) in quiescence. The current
observational data suggest that BH SXTs are significantly fainter than NS SXTs.
The luminosities of quiescent BH SXTs are consistent with the predictions of
binary evolution models for the mass transfer rate if (1) accretion occurs via
an ADAF in these systems and (2) the accreting compact objects have event
horizons. The luminosities of quiescent NS SXTs are not consistent with the
predictions of ADAF models when combined with binary evolution models, unless
most of the mass accreted in the ADAF is prevented from reaching the neutron
star surface. We consider the possibility that mass accretion is reduced in
quiescent NS SXTs because of an efficient propeller and develop a model of the
propeller effect that accounts for the observed luminosities. We argue that
modest winds from ADAFs are consistent with the observations while strong winds
are probably not.Comment: LateX, 37 pages, 7 figures; Accepted for publication in The
Astrophysical Journa