I use a three part mixture of teak oil, thinner and semi gloss poly. I use between 3 and 6 coats depending on the woods involved. Woods that are less dense or more open-pored tend to drink up a little more, requiring more coats.
Owners of instruments with this type of finish do not need to reapply this oil. For maintenance and cleaning, I recommend a product called Howard Feed & Wax. It’s great on the body, neck and fingerboard…..especially the fingerboard. Howard Feed & Wax can be applied either every 6 months or during string changes. You simply apply a small amount to a soft dry cloth, wipe it on, let it sit for a few minutes and wipe off the excess with another soft dry cloth.