In the physics we've studied upto and including special relativity, space and time are considered real physical objects each, and something like length contraction and time dilation were considered real physical effects. Indeed time dilation is experimentally confirmed using atomic clocks and more.
When studying more advanced books on relativity and covariance however, the only real thing is the space-time interval, while the spatial components and time component of the interval depend on the coordinate system used, and something like time dilation and length contraction is no longer a profound physical effect but merely an artifact of the use of coordinates.
Besides, different inertial frames are merely considered coordinate systems rotated with respect to each other. In this sense, space-time transformation is nothing profound and is just as profound as the transformation between cartesian and polar coordinates.
So my questions is, which of the two points of view is true and why?