Blessed and holy: for Blessed see 1.3; holy here has the meaning of being completely dedicated to God, belonging entirely to him. Neither Revised Standard Version nor Good News Translation has done an adequate job of representing the meaning in this context. Biblia Dios Habla Hoy translates “Happy are those who participate in the first resurrection, for they belong to the holy people.” And Barclay has “God’s joy will come to the man who has a share in the first resurrection! He is one of God’s dedicated people.” These two translations are better.
He who shares in the first resurrection: the gender-inclusive plural should be used in languages where the singular excludes any women, “those who experience this first resurrection,” or “those who are raised from death at this time,” or “those whom God raises from death at this time,” or “those whom God causes to come back to life at this time.”
Over such the second death has no power: only at verse 14 is the reader told precisely what the second death is. It is better not to give that information here; and the mention of the first resurrection makes it possible for the reader to get some idea of what the second death means. But if the literal phrase the second death carries no meaning or carries the wrong meaning, then a translation can say “Those who take part in the first resurrection will not experience the second death, that is, eternal death in the lake of fire.”
They shall be priests of God and of Christ, and they shall reign: “they shall serve as priests of God and the Messiah, and they will rule as kings.” See 1.6; 5.10.
Alternative translation models for this verse are:
• Those who are included among the ones who will be raised from death at this time are happy indeed; they are God’s own people. They will not die the second time, but they will be priests in the service of God and of the Messiah, and they will reign with him for one thousand years.
Or:
• Those whom God raises from death at this time are happy indeed; they are his own people. They will not be destroyed in the lake of fire like dying a second time, but they will serve God and his Chosen Savior as priests, and will rule….
Quoted with permission from Bratcher, Robert G. and Hatton, Howard A. A Handbook on The Revelation to John. (UBS Handbook Series). New York: UBS, 1993. For this and other handbooks for translators see here .

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