The Banana Bungalow was the perfect base for exploring the Cayo region (ATM Cave, Mountain Pine Ridge Forest Reserve, San Ignacio, Xunantunich, etc.). It's only a short 10-15 min drive away from San Ignacio, so you won't miss any of the action there. And at the end of a full day of exploring you get to return to a tranquil jungle paradise.
Cheryl and Jeff are such warm, friendly people. And you can certainly tell they've put a whole lot of care and attention into making their place a jungle paradise. If you get a chance, you should ask them about how they came to start Lucky Dreamer Lodge! Also be sure to ask them about their favorite places to eat in town and in San Ignacio. Actually, be sure to tell them about your plans after staying with them, because they have great recommendations for things to do/places to eat at all over the country!
You might have noted that the bungalow doesn't have AC. In our experience we were completely fine without it. My wife struggles with insomnia, but she slept great both nights we were there (the temperature was great). This unit cools off quite well in the evening, and the fans provided are sufficient to get the air circulating.
I'll end by saying that, if you're looking to get a taste of authentic Belizean life, Cristo Rey is where you want to be. My wife and I loved it so much we can't wait to return.