We enjoyed our stay in studio 2. It has a great view and waking up to that is really amazing. The studio itself is very basic and I would say it's self catering in the sense that you can make tea or coffee and a sandwich but cooking would be a challenge. There are many restaurants and a grocery store close by however so we had everything we needed. It's a great location and car rental is super easy and affordable if you want to explore more of the island. Imerovigli is a lovely village. It's an easy walk to Fira. You can also walk/hike to Oia. We took the bus once while we were there and it was fine. Stamos, who checked us in, is very friendly and never far off of you need anything.