This is a great place. The view is amazing. You can walk into Ornos for a coffee and small breakfast, or even to Mykonos town (although the road is a bit dangerous).
However, I prefered to be outside of the loud noise of Mykonos town, and the villa is only around 10 minutes driving from the town. You get the best of everything: view of half of the island, the amazing port, all of the cruise ships, etc. but also total quiet.
Please note, Mykonos is very windy certain times of the year, which we did not know. But, it did not bother us at all, we had the most amazing time. The villa felt super cozy, one of the best Airbnb experiences I've ever had.
The host Nikos was amazing, he helped arrange a rental car, he even got us kitchen knives since the kitchen originally didn't have sharp knives for cooking since most people probably only eat out or order food, but we liked to cook.
HIGHLY recommended.