Pros: You can't beat the view from the balcony of the caldera - I'd argue it's one of the best on the island. Great location and the balcony has a nice sunshade so you can really enjoy the view. Very close to some great picture spots to get some great shots with the iconic blue church domes within minutes. Fira is a nice walkable 20min walk, will be a good workout on the way back. Vicky was a great host with great recommendations on restaurants and activities. All of her recommendations and help with reservations were top notch (A+). Everything about the location made our stay memorable.
Cons: Lots of beds, but main (two double beds) are in a loft with a steep set of stairs. Not very convenient if you want to access the bathroom in the middle of the night. Would not recommend for folks with small kids. Most of the inside space is an open area with not a lot of privacy / individual rooms.