We loved staying in Imerovigli. It's a 15-20 minute walk to Fira (the capital) and a 15 minute drive to Oia (great shops and place to watch the sunset). You can also hike to Oia in about 2 hours. The view and location were incredible and I thought it was a good value. You can also use the Zenith pool and bar right next door. My only complaint is that it isn't technically a two bedroom. The downstairs bedroom is two couches/benches made up into a bed. It's in the main living / kitchen area. Other than that, we enjoyed our stay very much.