Amazing location with Caldera views and nearby bakery + super market. As other reviews noted, second bedroom smelled musty, bathroom smelled bad, wifi doesn't reach second room and the balcony table & chairs plus umbrella are in need of serious maintenance. Having to manage about 6 keys for the property was a bit of a nuisance as well.
We did not have any issues with hot water and were 5 people, but this was during spring with plenty of sunlight. The arranged transfer from/to the airport was excellent.
Overall it's a good spot to be in if it's the right price, but don't expect anything spectacular but the view.