The Studios are owned by the Louis Family who are extremely welcoming and very nice. They were available to assist us for whatever we needed; including renting a car. Dimitris and his Father Nicolas are the main points of contact; I cannot say enough about how helpful they were, even going so far as to pick us up from the port when we arrived and also dropping us off when we left (this is an extremely nice gesture and so helpful.)
Our stay at Louis Studios was very nice. The property is as shown in the photos. Our studio opened out to a beautiful view of palm trees and the pool. We had a little patio that we sat and ate breakfast in the mornings and enjoyed a glass of wine in the evenings.
The studio itself is equipped with all the essentials (Pots, Pans, Silverware, Electric Kettle, Fridge, no stove but an electric burner with 2 elements). There is A/C, A Hot Shower, WIFI and the room is cleaned everyday. There is a market 2 mins away where you can buy stuff for breakfast and simple dinners (nothing too sophisticated, remember you just have two burners) but we made bacon and eggs a few mornings and pasta and meat sauce one night for dinner and sandwiches one day for lunch (we ate out for lunch and dinner most of the time).

In terms of location there really is not too much going on around the studios, there is one restaurant about a 15 min walk (which is actually very good) and the town (Fira) is about 20mins away by bus (everything you want to do is either in Fira or Oia). The bus is safe and cheap; however not always on schedule. We rented a car and that really saved us we could pretty much go anywhere we wanted to on the island, and we did. A Car, ATV or Moped is highly recommended.