I very highly recommend staying at Modi's apartment in Santa Spirito. The tourist traps are a short walk away (5-10 mins), but if you prefer to travel to experience the local way of life, this is the perfect location - the locals are friendly and lively. Modi gave fabulous recommendations for food and coffee so be sure to pay attention. The apartment is large, the bed is comfortable and everything you'll need is within reach. Of course the terrace is a highlight too. The street can be noisy at times with scooters and old Italian guys having a chat, but soak it up - it's authentically Italian. Communication with Modi was exceptionally easy and he even offered a free night accommodation and invited me to his gig when my flight was cancelled. If I'm ever in Florence again, I know where I'll be staying!