Let's start with the positive: the location could not be better. Conveniently located between the Old Town and "the new Riga" (which is highly recommend, especially for the food!), the area is peaceful and beautiful and you can walk easily everywhere.
However, the apartment itself – being very beautiful and having a lot of potential - could use some TLC. Everything is bit dated, especially bedding (and the beds – we stayed for 9 nights and my back certainly will remember it). The place is pretty but not very comfortable (and there are not enough cleaning equipment, for example vacuum as the other bedroom's wall-to-wall carpet was rather nasty when we arrived). Also, depending who is staying upstairs (there is also an AirBnB), it can be a little bit restless.
Having stayed in many AirBnBs, this one lacked the personal, welcome feeling (communication was minimal and very standardized) and there were a lot of little things (lack of "house manual", the previous tenant's laundry left drying in the living room etc) that would stop me from recommending this apartment, despite its excellent location.