We stayed with Adrian and Anna for one night on our way back to Wellington from Hobbiton. This is one of our favourite AirBnBs in NZ so far. Clean and comfortable, with space and a bathroom all to yourself, it is the first that has provided a fridge for your own use which was great for us to put our food in overnight. Giving you space and privacy, the house rules let you use upstairs and cook in the kitchen between 8am and 9pm, which is quite handy and totally reasonable for a family with small kids. We didn't notice any noise from the road and slept really well. About a 5/10 min drive into the centre, on a nice day would be nice to walk round the lake.
Good communication with the host and as we were travelling during the recent floods, were able to check wit them it was affecting them locally.
We'd recommend if you're thinking of staying in Taupo for a night and would use again if we have another weekend there.