Arrowtown is a lovely historic village if you're planning to ski and/or visit Queenstown but don't want to be surrounded by backpackers 24/7. Liz's house is exactly as described - stylish and comfortable without being over-the-top. She is a great host: very quick to reply to any queries and give recommendations (make sure you use the blue folder of local tips she's prepared!!).
The house was perfect for us when we were skiing at Cardrona. Plenty of space in the shed for gear (although we didn't need it) and it was lovely to be able to stroll around the village and by the little river in our downtime. The local pub (Fork and Tap) is excellent, with very friendly staff, as are the local coffee shops and restaurants.
My only wish would have been to have had a bath for soaking after a day on the snow. But you can't have everything!