The area: Lower Shotover is beautiful with lovely landscapes and a river. It is very quiet barring a few airplanes (close to the airport). There is a bus stop nearby that takes you directly to Queenstown. A great restaurant (Ed's recommendation) and a supermarket are at walking distance. To explore the entire area, one does need a car though.
The AirBnB: Very clean, tastefully set up and better than in the photos. This one is one of the best ones we've stayed at. It's a separate unit so there is complete privacy. Lots of room for storage.
The hosts: Extremely welcoming and accommodating, very responsive and hospitable. They made us feel very comfortable.
Go for this lovely AirBnB for a very pleasant stay!