If you want to experience the non-tourist parts of the island, and experience life on the local farms, then This is the ideal spot. Mike and Jackie were most gracious, inviting us to enjoy walks around their farm, and blessed us with some of their own produce when it was available. The Farm Cottage is plenty spacious for a studio, especially in the traditional Hawaiian style of outdoor cooking and dining, as the covered area for these is as large as the indoor portion.
The view of the ocean by day, and stars (or clouds - it's the East side!) by night, were serene and calming, especially from the grassy slope just beyond the lanai cover, so we found ourselves sitting out there in total darkness, in wonder at the sky and the many exotic songbirds that come to life after sunset.
The cottage is plenty secluded to provide privacy and a truly "in nature" setting, while also not being a long trek from the road, and being right in the middle of the working farm. We love animals, and their dog Lucy would visit us every morning at breakfast time, and sometimes in the early evening, if we were outside. The sheep and goats were curious and friendly too.
Location wise, you have a bit of a drive (about 30 minutes) to the bigger cities of Hilo and Waimea, but you're right in the middle of both. But this also gives easy access to the Saddle Road to visit Mauna Kea summit or hiking, and Mauna Loa Access Road (we did not make it there). Also the stunning beauty of the Waipi-O Valley, and the northern-most towns and sites are within easy reach, as is the most remote parts of the western coast (you are near the narrow point of the Island), so we found there were many things to do. (RECOMMEND: Rent E-Mountain Bikes in Waimea and ride up the dirt/clay Mana Road for an up close experience in cattle country, and an exhilarating downhill on the return trip).
We would definitely stay at the Farm Cottage again on a future trip.