Location, location, location. This loft is located in the perfect spot. It is within walking distance of every major attraction, museum, bar, restaurant, etc. It is outside of the French Quarter, which is where you want to be to avoid the craziness at night. Plus, it is much cheaper than anything you can find across the street; but, it is still within easy walking distance of Bourbon Street, Jackson Square, etc.
The not entirely great: the loft contains an object of evil so great I almost called in one of the voodoo priestesses to come cleanse it, lol. The couch is atrocious. That is, unless you like sitting on plywood, which is what it feels like. That thing needs to be replaced asap!
Aside from the couch from hell, the loft is great. It has what you need, which really is just a bed and a shower, because it's NOLA, if you are inside, you aren't doing it right!