This is a great place and I would definitely stay again. The furnishings are nice and comfortable, with a good kitchen and in-unit laundry room. Plenty of closet space in the bedrooms.
Nicholas's place is in a complex that's pretty much in the middle of the greater Las Vegas area, so nothing's particularly far away. The Rio, Gold Coast, and the Palms are all easily walkable and the new AYCE buffet at the Palms is really good (get a free STN players card to get a discount). While the strip is kind of walkable, it's much nicer as a 5 minute drive (free parking at the Venetian/Palazzo) than a long walk over or under a highway.