Pros:
1. Cece (the owner) is terrific. Very responsive and quick to fix any issues that come up.
2. This is a great little place. Think of it as a well equipped hotel room.
3. It's in a beautiful location.
Cons:
1. It's FAR from everything. If you're looking to get away from the hustle and bustle of the strip, Freemont street, etc., it's great, but if you plan on hitting the night spots, you'll have a long drive. It's 10 miles just to get to the freeway. And there are no local businesses, not close grocery store or other conveniences.
All-in-all a great place, just be aware of where Lake Las Vegas is relative to Las Vegas is overall.