The good: excellent location close to the strip. You are near the action but have a buffer distance in case you don't want to be in the midst of the chaos of Vegas. Security guards were always there. Beds were comfortable and the extra blankets were warm. Unobstructed view of Rio Casino which was really nice to see.
The bad: I wouldn't call this a luxury condo at all. Make sure you set the fridge on 5 (it was set at the warmest setting so anything will quickly go bad if you don't do this.) No paper towels or large trash cans. You get the minimal amount of items for your stay. We were given 3 towels and 3 washclothes for a 4 day/3 night stay with no extras readily available in the condo. Thin walls. You are close to a major road so you'll hear the street racing and music pumping. The front door handle seems quite jiggly even when locked. The back patio does not lock, so you will need to devise a way to block the door in case someone decided to try to hop into the balcony.
The meh: we never did find out where the pool/spa or gym was. We were never provided instructions or directions.
If you are looking for a place near the strip to just crash with no fluff, this place is for you. If you like the nicer things in life, I would look elsewhere. But at this price point it was to be expected.