For being tantamount to a shack in someone's backyard, boy is it a nice shack! :)
It has everything you're looking for out of a place (great aesthetic, comfy bed, etc.) and is reasonably close to a lot of points-of-interest. While it is walkable to downtown (for SXSW), I found myself often opting for the Lyft instead because it is a bit on the longer side for a walk.