Cold & Expensive.
The rental is very close to the main house, not private.
The “house rules” include instructions to set the temperature at 50-degrees when away from the rental. The weather was in the 30s and the three small wall-heaters (space-heater size) only warmed the two-story space slowly.  The ground floor is cement. We don’t wear shoes inside, and our socked feet became cold immediately, even when the heaters were on.
We knew that every time we returned, we’d be cold. For ~$270/night. At Christmas.
We sacrificed the non-refundable rental fee and moved to a hotel.
That hotel was the best holiday gift we've ever given each other!
More details:
* The loft/rental is located in back yard of the host’s house. The back yard is not huge. The pictures don’t show that only a few feet separate the front of the rental from the main house’s back porch & sliding glass door. Check the satellite view of the property to see … oh wait, you can’t because the property address is delivered later.
* The private parallel parking in the alley does not really fit a typically sized car without blocking part of the alley, which the house rules warn against. In the dark & rain & wind, we ended up parking at the end of the alley and walking back ~1 block.
* The locked back gate entrance & rental front door are uncovered and exposed to the weather (rain, snow, wind) as you enter the codes.
* The metal staircase shown in the pictures is narrow even for skinny people. It's also cold, and slippery in socks. The bottom of the staircase is unprotected and I bashed my temple against it.
* The loft upstairs with the main bed has sloped ceilings on both sides of the bed. It’s too easy to hit your head, which we did twice soon after climbing the stairs.
* The horizontal blinds covering a main window by the kitchen area were missing a section of slats, offering an easy view into the rental.
* The downstairs convertible couch/bed was thin and uncomfortable. We considered sleeping there instead of the upstairs bed & sloped ceiling, but couldn’t imagine getting a good night’s sleep compared to mattress upstairs.
* The rental was clean.
In the end, we were very happy to have moved to a hotel - with a warm room, comfortable bed, not hitting our heads, and plenty of parking near the entrance.
It snowed that weekend.
As the hosts told me when I complained, the pictures do show (some of) these issues. So, before you rent this property, I recommend that you really study the photos, and check the weather forecast for Portland.