In a nutshell: this is an excellent rental for someone who wants to stay in the heart of South Beach without breaking the bank.
In more details: Anita is great to deal with, very flexible and responsive. The front desk is very friendly and helpful. The location is great, and for the price it is unbeatable. Get out of the hotel and walk around the corner to Washington St. where the little food shops, grocery stores, pharmacy, bus stops, etc. are. Walk one more block to Collins and you'll have all the fancy shopping, one more block to Ocean drive and you'll be on the beach. I simply loved it.
Few more details: the rental exists in and is managed by a small boutique hotel. It is really a hotel room that is rented as a condo so you won't get the daily room service but you can get supplies if you ask. Keep in mind that this is not a 5 star resort, so the structure is old and not fancy, but it is clean. If you are a luxury traveler then this won't work for you, but if you are a travel junkie that's looking for a clean spot and real value then you just found it.