We loved our stay in the Piedra. The unit - one of 3 on the property - was comfortable and far more spacious than a hotel room. Having a kitchenette allowed us to do some meals and our leisure time without having to go out. A larger microwave would have made it more convenient. I think one would fit in the existing space.
The location is superb. High enough on the hill to be away from traffic noise. High enough to see the long view. Close enough to walk anywhere in town we wanted to go. Sweet to see kids walking down the hill to school in the morning. It's also close enough to do more than one hike in a day if you want. I'd definitely return if we find ourselves back in Pagosa.