La Punta apartments
You would certainly eat well. It is next to the best restaurant in town--although I am not 100% certain it is still there given the tendency for even good restaurants to change hands. Called Otra Cosa, it is French owned and fabulous.
I have heard from some renters that LaPunta is just fine, but I have also heard that Velero, the brand new resort next door, has some surprisingly inexpensive rentals.
The neighborhood is away from the center of town, but not very far.
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