I was here at college for eight months. Unfortunately, I didn’t really like living here – but I loved the times when I had visitors and could just go out on the plaza and pretend I was a tourist. The shopping is awesome, great (though busy) atmosphere on the square, wonderful weather between April and October. The scenery is nice, too. The so-called miraculous staircase (pictured) wasn’t all that impressive, but the church it’s in is beautiful.
If you’re looking for a nice, affordable place to stay, I recommend the Santa Fe Motel & Inn; if you’ve got money to burn, try Hotel Santa Fe or La Fonda Inn (right on the plaza!). Or if you’re feeling really lucky, go for the Inn on the Alameda. Unfortunately though, you won’t find a large hotel room for under $200/night in any of these. For eating, Pasqual’s (on the plaza) is terrific but busy; Rooftop Pizzeria (also on the plaza – upstairs in one of the mall things) is very affordable for the great atmosphere and food. Blue Corn Cafe and both of the “NYC” delis (New York Deli/Brooklyn Deli) are good for everyday eating, and Osaka is a great Japanese steakhouse, but all of those are way down Cerrillos, a good ways away from the plaza.