Hotel Posada Terranova is an excellent budget option. The location is perfect! Just steps from the centre of the art district and some seriously fabulous restaurants and culture.
This property is fairly quiet considering how close it is to the art district. Even on Thursday nights when the streets fill with people for the art walk, it was relatively quiet. Yes, there are a few neighborhood dogs that occasionally bark, and sometimes you can hear people out in the hallway or guests slamming doors (room doors and doorframes are wood so they close loudly) but I found it quieter than expected and slept well.
The beds are advertised as queen size, but they're doubles. They're quite short so our feet hung off the edge. Mattresses are quite worn and no longer very firm, but the pillows are really nice.
Rooms aren't fancy, but they're clean! Room and hallways always smelled fresh. Sheets changed daily. A/C was tough to figure out, but it did keep the room very cool!
No fan or window in the bathroom. Shower pressure was good and there was usually hot water.
The hotel restaurant has some great Mexican breakfast options. We ate there a couple times and enjoyed everything we ordered. Staff is very kind. I don't think many of them speak English and my Spanish is terrible so it was a bit challenging to communicate, but they were patient with me and we made it work!
Overall I'm very happy with our stay. Facilities are outdated, but they're clean, and the location is hard to beat!