My husband and I stayed in Suite Margarita for a week in May. This was our third May visit in a row. (Previously at Veranda and then Cottage Suite @ Point Grace). The Villa Renaissance location is definitely the BEST location. We walked to dinner all but one night.
The suite is very beautiful and a great layout. Ocean front balcony for morning coffee and evening sunset. The kitchen was well stocked with everything you could need. Allied Management was very helpful and housekeeping daily was top notch.
The owner Margo provides all of the info you need to get around the island regarding restaurants, grocery ( shopping cart provided), spa services and water activities.
The best endorsement I can give is that we have already booked Suite Margarita for May 2015!!