We were staying at Cliff Bay Hotel just across the main road from Lareira, so it was an obvious choice if we did not want to have the hotel's excellent buffet every evening. We agree with other Tripadvisor reviewers that Lariera is outstanding, without being an an expensive gourmet place.
On our first visit we had filet steak on a hot stone (our first experience) which was tender and
cooked to medium-rare (by me!). An important point was that the selection of vegetables was very good and they were crisp and not over-cooked as can happen in other restaurants. Service was friendly and attentive. On our second visit, our friends ordered the mixed fish platter which was splendid to behold and of excellent quality. The house wine is good. Although we lingered over the meal and were almost the last to leave, there was no hurry to eject us and the bill came only after requested.