We attended a wedding last Nov in Miami and stayed away from South Beach because of the over-priced hotels. We found The New Hotel on Tripadvisor with great reviews so we booked it right away. When we got there, Ann (the owner) greated us and gave us some information on what's going on around the area such as festivals and other attractions in North Beach and South Beach. She was extremely friendly and hospitable. The rooms were small but very clean. The area was in a nice neighborhood and the beach is just around the corner. There's a restaurant a block away called Sazon that serves great and cheap food. The parking situation is also great considering that in South Beach where all our family stayed in, they had to pay $20/day for parking. The New Hotel is located in a residential area and if you can find street parking, it's FREE! Otherwise there is a small parking lot on the corner that charges $10/night. We definately recommend The New Hotel.