We stayed at the Rosedale Inn Luxury Suites...not as luxury as we would have hoped for but still a nice stay. Location is great and you can walk to beach through Asilomar. Great beach...breakfast left us hungry, continental and all so you can only imagine. We went to Point Lobos State Reserve the next day which I greatly recommend! Hit up Willy's BBQ that night- I've had better - MUCH better. The lemonade was so tart, even 3 sugar packets didn't help!
The Red Cafe was yummy for brunch and I highly recommend...a bit of a wait being such a small place.
Have fun if you go - a beautiful place, we'll be back!