I actually really like this place, but I'm giving it low stars because they dramatically increased their prices this year. We stayed in Casa Bonita in 2011 for 2 nights - stayed in the very pleasant Delfin suite, and we paid $60 a night. We were going back to Yelapa for 3 nights this year (after a week in Vallarta) and were going to stay at Casa Bonita again. However, when we checked prices online they had increased the price for the same room to $115 per night. Although the place is very nice, it is pretty basic, and not worth that price in this location. We ended up staying at Hotel Lagunita (right next door on the beach), which was really nice, for $140 for THREE nights (so less than $50 a night). Unless Bonita drops their prices they will lose a lot of business (they looked empty when we were there).
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