We loved the Mayan Monkey! It had everything we needed ~ a communal kitchen, and also breakfast/lunch if we didn't care to cook, plus a bar beside the pool. The staff was terrific ~ especially Jaime (6 Stars for Jaime!!!), whose attentiveness and service went above and beyond. The location was perfect. Normally, we'd prefer a hostel someplace close to the local tiendas and restaurantes, but we were only in Cabo for a few days, so why not throw ourselves into the maw? We splurged and stayed in one of the rooms with a view of the harbor.
Advantages: Comfortable bed, air conditioning, private balcony. Awesome sunrises watching the boats glide through the harbor, birds soaring overhead, sea lions barking on the docks.
Disadvantages: No hot water in the shower (but you get used to it). Our room was above a street level bar, and from 10am to 8pm, the music was non-stop. The speakers for said music were directly below our balcony. When I say it was loud, I don't mean it was annoyingly loud ~ I mean it was permanent hearing damage loud! It was impossible to relax in the room or have a conversation. Meanwhile, the rooms around the corner along the walkway (without the harbor view) were peacefully quiet. We'd escape the noise and go to the pool, but there was always music on there, too. Not as loud, but definitely louder than it needed to be.
5 Stars for location and everything we needed for a few days.
Minus 1 Enormous Star for the insane, incessant noise.