The Homestead is on a side street in Carmel which increases it's appeal as far as I'm concerned. Our room had a double bed, a twin bed, a little roof top deck, a full kitchen including an oven and stove, bathroom, and dining area. The fixtures were lovely and old fashioned. There are nice little seating areas throughout the property and you are still walking distance to the beach or Ocean Ave for the shops.
One thing to be prepared for is there is no parking in front of the hotel. There's a loading zone and then you need to go into the more residential neighborhoods to park your car, but this really wasn't a hardship.