Relaxing getaway on Lake Travis
We favor this unique hotel that is built into the side of a cliff overlooking Lake Travis. The views, small property atmosphere and affordable accomodations keep us coming back each year. 
Just returned from a weekend trip with another couple (with kids we were a party of 6). Had a great weekend full of rest and relaxation at the outstanding pool. We had no problem finding seats each day at the pool, and the customer service was on-point by the pool waitstaff and bar. This property really does have the ideal set-up to please any traveler. The adult pool w/ tunes jamming is on one side of the deck and the family pool with a curly waterslide, spouting water and shady cabanas is on the opposite side. Everyone coexists perfectly and has a blast doing so - and everyone has a great view of the lake as the deck is surrounded with glass. 
Overall, we really enjoyed our time here however, do be prepared for the Austin laid-back attitude to spill over into your trip. For instance, the free wine & beer happy hour each day from 5-6pm sounds awesome, but the wine is sub par and the live entertainment never showed up. Whomp. Other drawbacks include overpriced mediocure food at the onsite restaurant and old lound a/c units that clank on every 10 min. or so in your room.
It's all about rest and relaxation here - the views and the pool are the draw. Don't expect a 5-star property with 5-star amenities, but do go to chill out and recharge for less than a few hundred dollars a day. The staff is very accommodating and the rooms are clean and large, so give it a try and you might just find the perfect weekend getaway spot hidden in the cliffs of Austin.
Our favorite, affordable food near the property: 
Cafe Lago - the local's breakfast spot down the road.
The Oasis - awesome 5 story restaurant with sunset dinner and live bands.
Iguana Grill - delicious mexican food & every seat in the house has a view of the lake. 
Mr. Gatti's Pizza - they deliver to the lobby (and their dessert cinnomon sticks rock).