The large kitchen/dining area is open to the living room and there is plenty of seating in both. The main bedroom is large with a large walk-in closet. The kitchen is definitely the best stocked I have seen in a rental. The many cabinets and drawers were filled with dishes, glasses, utensils, and all manner of cooking vessels. If I remember correctly, there was even a crockpot. They provided a few detergent packs so that we were able to do a load or two of clothes or dishes without running to the store.
The location was great considering so many rentals in the area are either in the middle of Eureka Springs or much more rural. This house is walking distance to a Dollar General and gas station. There is a local supermarket a short drive away. My friends were even able to get relatively inexpensive one-week passes to a nice local gym (Wolf). We were also only a few minutes drive from one of the many docks/marinas on the lake. The neighborhood itself is sort of inside the golf course, so watch out for golf carts and people walking.
There are only two very minor things that you may or may not see as drawbacks. The two queen beds are very high off the ground, which may be an issue if you are traveling with smaller children. I am 5'4" and the top of the mattress was about at my waist level. We did not find a stepstool. There is also one key in the lockbox instead of a code-based lock or multiple keys. This could be an issue if you have groups headed in different directions.