We had the large studio, and we couldn't have been more happy with it.
Great and friendly reception.
Very nice apartment with great view. Good quality bed, nice bathroom.
They grow their own salad and bananas, so you can get that if you ask for it.
You can get a basic breakfast as well (5 Euro per person at the time of writing - Dec 2015).
You'll need either a car or good legs to get down to Funchal from CdPV.
You can follow the Levada dos Piornais (See Levada) basically to the center, and the Levada is obviously almost horisontal, but there will still be some very steep declines to go down (and up).
If you arrive (and do not rent a car) they can arrange both a taxi from the air-port, and they can recommend a restaurant in the nearby village Camara de Lobos which has a free taxi service. We were actually there twice (Vila do Peixe). It really is a very nice restaurant, good food and good atmosphere and the free taxi is not reflected in the prices.
Curious fact about CdPV - because of local regulations there will be no detergent or dishwashing brush available in the apartment. So you might wanna consider bringing a small sponge or like to do dishes with. Otherwise you'll need to buy it.
We would love to come back.