Take whatever preconceptions you have about bed and breakfasts and throw them out the window, because they don't apply. Take the things you don't like about a B&B and throw them out the window as well.
The owner, Jim, has set a very high standard here. Our room was very nicely decorated in the manner of a lodge. The king size bed was very comfortable. The room was at the rear and away from the road, so it was quiet. We could sit on our balcony and watch the trains from rocking chairs. The walk-in shower was huge, with a high shower head and good water pressure. Complimentary drinks and snacks were offered. The only negative was lack of internet, so I had to use my phone as a hotspot. Otherwise, there was not one single thing to nitpick. I really dislike staying at B&Bs, for a long list of reasons. But not one of those reasons was found here. This is a first-class establishment.
Breakfast is not offered, but guests are treated to a complimentary breakfast just down the street at the Boxcar Cafe, and it was very good. Just order from the menu and enjoy. The cafe is closed on Mondays, however.
If you're staying in Chama, this is THE place to go.