I used to live in NM. Here are my favorites:
The EL Dorado is a great hotel. It often has $139.00 specials if you go to their website. The coyote cafe has excellent margaritas and food. The view from the balcony of the "big sky" is spectacular.
In Taos, we always stay at, and eat at, the Taos Inn. Their resataurant, Doc Martin's, has great food and a great ambience.
I LOVE NM. Have fun!


Julie