I'll echo the comments endorsing The Hotel and Shops in Chama. Clean rooms, great hosts, great location and wi-fi. Roger's art (his photos are works of art in my book) and the gift shop add to the allure. Sipping the beverage of your choice while relaxing on the balcony and striking up conversations with other C & TS enthusiasts is probably the best part. I last stayed in 2011 and my then 9 year-old son enjoyed it to.
If you will be staying during train season, stay at The Hotel and Shops.
The facility has been noted for sale on the web site at least since I last visited in 2011. I have spoken to neither Roger nor Barbara about it, but since the property has been for sale so long, my hunch is that they are not desperate to sell, but are ready to have more time to themselves if/when the right offer comes along. My father had the exact same attitude before selling his business some years ago. One day, someone came in and asked if the business was for sale, and one week later they had a deal.
Wayne Cohen
SF Bay Area