The only reason I choose Baños is because you need neither heat nor air conditioning there. Travelers report the wonderful weather, friendly natives, and natural hot springs. What they fail to mention in much detail is the local volcano and that Ecuador is a volcanic country. They also fail to report on the conservative Christian culture and government. While it's lost some of it's charm for me (including the myths about cheap and/or free housing*) I still would like to visit. And right now would be nice.
*A search on airbnb turned up only really expensive places to stay. None of them in Baños.