One of my favourite hotels in the world is the Hyatt Regency Tamaya Resort. It's about 20-25 minutes from Santa Fe, but worth the drive. The resort is tucked back in the hills, VERY peaceful and quiet. The staff goes above and beyond, the pools are great, the golf course is pretty good, and the hotel is modern and comfortable.

A few years ago, you could get this hotel on Priceline for $85 or less. But those days are long gone. Sometimes mid-$100s specials pop up on Hyatt.com, but usually you will pay $200+ for the resort. It's a great hotel.

I've also heard good things about the Inn of the Anasazi, but have never stayed there personally.