Easy access to airport, town center and all of Miyako, Irabu and Shimoji. New, clean hotel with very nice, modern interior design. Friendly, helpful staff. Front desk speaks English; other staff it is helpful to know a little Japanese, but they're still very friendly and helpful. Non-smoking property except in designated smoking room on 1/f. Restaurant on-site was well presented, had pretty good food for breakfast (and great coffee). Also, was easy to walk to the restaurants and shops in the center of town (slightly uphill from hotel). Hotel rents bicycles if you'd rather pedal around. If you have a balcony room, there is a great view of the waterfront.
Only potential cons are totally dependent on your hotel neighbors. Sound travels from balcony and hallway into room somewhat easily so if you have loud neighbors, may be an issue. Also, if your neighbors disregard the smoking rules and smoke on their balcony, it easily comes into neighboring room even if the door is shut.
Would definitely stay again if I'm back to Miyako; good value overall.