We stayed at Cottage Bed and Breakfast for a romantic weekend and enjoyed our stay immensely. For an inexpensive B&B it is really well kept up and the owner obviously cares a great deal about her place. The no breakfast option suited us fine as I am not big on continental breakfasts anyway. Reading about the "funny rules" review makes me think what spoiled brats people are. A few rules to keep the place looking nice are easy to bear and are very understandable considering it is not a hotel but the owners residence.
If you want a quiet and clean place to stay in Banff a short walk from the main strip, then this is your place. The owner told me that they are renovating the basement and installing a proper kitchen for next summer. I can't wait to go back.