First, the management was extremely helpful. We arrived at the lodge pretty late, so the manager left the room key in an envelope outside the office. We dropped it off at the office the next morning.
We stayed in room # 4. The room had two full beds which worked well for three people. It was very clean and had a cozy mountain feel. Beds were comfortable. Slept great with the exception of the wind outside. Room also had a small TV, coffeemaker with coffee, and a heater that works VERY well (don't set the temp. too high).
The cafe was OK. Prices were mid-range. Pancakes were HUGE and delicious, but eggs were a little overdone.
We went snow-shoeing on the Lost Lake trail just a couple miles west of Nederland. I definitely recommend it.