With relatively quick access to Cochabamba (it depends on traffic), but in a lovely rural setting, Las Lilas is a stately looking adobe home in front with an arts-and-craft-style patio out the back. There are several dorm rooms of varying configurations, and basic private rooms as well. Hammocks and lounge chairs are provided in the large back garden.
Bicycles are free for guests, and the hostel can arrange trips to Tunari and Torotoro. Bus J runs down Av Ayacucho in Cochabamba and drops you two blocks from the hostel.