For Cabo Pulmo, these five thatch-roofed villas can be considered fancy. They're set in the local village and like the rest of the community, they run on solar power; don't be surprised when the AC or wi-fi cuts off. On a brighter note, the resort's Coral Reef restaurant is fabulous and the all-inclusive (eat, sleep, dive) packages are excellent value.
Weights and tanks are part of the deal. Other dive equipment costs extra.