If its just going to be you and some buddys then what Katosan suggested. Rancho Buena Vista is a pretty cool place but it sits by itself way out there. Good value, great food. La Paz itself is also real nice. Cabo is cool just sort of a downer when you pay like 3 bucks for a beer. In La Paz, the hotel Las Arcos is a good place to stay.
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Clearwater/Salmon Super Freak