The Arapahoe Lodge is a great location, close to the ski school and River Run Gondola, close to all restaurants. The unit itself is pretty tired and in need of some updates. The carpet is very dirty and needs to be replaced, the bathrooms need a deep cleaning and just patching/painting the walls would make this place a whole lot better.
Now onto the management company, do your research before booking through the management company. You won't find many positive reviews (their five star Google reviews are from three different employees each of whom I talked to). My family stayed in this unit for five nights and after checking out were told by the management company that they were charging us for damage done to the TV in the master bedroom. We were told that we broke the TV. The management company started by saying the TV mount was coming off the wall and then upgraded the damage to being broken and needing to be replaced. Fortunately, my wife took a picture shortly after we checked in, that showed the TV mount pulling away from the wall. The management company also sent me a picture of the TV working after we checked out... Not sure how we broke it if it was working after we left.
In general, the TVs in the unit were both very old and hard to work. The TV in the main living space had to be reconnected to the cable box to get it to work. It looked like someone had connected a go pro or something. The TV in the guest bedroom didn't have a working remote, had to power on/off and change volume by hand.
If you read the last review for this property (Nov 2017), we stayed there shortly after her (Dec 2017) and everything she said was true.