For me it's a 440 sq ft. Apartment in a complex of 42 buildings. Sounds dreadful, but the buildings are well spaced and the grounds have lots of trees and plants and animals living in them. It's a half a block walk to the bus and all the services I usually need are in the same little valley. The neighborhood is pretty good, nice to walk in with a network of streams full of fish, birds, small mammals etc. The River Trail, Little Rock's big MUP is about 15 minutes ride away and there's a lot of other good riding available and there are two good LBSs within a mile.
I like it, its inexpensive, I don't have to spend time doing maintenance, so I can focus on other things. So it's simple living as in not too much distraction, which is a good thing.