OP....whatever the fuck you do......DO NOT HANG OUT IN Yola. Think twice before gassing up in that shit hole.
Taos is shitty for night life, especially during the week, not during xmas or spring break. However, Eske's is cool, The OBL is cool, The Alley Cantina off the plaza gets live and is probably the best spot to send it deep and overshoot the landing. The Anaconda bar at El Monte Sagrado is swanky, nice, but pricey. By far the best place to meet vacationers with dough, though. Play up the ski bum role, tell a story or two, and you'll probably end up getting drinks picked up by some rich ass hole who wants to feel legitimized.
FOOD! You HAVE to have a smothered breakfast burrito with xmas chile at The Taos Diner. People will tell you to go to Michael's or Gutiz and you tell them to go fuck themselves! If you go to Taos Diner (it's in arroyo hondo just north of Taos proper en route to TSV) ask for the owner's Annie or Jay, or the server Kristen and tell them Gunther and Chris say hello and sent you.
Someone mentioned the Guad, and the food there is excellent, lots of cilantro on everything and roasted chiles galore, but it's sort of pricey for what it is. If you're truly BOB (ballin on a budget) go to the El Taoseno. It is a greasy spoon for NM food. Get an enchilada plate and sopapillas and honey. It used to be a bowling alley, and on Fridays 75 year old Spanish couples dress up like matador/cowboy hybrids and dance. It's great. Little less hostile to whitey's there but be respectful.
If you're tired of NM food, go to Dara Thai and get the evil jungle princess.
If you like coffee, go to WIRED cafe....it's amazing. It's like a fucking green house, wifi cafe, awesome building, good coffee. Mondo is alright, a lot of people like world cup, but I like wired.
GO TO THE BEEF JERKY STAND!!!! FUCKING DO IT. It's just south of Mickey D's and the Plaza, on the west side of the street, right by a tattoo parlor (not Talisman, the ghetto looking one before it).
If you don't wanna pay for lodging, stay at the Abominable Snowman in Arroyo Seco, it's 3 miles from TSV and it's a hostile. You WILL meet freaky hippies, and you WILL be offered psychedelic drugs. There's a great coffee/tea place in Seco real close to the hostile, forget the name, but it's rad. Taos Cow ice cream also in Seco is tits and there's lil biddies working it.
I could go on and on, so if you need anything, PM me.