The buildings are well preserved, since the weather in this area isn't all that damp. It's interesting and not a little spooky to venture about where people haven't really lived for 80 or more years. Walk around, take some photos, and enjoy the sights. While we were there we pretty much had the place to ourselves, which made it a better experience.
I did notice some private property signs though, and a few trailers. I couldn't help but thinking that Rhyolite has a few inhabitants after all, probably just people that want to live off the grid. Also, when we were there it looked like the store building was up for sale.