We just spent 4 nights at the Luxor and we got exactly what we bargained for. We didn't choose the Luxor expecting the Four Seasons - we chose it to get the typical Vegas venue feel (which in my mind includes some grandiose tackiness and kitschy 1950s atmosphere) for a decent price, and weren't disappointed. The room although old-fashioned looking (refurbishment needed for sure) was large and well designed (a desk, a safe, luggage space, many electrical plugs). Same for the bathroom (all key amenities were there including scented shower gel and tissues! Sounds stupid but it's not a given) - the shower flow however could have been less haphazard. The pool area was all right, the pool more of a plunge pool than a swimming pool - and we were pleasantly surprised with the quality of the pool bar food: chicken sandwich was really nice and fresh, and so were the chicken tenders, coleslaw and fruit cups. Drinks were more mainstream - not a fan of their margarita slushie.
NB: I found that all shops inside the hotel sold their goodies at stupidly high prices including Starbucks and Blizz.
Service was good: each time I phoned guest services or housekeeping, I got a prompt answer and the query was answered/ request was followed through.
Overall, I'd say the hotel and casino are quintessentially Vegas - the fact that they need freshening up doesn't deprive them of their quirky sphinx like charm. I'd stay there again provided we got similar good rates, and rather spend my money on shows and dining/ drinking out at cooler venues (should I be so inspired).