I've enjoyed my experience at Chico Malo in the two times I've been there. We were there a few weeks ago on a Saturday night and ordered a whole bottle of tequila and had a wonderful time.
We started our night out with traditional guacamole and queso fundido which were both delicious. I had the elote and it was delicious as well. I ordered the tijuana caesar for my main dish and it was definitely not what I expected - they bring you a whole romaine lettuce. It was unique and I enjoyed it. I liked the vibe of Chico Malo and the service was good. The price point was on par with other restaurants in downtown Phoenix. The location was prime. You can pop in for good food and a few drinks and make your way out to the bars close by. I will definitely be back for drinks and tacos.