Let me just start by saying the 4th star I'm giving this place is based on when I used to come here (we're talking over 2 yrs ago) every now and then for breakfast or lunch when I was still living in AZ. I just glanced over the menu and it pretty much looks the same, so I'm assuming the food is just as good (breakfast and lunch-wise...not sure about dinner). I used to love the breakfast burritos here and they used to have this FABULOUS lunch special I'm not sure if they offer anymore ($3.99 for half a wrap, salad or soup AND a soda!).
This review is mostly for Saddle Ranch as a bar/night club (which is more like 3 stars). As far as I'm concerned this place is A-Ok. It's not my favorite place to go to in Scottsdale, but you can certainly do much worst. I was just in Scottsdale recently visiting family & friends and popped in here for a couple drinks on a Friday night and it was pretty much just as I remembered it.
The one thing I really like about this place is that it's big! The patio is large, there's a lot of seating around the bar, there's booths, and there's an upstairs with plenty of tables. It's no secret that Scottsdale is full of douchebags so it's nice to know if you're sitting/standing near one (or several) there's plenty of places within the same bar you can relocate to.
To be honest, besides the mechanical bull (which I've never been on) there's nothing about Saddle Ranch (for better or for worst) that really stands out for me and that's not necessarily a bad thing. The crowd is often pretty mixed (douches, cougars, bachelorette parties, ASU students, middle-aged couples having a "night out," etc...). I can't think of any particular drink specials this place offers, but the vodka/soda's I had the last time I was here were pretty strong, so that's good!
If you're someone who's anti-Scottsdale you probably won't like this place. If you're someone who wants the most Scottsdale-like experience possible there are places more douchey than this. If you're in Old Town, like alcohol (who doesn't?) and doesn't mind a large mix of people Saddle Ranch is a pretty good spot!