This part of New Zealand caters to avid sportsmen, but Matakauri Lodge is not your grandpa's fishing hut. Thank heavens. Richly appointed, the 11-suite hotel hugs the banks of Lake Wakatipu on South Island. Across the water, pine forests mottle the jagged Cecil and Walter Peaks. This is a hotel meant for lingering in cozy chairs with a good book and glass of local Sauvignon Blanc. Or, make Matakauri your base for popular active pursuits, like bungee jumping or paragliding.