Located among the rolling hills of Crete, Chromonastiri , where Venetico Palazzo is located, is situated 11 km southeast of Rethymno, at an altitude of 360 meters, on the nothern slope of Mount Vrisinas. The name of the village, which means "Colour and Monastery," likely derives from the coexistence of the village and the Monastery of Panayía Kerá, which dates back to the Second Byzantine and Venetian period.

Built in the 12th-13th centuries, the village is a traditional settlement with Venetian and Ottoman elements, scattered throughout. It has been designated as a place of significant cultural value due to its historical and architectural importance. The village features narrow streets, stone houses, arches, and other unique features that give it a distinctive character.

Despite its small size, the village offers a range of services and amenities including a mini market, two tavernas, and two cafes. In addition, Chromonastiri has a rich history and is home to several landmarks and cultural sites, all within walking distance from the villa. These include historical monuments, museums, and natural wonders.

One of the most notable attractions is the church of Panayía Kerá, a Byzantine and Venetian-era monastery that dates back to the 13th century. The church features impressive frescoes and is a testament to the village's deep cultural roots. Another church, Agios Eftichios, one of the oldest churches in Crete is also located near the village, surrounded by dilapidated buildings and lush vegetation. The village also hosts the Military Museum of Chromonastiri, housed in a restored Venetian mansion, showcasing the military history of the island from ancient times to modern conflicts. Exhibits include an airplane, a helicopter, armored vehicles, weapons, uniforms, flags, and photographs. The museum is a must-visit for history buffs and anyone interested into the island's turbulent past. In the very heart of the village a traditional watermill is located.The mill built in the 19th century, has been preserved in its original form and visitors can see the mechanism and the stone millstones in action. The mill is considered an important example of the traditional milling industry of Crete and a symbol of the village's agricultural heritage, offering also a glimpse into traditional Cretan folklore and tradition.

In conclusion, Chromonastiri is a village that offers a unique blend of history, culture, nature, and architecture. Its well-preserved traditional settlement with Venetian and Ottoman elements, combined with its natural beauty and stunning views, make it an ideal destination for visitors seeking a relaxing and authentic Cretan experience. From exploring the military museum and Prinaris mill to hiking through the picturesque Mili Gorge, there are plenty of activities to keep guests busy. With its welcoming tavernas, cafes, and mini- market, guests can also experience the local cuisine and hospitality.