I have owned a '96 Miata M-Edition for 6 years. I LOVE THIS CAR! With 64,000 miles it has never had a single mechanical issue. It gets great mileage, about 30 MPG average. It is amazingly quick with responsive handling and is absolute FUN! I have driven MGs, Triumphs, and even BMW Z-3s, and this car out drives them all. I also think the $$$ value rating is way too low - but then that may be why they are so popular... you get a car that is worth way more then you pay for it.
RELIABILITY - is the #1 feature of this great little car. No other car of this type is as reliable...or FUN!
There is a way to mount the spare tire under the car to give it more trunk space. I recommend trying this, or getting a tire repair kit, as the trunk is just too small.