THEIR REPUTATION ESTABLISHED BY THE POINT, on New York's Upper Saranac Lake, the Garrett family has now opened the Lake Placid Lodge, on the lake's pearly western basin, as a sort of "Point for mortals." At a much more moderate price, the Garretts are offering 22 rooms with that distinct Adirondack spirit. Cedar twigwork by local craftsmen, Native American throw rugs, and carefully chosen paintings by regional artists create a surprising air of elegance. In the restaurant, you'll find chef Bill McNamee from the Point turning out French-American cuisine (quail stuffed with wild mushrooms; pasta with white truffles). Sticklers for detail, the Garretts have even conscripted locally renowned raconteur and bobsled patriarch Forrest Morgan to tend bar. Lake Placid Lodge, Whiteface Inn Rd., Lake Placid; 518/523-2700; doubles $150-$400.