Since our condo is right on the ocean, and on the first floor to boot (about 7' above sea level), we obviously have to take storms like this seriously. However, Belize's offshore reef means that the wave action here is virtually nil, and storm surge extremely tempered. I wouldn't feel comfortable owning a first-floor, ocean-front condo on the Atlantic Ocean, but it's definitely a bit different here in Belize because of the reef.
We also don't have to worry too much about our water supply as Grand Caribe's water plant, which our building shares with them, is on a back-up generator, so at least as long as the generator has fuel, we'll have water for drinking and flushing.
So, our hurricane prep is not nearly as involved as others on the island without a generator, who might lose power and water for an extended period of time in a significant storm and thus need to stock up on water, flashlights, batteries, and food that doesn't require any cooking.
We have been talking to some of the workers here at the resort, and tomorrow morning they plan to take all the pool furniture to a safe place. We'll be doing the same with our veranda table and chairs, and we'll take the screens off our windows as they are lightweight and might be subject to blowing around. That's about all the preparations we really plan to do so long as this storm remains a Category 1 hurricane or lower. Yes, we are getting off pretty easy.