This likes a lot of water — as in sitting in it is fine. Otherwise, the new growth comes in accordioned. It’s an ultra-reliable bloomer. Seldom does it have more than one flower open at a time, but it’s not unusual to have one open flower and another bud or two on the way. Moderate light is fine, as for a Phragmipedium.
This plant is a primary hybrid of amazonica and flabelliformis. Supposedly, it blooms from late winter to early spring. Mine’s blooming right now, in late summer. It likes medium light, and really does prefer to sit in water. If I neglect to top off the water for more than a few days, any new growth gets “accordioned,” some of which you can see in the pictures. This one blooms pretty reliably for me. The flower has a very pleasant smell, but isn’t strong enough to fill the air more than a foot or so around it.
I’ve had this one for a few years, and never could figure out whether it had a bloom schedule, other than when it’s good and ready. Orchids Wiki says it’s supposed to bloom in late Winter to early Spring, but mine never does. It just now finished blooming in November. It’s a primary hybrid of amazonica and flabelliformis. Basic conditions are intermediate for both light and temperature, but it’s not that picky other than liking to actually sit in a saucer of water, like, say, a Phragmipedium. Some people claim it has a nice fragrance, but I’ve never noticed much from mine, unless I’m sniffing it at the wrong time of day.