yah, absolutely; like I said in another post, small towns near where I grew up are frequently that way. You enjoy the city vibe you live in the apartments or houses right off the square. You don't, you live on one of the outlying farms (and even those in one case that I can think of have small neighborhood establishments; they all use the same farmers machine shop to fix stuff in one case, or there's a random coffee shop/pub way out that the surrounding places frequent, etc.) and when you go into town to go to the hardware store or the grocery or whatever you still have lots of opportunities for chance encounters because of the mixed zoning and way everything is built fairly close (so sure you have to drive to get to town, but then once you're there you walk around, do errands, stop in for a coffee, etc. without having to think about how you're going to get around as much).

As opposed to the actual town that I grew up in nearby where everything is spread way the hell out and you have to go on a giant 5 lane highway to get to walmart on one side of town and the hardware store on the other and 30 minutes in another direction to get to a coffee shop, etc.