Where to put my new Phal. orchid

[aboyd25]

Hi,
I was just given my first orchid, a "Phal", as a gift. I am trying to find a good spot for it in my apartment, but am confused by differing opinions and advice across the web about tips for caring for it.
I would ideally like to place it in the living room, which is where I spend most time, and is very bright during the morning from sliding glass doors, which face west. Unfortunately the only shelf I have available in the room is not directly beside a window. Should I be placing it in my office room instead where it can sit directly on a window ledge?
Also, I understand I should be watering every 5-10 days, but am wondering about the specific technique. Some say to pour water through and let it drain out. Is this correct?
And finally, two of the open blooms are drooping. Should I assume it is just irritated from a long travel and needs time to adjust?
Sorry for all of the questions, but I want to do this right!
Cheers,
Allison- a confused beginner!