The Bulbo looks good to me but if the roots are drying out quickly, you will need to change your growing method. In the past, I have had trouble providing enough humidity for my Bulbos and even lost a few. As I needed to do something for my new Dracula this past autumn, I decided to change things for the Bulbos, too.
I brought up the two abandoned ten gallon tanks and I put a layer of red lava rock on the bottom. I poured in distilled water until just below the top of the rocks, then set the pots and mounts on top of the lava rocks. One tank has the Bulbos and the other the Draculas and Masdies. I covered the tanks with plastic wrap and set it between my shelves (with lights) where it gets bright shade. I add more water about ever three weeks and do nothing in between. Sometimes when I water, I add a bit of fertilizer to the water.
The result? All of these orchids have been putting out exponential growth. It is really an easy way to grow orchids that need high humidity and damp but not wet medium. I wish I could grow all my orchids in this manner as I like the ease in care.
Just a note: The orchids are either mounted, in small basket pots or in very shallow dishes with the medium being New Zealand sphagnum moss. This allows air to the roots.
I hope this gives you some ideas. Good luck! When it blooms one day, please post photos! I think I need to add this one to my collection! I really like it!