Rancho meaning

răn'chō
A hut or group of huts for housing ranch workers.
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A ranch.
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A hut or group of huts for ranch workers.
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(US, regional) A simple hut, as of posts, covered with branches or thatch, where herdsmen or farm workers may lodge at night.
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(US, regional) A large grazing farm where horses and cattle are raised; distinguished from hacienda, a cultivated farm or plantation.

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Part or all of this entry has been imported from the 1913 edition of Webster's Dictionary, which is now free of copyright and hence in the public domain. The imported definitions may be significantly out of date, and any more recent senses may be completely missing.
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Origin of rancho

Spanish, properly, a mess, mess room. Compare ranch.