Another very popular spot among both tourists and locals, Asociación Cultural Brisas del Titicaca is a must if you are visiting Lima for the first time, because here you will have the chance to see folk dances from almost all Peruvian regions, performed by several professional folk dance companies and with some spectacular traditional outfits. Besides, you can have a Peruvian Andean dinner and dance with your friends, too.
Brisas del Titicaca — Photo courtesy of Peru Imagen y Encanto
The first floor is basically an extra-large dance floor and stage, surrounded by tables. There's also a mezzanine, but a bit small, so access may be a little difficult. If you want good seats, especially those next to the dance floor (so you can see the show clearly, or reaching the dance floor easily) you need to buy tickets in advance. 
Dancers at Brisas del Titicaca — Photo courtesy of Brisas del Titicaca Eventos
The show is divided in sections, so the dancers have some time to change clothes and catch their breath while you either have dinner or enjoy the live musicians' performance. Yes, there's always live music here, and not only to accompany the folk dance show, but also for you to dance to, and the repertoire is mostly a mixture of popular Latin American rhythms.
Usually there's one or two dance shows, then 15 minutes of live music, followed by another section of the folk show; entertainment and fun are guaranteed. On weekends, the live shows end around 2:30am, but do not worry, there's plenty of popular recorded Latin music so the party can continue.