1. "My love" (romantic): This is the most common interpretation, especially when used in a romantic context.
2. "My master/mistress": This meaning is less common but could be used if referring to someone who holds power or authority over the speaker.
3. "My beloved": This is a more formal and poetic translation of "mi amo."
To understand the meaning accurately, you need to consider the surrounding context.
For example:
* "Te amo mi amo" would definitely mean "I love you, my love."
* "Mi amo me ha ordenado hacer esto" would mean "My master/mistress has ordered me to do this."
It's important to always consider the context when translating from one language to another.