As long as the subject is supposed to be the little phone-booth-monument-firepit-grill-whatever-thing in the lower right, then yes, it's a good example of the rule of thirds.
Unfortunately, it's also not a great picture.
The rule of thirds is just one compositional technique, and it works only to the extent that it supports the technical and artistic aims of the photo. In this case, the blown-out sky is somewhat distracting, but I think the bigger problem might be that the rule of thirds exists because we know our eyes are drawn to those parts of a photo, and placing our subjects along the 1/3 lines helps show off the subjects, but you've got to start with a strong subject. The rule of thirds (like other compositional techniques) helps make the most out of subjects in your photos, but it can't manufacture a subject or transform a weak subject into a strong one.