You can also leave out the noun.
So this is something like "That one/That album is an album of their concert". The context has to make it clear that you are already talking about albums and that you are picking out one of the albums with "tiu".
The English translation should really have "That one" rather than simply "That" if it uses "Tiu" instead of "Tio".
I sure do have a hard time distinguishing his is, as, and os verbs. I wish we could hear him say estas, estis, estos, and similar for other verbs, on demand.
Does "albumo" mean a music album, a photographic album, or both?
According to PIV, both:
- Bindaĵo libroforma por teni notojn, fotojn, desegnojn ks: skribu al mi pro memoro > iajn versojn en la albumon! Z.
- Libro, konsistanta preskaŭ ekskluzive el bildoj: albumo pri Parizo.
- Eldonita sonregistraĵo sub formo de disko(j), kasedo(j) ks.
albumo (added to the Universal Dictionary of Esperanto in the First set of additions)
- A bound item in book shape for keeping notes, photos, pictures, or similar things: write some verses in the album for me as a memory! (quote from Zamenhof)
- A book containing nearly exclusively images: an illustrated coffee-table book about Paris
- A published sound recording in the form of one or more discs, cassettes, or similar.
I've noticed a lot that the e is often pronounced as a short e like in bed, is this the real Esperanto pronunciation? Or is it like the a in made? or the Spanish e?
"Bed" is typically /bɛːd/. "Made" is typically /meɪ̯d/. When you say "Spanish e", I assume that you mean /e/, and that's what is supposed to be used when one speak Esperanto. However, /ɛ/ is acceptable.