Actually it's a relay powered by 2 switches - arm & disarm. They can be as stealthy as 2 magnetic reed switches under the carpet.
I just finished re-wiring my alarm with some atypical "dual-coil latching" relays. They only draw power while your hand is pressing the momentary button. Power coil #1 and it switches to #1 possition, power #2 for possition #2. I had originally wired up several kill relays, only to find them draining the battery like nuts.
The part that I love is how they will never change state, even if you rip out the alarm. You'd have to power the correct coil (they have 10 pins per DPDT relay), or bypass them with re-wiring. They also work perfect with my alarm (DEI). I have it set to use the Factory Disarm & Rearm wires: it will disarm those relays when I activate the remote start or press the disarm key on my key fob. Previously I had the kill relays connected to the Grounded when Armed wire, but had to use another relay connected to the remote start's Status Output to bypass that. If someone ripped out the alarm or cut that single wire, they'd disable all those kill relays.
They are fairly cheap ($2-4), small at 1/8 to 1/2 a normal 30A relay, and hold up to 16A each (can theoreticly be bridged for more). The down side is you really need to solder them to breadboard/protoboard. I just soldered the wires through the board and added connectors similar to a bosch 5-pin relay socket.