In the immediate vicinity of Pagosa the scenery isn't as good as when you get closer to the mountains. We weren't fans of the hot springs pool either.
The hiking trail south off of Wolf Creek Pass is pretty tame grade-wise, and you're already high up, so once you clear the trees, you have good views. All along the ridge, you'll look down to the east at Wolf Creek Ski area.
A quick drive up CR 402 on the north side of Wolf Creek Pass takes you to a view point looking north. We haven't been there since the fire of June 2013 when the actually closed US 160 and CO 149 briefly from time to time.
One time we had to drive way up past Williams Creek Reservoir to find a campsite. Pretty area as you get higher up. There's a trailhead at the end of the road heading into the San Juans but we didn't get to it. I do seem to recall seeing some horse trailers there, so the trail conditions may be affected by that. In mid summer, the flowers will be out and there are lots of meadows on that road.
On our to do list is a much more in depth exploration of the Southern San Juans, those mountains south of Wolf Creek Pass. Pretty wild area down there.