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One of the nicest and most most beautiful places to go walking in Cappadocia in in Red and Rose Valley . The two valleys are next to each other and are easily combined. Start at Sunset point (near Ortahisar) and hike down through first Red Valley and then continue on the Rose Valley. At the top of Red Valley you can stop for lunch or a cold drink at Ibrahim's place - Kizilvadi Restaurant (www.kizilvadi.com). This must be the most pretty and serene places to eat in the whole region. It's right in the valley surrounded by flowers, cave churches and fields full of fruit trees and grape vines. The owner Ibrahim and his family (3 generations of them in all) are extremely nice and serve traditional and very tasty home made food. It a great place to relax and escape the heat during walking through the surrounding valleys.
Once in Rose Valley don't miss the Hacli Church and the Ayvali Church. Both with beautiful painted decoration. The caretakers ask a small entrance fee (1 Euro for each church). A small price to pay to keep the churches clean and to protect them from vandalism. From the end of Rose Valley you can either walk to the nearby village of Cavusin. There you can visit the old part of the village which is crumbling away and too dangerous to still be inhabited because of the chance of falling rocks. Or you can continue on the Goreme (around another 45 minutes walk).