Ride the free gondola up to Mountain Village just for the view on the way up. NO CHAIN STORES or restaurants of any kind in town. You can walk the whole town in about one mile. The ski resort was designed to appeal to the affluent, so there are GREAT high-end (but still down to earth) restaurants and chefs all over town. Also they have just as great "cheap food" too.
Summer: Hike or jeep to Bridal Veil Falls at the end of town, stand at the bottom of the falls, and feel the refreshing spray. Go up to the top of the falls and continue on the trails above for one of the most lush, scenic hikes anywhere. I think I took a photo every five feet. The 4th of July is marvelous – there’s a small-town parade, a Blue Angels fly-over, and General Schwartzkopf leads the "Pledge of Allegiance." The kids of 9/11 fatalities come back each year to be in the parade. There’s a great BBQ and kids’ activities at the town park put on by the fire department. There are FIREWORKS in the park at dark. There are festivals ALL SUMMER every weekend -- film, wine, food, hobbies, etc. Go to Telluride website for more info.
Quick Tips:
Reserve your accommodations early. The place is small and the more affordable places book up fast. There are excellent B&Bs and resort-style places too, if you want to spend the money.
Best Way To Get Around:
WALK or take the Galloping Goose through town. Telluride is very small.