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Just trying to see some beautiful scenery. I'm up to hiking but my wife is limited due to a bad knee so the hiking needs to be pretty easy for her.. We want to shop for local artist stuff and eat some fine cuisine.
CSF
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Your best bet is still the NM4 loop, along with several of its offshoots along the way.
It will give you a taste of almost everything NM has to offer and can be easily accessed by car and short walk. Most of the stops can be expanded if you like, from 5-10 minutes poking around near the road taking pix, etc, all the way to full day hikes, or anything in between.
That's kind of a bad week to come due to the holiday as most areas will be packed with early season vacationers. For perspective, we own a number of rental properties in the area including in the Jemez along the river and over in Truchas, they are nearly all booked up for the rest of the year by March. But it won't be as bad as most tourist type places, just a bit crowded by NM standards.
I've already mentioned the two 'plazas' reference shopping for local art stuff, but here are two other options...
Memorial Day weekend Jemez has their arts fair at 'red rocks' on the north side of the pueblo (you'll know it when you see it). I would suggest doing your exploring of the NM4 loop during the week when it will be much MUCH less crowded, and then go back for just the art fair on Saturday (it's only 20min from ABQ). Do not think combining the weekend fair and NM4 exploring on the weekend is a good idea, it's not, everything up 4 will be crowded. Drive over to the fair Saturday then head back to ABQ or elsewhere to avoid the crowds.
A second place for art shopping (overlooked by most visitors who just go to ABQ/ Santa Fe plaza) is what's known as the 'high road to Taos'. The best time to go is late summer (the locals season) but now will be fine as well. Nambe/503 is about 90min north of Albuquerque and the start of the road, do not make Taos the destination, the real destination are all the little towns, the little shops, the short turn-offs, the views, etc, along the way to Taos. Take your time, plan to spend the better part of a day just poking along. Taos itself is over-hyped and a bit of a trap IMO, I would head back South or West over the gorge (watch out for HK's while crossing) . Yes the so called 'enchanted circle' is spectacularly beautiful but it will also be crazy nuts up there as there is a big motorcycle rally (20-30k) that week, so unless you like crowds, skip it.
High Road to Taos
One very common mistake people make when coming here is underestimating this states size. People look at a map (which is usually reduced in scale much more than most states) and think 'oh we can just make this short drive over here'. Of course they get here and that 'short drive' ends up being 2-3 hours each way. Do not try to pack in a ton of stuff in a bunch of different places or you'll just burn out from all the driving and not actually enjoy yourself.
Simple Example
Spend your first full day exploring the White Mesa/NM4/Jemez/Caldera area
Overnight in Los Alamos
2nd day- in Banbelier NM, then maybe a stop at the Puye Cliff Dwellings on your way down the hill
Overnight at one of the casinos North of Santa Fe
3rd day- shopping/exploring on the High Road to Taos
Overnight at one of the casinos in Taos
4th day- raft the Racecourse or Taos Box, afternoon shopping/eating Santa Fe plaza
Overnight back in ABQ
5th day- in/around ABQ balloon ride, eating, ride tram, eating, Tinkertown, eating, Pertoglyphs, eating, or some combo thereof, rent RV/tent/tarp
Overnight in ABQ
6th- day Chaco Canyon
Overnight in Chaco
7th day- back to ABQ and fly/drive out
Or reverse the order, or mix it up, etc....just an example
That right there would be busy but without a crazy amount of driving but still a fair amount, anything further out from ABQ or in another direction would be difficult at best. If you've already limited yourself by trying to operate solely out of a hotel in ABQ, the above is still doable but you'll be adding a couple hours of driving each day. You may burn yourself out and have to cut some stuff short or eliminate entirely.
Just some random ramblings as I'm sitting at the airfield killing some time