Squaw Valley's venerated mountainsides and proximity to the northern part of Lake Tahoe make it a premier destination for outdoor recreationalists. Just outside Olympic Village Inn, beyond the mess hall where the 1960 Olympians ate, sits an open-air promenade of shops and restaurants known as the Village at Squaw Valley. The village's broad cobblestone paths meander between clapboard and stone buildings with chalet-inspired rooflines. Come happy hour, diners flock to Mamasake for specials on beer and plates of Mama's Balls, tempura-fried morsels of seafood salad, tofu, and sriracha. A quick walk north of the village, the aerial tram climbs 2,000 feet to High Camp, where panoramic views and challenging inclines attract hikers or skiers, depending on the season.In nearby Tahoe City, Truckee River Raft Co. rents rafts big enough for families, couples, and the egos of demoted sea captains. The river's burbling waters float vessels 5 miles downstream for a mostly gentle two- to three-hour self-guided journey with beer or wine available for purchase beforehand. Here and there, squeals resound as crafts pass intermittent rapids, which may toss passengers overboard into the chilly but shallow waters.Twenty minutes southeast of the inn, rings of pine and spruce and the soaring peaks of the Sierra Nevadas border north Lake Tahoe's deep alpine waters. Tahoe Sailing Charters depart daily from Tahoe City Marina for two-hour cruises aboard a 50-foot-long 1982 Santa Cruz sailboat. Passengers seated at the prow of the ship can let a toe drag in the cool water, and padded benches near the stern provide drier, more stable seating suitable for sipping complimentary beer and wine. Further north, standup paddleboards and kayaks launch from Carnelian Bay's pebbly beachfront, where folding chairs cradle idle sunbathers.