Visit Nga Phe Kyaung Monastery on the lake

Rent a bicycle and ride through the villages and rice paddies around Nyaungshwe

Trek from Kalaw to Inle Lake (2-3 days, $30-40/person guided, through Shan and Pa-O villages)

Visit the Shwe Indein Pagoda complex — hundreds of crumbling stupas in an atmospheric cluster

Watch sunset from Red Mountain Estate Vineyard & Winery (wine tasting $3-5, 20 min by bike from Nyaungshwe)