We hiked Rose Valley, which I think might be the same as Red Valley (not sure) in the morning and came back later at sundown. Plenty of parking both times if you rent a car. It was a beautiful view at all hours of the day, but when the sun hits it just right, the colors that come out are amazing! The hike was mildly strenuous in some areas. I would advise to wear good shoes. It was a nice place to watch the sun set and there was a wedding party taking photos with it as a back drop at the time. We had a bit of trouble figuring out the map, but didn't seem to miss out on much. This was one of the prettiest hikes we did in Cappadocia.
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