Vail in July is peak season. 80's in the days, evenings always cool enough for a sweatshirt.
It's hard to find bad food in Vail. Off the beaten track, the Big Horn Bistro in East Vail is terrific. In Edwards (13 miles west) is Balata, an exceptional restaurant at the Sonnenalp Golf Course Club house.
Hikes abound. Do yourself a favor, and get a "hiking in Vail" guide. I found that when most guides rate the hikes, they're assuming you're either in awesome shape or have lived for a while at altitude. One "easy" hike is to Hanging Lake. After a two mile uphill hike, you're rewarded with the most beautiful waterfall. It was, last time I hiked, well-marked. Take plenty of water.
You can always rent bikes. There's a paved path that pretty much parallels I-70. If your lungs and legs are up to it, there are trails all through the mountains. Ask in any sporting goods shop for suggestions; they'll be happy to help. Flyfishing is very popular.
Culture abounds, too. Be sure to check out the Gerald Ford Amphitheater (free shows in the summer on certain nights) and the Vilar Center at Beaver Creek.
Vail in summer is paradise. Have a wonderful trip.
I used to spend my summers in vail growing up. Take the gondola if you can. And Fords Amphitheatre is the perfect place for a picnic.
"If this is going to be a Christian nation that doesn't help the poor, either we have to pretend that Jesus was just as selfish as we are, or we've got to acknowledge that He commanded us to love the poor and serve the needy without condition and then admit that we just don't want to do it." -Stephen Colbert