It's my belief Cabo has something for everyone. You can totally relax, you can go party like a Rock Star, or something in the middle :) I'm a big fan of the activities in Cabo, start off with a morning walk/run on the malcon, or head down to Medano Beach and rent a paddle board. Medano Beach allows you the opportunity of solitude or you can walk over to the beach restaurants/bars and take in some lively interactions. Not to mention, the waters of the Pacific and the Sea of Cortez has some of the best deep see fishing around. Nothing better than taking your catch to one of the many amazing restaurants for dinner!
You are perfectly located for exploring Cabo by foot. Medano Beach is approximately 1/4 mile away, along the Malecom and downtown is short stroll in the opposite direction. Take a morning stroll along the Malecom it's just under 4 miles round-trip. You have downtown with the many restaurants, bars, and activities at your doorstep, go out there and explore!