The drive from Albuquerque to Santa Fe using 505 to 501 is amazing! It starts out as a fairly normal flat drive through the mesas, but takes you into the mountains, up some incredible climbs, into a national forest, then down to 501. Along the way, you get some curves that hairpin to the point of touching corners.
The views are great and it changes from desert to temperate to fields back to desert.
If you have the opportunity, give it a shot! You won't regret it.
One word of warning... Once you hit Jemez, be sure to avail yourself of bathroom facilities! They can be a little sparse, though Battleship Rock has a park bathroom and is a great stopping point.