Trip - 10 weeks starting 9-2 into Madrid, fly out of Paris 11-10.
We have a car leased. We are mid 50's and are very active. Don't need to be or do the tourist stuff. Will do some touristy things because you have to visit some, but you can only see so many churches, castles, museums and monuments. Visit bigger cities as day trips in most cases. Food & wine are key. We like to hike and be in outdoors. Would love to do some mushrooming. Can play golf @ home (Colorado) so won't be doing that.
Must do's: go to a bullfight or 2, go to a flamenco performance, maybe an opera, visit a winery or 2 or 3.
Food & wine is what convinced us to do this trip to Spain & Portugal.

Oh yes - eat & drink well - we love seafood!!!
We like to stay in small towns for 3 to 5 nights at a time and use as a base for day trips, prefer having cooking facilities as we like to cook. Will eat some meals out so that we can sample (and then attempt to cook) like the locals. Don't need the bar scene - can drink wine at home base. A Parador or 2 is fine but mainly cottages, apartments, or rural homes.
We usually travel without reservations - adapt to what is available. If we like an area can stay - if not can go to the next destination -- our theory is adjust on the go.
The only reservation we have is on arrival @ Venta Margullo (Segovia) -- thanks for the tip Pedmar.
The plan (as of now):
Central Spain 8-9 days - include Madrid, Segovia, Avila, Salamanca, Toledo
Basque Country - Inland & Coast 9-10 days
Green Spain - 7 days
Portugal - 20 - 21 days - week each North Central & South
Southern Spain - 10-11 days - include Sevilla, Frontera, Cordoba, Granada, and maybe Gibralter.
Spainish Coast - 5-7 days - include Cartagena, Valencia, and Barcelona.
France on way to Paris to fly out - 7-9 days.
I know that an itinerary is subject to individual taste but suggestions would be apreciated.
Loyd & Barb