This area is marked as "Sonoran Preserve" and it's the section north of Carefree Highway. There is a trailhead here and convenient street parking - the preserve is open sunrise to sunset. (There's also "Sonoran Preserve" south of Carefree Highway that has a dedicated parking lot. http://www.yelp.com/biz/sonoran-preserve-phoenix-2 )
I hike this side when I want a mix of trail/sidewalk. From the map link I provide at bottom, looks like this is called "Tramonto Trail" though it's not clearly marked on site. You can hike along the base of this summit and walk back along the street, more or less creating your own loop. There's also a moderate difficulty hike to the summit. (Not shown on map). (Nothing like Camelback etc but loose gravel and no man made "help" renders it a little more than "easy.")
Nice for walk/jog but likely boring on a bike. Word of the day: hydrate!
Complete trails maps can be found:
https://www.phoenix.gov/parkssite/Documents/095100.pdf