From Delhi to Kathgodam travel by overnight train (Ranikhet Express). Kathgodam is the last Railhead for the region and serves as the base for all road journeys to Naukuchiyatal, Nainital, Bhimtal, Almora, Munsiyari, Mukteshwar etc. If you have the time and resources and prefer to travel by your own car, you can take NH24 from Delhi and travel through Hapur road, Brijghat, Muradabad, Rampur, Bilaspur, Rudrapur, Haldwani and finally Kathgodam. The roads are generally good until Rampur. From Rampur till Rudrapur the roads can be rather disturbing. Mukteshwar is about 70km from Kathgodam and will take you about four hours as you climb to about 2450m (8000 ft) but its worth taking the pain. From Kathgodam hire a cab to Mukteshwar. If travelling alone get on one of the many shared-cabs to Bhowali, and then change for Mukteshwar. If you're travelling in the morning expect to have a large and interesting local populace travelling with you on your way to Mukteshwar from Bhowali. People are rather reserve but friendly if you wish to break the ice. The vehicles are used to transport not just people, but also essential goods such as milk, newspapers and an abundance of local flowers. If you are not comfortable on mountain roads, try to get a seat in the front. The roads are rather twisty and can cause discomfort to some people.
Mukteshwar is a tiny hamlet, and is best seen on foot. Take leisurely strolls along the main road - which is no more than 2 meters wide at any point - from the IVRI till the PWD House whilst taking in the spectacular views of the mountains.
Mukteshwar has got some good commercial centers and “Shri Hari Store” is leading one. You can get all your daily need items from the Shop. From mineral water, wafers, cosmetics, Snacks to all the house hold items.
The northern side of Mukteshwar is occupied by IVRI and perhaps the PWD Circuit House is one of the places to offer good Himalayan sight. There also is the Kumaon Mandal Vikas Nigam tourist hotel which has a terrific location, next to the PWD circuit house. The circuit house, by the way, has housed Jim Corbett for long stretches in the past.
Shreehariresort is another quiet place to live. The resort is is only accommodation available at Mukteshwar (0 Milestone), which is surrounded by thick coniferous forest as seen from the front side of the rooms. There are a bunch of other places to stay at just outside of Mukteshwar. Mountain Trails is one of them, and there is Krishna Resorts. The former is pretty well located for scenic views.
It is better that you stay at Peora which is about 10 km from Mukteswar on way to Almora and good apartments are available for staying in comfort (Resort Sequester). Peora offers excellent Himalayan view with its snow capped ranges. Or else you may choose to stay at Sagarkhet towards Ramgarh. Some small lodges exist but water supply may pose a problem.