Nice enough trail with wonderful rock arches. Not really worth the drive unless 4 wheel driving is something you are really in to (and confident with).
The drive from Grand Junction took over 2 hours, so start early.
It is definitely possible to make it a loop, but you need good footwear and a head for heights. Easiest option if you are keen would be to hike straight to First Arch, and scramble/slide down. Or just do the out and back.
Take lots of water and don't forget to reapply sunscreen. And be prepared for a long day.