Although this has been mentioned in various ways by proposing different options on modes or singular new modes for our specific use cases... I think the best and simplest solution for Ring is to just offer “Custom Modes”.
Let the user just make as many modes as they want for their purposes with custom labels. For example: “Sleep Mode”, “Pet Home Alone Mode”, “Night Mode”, “Guest Mode”, etc.
With each mode, you choose which sensors to arm, which to monitor (not arm), and which to deactivate entirely. The variables depend on individual use cases, and just adding one more mode is not enough for people. Make as many modes as your home needs!
Wanted to post fresh with just this as the idea/subject, but kudos if you agree!