On our recent trip at the end of this past August, we enjoyed the courses below. All very different in character and play-ability.
Genoa Lakes - Resort Course. On the eastern side of the Sierra Nevadas, an easy scenic drive. Links style, wide open, but long depending on the tees. Johnny Miller design....a good test, good value.
http://www.genoalakes.com/
Incline Village - Championship Course. North end of the lake, a little over 1/2 hour away. What I would envision a typical Tahoe course should be; meanders through enormous pine trees, variable elevation changes, undulating greens....another good test, somewhat pricey @ $179.
http://www.golfincline.com/
Lake Tahoe Golf Course - just minutes from Timber Lodge. Mostly open course but some holes tighten up with trees and a little water. Course is really flat, virtually no elevation changes. Overall a decent layout and test. $84 per round....I think it should be cheaper for what you get, but you are just minutes away.
http://www.laketahoegc.com/
Edgewood GC gets all the fanfare and it is just blocks away from Timber Lodge. Did not play it, but the course looks beautiful and the clubhouse is magnificent; great restaurant also. Priciest in the region at $200 - $220 per round.
http://www.edgewood-tahoe.com/