I have a very nice large outdoor arena, and when we decided to build a small indoor my husband suggested leaving the sides open. Well, where I live, it was a joke. If I want to ride outdoors, I will go ride outdoors. I built an indoor to shield us from the wind, weather, and to keep my footing good. We enclosed it the next year. Now, one cool thing we did was put in livestock clear curtains that could be rolled up or down depending on the weather. They let in a lot of light, and are great at desensitizing the horses to a bit of a rattle. They are what many of the chicken farmers use for additional ventilation. So I would say it ultimately comes down to your weather for where you are at. Even with a four foot kickwall, I wanted it fully enclosed.