To prepare a caramel mountain ranch cold strawberry soup soups recipe, first you need to prepare the ingredients. First, you'll need 2 cups of water, 1 cup of sugar, and 1 tablespoon of vanilla extract. Then, add 2 tablespoons of butter to the water and stir until the butter is completely melted. Next, pour the sugar mixture into the milk and mix until it's fully incorporated. Finally, stir in the vanilla and salt and pepper to taste. Pour the soup into serving bowls and serve immediately.