Character development is key. Spider - Man learning more about Hobgoblin's motives and weaknesses over time, and Hobgoblin evolving as a villain. Maybe he starts as a small - time criminal with the Hobgoblin identity but gradually becomes more ambitious and dangerous. This growth of both characters and their relationship within the story, whether it's a grudging respect or pure hatred, can make a story about them truly the best.
The mystery surrounding Hobgoblin can make a story the best. In some arcs, his true identity is hidden, and Spider - Man has to piece together clues while fending off attacks. This mystery element keeps readers on the edge of their seats, as they try to figure out who is behind the Hobgoblin mask along with Spider - Man. Also, the way Hobgoblin toys with Spider - Man, like leaving taunting messages, adds to the suspense.
A great story about them often has an exciting battle. When Spider - Man and Hobgoblin face off, the acrobatics of Spider - Man against the brute force and cunning of Hobgoblin is thrilling. For instance, their battles on the rooftops of New York City, with Spider - Man swinging and Hobgoblin on his glider, are visually spectacular.