Shape memory alloys (SMAs) have attracted much attention due to the great demand for biomedical materials. Among the SMAs, the Ti-based SMAs are promising materials owing to their high biocompatibility, non-toxicity, excellent functionalities, and proper mechanical properties. Concerning the Ti-based SMAs, adding other elements is an often-used strategy, and the combinations of the addition materials are unlimited. Among the various Ti-based alloy systems, the Ti-Mo-Al-Zr alloy is one fundamental alloy system, since Mo and Al are served as the specific metals for the calculations of the Mo equivalent and Al equivalent for the evaluation of the alloy stability. While Zr is a neutral element for fine-tuning the properties of the alloys. This fundamental quaternary alloy was thus chosen in this study. In this research series, it has been found that the Ti-5.5Mo-8Al-6Zr alloy performed proper mechanical properties. Therefore, this specific alloy was further subjected to various thermomechanical treatments to further improve its properties. In addition to the Ti-5.5Mo-8Al-6Zr alloy, pseudo-binary alloys of (Ti-Zr)-Mo were also investigated due to their intrinsic low phase transformation temperature compared to the pure Ti and Zr elements. Strategies for the development of these SMAs by conducting thermomechanical treatments have been proposed in this study.