Create an epic scene of an old wizard with a magic eye, gazing out at a sprawling landscape filled with mythical creatures and ancient ruins.

Craft a detailed illustration of an elderly wizard with a glowing, enchanted eye. He is thoughtfully observing a vast panorama teeming with legendary creatures such as unicorns, dragons, and phoenixes. The landscape is also dotted with remnants of ancient civilizations, including stone monoliths, tumbledown arches, and weathered statues. The overall mood of the image should underscore the magical realism of the narrative, with vivid colors and fantastical elements dominating the scene.