However there are many to which you cannot and requires powershell. If you're like me, and you have never used powershell before, this is a little intimidating at first "having" to use it. I knew stsadm inside and out but never had a need to use PowerShell... well I've come to love this little gem ;) It's handy and simple, so don't fear.
I've seen several variations of the commands but below is the only tried and true way I was able to get ALL the db's set with failovers. I have found some commands work for some and not others, some can be set in CA etc. Since the following works for ALL db's I try to simplify my life and use only that one :)
First Open SharePoint Management Shell. ***Note you must be logged into PS as the Farm Account to set the failovers, a farm admin does not have sufficient rights to do this.***
To find out your databases on the farm use (this will also give you the GUID to the DB that you need later)
get-spdatabase
to see which are configured for failover use
get-spdatabase | select name, failoverserver
$db = get-spdatabase 9835a946-272f-4e9d-b85b-0dcd79297e21 <-- this is your GUID from get-spdatabase)
$db <-- this is to verify you have the right DB
$db.AddFailoverServiceInstance("SQL02") <-- insert your failover SQL server in the ("")
$db.Update() I then usually run get-spdatabase | select name, failoverserver just to verify it has been set.
TechNet gives you a good listing on which DB's can be mirrored and failover and which cannot found here
http://technet.microsoft.com/en-us/library/cc678868.aspx