It started out as this:
I picked it up at Goodwill for around $1. I actually kind of love the painting. I kept it around in case I find a use for it (and I scanned it, too). The frame was perfect because it was an ornate style, like I was looking for, but not heavy at all (it's molded plastic).
I primed it with a paint designed to stick well to plastic, and then painted it this pretty blue to go with her bedroom. Her room is painted a light green with coral accents, and a few light blue accents. I had a hard time finding coral ribbon. I found this skinny coral ribbon, though, so I put two strips of the skinny ribbon next to each other to make it look like wider ribbon. The ribbon is hot-glued to the back of the frame.