The patterned paper on this card is another waxed resist paper that I made as described here. It's layered on top of a white embossed mat and then on the card itself.
Using lighter colors like these with the Far East stamp set (HOTP) gives a very different look that that of the strong black/red/white/gold I used in recent cards (here, here, and here). The lanterns are stamped with a stamp from the Far East set from HOTP. They are colored using my Aqua Painter water brush and Worn Lipstick distress ink. The bottom edge is cut and embossed with a Spellbinders Edgeability die, and then colored in the same way.
The sentiment was stamped with distress ink on white cardstock and then cut with a Fancy Tags Die (Spellbinders). Using the water brush, I stenciled more color around the die. This was matted over a pink piece cut with a couple of dies from Octagon Strips and Accents. The white mat was made by tracing around the outside of the die and cutting on the tracing line.