I like that bow too. I agree about the background, it's kinda wishy washy. I would also crop the top ribbon to just on top of the pic and mat, just like the lower one is, that would balance that out better. I would put the horizontal red strip/mat of paper underneath the black mat. And I might suggest putting the title on top of that mat, I am guessing you didn't to show the pattern, but maybe a golden classy font wouldn't detract from that. If you didn't want to do that, maybe make the title smaller and take off the strips or ribbon or whatever the text is on now and just make it smaller and underneath the red strip in a matching red color. I'd also change it to a script font.
Another thing you might want to do is to straighten out the pic a bit, if your program can do this. Make it so the castle turrets are straight vertical, it will improve the whole layout, just with that one step.
Another thing you might want to do is to straighten out the pic a bit, if your program can do this. Make it so the castle turrets are straight vertical, it will improve the whole layout, just with that one step.