Personalized loafers are pretty popular among the Style Blogger right now. Many Designers offer online module-systems where the customers can basically design their own model by specifying form, color, material and put their own monogram onto the shoes. The price range lies between 150$ and 800$ for a pair and the waiting time is about 2-3 weeks.
Much quicker and much cheaper is this DIY version. You will need to invest some time for the twine border line but otherwise this shoes makeover is a simple process.