An interesting way to place the guitar in a mix...

The Sonitus multiband compressor provides a useful quick tool for that in Sonar. (Not using it as a compressor). You can clone a guitar track 4 times, put the Sonitus on each of the tracks, and for each one you can solo only one particular narrow band of frequencies, lo to hi, then pan the tracks across the stereo field. It can give a huge chord sound.

my favorite way,
is to close mic and pan hard right,
room mic and pan hard left.
 
 
a classic example of a mono version of this is robin trower's 'bridge of sighs', right the beginning.
 
that track starts with the room mic only, and the engineer brings the close mic up just as the song launches.
http://youtu.be/PVBdnY3WgPY

I've had success with this:
 
1) clone the track and pan each instance fairly hard in opposite direction
2) apply no compression to one side and a fair amount to the other
3) send both to a bus where you adjust the desired instrument EQ
 
Adjust to your liking and this creates a rocking back-and-forth sensation, where the quiet moments are only captured in the compressed track, whereas the louder moments really shine on the uncompressed.  I used as the concept behind a track on one of my albums, but applied the technique to the entire song (because it was a single-mic single-take demo-style recording) and think it works: https://smaltmine.bandcamp.com/track/oh-the-places-youll-go-demo
 
This works best with dynamic, down-to-mid-tempo material, not really as much for louder or faster parts...