Thanks for all the positive comments! Rasguado is great fun, and adds a slightly different dimension to what I play.
As far as the song goes, I recorded both guitar and voice (separately) with an AKG C414 XLII mic through a Focusrite ISA one pre-amp. Both the main voice and harmony where processed through Nectar 2 with just a drop of reverb. The guitar was split into 3 tracks, one for main rhythm, one for the runs and one for accentuation of the melody notes. I can see where there is some 'muffledness' as well. Not wanting to sound like a ad for Izotope, but each part was processed through Izotpes's Neutron, which has many presets and unlimited adjustment.
I am still trying to get that optimal guitar sound, as I hear multiple resonances throughout my recording room, that I just can't get on the recording. There are lots of little sounds in the room, like the HVAC unit blowing air that challenge me. I will continue to experiment with a few other mics. I do have a DPA mic that I will try out next.
I do like the Izotope products, as they do seem to bring out a richness, I don't quite hear with the standard Cakewalk products.