A weekly feature on the blog, NOT Knit by Nat highlights great patterns by budding designers on Ravelry
If versatility is what you're after, look no further that Sonji's Aspire pattern which is a reversible cape, a poncho and shawl all in one. And with a long AND short version available, the pattern offers very good value! I have a real soft spot for chunky garter stitched pieces with great structure, and this piece satisfies all those criteria.
Speaking of value, Sonja has generously applied a discount code to all Knit by Nat readers who purchase this pattern by January 16th, simply enter 15%KNITBYNAT at checkout!