The key is rolled fondant - purchased in a tub from Bulk Barn. Simply roll out the fondant as you would cookie dough and place it over your layers of cake. This cake was two layers of red velvet cake and one layer of vanilla with cream cheese icing in between layers and iced on top to ensure the red from the cake doesn't seep through the fondant. Purchase some satin ribbon and fresh flowers to decorate. A simple frame with the letter of the person's name is an easy and classic cake top.
If you are looking to purchase rolled fondant rather than making it yourself, I would recommend staying away from the Wilton fondant and spending the extra $5 on Liberty Virgin Ice White Fondant that comes in a 4lbs tub. The Wilton fondant dries out rather quickly and becomes hard as a rock so if you don't use all of it in one go - you are out of luck. The Liberty version keeps for a long time and is easy to mould. It comes in a variety of colours as well. Happy decorating!