Wearing such a bold color, it's important to go light with your accessories. I chose a nude shoe so it would not take attention away from the red lace design. You can do the same with your makeup, but I decided on a red lip to match the color of the dress.
Dress: Diane von Furstenberg Alma Red Lace Dress
The dress is still available at a few online stores, including Neiman Marcus, Net-a-Porter and Saks. Sizes are very limited, though.
The dress is actually a little big on me -- I'm wearing a size six for reference -- but I think that the bagginess actually works in my favor. You don't want a lace dress to be too tight on your frame, and the flowing fabric seems to compliment the overall design.
Diane von Furstenberg can also run very small, so it's generally better to size up if you're between sizes.
If you like the red lacy look, and the DVF is not available in your size, here are some other dress options:
Shoes: Schutz Scalloped Lace-Cut Leather Sandals in Light Wood (Nude)
The sandals are no longer available -- I bought them several years ago from the now defunct Piperlime.com -- but you can shop the brand on sites like Amazon. The shoes are very affordable for such a chic, celebrity beloved brand.