Beltzington, I am with you that Hardie can't look that good, but you do need to balance looks/upkeep/cost. There is never a perfect solution.
Our home is mountain-craftsman style, and we wanted a combination of siding looks/textures along with rafter tails, beams, brackets, etc. We had a good builder and spent a lot of time working out a good compromise plan. We used both horizontal lap and vertical Hardie panel. The vertical panel got PVC battens nailed on to create a board & batten look (Hardie battens were too expensive and not justified). All corner trim is PVC. Painted up, it looks very good, but of course isn't the same as real wood with stain as your photo shows.
Our stained wood elements include rough-sawn white pine soffits and overhangs, stained with minwax stain and given a good coat of spar urethane. These are all out of the sun, and are holding up perfectly. Rafter tails, fly rakes, and beams/brackets are pressure treated 4x4 and 4x6 lumber with Sikkens stain/finish. They are a little more exposed, but also holding up well after 2 years.
The most exposed wood elements are porch columns, which are the same rough-sawn white pine with minwax stain and spar urethane. So far they are holding up well, but I expect they will be the first to need maintenance after a while.
We also have quarter-sawn fir floors on the porches. They got a Sherwin-Williams deck stain. On the back porch, which is protected, it's done fine. On the front porch that gets sun/rain, it failed miserably. We had to remove that finish, sand the floor, and re-coat with Cabot spar varnish (the real old fashioned stuff with turpentine). So far it is holding up exceptionally well.
I will put a few pictures below. Will also include one of my barn at the end. This is rough-sawn white pine board/batten siding with Sherwin-Williams siding stain. no doubt, that looks way better than painted Hardie, but I am not sure I'd be brave enough to put it on my main home. Time will tell....
Last but not least, I included a photo of poplar-bark siding we used for accents. It looks like a million bucks. Holds up well to the elements, but cost makes it best used as an accent in our budget range.
