I finished a picture I was doing today and figured I would post my process here. This was done specifically for Andy's wiki page for Arkaz.
The lines are done traditionally, ink on bristol paper. I spent so much time getting her legs right that her hand was very wrong initially. I ended up using tracing paper to fix her hand, then I scanned and composited it in Photoshop, then did the colors in Photoshop, because I've misplaced my watercolor pencils.
I'm happy with it for now. I really enjoy doing this style of art.