We call this look an oldie but a goodie because pieces like these may never go out of style. A military jacket, destroyed denim, a crisp white blouse, and sleek loafers are all items we've seen time and time again, yet they never get old - especially when Olivia Palermo is the outfit inspiration! She couldn't have picked a better color than that pop of red for her tote bag, too...sometimes it's okay to stray from a neutral bag!