There are spaces in the flaps to store business cards and papers and to hold a pen or pencil there is a simple loop of elastic next to the hook and loop tape on the strap. To be able to find your place easily a ribbon is sewn in at the spine. Over the years I have perfected what I want in my cover and long ago decided that I did not like to tie it closed because it was alway coming untied in my purse -- hence the hook and loop tape closure. A button or other geegaw could be added I suppose, but these two were whipped out in under an hour.
You might consider something similar as a gift item.