"If I could have only a few pairs of shoes — but fabulous, quality ones — what would they be?"

I've been pondering this one for a long time and would love to throw it to the masses. I can't seem to edit my shoe collection the way I can my clothes, and I'm ashamed to admit that I'm not wild about the majority of my shoes.

To tackle this question, it seems necessary to consider:

-Dominant seasons: I live somewhere with four distinct seasons, most of them on the colder side
-Colours: which colours are the most universal, while avoiding a closet full of neutral-coloured shoes?
-Styles: which styles can best be dressed up and down, used for different occasions? Which styles are most classic and enduring? My goal is to have minimal turnover in my collection.
-Compatibility with the widest variety of clothes: dresses, skirts, various lengths and styles of pants
-Brands: which brands tend to offer great workmanship, comfort, and a flair for style?

Styles that come to mind are ballet flats and oxfords. Colours that come to mind are black, brown, red, leopard print, metallic shades.

Would love to hear others' thoughts and/or to know what's in your shoe wardrobes...and bonus points if anyone comes up with a capsule shoe collection. Thanks!