Classic Old Fashioned

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Classic Old Fashioned
1 Demerara sugar cube 1/2 oz. water 2 dashes Peychaud’s bitters 3 dashes Angostura bitters 2 oz. Four Roses Small Batch Bourbon Ice Lemon peel Cherry  
In a glass, muddle sugar cube in water with Peychaud’s and Angostura bitters. Add bourbon and ice. Garnish with lemon peel and cherry.