Welcome Geosh!
Love the 514, regardless of year made. They're great examples of what can be achieved with mahogany. What woods were used on your old 414? Spruce /Ovangkol or some other combo?
Yes, it is Spruce/Ovangkol. I remember when I purchased it, I played every Taylor I could get my hands on and this one just stood out. They even had a couple 414's at the time. I wrote down the serial number and then came back with a buddy a couple days later to make sure it was "the one". We both picked the same one again as the standout (without verifying serial numbers first) and he said if I wasn't going to buy it then he was.
It needs a partial refret at this point, but still plays pretty well and still sounds incredible. I got a newer (2013) 814ce a while back and ended up selling it because my 414 just had that sound covered (the 814 sure was pretty though).