Do I hear a hint of early baroque, possibly renaissance influence in here? It would be nice if you told us a little more about the piece to understand it.
Just as a note, if you record onto a file pre-converted for high quality you will lose that annoying white noise and everything will sound cleaner. Also, I would suggest lowering the volume down on the guitar. An acoustic guitar isn't quite as loud as this if you are trying to emulate a live performance, and right now it's kinda of drowning out the flute. Also be wary of the amount of reverb you add, sometimes there's more than you think when applying it.
