I agree with Beren87, Elrond is the "Lord of the Last Homely House", so I would call Arwen a Lady before anything.
'Sides, the word "princess" has been so Disney-atized to me that I loathe the word. :P
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The Warrior Hobbit
Nīn o Chithaeglir, lasto beth daer;
Rimmo nīn Bruinen, dan in Ulaer!
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