Lourdes Leon: 14 & Fabulous!

Style runs in the family genes: Madonna and Lourdes Leon celebrate the launch of their fashion collaboration – the juniors clothing collection Material Girl – at Macy's Herald Square in New York on Sept. 22. "I respect her taste, and I rarely disagree with her," Madonna says of her daughter, who turns 14 on Oct. 14.

Stepping out on her own, Lourdes starts her freshman year at New York's Fiorello H. LaGuardia High – the Fame-d public performing arts school – in September. "I think she wants to be an actress," Madonna revealed last year. "I'm fine with it, as long as she finishes school, and takes it seriously."

Let's get this party started! Lourdes takes in a bird's eye view of the Carnival parade with mom, Jesus Luz and little sister Mercy (not pictured) in Rio de Janeiro, Brazil, in February.

She may be her mother's daughter, but Lourdes is still a daddy's girl. The budding fashionista spends quality time with papa Carlos Leon over breakfast in his Soho neighborhood last November. "When she was very young, she knew how to put her clothes together," Leon tells PEOPLE. "She had so much fashion sense."

Who's the bigger jet-setter? Lourdes shows she's as much a fashion mix master as mom – in funky leggings, a cropped leather jacket and glittered TOMS shoes – at New York's John F. Kennedy Airport in Oct. 2009.

Lourdes and Madonna make a coordinated arrival – in matching leather and lace ensembles – at the New York City premiere of the movie-musical Nine in December.

No surprise, they're a musical family! Broadway belles Lourdes and Madonna get ready for show time at a performance of Fela! in New York City in March.

In April, Lourdes and Mercy, 4, lend their support to mom at the groundbreaking ceremony for Madonna's $15 million Raising Malawi Academy for Girls in Lilongwe, Malawi.

Taking direction from mom, Lourdes gets ready for her first big screen close-up on Madonna's directorial effort, W.E., in London on Aug. 31. "Maybe she'll rule the world one day, like her mom," dad Carlos Leon recently told PEOPLE.