In a blender. combine 3 peeled peaches, 1/2 peeled orange, and the juice from 2 lemons and 2 limes. Puree until smooth and set aside.
In a large pitcher slowly stir together the wine, triple sec and puree mixture. Add remaining fresh peach slices, cherries and sugar to taste.
Serve cold in an ice-filled glass with a splash of soda water.
Optional: For perfectly thin sliced citrus, use mandolin slicer.