Both

Regina Mills, Mayor of Storybrooke, was smiling at the beautiful day. The birds sing, the sunlight sparkled, and there was a song in her heart. For she had finally done it. Finally gotten her happy ending, with the aid of the six gemstones which were on her watch at the moment. The power they held allowed her to change and reshape everything. Allowing her to see what her future held, not only the one which would have happen but also all of the ones which could have happened.

"Who would have expected that there was so many happy endings which could have happened? I just had to gain the power to find the one I wanted, then get it." she said to herself, as she looked at the huge vanity mirror. Only to have her image, in modern clothing shift to an elegant dress from a fantasy novel. On her neck was a necklace which had the same six stones as the other one's watch. A sexy one.

The other reflection spoke as well, "Not me. Or you. Fortunately, the stones also allowed us to live those happening endings in two places at once. In the Enchanted Forest and the World without Magic. Winning seems to be helping my mood, as well as balancing my darkness and light. So are you enjoying yourself? Because I am."

"I am. I have my son, I have my fiance, my friends including special friends, as well as the love of the people. Just like you have similar in your world, I expect. All I have to do with my happy ending is to live it ever after!" said the Mayor to the Queen of the Enchanted Forest, who nodded.

"Well, let's live it then!" was the reply as the two women continued with their new lives.