GQing my new iPad, what case or bag?

I recently got my first iPad with smart cover. Now I am looking for a stylish bag or case. I would normally carry it inside my messenger bag but just in case I want to carry it by itself, I am looking for something stylish.

I can't afford LV or Burberry so I've been checking around for cheaper alternatives. There are offerings from Coach and Jack Spade. In a recent GQ issue they featured a guy with a tan suit carrying this bankers' portfolio:

http://www.refinery29.com/man-bags

I find with the above, it will have room for my iPad and smart cover and maybe some papers, pens and etc. Absolutely love the color!

On the other hand, the company that makes the above bankers portfolio also makes iPad cases like this:

http://www.ernestalexander.com/shop/small-goods/wax-ipad-sleeve?product=379

Love the forest green color as well.

What about you, what sort of bag do you put your iPad when travelling?

Thanks.

Cheers,

José