There was an interesting thread on this a while back - I think the conclusion was that the farme was the same bar the paint accross all the models. The price points reflect the different groupos and finishing kits.
“Based on how popular the Lucero was last year the goal was to offer a couple complete bikes with a different look and a more affordable price. While many people like the stealth look of the Lucero, others prefer a bit “louder” finish as is on the Caliente, and other like the neutral finish on the Seduza. The 12K finish and the paint helped to get the price down plus of course the difference of the groups. The Lucero though can be had as a frameset only, while Caliente and Seduza are only available as complete bikes.
Basically different strokes for different folks.”
same frame with different carbon and paint finish…