I would go with a walnut stain with a wood with small grain and no knots. This would be consider a modern look. Or mid century modern. Which is back in style. Cedar would be best over pine.

It's really nicely done, maybe just some fresh cloud white paint from Benjamin Moore? It really adds a lot of texture and interest.

Alternatively, if you just want to get the water marks out of the wood: Set an iron to warm (not hot) and allow it to heat. Lay a cotton napkin or tee shirt over the water stain. Iron the stain through the cloth for 5-10 seconds, then remove the heat for 20-30 seconds. Repeat as necessary, buffing lightly with the cloth after every 2-3 heat cycles. A hair dryer may used instead of the iron. Set it to medium heat and hold 2-4 inches from the stain. Buff the stain with the napkin or tee shirt as you heat the wood.

Hi Ang, I thought I'd follow up my earlier comment with pictures of before and after of pine cupboards I specified to be painted in a budget makeover. My clients tell me people presumed they had purchased brand new cabinetry, so startling was the makeover. Somehow I have put the "after" on the left and "before" image on the right!