CURRENT EDIT (5/25/15) I have made a few upgrades to my build from what is listed below. Here are the updates.
CPU--I started streaming. Something I never thought I would do. The system really never liked streaming iRacing. I would get CPU warnings all the time in OBS. Decided it was time to upgrade to the i7-4790k. It is running good!
Liquid Cooler--I decided to go ahead and get a liquid cooler. Went with the Corsair H100i. Didn't realize there was some incompatibility with my case and it. I made it fit. I really like the LED lights on it and the Corsair Link program that gives me all kinds of data.
Memory--I decided since RAM is cheap I would go to 16GB. It is probably more of a future proof move than anything.
This system has been something I have been dreaming of for a while now. I started playing WoW in 2005 on an old Gateway desktop that never seemed to really run it very well. Since then I had been switching between laptops ending with a 2009 MacBook Pro 13". It ran everything on low and most times I could not get over 15 FPS. The thought of running anything different was out of the question. So for a while I have been thinking, researching and dreaming of building my own gaming PC. This is the results of all of the research and dreaming and I could not be happier about it.
CPU and Motherboard--I got the i5-4690k and Z97 MB because I wanted to make sure I had something that I could over clock in the future. Currently I just have the stock CPU fan but that will change soon.
Memory--I heard good things about Kingston memory and have always had good luck with it in the past. I did pay a couple extra dollars for red though.
Storage--I went round and round on if I was going to pay the money for an SSD or not. Now that I did and Windows 8.1 boots in around 10 seconds I am so glad I did.
GPU--I started out with a VisionTek R9-270X. It was a cost move that I regretted from the point I put it in the machine. I decided to return it and purchase a GTX 970 (Thank you Christmas money!). I am really pleased with the Gigabyte GeForce GTX 970. I feel like this was one of the best future proof moves I could have made.
Case--I really like the look of the SPEC-01 case and I love the price. It has really good room for everything and the cable management worked out really well. The second to last picture is the final cable layout. I did add three more fans to the case since it only came with one.
My last step for this build will be adding an aftermarket CPU cooler and a 24" monitor. So far I am extremely happy with how the build turned out!