Acoustic Guitar Recording

Personally, I use M/S technique a lot, which allows me to aim the mics closer to the 12th fret and away from the head, and get great stereo image without picking up a lot of breathing. I also use either a very HQ mahogany guitar, or a compact rosewood model, as apposed to say, a rosewood dreadnought, which helps so I can mic closer without booming out the signal.