Refashion: XL Silk blouse to Wearable blouse?

In the colder months, I always like to layer my sweaters with a silk blouse. The temperature-regulating properties of silk give it the ability to warm and cool the body at the same time. It feels great against the skin, and it is non-bulky to wear or to pack - making it quite travel friendly. I would layer a silk blouse on top of a silk camisole and then put the wool sweater on top. It gives me a smoother shape than if I was wearing a cotton t-shirt.

This is an XL ladies silk blouse I thrifted from my local Thrift Store last year. It looks a bit matronly to me but I thought it would make a great layering piece.

First, I chopped off the sleeves:

Then I used the PPCS (pinch-pin-cut-sew) method to remove the excess fabric on the sides. I still wanted it to be a bit loose fitting so I can tied it in the front. I then cut the sleeves to a shorter length, and gathered the cuff with elastics.

I tried to wear it as is but it still looks matronly to me.

I tried to tie it in the front:

And finally I wore it the way I had intended - layering it with a sweater:

So what do you think? Does it look matronly as is? Any suggestions on how I can make the blouse less matronly?