The discovery of transition metal complexes with novel properties is often based on serendipity, and the basis for the further development and optimization of such systems with specific properties is the careful analysis of experimental data. Important approaches in this process are classical methods derived from qualitative molecular orbital and ligand field theory, parameters related to donor-acceptor strengths, and concepts based on geometric and steric effects. The analysis of experimental data of novel systems, based on thorough electronic structure calculations, allows these novel systems to be interpreted and understood. As a result, new models and theories may emerge, possibly leading to rules on how the relevant properties of the new class of compounds may be further improved.There are also examples, where novel types of compounds or novel mechanistic ideas have emerged from theoretical studies; recent examples include the discovery of the first molecular Fe VI species [1], the experimental characterization of HgF 4 [2], the prediction and observation of multistate reactivity in iron-based oxygen activation [3,4], the discovery of an elusive, biologically relevant Cu-O 2 complex [5, 6], the investigation of copper-oxygen intermediates capable of hydroxylating arenes [7], and the search for the elusive high-spin Fe IV ¼O model system [8][9][10][11][12][13][14][15].Importantly, there is an increasing number of studies with a combination of preparative chemistry, the experimental investigation of molecular properties, theory, and modeling. In many areas, a thorough interpretation of experimental dataoften based on electronic structure calculations -has helped to create new models and rules, which then have inspired experimentalists to the synthesis and investigation of new compounds and reactions. The general approach described here, relies on the correlation of structures and properties, the possibility to enforce structures on transition metal centers by well-designed organic ligands and, specifically, a reliable structure prediction, leading to a combination of theory, structural modeling, and experiment [16,17].Modeling of Molecular Properties, First Edition. Edited by Peter Comba.