enables applications in optical components such as anti-reflective coatings, [1] optical filters, [2] and optical absorbers. [3] Generally, their optical properties can be tuned by designing the structural geometries and materials involved, which remain fixed after fabrication. Using phase-change materials (PCMs) and phase-transition materials (PTMs) as active optical layers provides the optical components with new features of switchable optical properties. PCMs have at least two (meta-)stable phases, that is, one amorphous phase and one or more crystalline phases with high contrast in their electrical and optical properties. [4] A PCM can be crystallized by a thermal, optical, or electrical stimulus which heats it above its glass transition temperature T g . The phase change is non-volatile, which means the switched phase is maintained even after the switching stimulus ends. [4,5] Common PCMs like GeTe and GeSbTe-derivatives are, for example, applied in rewritable data storage devices. [6][7][8] In contrast, PTMs also have a temperature-stimulated, but volatile phase transition, where the switched phase is only maintained at temperatures above its transition temperature (T c ). [9] These materials automatically change back to the original phases when cooled down below T c . Therefore, their optical and electrical properties change reversibly with the temperature. A commonly used example of PTMs is vanadium dioxide (VO 2 ), which undergoes a semiconductor-metal Phase-change materials (PCMs) and phase-transition materials (PTMs) both show a large contrast in their respective optical properties upon switching, enabling compact optical components with diverse functionalities like sensing, thermal imaging, and data recording. However, their switching properties differ significantly, that is, the switching is non-volatile for PCMs while volatile for PTMs. Here, new-generation smart mid-infrared modulators with switchable transmission, reflection, and absorption are demonstrated conceptually and experimentally, which combine one PCM (Ge 3 Sb 2 Te 6 or In 3 SbTe 2 ) with one PTM (VO 2 ) as two active layers. The bottom VO 2 layer is employed as a thermally regulated (modulated) dynamic mirror, facilitating the switching of transmission between "on" state (using VO 2 in its semiconducting state at temperatures below its phase transition temperature T c ) and "off" state (metallic VO 2 at temperatures above T c ). The PCM layer on top of the metallic VO 2 layer is used either for continuously adjusting the absorption peak spectrally (by up to 1.8 µm using different phases of Ge 3 Sb 2 Te 6 ) or for switching between absorption mode (A = 0.99 with amorphous In 3 SbTe 2 ) and reflection mode (R = 0.85 with crystalline In 3 SbTe 2 ). The presented concept of merging static, non-volatile thermal switching (via PCMs) with dynamic, volatile thermal modulation (via PTMs) empowers a new generation of optical devices for smart optical switching, for example in spectrally tunable safety optical switches.