Significant progress has been made on the development of modeling approaches for simulating turbulent reacting flows. We are currently in a position where keyphysical aspects of fairly complex combustion processes are reasonably well understood at a qualitative and-in many cases-also at a quantitative level. Examples are the prediction of temperature and major species, statistically stationary flames, gaseous combustion, turbulence/flame coupling, and turbulent scalar transport. However, major challenges arise in capturing transient processes, minor species, multi-phase flows, and multidimensional flame/flow interactions. With this, the question arises what steps need to be taken to elevate the current state of modeling capabilities to address these deficiencies? This paper seeks to address this multifaceted question. For this, we begin by briefly reviewing the current state of combustion model approaches, our quest for improving existing models, and ideas on model evaluations. We then proceed by examining concepts on quantitative model evaluations, requirements on predictability, quantities of interest, and cost/accuracy trade-offs. We close by introducing recent concepts on model evaluations that directly incorporate time-resolved measurements.