I have not been able to use all the wood species I may want to use, but of the few I have used these would be my favourites.
No specific order. I try to avoid using any stains in my boards. So I use different wood species to provide contrast.
a) Hard maple. I like this for cutting boards. Hard and tight grain. Tough on the tools.
b) Cherry, easy to work, lot of interesting grain patterns. I like the rich brown tones as it darkens over time.
c) Hickory. Easy to work, can have some interesting grain patterns.
d) Black walnut. Easy to work, lot of interesting grain patterns.
e) Purpleheart. The colour is unusual, people do not at first believe it is natural. I like this for the contrast in a piece. Can splinter. Boards are normally straight.
f) Lacewood. I like this for the teardrop grain pattern. Another species I like to use for contrast. Soft so very easy to work.
g) Pink ivory. This for me is the "turns like butter" wood. The shavings have a waxy feel. It is very expensive so I only have small turning blanks.
h) Pommele sapele. This is my most expensive board. Cost me $28 / board foot, but I just fell in love with the grain. This is being used very sparingly for "wow" factor in edge treatments of boards.
i) Sapele. This is supposed to be a poor man's mahogany, but I think it has more interesting grain than the mahogany species I have been able to aquire. Easy to work.
j) Wenge. My favourite black wood. This will give you splinters just by looking at it, so handle with care. I love the grain in the unfinished, but as soon as you apply finish, sad that the grain pattern disappears.
k) Curly maple. I just love the grain. I am still trying to master how to make the curl pop.
l) Canarywood. Nice colour contrast. Grain can sometimes have nice red stripes. Easy to work.
I have my first piece of cherry burl awaiting turning. I am just trying to decide the best way to turn a piece which is more rectangular, without wasting most of the wood.
I did not include oak, since it is not a bad wood, just not my favourite.
With a $1500 budget you should have a nice wood collection. I have several boards I purchased because I loved the grain. They are in my "inventory" but I have not yet decided on a project or two in which to use them.
My friend told me I have to be careful I do not become a wood collector.