I originally saw a similar idea to this on Pinterest and I absolutely loved it!
Ours is just a bit different but you can see how this way may be a bit simpler. The link to this original pin can be found here.
The French Braid is not necessary but I do really like the look that it gives. You could even pull this off with a twist instead of a braid if you like!
This picture shows you how we sectioned the hair.
Here's a view of the other side and the wrap.
My princess loved this hairstyle so much that I'm sure it's going to be a new regular for us!

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