When image based element is selected:
Image tab
change image via url or upload
add link
reflect effect
rotate effect
Additional option to add a bookmark link
Filters tab
Grayscale effect
Blur effect
Brightness effect
Contrast effect
Hue Rotate effect
Opacity effect
Invert effect
Saturate effect
Sepia effect
All effects are using CSS3 applied to image element
Style tab
add/change background color/background image or set it to transparent
background position
background size
background attachment
background repeat
box