As far as the clear coat is concerned, you have two options.
1) You could spray it with clear, let it cure, then wet sand it and hand rub it out with a compound until you get the desired luster. Different grit polishing compounds and rubbing compounds will give you different final finishes.
2) Add a flattening agent to the clear when you spray it, and you'll get an instant matte look. You'll have to play with the amount of agent you use in the gun.
When I spray multiple stocks, I don't add the flattening agent because inevitably one of the stocks in the group needs to be a high gloss.
If you don't add the agent, and wet sand and hand rub it, you will want to only sand it down to 1000 grit paper.
When I don't add the agent and wet sand and hand rub to a high gloss, I wet sand down to 3000 grit paper.