If you like, take some smaller balls of this dough and color them with food coloring. Sometime I put cinnamon for coloring. If the food coloring makes the dough a little too sticky, just knead in a tiny bit more flour.
If you don't like the food coloring approach, then you can always paint your ornaments after you bake them.
Now that the dough is rested, you are ready to start forming the dough into the shapes you like.