Watch the Boreal 5 online guitar lesson by TrueFire from Play Acoustic Guitar 9: Advanced Style Diversity
Boreal 5 - Melody Demo: Slow Tempo is a video guitar lesson presented by Tierra Negra and is sourced from New World Flamenco.
As you can see on the video, I'm using the rest stroke technique from the Melody Technique 1 lesson.
Notice how I stabilize my right hand by resting my right thumb on the low E string. We haven't talked about vibrato, but you can see how I add a slight vibrato to notes at the end of a phrase by shaking my finger slightly side to side while pressing on the string. I also make use of hammer-ons and pull-offs.
In flamenco, we don't play melodies over the soundhole, but rather in the region between the soundhole and the guitar's bridge.