That looks basically correct. The only question I would have is your use of the term "(guitar)" cable. That would imply an unbalanced TS (Tip/Sleeve 2-conductor) cable. You'd have to double check the specs on your specific gear, but if they can handle TRS cables - still 1/4" plugs, but balanced 3-conductor TRS - it would be potehtially cleaner to use those. If they don't handle balanced I/O, that's still OK (but slightly less desireable), and then you'd use standard 2-conductor "guitar" cables.
Other than that question/option, it looks correct from what I can see. Also, just to be on the safe side, make sure you have the input switches on the Project Mix side set to "Line" instead of "Mic".Because they physically are "better" connectors, can easily provide balanced capability, and because many studios have their gear connected to a patch bay, snake, or other breakout box that accept XLR.
But remember, just because you have XLR on one side doesn't mean that there *has* to be XLR on the other side of the cable. One can still use a TRS 1/4" on the other end, or, as many bigger studios have, hard soldered into DB-25 (25-pin) or other multi-pin mass connections
G.