Book 2 in Tales of Terra 5?

I have an idea for a new story that takes place on Terra 5, the location for my current novel Red Hood. Since it will not involve the same characters, except maybe in a cameo appearance, I thought I could start a series called Tales of Terra 5, with a reimagined fairy tale as the core behind every story. We'll have to see how that goes as I only have the spark of an idea (a great one, mind you!), but the entire thing hasn't fleshed itself out in my brain, yet.

I'm excited to have something to work on, besides polishing up a few things I've completed, but haven't found a home for yet. I suppose it might help if I actually sent them out, but I wanted to see how Red Hood did before committing to letting my literary babies leave the nest.