Although this is a beautiful pup, I'm not a fan of wolf hybrids, which is exactly what this is. I've worked with wolves enough to know they cannot be trained like a domesticated dog - I know this because I'm a dog trainer of German Shepherds.
The Kelpie is a supernatural water horse from Celtic folklore. They tend to be malevolent in nature. They are able to transform (usually into beautiful women) and lure victims into the water to drown them.