I think that is a reproduction. I judge by appearance and water stains.
We can assume that it is watercolor, but the Germans watercolor "take" under glass.
Judging by the details of the reverse side, the picture is already in Russia has been "finalized".
The label was cut out, reduced and perekleena. The meaning probably was, to remove "bad" words such as "Fine" or "art print". Joint binding "picture-frame" has been made, too already in Russia, using the technique of sizing the window frames the old model for the winter. In Germany, this procedure makes the pro and obsolyutno accurately, showing that their communion to the beautiful view.
Smirnyulka,
slightly out of topic:
In one form or another tied to the photograph on the pic to the owner.
On your own pic pretty hair and интерестное dress.