A printing system and method combine conventional print and reusable print media functionality in a shared stand-alone system to allow a user flexibility in deciding whether to print a temporary document or an archival permanent document. The system integrates and shares functionality to reduce manufacturing and operating costs, as well as to reduce the device's footprint. Commonality may include a common printhead shuttling mechanism (traversing carriage) and portions of the mechanism for moving paper. Pre-conditioning and printzone conditioning stations may also be shared to achieve precondition heating and/or erasing of media sheets prior to printing and maintaining of an elevated temperature during printing. In embodiments, separate feed trays are provided for each media sheet type.