Jones 1 (PK 104-29.1) is a faint planetary nebula located in the constellation Pegasus and consists of a delicate, nearly circular outer shell of ionized gas, which is the remnant of a dying star that has shed its outer layers.  The nebula emits a faint greenish or bluish hue, caused by the ionization of oxygen gas by ultraviolet radiation from the central white dwarf star.  

The faint reddish wisp next to Jones 1 (PK 104-29.1) is likely part of the surrounding interstellar medium or remnants of earlier stellar material interacting with the nebula's expanding shell. The wisp appears faint and nebulous, lacking the defined edges of Jones 1 itself. This suggests it is a cloud of gas or dust illuminated by the surrounding stars or the dying central star of Jones 1.  This feature might not be physically connected to Jones 1 but instead may lie along the same line of sight. Alternatively, it could represent older ejected material from the progenitor star of the planetary nebula, slowly dispersing into the surrounding medium.