In case of historic building situation is a bit complicated. There are a number of companies that can make historically correct windows, and they are of course costly. If you have bought a historic building, their is a great responsibility that goes with that.
We can then add the study from Cohen et al. (1991) on "Energy savings and economics of retrofitting single-family buildings" and take your conclusions.
I guess it is about time that we bring this subject on contemporary debate again.
Researchers and "normal" users are valuing windows replacement for the wrong reasons.