The older I get, the less magic Christmas seems to me. It becomes more and more an ordinary day with perhaps slightly more pomp or gatherings or hassle. There are a number of reasons for this personally in my life, mostly dealing with rotating family schedules that mean we “do” Christmas on some other day whenever we can get together, and so at times, Christmas really is just another day where nothing special happens.
Perhaps it is partially a function of expectation level. For example, when I was in 4th or 5th grade or so, I really caught on to the whole Santa thing and made lists of all the toys I wanted. I got none of them, and when this repeated itself year after year, it didn’t take too many years to get to the point where Santa was a fun novelty, but nothing special, certainly nothing real. I lowered my expectations and moved forward and stopped investing emotional energy into the elf, and learned to enjoy Santa for what he was, nothing more or less.