Ok.. It may be possible that I may be the only one… BUT I don't think so.
I hate seeing keys on a counter rolling around with no assigned location. I also don't really like having them “exposed” on a key hanger. (specially since I don't have a “Mudroom” or something like it. I wish I did.) In my case they would just hang there in my middle of one of my entry ways, looking into my OCD soul. Too much? Ok.. well, you may be right, but I really don't like them just hanging there. Doesn’t really fit in the decor.. Sometimes I feel it take aways from the great looking key hanger out there.
I ramble just to justify.. My great James Bond idea. HA! “Why don’t just hide them behind a frame.”
The key (no pun intended) is finding the right frame. It’s has to be at least 1½ inches in depth. This way the keys will hide behind behind the frame without damaging it or not allowing the frame to close properly. The deeper/thicker the frame the better. It was really pretty easy and I think I may customize a bit more by adding fancier hooks, and maybe replacing the elastic with a small wood plate but I just couldn't wait to share.
I hope you guys like it and maybe you can customize it to fit your needs, hopefully I gave you a head start. 
Check it out !
Check it out ! I had most of the materials which allowed my cost to be minimal.
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Where did you get the stencil(s) for the wording?