Thank you CycleOps.
My intention is not to build a typical hybrid bike. I should have clarified that first.
I first got a Cannondale Quick 4 for my wife. Our daughter loved it and she started using it and requested me to get another bike for her mom.
My wife prefers lightweight bike which does not take lot of energy to pedal. Quick 4 (Aluminum) is that. So I started looking at FaceBook, etc., for a carbon flat-bar bike (more of a carbon fitness bike similar to Quick). They are hard to come by. So I thought of getting a carbon road bike and converting it to a flat-bar. My wife tried my endurance bike and the only thing that she did not like is the dropbar. So she will good with a road bike with flat bar and up-right ride.
Even now, I am negotiating the price for a 2008 Giant TCR full carbon with flatbar bike. If that works out, that will become my wife's bike and I may go all out on building an endurance road bike on 2013 Giant Defy Advanced 0 frame that I just bought. My first build on a frame that only accepts Di2 components is a challenge. YouTube seems to have lot of video on it. We will see.
Would something like this help to change riding position to up-right?
Giant Contact OD2 Stem (Black) (31.8mm) (85mm) (30°) (1-1/4" Steerer)