I much prefer Margot. Marguerite sounds different enough to me both to Margaret and Margarita (but then I’m not a USian or even a native English speaker) but it’s only marginally better than Margaret which I don’t care for.
“And I wish there was a treaty we could sign
I do not care who takes this bloody hill
I'm angry and I'm tired all the time
I wish there was a treaty,
I wish there was a treaty
Between your love and mine”
Leonard Cohen