Separates for sure. Magic is in the DAC+. At some personal risk for blasphemy, look at the WiiM Pro streamer @ $150 and a separate linear power supply. If you believe in measurements, and in this case I do, check out VintageFlanker’s review on audiosciencereview.com. Literally perfect digital output via optical or coax. Don’t need the plus, since not using onboard DAC. Great software app interface. Runs all the best streaming services native, no chromecast or airplay needed, both suck IMO.
Then you can splurge on a great DAC + Clock + Ethernet switch + interconnects, hardwire in via isolated switch output, and you’ll get great organic sound with superb imaging. R2R look at Denafrips, lots of other great options like Chord.
Happy listening!