Carmen Electra -- Good Genes Or Good Docs?

Carmen’s good looks are Electra-fying!

Here’s a 24-year-old version of the "Baywatch" brunette at a Playboy party in 1996 (left) and 20 years later ... the lighter looking beach blonde -- who recently celebrated her 44th birthday -- at an event in Beverly Hills earlier this month (right).

Picture perfect!

The question is...