Pour wine into a large punch bowl. Add raspberry syrup, rum, and peach schnapps. Stir to combine.
Add raspberries, limes, oranges, and lemons to bowl. Stir to combine. Let sit about 30 minutes.
Add sparkling water and ice, and stir gently until combined. Serve immediately.
SNAPPY TIPS: For a more carbonated cocktail add additional sparkling water.SNAPPY SUBSTITUTIONS: Instead of fresh raspberries you can substitute frozen raspberries. Depending on how sweet your wine is you may prefer a soda (ginger ale or lemon-lime) instead of sparkling water.