Having a box of Christmas books is an important Burton family tradition. The box itself is nothing special (mine is beat-up cardboard that once contained copy paper), but the books are precious because they only come out once a year.
Our treasured family copy of The Night Before Christmas is illustrated by Gyo Fujikawa, who specialized in multi-ethnic picture books. The only characters in this one, though, are a white 19th-century family (plus white St. Nick).
Recently I've gotten some great recommendations for new and diverse Christmas books. This year Wendy is giving our youngest niece The Night Before Christmas (Putnam, 2009), illustrated by Rachel Isadora with African characters and setting, for her own Christmas book collection.
The Brown Bookshelf recommends multi-ethnic holiday books: Shades of the Season
Shen's Books shares four Christmas stories: Multicultural Minute #16
(In addition to the Fujikawa, my family's Christmas box includes Cookie Count by Robert Sabuda, A Newbery Christmas, I Like Winter by Lois Lenski, and a Little Golden Book about Rudolph the Red-Nosed Reindeer, among other favorites.)