Terraform is a great tool that fulfills our requirements, and fortunately, Cloudflare maintains its own provider that allows us to manage its service configuration hasslefree.
On top of that, Terragrunt, is a thin wrapper that provides extra commands and functionality for keeping Terraform configurations DRY, and managing remote state.
The combination of both leads to a more modular and re-usable structure for Cloudflare resources (configuration), by utilizing terraform, and terragrunt modules.