A Mini is the good for its time unreliable deathtrap made by Morris. A MINI is the modern one. It's just someone trying to make a point. Why? No idea
I don't know what Manatee's issue with the Mini is, but mine is very simple. The Mini was first and foremost an exercise in packaging, to get the maximum amount of interior space into a 10' car. That was its whole point, the fact that it also handled brilliant was just a happy accident.
So to me, the MINI was (and still is) a means by BMW to exploit and profit from the love and affection folk had for the image of the Mini while completely ignoring the reasoning behind it. It may drive brilliant but it isn't particularly small and its packaging is woeful. Granted, modern safety standards means that getting quite so much interior space from a 10' long car isn't possible, but even for the time the MINI is poorly packaged.
I'd imaging Alec Issigonis was turning in his grave at the MINI!.
You call the MINI, "the modern one". I'd say the closest car to being a 'modern one', in terms of how it was designed and what for, is the Toyota IQ.
If looking for a small fun car with the OP's budget, I'd be looking at an original Fiesta ST, the n.a 2.0 version.
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