In a small saucepan, add the sugar, corn syrup and water. Stir it and transfer it to the stove. Bring the liquid to a boil over medium-high heat. Boil until it becomes an amber color (about 10 minutes).
While the sugar is boiling, you should measure out the remaining ingredients. You want to be prepared because when the sugar gets to the right color, you have literal seconds before it burns.
As soon as the liquid is the right color, add the spices, salt, cream, sour cream and butter to the saucepot and whisk. It's normal for the caramel to sputter and spit. Continue whisking. It may seize a little but keep whisking. It will come back together.
When the sauce is thick and super sticky, remove the saucepan from the stove. I like to serve my caramel sauce with sliced honey crisp apples! Enjoy!