"High or special regard"

"An expression of deference"

"To consider deserving of high regard"

The act of respect requires that you first evaluate whether the person deserves respect and then how much respect.
The second aspect of respect is showing the value of the person by words and actions that are consistent with the value ascribed through evaluation. 
Respect can be earned through appropriate activity or through position. 

Weighing scale

Respect can be fragile and lost through disregard. 

To weigh the value and ascribe the value 
by word and action.
(Sowing and Reaping)

Love cannot operate without some respect. 
Love is the will and determination to value another person.
Love Metaphors

Quotes from Merriam-Webster Dictionary