A new setup for web reverse proxy

I'm feed up with setup /etc/hosts and nginx just to have some name proxy to a port on localhost.

I think there is a better way to do it.

My idea is: Browser <-> dnsmasq (dns) / (proxy server) Squid <-> Python / nginx / ...

http://passingcuriosity.com/2013/dnsmasq-dev-osx/

http://derpturkey.com/squid-as-a-reverse-proxy/