Elves, dwarves, trolls, giants and the like are different species, but not necessarily magical. The may or may not use magical items or have magical abilities. Fairies, sprites, pixies tend to all be magical.
I think you need to decide if you are comparing beings/creatures to humans and if the "magic" can be learned (spells, magic instruments), is a part of the beings natural state (werewolf, fairy) or happens randomly to a person or being (Jedi & Sith, vampire slayer, X-men). The X-men are called mutants, but can easily be called magical- Storm is a weather witch.
K.S. Crooks- Dreamer and Author