I feel the best example of an 'adventure game of the modern era' is Broken Age (by Tim Schafer with Doublefine). It's a very modern take on the whole genre, and not a 'choose your own adventure' type of thing
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I really loved the first half of Broken Age and felt let down by the second. The puzzles were the perfect difficulty in the first, the artwork was amazing, the characters captivating.
The second half didn't have very many new locations, the puzzles turned insanely hard and the story made no sense at all with super weird and nonsensical reveals. It's sad because the art, music and production value were way up there. Still glad I bought it.