Custom Component: Is there a way to make additional props available based on the value of another pr

Hi,

I’m building my first custom component and I would like to make it as configurable by the user as possible. I’m wondering if there is a way to show different props to the user based on one of their previous selections? So for example with the standard Image Component if you select " Attachment" as the image source you get different props than if you selected “Static Resource”.  Is there a way we can implement the same type of logic in a custom component? 
BTW custom components are awesome!