A more common mod, discussed here, is to cut the trace going to the RST pin, and connect that pin to the DTR hole with a wire.
Then a female-female adapter cable can be made with DTR to DTR, +5 to +5, Gnd to Gnd, and Rx to Tx, Tx to Rx (or vice versa as needed).
Electrically, the same result as what is pictured above.