 Solution

A constant real part $\mathrm{Re}\ln z=L$ means $\ln |z|=L$, so its level sets are the concentric circlesTheir radii are strictly positive. The real part is independent of the logarithm's branch, so there is no branch ambiguity in these circles.

For $\mathrm{Re}(1/z)=K$, the equation is $x=K(x^2+y^2)$. If $K\ne 0$, complete the square to obtainThese circles have centres on the real axis and are tangent to the imaginary axis at the excluded origin. Positive $K$ puts the circle to the right, negative $K$ to the left. The separate case $K=0$ gives the punctured imaginary axis $\boxed{x=0,y\ne 0}$. The sketch uses an open marker at the origin to emphasize that $1/z$ is never defined there.