Hi Ofer,
I am guessing the Enabled properties you are seeing for the Reset Project item in the Object Spy window and the Watch panel are different.
In the Object Spy, the Enabled property belongs to the Standard category. This means the Enabled property indicates the state of the underlying windowed object which the OS uses to draw the item on screen. This Enabled property is provided by TestComplete. Native .NET properties are listed in the .NET category. In the Watch List panel you see the .NET-native property of your object.
Since the property names coincide, in the Object Spy TestComplete displays the Enabled property under the Standard category and puts the native property to the NativeClrObject namespace. In other words, in the Object Spy, you can reach the native property via the Standard | NativeClrObject item.