The usual technique for drawing a drag rect on top of the window contents is illustrated here:
http://msdn.microsoft.com/en-us/library/windows/desktop/dd145184(v=vs.85).aspx
That is Win32 API coding instead of MFC coding but the differences are minimal. The basic idea is that by drawing with SetROP2(hdc, R2_NOTXORPEN); you invert the existing pixels, then drawing the same rect again re-inverts those pixels back to the original image.