So, the editor doesn't let you select the music theme for your custom race.
But you can edit this your self easily.
Open your custom race.xml file.
C:\Users\UserName\Documents\My Games\Elemental\Race
Under <RaceConfig InternalName="CustomFaction_Name">
Add <MusicTheme>****</MusicTheme>
Replace **** with one of these:
WanderersHome
BladeOfThePeople
StoneAndSoil
CrownOfTheWest
ForestRefuge
TraitorousEmpire
AncientShadow
EasternWardrums
SeeInDarkness
Music files are located in C:\Program Files (x86)\Stardock Games\Elemental\Layered Music if you need to listen to them before selecting one.
Enjoy!