Ya the Bohr model actually works perfectly for Hydrogen and hydrogen like atoms. Which is funny because Niels Bohr had no real proof to explain his model except that it works! Schrodinger works for all atom types but it is pretty complicated to solve especially when you get multi atom molecules and so forth.
The mechanical wave model introduces the Heisenberg uncertainty principle to the Bohr model. In the Bohr model, electrons had fixed orbits just like the Earth around the Sun. Heisenberg came in and said this is impossible because you can't possibly know the position AND speed of an electron orbiting the nucleus at the same time. So because of this, the model of the atom started to look less like a bunch of planets orbiting the nucleus and more like what the current model of the atom is. The current model comes from solutions of the Schrodinger equation that give a 90% area probability of the electon. We know these probability areas as Orbitals.
That was probably too much information but I love this stuff!
ALSO!!! If you saw the google front page about 4 days ago, it showed a picture of a EM wave of light and part of the Bohr Model equation. It was his birthday and a nerd like me thought that was pretty cool!