I'd move the floor lamp to the other side of the sofa or behind the chair. I hate to say this but they red pillows aren't really working for me. Can you post a closer pic of the rug?

You're off to a fabulous start! I don't think you need another chair. The carpet isn't really working; is there someplace else you can use it? What is to the left of the floor lamp when your back is to the TV?

Thank you so much for the responses. I'm attaching a closer picture of the rug. There is empty space now to the left of the lamp, this is where I'm contemplating a barcelona chair. The cables are the reason for the couch is where it is but for $100 could be worth it to switch it around.

That is a beautiful rug, and it would be a shame not use it- what would you think of placing it over a larger sisal, roughly this ratio?

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With the furniture flipped, your floor lamp will balance well alongside a chair in the back left corner, with TV beside. that allows you to place your second chair mid room facing the windows, and a side table (and lamp, if you like) next to the sofa arm. You will still have space in the front left area, but not as large. Casegoods or bar are still a good idea in this spot.

Horizontal placement of artwork over the sofa will give a more modern feel.

Figures - there is even a template! Google has everything............

I agree with studio10001. I would just put a larger, neutral rug underneath your current one, which BTW is beautiful! Do you have any need for a desk or dining table or even better, one that functions as both? As a city dweller, I know the importance of space and the hassle of getting furniture in/out of your building. Don't buy something unless you love it or need it. Can you post a pic of the other side of the room?

Here's how a sisal rug looks under your current one. I also included pillow options. Let me know what you like/dislike (I don't take offense so be honest) and I'll adjust accordingly.

Here's another color sisal and a neutral pillow with your existing ones, which I think makes a big difference. Both rugs are from Pottery Barn and pillows from Crate & Barrel.

How about a large giclee print to tie it all together. See this one I did for a home decorated by Design the Senses. www.ldanielsart.com Lisa Daniels

Or something like this:

The flat looks great. I would add calm colors and the big furnitures you have looks great. In my oppinion the glass table and style does not match the existing carpet.

I think the Barcelona chair would look great in your space!

Thanks so much! I got it in Morocco when traveling from one of the many shops.

Thank you so much all for the suggestions and the design lay outs. it's really helpful to have the visuals as to where to go. I think you are right that I need to add warmer/ neutral colors which I can see now. Appreciate all the input!!

Hi I like the look you have so far, but you definitely need to work on the accent wall behind the sectional.

How about doing something similar to the mural done in this project but with red http://sainteriordesignstoronto.com/fire-to-the-rain.html

Agree that the rug is pretty but not to scale. I like the idea of the large sisal underneath and turning the sofa. The room will feel more open with the longer piece close to the back wall. Then you can define the areas with rugs. Maybe use your small rug under a table and chairs for two at the front of the room :)