couch and love seat across from each other toward the fireplace or the couch facing tv and love seat on left wall. I would probably opt out of the love seat and try to get two smaller chairs since you are limited on space. I would also consider a round table rather than square. what are the dimensions of the room, the couch and the table?

Have an overall plan before you start. Don't get bits and pieces. Let's get some unity, here! Measure twice, buy once! I wouldn't do a sectional - they are harder to decorate around. Better is a couch and a few upholstered chairs. Also, of course, side tables will be needed and a middle coffee table. Wall decor, such as prints or tapestries. A rug will be needed under the entire seating arrangement (unless you live in a hot climate). If you like knick knacks, you'll want to get some of those. Do you need storage (or have room for that)? If so, be sure to take advantage of your vertical space. Secure it to the wall if needed. If you are a neat freak, open shelving is possible. If not, be sure to get closed shelving. I like more space than stuff, but that's me. Will you have a tv in this room? If so, do you plan to put it over the fireplace (which I don't recommend), or on the wall to the left of the FP? If tv is on the wall, you'll need a console under it. You will need to "float" the seating arrangement in the middle of the living room. Allow for enough comfortable space for people to walk around. Traffic flow will be important. Develop an intimate seating arrangement so you can have a good conversation with others.

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Yeah, I know it’s a tall order to come up with something that accomplishes what I want but I figured I'd see if others on Houzz had some ideas. Both sectionals that I'm considering are pretty spacious. The first one is 144” x 79” and the other is 120” x 110.” msteezzy - here’s a picture of the space you asked about.