So many good suggestions so far my head is spinning. kristy, since you seem to be settling in on what you are liking so far with building in bookshelves... could you maybe post a new sketch of the room? Even use your original measurement sketch, just pencil in where you are thinking you are liking shelves going in. If you go with the fill the book nook to match the fireplace, the TV kind of has to stay on the same wall with low shelves under it. If you go with all low shelves, it opens up your options for where a TV can go. If you add in bookshelves, that will likely eat up a lot of budget and be more permanent.

Hi, Lori. One can't go wrong with a sofa and two armchairs. But if you have a family, sectionals are great, too. Modern farmhouse typically incorporates wood, natural texture and a light color palette, such as below: My recommendation is to decide on your furniture lay out, then buy a rug that will define the seating area. If you would like help with furniture arrangement, we'll need measurements. Photos of all four walls are also helpful.

Having had a "setee" which is just a loveseat by another name, I can vouch for it not being very practical. Two people can sit at it, (and they will and have in my house) but unless they are very good friends or related, it's not going to be their choice, particularly if they are doing something like watching TV. Sipping afternoon tea, maybe. But if you don't need a lot of seating, then their small size is great, particularly for curling up with a good book. It's easy enough to throw in a rocker or some other smaller less padded chairs to add extra seating. I use the end chairs from my dining room set, since unless I have guests, they make it difficult to get around the dining table in my small dining room.

Why not put a pair of comfy armchairs flanking the fireplace? Style the shelves with 1/3 books, 1/3 large decor items and 1/3 open space. Are there any outlets there for lighting? Put TV on the long wall where the black chair is. Set it on a credenza 25% wider than the TV. Float a small scale sofa perpendicular to the stair and fireplace with a coffee table in front of it. Put a console or sofa table on the wall behind the sofa with two lamps and art. Leave a 30" traffic path between sofa and table if possible. Art 5" above the mantle no wider than the firebox opening. No need for a ceiling fixture; just upgrade lighting to 4000K LEDs for daylight feeling night or day. Is there lighting in the stairwell? It needs some. Straight leg chairs will be best because splayed legs will block the traffic path and be hazardous. Not sure an egg chair will work there but its fun. Too tall and big I think. Go for a low profile like the green one and you can fit a pair of them in.