If you want to go for the same color throughout, you can, but at the very least, go for a different finish on the walls vs the trim. Definitely go for a more matte finish on the walls and something more in the semi-gloss range on the trim. If you love the color, go for it!

@Katie B. we put a large piece of black paper there to get an idea, but it was too severe. We also will be mounting a flat screen TV in the space as well. So if not black, which one?

The bottom line with paint is that if it looks good to you it is OK. Paint colors look different in different types of light. So if you have painted one room with Snowbound walls and Chantilly Lace trim and you like it you can proceed, knowing that it might not look exactly the same in another room simply because one room faces north and the other faces south. There is no rule that says the trim has to be the same as the walls. They just need to be complementary.

Warning - the colors that I used above are from the SW computer app. I use it to get into the right color family, but it is always a bit off. Computers are an awful way to view colors. The two pics above are Lightweight Beige and Bona Fide Beige. Other than Choice Cream the colors I picked above are all warm neutrals that lean toward or are taupe (that color between violet gray and pink beige). The last 4 colors that Beth shared are also Taupe. Pick out a whole bunch of samples and look at them next to your sofa to pick something that works perfectly with the sofa and doesn't go too gray, too pink or too purple and doesn't get that muddy look next to your sofa when you get just a bit too much yellow. Prime your walls first then test large samples of the colors that you picked on the wall. They will look way more pink or purple next to the yellow currently on the wall.