Creating a Balanced Live-Work Space in Small Carriage House?

Good Questions

Q: I just moved into a new rental, a 1920's carriage house. It's got character out the wazoo and I'm totally loving it. Poor student status means hand-me-downs or thrift finds to work with for furniture, but I'd like to make this small room (12x13 ft) work as a functional and non-awkward combined living and study space. Apartment Therapy is my favorite resource for inspiration so I thought I'd pick your creative brains! Please help me work with (most of) what I've got? How would you arrange it? Thanks all!

Sent by Paula

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(Image credits: Paula)