Link To All Good Questions
We think the first thing you should think about is what functions the space needs to fulfill. Do you do a lot of entertaining? Do you work from home? Do you require a lot of storage? etc... From there, you can start finding the basic pieces that will fulfill those needs. Then, finish it off with accessories.
One idea, based off of the floorplan, is to open up the closet, and utilize part of it as a mini-office/landing strip. Maybe bookcases/shelving inside? Depending on how high your ceilings are, perhaps you can also have some sort of raised /loft type bed, using the space underneath for something else... What do you guys think? Suggestions?