You could also bring in some texture with bamboo sticks or decorative branches and help balance a bit the height of your room with small scale furniture. Spray paint them if you find the perfect size and shape but they aren't the color that you need. Ikea carries white decorative stalks for a very good price. the ones in the 1st picture hold well with small kids around and you don't need a vase for them. there are washi paper or crinkly paper floor lamps with a soft beautifully diffused glow For a budget friendly version check ikea or target http://www.ikea.com/us/en/catalog/products/80028552/

The first thing that bothered me in this room is the distance between the seating area and the tv area and that both seem unrelated in everything. I think what you should do to pull everything together is the following: 1) Move that sectional away from the back wall and the curtains (placing couches against the wall is outdated now) and closer to the tv 2) Center the coffee table under the chandelier with the sectional placed 16 inches away from it 3) get a console table of a height equal to the sectional's back 4) place few decorative items, stacks of books, candles, lamp shades whatever you find suitable on the console 5) someone mentioned that the two accent chairs are not in scale with the room. I totally agree with that. You need wider chairs with a low back 6) A rug is a must and two are better than one, layered of course !! But make sure the biggest one is big enough to place all the seating on it. 7) pillows and a throw will add warmth and texture too...

This Cabinet is $155 at Ikea. You could take the 4 items you had hung, and put them in a "shadow box", or individual deep frames to tie then together, to create I piece that looks more substantial on the wall, Then add a little ledge for photos, and you would even have room on the cabinet for the cool bottles that were on the floor, and that cool chest could definitely find a home as an end table, or entry table. You could also add a larger plant in a really nice pot in turquoise. The cut and paste renditions arent always completely accurate in scale.

There is contrast between the traditional furniture and the focal point of the floor which pops, draws attention. I would recover the sofas in cream colored soft fabric - suede. I would leave the curtains grey, and put down a large neutral area rug. The edges of the room would show the pattern of the floor. I would color the wall and add texture to it, but not too dark as the room will appear smaller. Add a picture and put a nice plant holder, large vase in the left corner of the room - an oriental-style vase. Or, a cream-stripe fabric on the sofas. You could go soft or bold in this room - depending on your taste.