I would not mix LED and CFL they have different looks and LED s are much cheaper to run. You can find a fixture you like and switch out most with LEDs, we have been slowly changing all of our halogen lighting to LEDs now that the LEDs come in higher wattages. We have 70 halogen lights in our house so I am doing 12 at a time, love the change. I like the fact that you can have a lot more lights off the same circuit too.

To decorate any room in the house furniture is the most important element. choose the furniture according to your style and personality. there are many types o bed are available for the bedroom like king bed, queen bed, canopy bed, bed with headboard and foot board, loft bed, storage bed etc. select bed according the theme of the bedroom and need. for living room or hall you have many option. you can arrange sectional, sofa, loveseat, recliner, seating bench etc. see decoration idea http://www.theclassyhome.com/comersus_listItems.asp?idCategory=348&Furniture=Living+Room+Sets

Please provide pics of the space or any furniture or other things to consider. You haven't really given much information that would allow anyone to help you.

Hello Anindita, According to us, placement of sofa with lounger is obstructing the actual space of this living room. Apart from this, you can add few home decor items like pots & planter, artificial flowers, indoor small fountain, candle holder, etc. on the top of storage which is besides door and on TV unit shelves. Also, you can add flower vases in the corner of sofa or side of TV unit. Introduce caramel coloured rug below center table. Moreover, you can include metal/wood mural or abstract wall panelling on the dead wall. Regards, HOME CREDENCE