i would say, choose a theme just for that space and work around it! for example: maybe "asian" theme! paint the back wall RED or ORANGE, have a piece of buddha statue on the top most rack, you can use one shelve to just hold books with some decorative book ends, and instead of the chair, you can use the asian trunck boxes (if you google for asian trunks, you can see what i am talking about! - look for square boxes), this way, you can also tuck those boxes under the desk/shelf when not in use and the trunk could also be a storage for your files - you can also place a floor vase with some bamboo sticks - the asian theme would really work here as your wood is black/brown this would also turn out to be a peaceful writing space - enjoy!

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/

Eventually when you come to resell, a pool is an added plus. But for your own purposes, emptying the pool and adding a deck over it with a hinged door and steps placed below would be great for storage (as per option b but bearing in mind you could revert). All the best for your lovely new home.

Pankaj, I just realized that initially you told us that the bathroom area was 12'-0" x 9'-0" and later you mentioned that it was 11'-8" x 8'-0". In the last floor plan, I forgot to change the bathroom with the new dimensions. Below is the floor plan with the correct dimensions for the bathroom. The bedroom is ok, I drew it 19'-2" x 12'-6". The new layout does not change the way things are placed. Everything still fit. The only difference is that the vanity is now 4'-4" long instead of 4'-8". and the toilet is closer to the shower by 1'-0". Can you give me the lengths of the walls K and L. They are the walls between the vanity and the shower area. I will send you the new layout once you give me the length of these 2 walls.