Manvisudan...you might want to re-post your dilemma in the design dilemma category and you will get more help with your room. Not too many people look at this "other" category.

At first glance I think that if you are going for a modern look, I would suggest nesting tables instead of a coffee table to create interest. Here are a few ideas for you: http://deciture.com/the-amazing-set-of-3-wood-nesting-table/ http://deciture.com/gilbert-galvanized-nesting-tables-set-of-3/ http://deciture.com/flouressa-mirror-top-nesting-tables-set-of-3/ http://deciture.com/brighton-mirror-top-nesting-tables-set-of-3/ Hope this helps you!

I think your inclination toward rustic and distressed pieces is the right way to go. Consider a movable coffee table - I see 2 recliners that may necessitate some table shifting?- an area rug large enough to incorporate all the seating, rather than just a hearth rug, and enclosed storage for your electronics. If you can post shots of the room, other Houzers may have some more ideas.

Definitely bring the tapestry down closer to the sofa. If you are keeping that above the sofa, your rug should be less busy. pick a color from it and use that on your rug. You've got a lot of pretty patterns in that room already, keep the rug less busy.