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.

You have very high walls so I would do a tall wainscot on the walls to create some warmth and decoration at the same time. Take everything off the walls and remove all the small little shelfs and decorations, leave only the big furniture. Then start over with the wall decor. Need some bold statements to create some balance and interest but not clutter. Add some larger shelves if you need shelves, something hefty and interesting. It's hard to see wall color and how it works with the upholstery. Do you need all that furniture in the space? I would thin it out. Remove one of the sofas and place the chairs across from the other one. Open up the space in front of the window. Add a sofa table behind a sofa along the wall and decorate it with a couple large vintage style lamps with some accent color (pull a color from the rug that you like) on each end and tablescape the middle of the table. Add a huge mirror above Bring that same accent color into the space with some bookshelf decor but not cluttery. I am not a fan of the drapes; something more neutral in a grommet panel style that can easily be opened. Hang them at the ceiling. They will look really nice because they create nice gentle folds if the fabric is a bit heavy for weight. Good luck [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=] [houzz=]

Probably the same material as the kitchen and rest of the main floor.

Cool shades - greys, blues - would offset the dark, warm tones nicely, but you might use any light to midtone colours you like as accent here. May I suggest you paint the walls in an accent shade, so that your bed stands out more? It is also nice when the accent rug allows you walk in bare feet around the bed, which would mean a minimum 2' border beyond the bedframe sides, ( much more than that, and you will hit the wall, anyway), and a generous amount showing at the end of the bed.