This hideaway trundle bed is built into an armoire unit in the main room of a studio. When closed, the bed tucks under counters in the kitchen and walk-in closet. Our guest rooms have murphy-beds, and they are genius.
I would want a larger TV but thats basically what I want my living room to be like. One big sofa bed thing to make everyone comfy and laid back! to go cheaper you could use mattress and make or use bed pillows covered with same fabric as mattress.
A Japanese inspired master bedroom, very similar to ours---clean, white lines/linens/curtains/decorative ceramics and dark cherry wood bed set, dark wood sconces and a rock waterfall on each of our bedside tables. Our little sanctuary.