For the living room - if having more visitors, makes the couch an easy sleeping option. If Tom's willing to give up his couch sleeping thing. DIY: Couch made from an old door. Tutorial, info & lots of pics explaining how to build this couch.
DIY Swing Beds & Chairs Porch + Swing + Bed = Awesome Check out how some creative folks used salvaged wood, old doors, and reclaimed furniture to create these wonderful suspended beds, seats, and chair swings for either indoor or outdoor use.