On a budget I would just add identical frames with pictures around the TV. 2 on the sides and 4 along the top. I like the clean lines of the current TV stand but it would look better against your floors and with your furniture if it was painted a dark brown. I think a round side table next to the chair would look very nice and tie in with the ottoman. Other options would be to create a built in for the TV with shelves on either side. Or you could also add an electric or gas fireplace and put the TV above the fireplace.

One other comment. We have a bedroom off the great room but we set the door back by building out the wall with a fireplace. It helps with sight lines. We used built ins on the left to hide the TV when we have company, and the fireplace is a woodburning BIZ which heats the entire house (we live in a forest,,) the side is for firewood storage and we keep matches, batteries, flashlights in that area, but it does help when our guests are on the sofa from seeing right into the bedroom.

Your room is very smart and elegant, I love the four pictures, they are perfect for the space. Agree that a bigger rug would be better. The lamp in the corner could also be bigger, more of a statement and more cushions on the sofa, with soft textures and maybe a different colour so not everything is matching. Anyway, sorry I got a bit carried away with maybe unsolicited advises, just my two cents!

By changing the entryway as you have, you have created a more expansive living area Congratulations Now don't box yourselves in again by only using the lefthand area of the new space! Have a round dining table with 4 chairs (and a couple of folding spares if you have dinner parties) Add a console or buffet cabinet on the wall opposite the kitchen entry Use a large mirror above that to bounce light from the balcony, as well as decorate the wall Wall C is a good place to wall-hang the TV, but put it closer to the entryway corner, so you can watch it from the dining table as well Enclose the TV in a built-in shelving system for added storage (can never have too much storage!) Place a modular unit at point A and B with a lovely big rug That will not feel too 'boxed in' Anchor that with 2 easy chairs that can move from point D to wherever you need them for any given occassion A large print on wall B will be a focal point for people entering the room Add wall decoration and living greenery Lovely! Let us know what you decide to do