One of the biggest cons is that above the tv is way too high for most people's optimal/comfortable viewing. There are several different opinions about the best height at which to view a tv, but generally when sitting you should be staring at the center of the screen or at the very highest at the bottom of the tv. Unless you have an unusually low-profile fireplace, watch tv standing or are like 6' 6" tall, a tv mounted above the fireplace is going to make for some uncomfortable viewing.

Is that a window in center above the hearth? Is rock just a facade? Looks like you have a mixture of furniture styles. Windows look more of the modern style while drapes are traditional. I would say pick one style and go with that. From the windows I'd be leaning modern/ contemporary. If the rock is just stuck on wall take it off. Replace with horizontal wood planks stained same as your door casings. No mantle. If that is a window I would either have a stained glass insert made (again using modern lines) or do a faux stain glass painting treatment to add some visual interest.

Needing ideas on how to make this fireplace more modern and inviting? Just at our temp house till we can sell it? I like modern/Scandinavian style. Clearly it needs a clean first! And we will be putting down new carpet.

Huge Corten outdoor fireplace