I would place the sofa facing the fireplace either with access to what's behind the draperies or not, and put the tv where the chair is--roughly. On the far end I'd arrange a small conversation/reading/activity area. IE:2 chairs, a table and a lamp or a small activity table with a hanging lamp. Of course, seeing the scale of your new furniture, once you receive it will help. I just hope you have selected comfortable furniture in a smaller scale than what you have.

Thank you for ideas the room is little dark in day but I love the night effect, we are repainting so could look at half the tone of current colour, the chairs I have in the room are silver. The photo does not reflect this, wonder if gold would be odd the stone sofa has metal legs, the house is 1970 ContempOry but I love to mix old and new, and wanting elegant French look, what type of comfy chairs should I get to match sofa and where would they best fit, do you think the armoire go next to fire.? with our old settee should I keep this single chair but cover it? I wonder if it too bulky? Also the leather chair is brown should I keep this in the room or not. the mirror above chairs is silver and gold frame should I shift it /paint it /leave it and add tall lamp in this ares to make reading corner, and can pull in chairs when have guests? The oak cabinet is a keeper have I got this in the best position, I appreciate all ideas.

I love sky blue and want to paint my room, so i think it depends upon choice and likeness

based on the drawing, the wall where the bed is. HOWEVER, you mentioned that this drawing is not a true depiction of the furniture you will use and the wallpaper. if that is the case, i think the wall paper can work on either wall, it all depends on how busy this wallpaper is and how "plain" the bed is. if you go with a busy wallpaper behind the bed, you may want to keep your bed and bedding on the minimal side so that there is a good visual balance to the overall composition. if you go with snazzier bedroom furniture, then a busy wallpaper may be a bit much and you may want to put it on the other wall or use a textural option to serve as the bed's background rather then another focal point.