Absolutely, especially if you have children. Go for a charcoal colour and then add a silver mirror or grey lampshade to add fluidity. We had a small square living room and it worked very well. We kept everything minimalist. Good luck!

Sophisticated start. You could go with black and white photography, architectural pieces, art pieces- anything you love on the wall. Then, add pillows in the colors of the art work. If you want to stay more monochromatic, think in terms of textural interest, such as a shag area rug, pillows with seam detailing, etc.

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Personally I wouldn't hang black curtains with this colour lounge suite. I would also take out everything that you don't need in the room as it is too cluttered. I actually like the wood as it matches like Bernadette said. I see that you are adding pops of red in the room. How about a picture on the wall with that colour in it, as the walls are quite bare. Are you able to remove the computer desk and chair? I love big mirrors in a lounge room too . . . The programs that I have watched in NZ, ask 'what is the hero in the room?' So I think you need to ask yourself this and work with that, going forward. . . . The only comment I can make on the skateboard is I think it is placed too high on the wall.