Hi---since you want to keep it bright and rich, I suggest Muted aqua/turquoise blue. Pics for inspiration-second pic the furniture and drapery hues would look great with the gold. Good Luck! Love the BOLD Yellow... :) [houzz=][houzz=][houzz=]

At this age you should just ask for favorite colors, and then you pick the complimentary covers. Real privacy demand won't happen until about 11 - 13, so right now just concentrate on making it beautiful. If it is pretty and functional, they will love it! Buy furniture pairs so when you do split them up they each have basics. Advice about dividing the room generally is good, but you don't want big sister declaring any territory! There is a crown detail you can do over a bed that includes curtains down on either side - can provide privacy when you sit up in your own bed - consider this as they get a little older and won't pull it down while hijinxing. If it is beautiful and the textiles are in a color they love (or two colors that work together, like pink and lavender on a spring green or taupe wall &/or turquoise and spring green on a buttercream yellow wall ) - then they will see that they can also be different people who are harmonious together. At 7, she is old enough to pick a great color, but don't ask the 5 year old - her taste is changing daily - just surprise her with something all her own that works with sister's pick. I like the look when people select soft goods that match except for color and find one great print accent pillow that ties colors together for both beds. Stay with neutrals on furniture - you can paint out different stuff so it is tied together with pale gray paint. Think mostly about function - Add shelves and cubbies that hold baskets for stuff - stuff changes but they always have it. If you have room, give them each a desk as they approach 5th grade.

I love the color you have on the wall by the patio doors. I'd go with that all over if you want the space to feel warm. Or, if you want the rooms to feel cooler, you may want to go with sky blue or a calm green. The right shade of green brings in your outdoor plants, which looks very nice when you are looking out through the windows. Your flooring would look fine with any of these choices. Grey is another color to consider. I personally do not like it, yet is is quite popular now, especially with contemporary interiors.

I just found out that blue green colors really bring out the beauty of wood. I know its not the same but I have honey oak cabinets and just repainted my kitchen a blue green and it really made the cabinets look stunning. Maybe you could try something in that color family to enhance the wood. Just a thought.