Once upon a time, you entered the living room only when entertaining guests or trying to impress. You certainly never kicked back with a book or just had fun with your family in those fairy-tale-perfect spaces.

Thankfully, today's living rooms leave plenty of room for creating "me" space, such as this gorgeous reading corner. Follow our five essential elements to create a cozy space of your own.

Pretty color: Color makes even the dressiest spaces feel fresh and engaging. And you don't need to go overboard on the latest hue to yield great results. Just include a few touches of color you love -- in this case, preppy pink -- and prepare to be wowed.

Wall details: Give your walls the attention they deserve by embellishing them with simple details that will delight you for years to come. And don't forget about the ceiling; this "fifth wall" can be just as special as any of the vertical surfaces in a living room.

 

Panels plus a partner: Panel draperies allow you to showcase a beautiful print, stripe, or plaid fabric, while shades or sheers offer privacy and light control. Pair panels with shades or sheers for an effortless, layered look that's beautiful, functional, and flexible. These classic Roman shades were embellished with a wide green ribbon.

Soft formal flair: Formal is fine, but fussy is a no-no. Make formal looks feel warm and inviting by combining your proper pieces with casual accessories. Soften intricate curves and hard edges with touchable fabrics, generous upholstery, and plush pillows and throws.

Personal touches: Incorporate little luxuries that reflect your personality and style. Feel like a sophisticated cocktail? Throw a silk pillow in the space. Would rather drink orange juice in your Birks? Add a touch of funkiness by upholstering the window seat in pink paisley.