This living room takes advantage of pieces that perform multiple tasks. The sofa pulls out into a guest bed while ottomans double as stools or side tables, and the coffee table is a repurposed worktable that can be raised to dining table height. It also features a flip top that expands the size of the tabletop. A timeless palette of brown and blue gets an updated twist with hints of gray. Prints such as paisley and chevron also strike a classic-trendy balance.