Lakshmi's Family Room
Saturday, June 16, 2012 at 6:55PM 
Hi Christine,
- What color/shade of fireplace trim would you recommend? We are looking at marble/granite tile options for the trim.
- What color do you recommend for the entertainment center?

First of all, I would rearrange things. I moved your furniture around; you can see the floorplan I did below. Let me tell you why. Your sofa, or long portion of a sectional, should be facing the focal point of a room. In this case, it is the television. You cannot have the TV in front of the windows, so I put it on the staircase wall. (If you can see part of the back of the TV from the stairs, that's OK.) I feel like architecturally the room is a bit flawed, having the fireplace, which would traditionally be the focal point, first of all, not centered on the wall, and secondly, on the short wall. I almost never treat the fireplace as a secondary focal point, but in your case, I would do just that.
At that point, it is simple. Select a nice sofa. The one below is a beautiful neutral from Bernhardt. You can always switch up the pillows as you decide to change colors.

The pillow below is a great Ikat pattern from Etsy.
Add a couple of beautiful wing backs; these again are from Bernhardt. They are still neutral, but add a pattern. It is a pattern that you won't ever get sick of, and can keep for a very long time.

Hang drapes that will start to bring color into the room. The drapes below are from Pottery Barn.

Add an area rug that will give you repetition in color, and a fun bold pattern. The rug below is from Homedecorators.com

I used a woven trunk for an end table to add texture.
Fill your center space with the perfect sized coffee table.
Keep your sofas from butting up to the windows by adding a console table. This also gives you more light, and better distance for TV viewing.
I made your room colorful, but kept it neutral at the same time. In seven years, you can switch out the drapes, rug and lamps, and make the whole room forest green, or whatever your fancy is at the time.
Before I finish, I want to address your fireplace. You are correct in not wanting to get rid of it, but lower and flush with the wall sounds like a bad idea. Don't try to make it invisible. Make it beautiful. Instead, look at this post on the "dated brick fireplace". Cover the fireplace in wood, paint it white, cover your room in white beadboard, all trimmed out. It will look amazing. One more thing. You have a horizontal space above your fireplace, and a vertical picture. Take down all the little nick nacks, and just put up one nice large horizontal picture. 
OK- now I'm done.

family room,
fireplace,
television in
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