One of the easiest ways to do it is simply by applying a coat of painting to your walls in these two colors. It is a fact that black and white are everything: they are classic, contemporary, retro and yet always in style. They are not going out of fashion and you can find pretty much in every decade living rooms furnished and decorated in these two famous colors.
Furniture. Before selecting the furniture make sure what style you want. It can be Traditional, Contemporary, Victorian, European and mix of two. There is no hard and fast rule of sticking to one style as you can use your own creativity to create the style of your own. Also decide the color scheme in advance as your whole efforts will go waste at the end if there is a big mismatch. Once you have decided that shop for the furniture.
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Color. The color scheme will be according to the furniture that you have selected. You can either have the same color but with different tone or you can have the contrasting color. Like in contemporary living room it is the contrast that rules the entire decor. On the other hand, in traditional style select the color as per the furniture color which is generally brown, beige and cream. Pick the wall color or color of wall paper according to the color of furniture, flooring and upholstery. Read living room decor ideas to know more.
Geometric Patterns. Geometric patterns never go out of style! If you want to add a splash of color to the living room, a geometric pattern is the best way to do it. Either choose a wall for the pattern or just a part of the wall and create a perfect conversation piece. You do not have to stick to simple lines. You can make a bold statement with geometric patterns. Choose a dark color with a subdued color to make a subtle but strong statement. On the other hand, you can go all out with bright colors for a geometric pattern to make it look modern and quirky.
Basically, the idea is to furnish a small space with small furniture designs. This means having to choose among suitably small sofa set designs and small desks and tables. You might have to choose one of those corner lounge sofas so you could utilize corners very well instead of leaving them to the mercy of non-functional furniture.