This would certainly be an update.

A bigger brush nickel would work hang so 36" from top of table. Pic on wall doesn't look right, replace with a 6 ft floor mirror Ikea has. Just lean on wall. Maybe get new chairs or go leather high back in a color. Pier One carries. Remove table cloth. Never good to cover wood.

Not crazy about this light

I was told putting a mirror on the wall dates the property if you are talking about a full length floor to ceiling mirror

I have been looking for this as well. If you want to go with a ceiling fan they have some fabulous lights as well. Either way, here are some good ideas for you:

I love this design! Adds a lot of light:

http://www.lampsplus.com/products/george-kovacs-hilary-23-and-one-half-inch-wide-pendant-chandelier__3f121.html

http://www.lampsplus.com/products/josslyn-collection-20-inch-wide-pendant-light__n5541.html

http://www.lampsplus.com/products/glacier-collection-21-inch-wide-chandelier__k1470.html

http://www.lampsplus.com/products/tivoli-royal-crystal-four-light-mini-chandelier__54047.html

http://www.lampsplus.com/products/deco-brushed-nickel-finish-pull-chain-ceiling-fan-light-kit__u0503.html

http://www.lampsplus.com/products/possini-euro-design-crystal-11-inch-round-ceiling-fan-light-kit__v0172.html