Dimaggio Residence
The more cost effective solution to accommodate a TV above the fireplace is to drywall the top portion of the existing brick fireplace like in the photo versus painted white wood paneling. This is also an example of a medium stained wood mantel. The stone in the photo would be your existing red brick. You can disregard the built-in shelving.
Similar layout to Furniture Plan option #2 with a sofa, loveseat, pair of chairs and two coffee tables.
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