Another take on the window seat. If the structure isn't built into your home, you can easily create such a space with a love seat, or even a hope chest and pillows.
A window seat doesn't have to be in the master bedroom of the home. It's also great in other rooms including the nursery. You can sit here and do your daydreaming while the baby rests or plays. Or the two of you can sit there together and see what lies outside the window in the big bright yard beyond.