I suggest a custom wood traverse rod with pinch pleat panels that can open and close for privacy.
Color that is complimentary to wall color is green tones.

Ooh this sounds nice what is a traverse rod exactly? Thanks for your input!!!!

Very pretty windows! What is on the other side? Is privacy an issue? Light control?

Thank you! Yes, privacy and light Need to be taken into consideration here thanks!

Might also mention your style and climate.

Style traditional and climate Ny so all seasons:)

Purchase a dual rod. Floor to ceiling sheers on the inner rod to start, then add shades for light control and more privacy as you can afford it. Eventually some high quality drapes also. Save up and buy good quality as you go. Keep a white lining facing the street when closed.

Hmmm... you must be in a different part of NY than me. We only have summer and winter here. :)

Your windows are so beautiful. I'd recommend woven wood shades....allowing light in when lowered and for a full view when raised. The drapes should draw for privacy and stack for framing. http://www.budgetblinds.com

Budget blinds is this a more contemporary look? Thanks everyone for the wonderful input!