Lovely room! Gorgeous fireplace. If you post this on the Decorating the Home forum, you will get lots of helpful ideas and advice. IMHO, I'd take the faux bear rug down since it throws off the balance of the room and weighs down that corner plus it competes with the fireplace.

I’m bumping this up, and hopefully some of the designers will give some opinions. I do believe that is an authentic black bear rug hanging by your fireplace, and it can be hard to find enough wall space for something that large. We have one that hangs over our eight foot sofa.