In modern high-rise dwellings, where space is the biggest constraint, this room does the dual function by adding a home theater in the room. This can be done pretty easily, by adding a foldable screen, which can be hung on one of the walls. A remote controlled projector can be mounted, on the ceiling, which would save you floor space. Make sure to add, lights which can be dimmed when using the projector. This high tech living room is filled with modern furniture, for entertaining your guests.
Learn How to Setup Home Theater System