I like the sitting area idea. It's a good place to put a chandelier in a master, so that you could still have a ceiling fan over the bed. And I love the serene color scheme. Perfect for the sitting area in out new master!
Plum panels match the tufted velvet on the chaise and give this simple room a luxurious look. To keep things from looking heavy and drab, the velvet is paired with light walls and shiny accents: metal floor lamp, leaning mirror, Lucite table.