That's exactly our situation: living room/audio room. Gear is in a nice cabinet off on a side wall. Carpet, nice drapes, some decorative home made absorption panels on the rear wall. No bass traps, echo busters or the like. We like the way it looks, and we like the way it sounds. I'm certain it could sound better with some diffusion on the ceiling and some corner panels.
FWIW my wife has the whole house except for the living room which I have set up as a music room and decorated it to accomodate music/audio. But - there is always a but - it has to not call attention to itself. No bass traps, echo busters, etc. As some one said, life and audio is full of compromises! :-)
Newbee (System | Threads | Answers)
It sounds like your son did OK in SF. Our home is a 1941 post-war cracker box in an eclectic San Fernando Valley neighborhood. We've fixed it up nicely, and have no burning desire to move as we believe we'd have to pay double to get a worthwhile upgrade.

