Might I suggest this spiffy arrangement:
From the book:
Modern designs, materials and color scheme were an excellent choice for living and sleeping areas of inventive wigwam style vacation house designed by Ving Smith for U.S. Rubber. View from the second floor of the house zeroes in on dining area, part of living room, and narrow but charmingly furnished balcony designed as children's sleeping quarters. Area includes ample storage, closet and bookshelf space, and is partitioned to provide a brother and sister with small but separate rooms.
Love those stairs AND the big wooden lute-playing figure on the balcony. Check out the tv by the dining room table. What is your favorite part of this decorating scheme?