"Design a transitional style living room with a serene, neutral color palette, seamlessly blending classic and contemporary elements. Consider a fireplace, sheer curtains bookcases and high ceiling and hallway as a backdrop, focusing on spatial layout, balanced hues, diverse furniture, versatile lighting, and decor for a harmonious mix of sophistication and comfort. Provide a detailed description or visual representation in a 16:9 aspect ratio, emphasizing realism and capturing the tranquil essence of transitional design. Include versatile furnishings, a calming color scheme, and a thoughtful blend of traditional and modern elements, embodying the serenity of transitional living."