Adding to them, rich hued and heavily embroidered drapes would usher in the traditional charm by all means. If you remember, we all used to - and still do - love our furniture and curtain clothes made out of velvet, silk or brocade. The enticing presence the traditional stuff brings into your living rooms is beyond compare.
Anything that injects the elusive old age charm to your living room is bound to make you love it. If you do have the habit of storing those sepia tinted photographs of your ancestral home, it would be easier to understand what it means to live around those charming old furniture designs and drapes.
A small living room can be expanded by taking one of the walls down. Get rid of the wall separating your living room and the kitchen, or your living room and the hall way. But remember, safety comes first. You can always resort to losing a wall to maximise your living space, as long as it won‘t harm the structural resistance of the building.