I do like a formal living room but I don't want it to be very big -- just someplace is away. If it is the house of my dreams, I would probably go for 5 bedrooms and (a biggie for me) the master bath MUST have a separate little room for the toilet. We did a gut renovation on our house and a master bath is big but not huge. We made our architecht wedge in that separte room for the toilet -- it is nice to have a little privacy. I saw a couple plans with that toilet just sitting there in the middle of a big room -- for some reason that is just ick to me.