This 'n That Thursdays: Southwestern Style Living Room

This week I am focusing on a living room design in both traditional and modern Southwestern style.  First up is the traditional look:

Clockwise from top left: Horse pillow from Rustic Lodge Furnishings; "Horse Play Two" by Laurie Justus Pace; Moose pillow from Rustic Lodge Furnishings; San Carlos end table from Mi Casita; Southwestern throw and pillow from Wild Wings; Rustic pine coffee table with molding from Mi Casita; Red leather club chair (no longer available); Southwestern table lamp from Great Southwestern Style; Center: Lisben sofa from American Leather; Center background: Painted Desert Cayenne Red rug from Rugs Direct.

           
Is this the design I prefer, or do I want something a bit more modern, as in the style board shown below:

Clockwise from top left: Tribeca coffee table from EZmod furniture; Delmar sofa from Bari Leather Furniture; Wilderness log table lamps from La Fuente Imports; Lotus end table from Asian Art Imports; Celebrate the Horse pillow from Smithsonian Store; Pleated sunburst pillow (no longer available); Zambesi Stripe pillow from Company C; Red leather tub chair from DesignerSofas4u; "Rhapsody in Horse" by Louise Mellon; Center background: Sahara 3 Diamonds Moss rug from Roten's Furniture.

           
The two looks couldn't be more different, and yet I like them both so much that I just can't choose between them!