### Color Palette for a Classic Modern Living Room

#### Palette Description:
This color palette combines timeless elegance with contemporary flair, perfect for a classic modern living room. The hues evoke a sense of calm and sophistication, balancing warm neutrals with subtle pops of color. Ideal for creating a serene yet stylish atmosphere, this palette enhances the space while allowing for versatile decor options.

#### Color Palette:

1. **Soft White**
   - **Hex Code:** 
                            
                            #F7F7F7
                        
   - A clean and airy white that serves as a perfect base, reflecting light and making the space feel open and inviting.

2. **Warm Taupe**
   - **Hex Code:** 
                            
                            #B8A99A
                        
   - A comforting neutral with warm undertones, providing a cozy backdrop that complements both modern and classic furnishings.

3. **Dusty Blue**
   - **Hex Code:** 
                            
                            #A4C8E1
                        
   - A muted blue that adds a touch of tranquility and sophistication, creating a calming focal point in the room.

4. **Charcoal Gray**
   - **Hex Code:** 
                            
                            #4E5452
                        
   - A deep gray that adds depth and contrast, grounding the palette while enhancing the modern aesthetic of the space.

5. **Muted Mustard**
   - **Hex Code:** 
                            
                            #D4C84C
                        
   - A soft, earthy yellow that introduces warmth and a hint of playfulness, perfect for accent pillows or art pieces.

6. **Sage Green**
   - **Hex Code:** 
                            
                            #B7C9A8
                        
   - A gentle green that brings a touch of nature indoors, contributing to a refreshing and harmonious atmosphere.

This palette harmoniously blends classic and modern elements, allowing for a stylish and inviting living room that remains timeless.