For one thing, the bed itself is kind of nice. If the ruffles went away, the bed might look something like this:
I like the crisp, tailored look of the black border on the floor. I think that could be achieved by layering a rug on top of seagrass. And, I love the way the black outline looks with the curly arm of the upholstered chair. Actually, I think I'd leave the chair just as it is.
The room would still need a lot more tweaks to make it current. New window treatments, an updated vanity, and different artwork, to name a few. Please don't forget new lamps. Also: Look what the lady of the house plans to slip into later. A nice green silky robe and high heeled red slippers. That's what I'm wearing right now!*