Let's start with the beds. Two twin beds that appear to be custom made and upholstered anchor the room and provide sleeping spaces for two. From my experience you could easily spend $1000 or more per bed.
This headboard below is $228! You can't beat that and it's from one of my favorite online resources for finding great looking products at a fraction of the price of most retailers. www.wayfair.com
Well I hope I've inspired you to think outside the box for designing with a budget. It takes a little homework but it can save you lots of money in the end, all while giving you a room to be proud of.