Transforming a small space into a luxurious retreat involves strategic design choices. Use a mix of ambient and accent lighting, incorporate mirrors for both light reflection and the illusion of space, and opt for chic, multi-functional furniture with luxurious textures. Introduce one or two statement decor pieces, keep the space clutter-free with smart storage solutions, and prioritize quality over quantity. Thoughtful details will elevate your small space into a sophisticated haven.