Ok, first of all I agree, get the fabric down there too. You can buy shelving units that you put together yourself--and while they do not have doors, I just went to the thrift store and bought flat sheets for $1.00 each and fixed them to the top of the units with velcro to cover them and protect the fabric from dust and sun. Light colors work best and I can take them down and wash them if they get dirty.
As far as your magazines---I just did this. I got all my magazines in the living room and at night when I watch tv with DH I went through them and used the post it note strips to mark the patterns I liked the most and thought I would use. Then I took those that had something in them and scanned them on my printer/computer and printed them out in color with a picture of the finished quilt. They then went into plastic sleeves and into notebooks with tab dividers for baby, throw, etc. I cut down shelf size being used by half. Then I took the magazines to work and let a couple of my quilting buddies look through and take what they wanted and just donated the rest. Or you could put them up for sale on this sight. Now I just have to do the same with my fabric. You are going to love having a space all your own.