We moved recently and I finally got my own room. It is a small bedroom but I am thrilled with it. The sewing machine I am currently using goes in one of those Arrow tables. I have a table from costco to the left that I cut on and support the quilt when I am quilting. The serger is on the back corner out of the way. I have two cabinets in there now, but don't think I'm going to keep them. I also have the ironing board set up, and two small cabinets. We have a nice dry basement with shelves so anything I'm not working on stays down there out of the way. Speaking for myself, it is too easy for me to end up with piles of things. So after years of having things shoved into a big closet and forgetting what I have, now it is all out in the open downstairs and I find I am way more productive.
But I think you have to find what works for you.