Thanks everyone!
DH and I went and looked at flooring today. I'm leaning towards vinyl plank, and am waiting for a quote from one place. We'll do the install ourselves so that will save some.
Here are some pictures of the area I'll be converting. I'm going to leave most of the cabinetry as it it.
This room is 17' wide. There are three couches in the living room in this picture.
And looking back towards the kitchen and main entry.
My LA will go in the bedroom - don't need to make room for it in the "living room" area.