How to live in under 500 square feet, part 1

One of the many projects I have been working on recently is the interior design for my own small studio apartment located in Downtown Los Angeles. The entire apartment is just under 450 square feet but the main room seems smaller than it should due to fairly large bathroom and eat-in kitchen. I am the process of moving into this apartment from a large shared house, which offered more than enough space to indulge in my habits of collecting musical instruments, books and assorted E-Bay bargains. Obviously the challenge of this project is to fit my ten pounds of junk into the five pound can I am about to move into.
The first step was to build as much shelving space as possible. However, this all needs to be accessible and while storage space is great, I also don't want to look like I am living in the middle of a walk-in closet. Secondly, I am unwilling to give up my large bed which offers an additional impediment to my rapidly shrinking floor area.
The solution had to be either a bed which folder up and out of site, ie. a Murphy bed, futon, or hide-away couch. The problem with all of those options is that they either take away from floor or wall space. The second option would be a loft bed. I took this a step further, what if the loft bed also could raise or lower so that you could still have enough room to stand under the bed when it is fully lifted. Therefore, option two it is! I am still able to have shelves on all walls, plus the bed can move out of the way when it is not needed.
I'll post some photos soon. In the meantime are some digital images of how the project is developing.