Founder of Habitat stores, designer and author Conran ("The Ultimate House Book") recognizes in this prescient work that being upwardly mobile no longer translates into living large, particularly for urban dwellers. Opting for a smaller home enables one to live in a more desirable location, perhaps closer to work; a smaller home is cheaper to run (think energy), easier to maintain and forces one to be more selective in purchases and less acquisitive. "Think laterally and creatively" is Conran"s dictum, for example, in assessing needs, decorating the space to make the most of light and air, simplifying architectural details, building in storage and investing in functional, dual-use furniture, i.e., wall beds in neutral shades. Conran is fond of open-concept layouts to permit freer circulation space and is not afraid of suggesting strong color for tight spaces. He emphasizes the importance of lighting, especially diffuse lighting. And once you"ve done all you can yourself, subsequent...