Decorating with black and white is about as modern as you can get. If you're thinking of updating your living room, a classic monochromatic loveseat can give you the refined, minimalist look you've been dreaming of. And if you're thinking fashion forward, a black and white handbag will add a coveted dose of timeless elegance to your wardrobe to make you feel like a million bucks every time you step out the door. Let's say you won the lottery and could choose between a new loveseat or handbag--which one would you bring home? 1 Global Furniture USA loveseat This sleek monochromatic couch belongs on the set of Mad Men. Overall, the loveseat has a mod aesthetic, but it's those clean lines and the contemporary colour pairing that give this must-have sofa a fresh, sophisticated feel. All Modern, $896. 2 3.1 Phillip Lim white and black mini pashli Fight the post-holiday fashion rut and prep for your spring transition wardrobe with this ultra trendy top handle bag. The marble tile pattern, dramatic black leather and crisp white finish are the perfect way to beat the winter blues (sartorially, at least). SSENSE, $895. Which item would YOU prefer?