I used to be all about blue and silver, but over the last five years or so, we went to a traditional colour scheme of burgundy reds, creamy off-whites and pearls, and dark greens with accents of gold. . Kind of a Victorian colour scheme more than the bright red, white and greens that I remember as a kid.
Last year I picked up a tree with coloured lights. It's an "apartment tree". I think that means really skinny? Anyways, my plan is to put that tree downstairs for all the mismatched homemade ornaments, silver tinsel, etc.
I also bought a little three foot tree. Plan is to do something different on it every year....maybe put it in the kitchen this year and do it all in browns and reds and silvers with mainly cookies and cookie cutters hung with ribbon. Maybe make those things where you stick cloves in little oranges and hang them as well.
As for wrapping, I try to co-ordinate it with the tree. I may be kind of weird in this, but I make sure to have other wrapping paper in that doesn't match my scheme but matches that of people on my list. My parents, for example, have a silver tree with blue ornaments, so I always wrap their gifts in blue with silver wrapping or silver with blue wrapping. My SIL has a white tree with black and purple ornaments, so I try to wrap in black, purple or white.
I must say, I'm liking that Frosty Cranberries scheme from the Pinterest board....may decorate my daughter's room that way