Instead of a cheapo plastic bottle dryer like I bought with my first kid and regretted, I went with a chic glass drying rack from world market. I also had registered for a Target basket to keep it all organized. Then when I entertain, I can use it for wine glasses as well.
My daughter is three months old and we've only used her changing pad once. As pretty as this space is, we just live downstairs most of the day.