Catastrofe and Pubul57 hit it.
I don't care how hard you try, even if you put considerable investment ($$$$$) and built a custom dedicated room you would not get anywhere near true live sound. You stand a much better chance of getting the true essence of the recording, or at best something that meets your listening preferences and is pleasing. There's nothing wrong with that either. I've been in some really nice listening rooms too, but the replication of live sound (even on a live recording) is not what I hear. Great sound yes, live sound no.
Personally, if you want to replicate live sound go build/buy a studio, club, or music venue and book live performers. If you're going to do it then do it right.
I don't care how hard you try, even if you put considerable investment ($$$$$) and built a custom dedicated room you would not get anywhere near true live sound. You stand a much better chance of getting the true essence of the recording, or at best something that meets your listening preferences and is pleasing. There's nothing wrong with that either. I've been in some really nice listening rooms too, but the replication of live sound (even on a live recording) is not what I hear. Great sound yes, live sound no.
Personally, if you want to replicate live sound go build/buy a studio, club, or music venue and book live performers. If you're going to do it then do it right.