advice needed on 1st real stereo system

Thanks again everyone - hugely helpful all around.

Today I listened to a Rotel RA-12 vs Peachtree Decco with BW CM1s. Slightly preferred the Decco (fuller, richer sound), but then the Decco started smoking! It was pretty crazy...

We were playing the system pretty loud so I asked if the amp blew out, but store guy said the speakers would have blown out first, so didn't know what happened. I am now very hesitant to buy the Peachtree despite the great sound...

I would check the archives on the Peachtree quality also check for dealer support in the archives if both are good I would not worry about a single incident (but that is a weird one - even though the B&W CM1 is 84db and 5.1 min imp that should not happen)

A 20 X 20 room is going to be a bit of a challenge. Choose your speakers carefully, and you might want to consider some room treatment. With all due respect to the other posters, while highly efficient speakers with their lower power requirements might at first seem like a good idea, please keep in mind that often that efficiency comes at the cost of reduced bass output, which in turn might have one looking at the added expense of a subwoofer(s). While I'm not against the notion of a speaker with high efficiency, I've yet to be satisfied with what's been offered. Low powered tube amps tend to cost as much if not more than higher powered ss amps. Again, choose your speakers first, then select the appropriate amplification for those speakers.

Do not obsess over cables. Get high quality, well engineered, inexpensive stuff like those made by Blue Jeans Cables.

If you want to play the exotic cable game, sure. But some exotic cables cost more than components, and your money would likely be better spent on acoustic treatments for your room, or even better components.

That's just my opinion. There's quite a vocal group that believes cables make all the difference. Me, I strain to hear any difference at all.

Always keep an extra set of tubes.