We needed a guest bed for our guest bedroom. So I built the storage areas under the bed out of plywood and boxed them up. The bed would probably look better with a headboard, but we decided to just do that curtain style headboard.
I had seen different beds similar to this, and I just had those in mind when I started. I didn't follow any specific plan except for what I had in my head.
It was painted with an oil-base white paint.