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Re colour schemes: definitely the muted white/grey rather than the custard yellow one.

For me, the arches are a deal-breaker, and doing anything else is "lipstick on a pig". But maybe others don't feel as strongly about it. (Though I suspect from my kudos that others agree. :) ) By "deal-breaker", I mean if I bought it as a PPOR, I'd have to get rid of the arches and would factor...

I can't agree it's not worth it to put in a lintel. For me - and I suspect many to most buyers - removing the arches is the difference between "a candidate" and "ugh, unbuyable".

Yes, that's a better idea. :)

The house looks very stereotypically Mediterranean to me. :) I would get rid of the chunky balustrading as suggested by nww, and I'd also get rid of the arches by getting a masonry cutter to square off the openings. Almost nobody likes those arches. :o I'd also get the masonry cutter to...