With two varieties, red and white, oak is known to be easy to work with and relatively strong. However, furniture makers often opt for white oak over red oak for its attractive figure and moisture-resistance. Depending on the kind needed, oak can probably be found at a local home center or a lumberyard for a bit pricier than other hardwoods.
Shop layout is all about making the best use of space. Place your machines so that you have adequate “safe space” that you need to work around them. The “buffer area” beyond that is the amount of room you need to run large stock though a given machine, keeping in mind that buffer areas can overlap between machines. If you want to get more organized, buy some 1/4-inch squared paper, make scale models of each machine including the safe space around each, and place them on your model shop layout. Remember that buffer areas need to be long enough to put an 8' sheet through a table saw, or a 6' plank through your planer, for instance. I raised my planer, so that I can use the area above my router table to pass long planks through the planer – all it takes is some modelling, and a little shuffling, and you will find the layout that works for you. Each space will have challenges; I had the area under the stairs that was wasted space, so I installed the dust collector there.
In this video Dave Heller shares an introduction to wood veneering and wood inlay for furniture making. What is veneering and inlay? They are traditional methods used to embellish and beautify furniture. Veneering is the process of gluing thin slices of attractive (and often rare) wood onto core panels. Inlay involves insetting wood, precious stones, etc. into the wood. Here's a prime example of one of Dave's boxes that incorporates both techniques: Here is an example
Some of the most important decisions in laying out a shop involve the placement of basic machines, such as the table saw and jointer. Deciding where to put them depends in part on the scale of woodworking you do, which determines the clearance area around these machines if you need to handle long stock or large sheet goods. You’ll also want to consider work flow to avoid an excess amount of running around the shop to accomplish tasks, as well as how to power your machines without turning your shop into a snakepit of extension cords.