Contemporary design borrows elements from other styles like Modernism, Postmodernism, and Art Deco. You'll find a lot of clean lines and a celebration of bold starkness. As long as the space is simple and uncluttered, don’t be afraid to shy away from black and white and include splashes of color from all across the color wheel.
Solid colors are key to create a contemporary space. As long as the moulding features a solid finish, you could go with anything from ornate to minimal. That's the beauty of a contemporary style!