As a fan of oldschool private servers, I tried to keep the oldschool feel for the homeplace. As a matter of fact, when the private servers were still in their oldschool phase, this was the home that was used in LilwermScape V2. It's set up in such a way that is useful to newer players as well as older players.
As far as objects, there are altars that you can use to switch magic spellbooks and train or refill prayer. There is a bank booth for easy banking. There is a dungeon entrance to the Kalphite Queen lair. There are portals that can be used to get to places, most of which are not available in the spellbook teleports.
The home place was used in LilwermScape V2. Although it wasn't exactly the same as you see it. Many things were not brought back from LilwermScape V2 due to the lack of importance.
In the early stage of LilwermScape V3, the home place was in Al Kharid, and it was requested by a few people that the old home be brought back.
There is a teleport to rock crabs for training combat in the spellbook, but there really is no need because the rock crab area is to the near West of the home place.