Sorry, I just had to be different. :P
It SHOULD work, but you should be aware of wireless interference possibilities.
First, structural problems. Normal sheet rock walls will not be a source of problems for your wireless signal. However, some older homes have masonry involved. If your guest room is an addition OUTSIDE the original brick or masonry walls of your home, you will experience SERIOUS signal degradation between your office and living room.
Second, electronic devices. The following devices,
when active, may very well interfere with your wireless network.
*-Microwaves
*-Wireless phones (ESPECIALLY the big ones with base stations used in many homes)
*-Wireless surveillance devices (camera networks are bad for interference)
*-Bluetooth devices (Usually you'll need a bunch of these in the house to cause significant interference)
*-Wireless speakers
Third, antenna problems.
Wireless routers like
this one have no external antenna, and therefore can have transmission power problems as well as overheating problems. (I've replaced five of these before.)
Wireless routers like
this one have an external antenna with gain, giving better signal and heat management.
All that said, you need a router that is compatible with your laptop(s). If your laptop is under 1 year old, there's a possibility it could have a Wireless-N card already integrated into it, but I'll be dollars-to-pesos that you'll need a
Wireless-G router to be compatible with the laptop(s) you already have. People will tell you Wireless-N is faster, and it is, but you'll most likely have to upgrade your laptop(s) to get the best speed out of that network.
Can you tell I do this for a living? :)