Thanks friends. 

I test drove both RAV4 and CRV the other day.  Here's my personal findings:

In my honest opinion, CRV definitely has better design, as far as look and feel goes.  The dash, the exterior, the guages - all look much more refined than of RAV4.

I also found the engine noise slightly less in CRV.  Turns out CRV has specific feature that reduces engine noise, but available only in EX-L models.

The turn radius was about the same, but CRV being smaller, it was easier to handle.

RAV4 does have the option of 3rd row, but it is so small, almost for the name only.

All in all, I guess, I am leaning towards to CRV.

Please post if you have different opinion.