My folks raised my brother and I the way you described, but they also gave up a lot for us. They both took jobs at a university that they didn't really want so we kids would get tuition remission and thus free uni. They also made a point to let us be involved in whatever extracurricular activities we wanted, and we were lucky that our grandmother lived close enough to drive us to and from the afterschool stuff (we lived in the country and their work was an hour's drive away). So I got to do soccer, band, winterguard, academic bowl, science club, the whole lot... they supported my efforts with vigor, BUT they made no guarantees to attend all matches/events, and expected us to be mindful of them being exhausted after a day's work. There were no baby monitors when we were small, and they did not give in to our demands, but rather refuted them. I used to LOVE watching X-filed when I was around 4/5 years old, but it would give me nightmares. So instead of NOT watching X-files, my parents began to put me to bed early, haha! I would crrryyy and crryyy, "MUUULLLDEERRR!!! SCULLLY!!!!" and eventually fall asleep bitter but nightmare free.
At home, my brother and I were on their schedule. If we were bored, we entertained ourselves. If we needed something, we got it ourselves. We did all the chores, except on Saturdays when everybody pitched in together. We could watch what we wanted while they weren't home, but once they came in the front door, it was time for the news. If family friends came over, or if we were taken with them to the house of a family friend, we were expected to remain quiet in another room, and it stayed that way until we were in our teens and old enough to hear and participate in adult conversation. Kids didn't get special meals... but we were always the first to fill our plates and could get an extra dessert if we said please.
I grew up with the notion that children were to respect adults. And in return, the adults respected us too. I quickly learned that if I stayed quiet and occupied myself with a cat or a book instead of trying to climb all over my mom, the adults would let me stay in the room and I would hear the most amazing conversations about the private lives of other family members, coworkers, politics, music, religion, all the fun stuff! Today, those same family friends are now MY friends, too.
It's definitely possible, OP, so don't lose sight of what you and your partner want. But my parents did have a few factors on their side: Firstly, my brother is 8.5 years older than I am, so often times he was able to act as my babysitter. Secondly, we have a large extended family, and both sets of grandparents live in the area. Thirdly, we live in a very safe and tiny town where nothing much happens and there's not much to do aside from walk in the woods or around the town (both of which we did with vigor).