You can achieve this pretty easily with a CSS but it’s easier to explain/show than type out so I’ll record a video. This is an example of what it looks like though:
You can also put images and quotes inline with paragraph elements in a similar way. You can then get as creative as you want with other elements. Here’s a random hipster-ipsum generated example with two different image types (it links to the same image but calls a different style in the MD file) and an embedded reference: