As the Internet of Things (IoT) is gaining tremendous popularity from industries to researchers for its potential to provide business opportunities and academic contributions, several research challenges have risen to the surface. With billions of IoT objects being produced, connected and interacting, one of the challenges claim that there is an imperative need for ways to organize and manage the objects effectively. This paper, therefore, proposes a network-based multidimensional structure to model the IoT for efficient management and discovery of IoT objects. In addition, we address various research issues that must be considered in designing the proposed model. To test the feasibility of the model, we present numerous experiments performed on our smart home automation demo box, along with their justifications.