Since you are doing a manual installation make sure to select a 32-bit virtual drive. Use 32-bit Wine 1.8 and install Steam. Once Steam is installed, close it and make a shortcut. Then make sure to add the "-no-dwrite" in arguments in PlayOnLinux Configure. Then launch Steam and start downloading the game.
Once its downloaded, go to the game folder, path: /home/username/.PlayOnLinux/wineprefix/lifeisstrange/drive_c/Program Files/Steam/SteamApps/Common/Life Is Strange
Look for folders like:
- Redist
- System
- _CommonRedist
Open those folders and look for folders like:
- DirectX
- DotNet
- OpenAL
- PhysX
- vcredist
Those are the libraries you will need to run the game. So you can go to PlayOnLinux Configure, Install Components and select the ones for Life is Strange.
You can always run the game without them, but many times they don't work and you have to install them ahead of time. Steam will try to install them for you, but I wouldn't trust them.