The MXML editor in Flex Builder lets you work in either Source or Design mode. You can also use Flex Builder to create a split view so that you can work in both Source and Design modes simultaneously.
Click Design at the top of the editor area.
Click Source at the top of the editor area.
Work in both Source and Design modes simultaneously
You now have two editor tabs for the same file.
Switch between the Source and Design modes
Press Control+`(Left Quote).