Bicycle Mechanics - Rebuilding a bike; Q's

I have a 2005 felt F70, I purchased it used in 06. I use it for commuting and plan on doing a duatholon at some point. It had a few thousand miles on it, and I have probably put a few thousand on as well. Hard miles, rain, snow, salt etc. I am planning on fixing it up, and hopefully doing the maintenance myself. It has 105 components. My first question is, what cables to use. I have had two cables seize thus far, and have yet to fix one of them. I have nine of my twenty seven gears available. I plan on purchasing my cables here: http://www.pricepoint.com/thumb/3-Parts-49-Cables-False.htm . I have asked some other questions about handlebars that I plan on replacing. What part do I need to raise my stem? The previous rider was a roadie that was shorter than me and the stem is super low, which kills me while commuting. Any other suggestions anyone has? Thanks a lot.

To raise the stem, use a hex wrench, you may have to adjust your brakes after adjustment:
http://www.matcotools.com/ProductImages/AW035L_group.jpg
I'm not sure about the cables though, sorry.

To raise the stem, use a hex wrench, you may have to adjust your brakes after adjustment:
http://www.matcotools.com/ProductImages/AW035L_group.jpg
I'm not sure about the cables though, sorry.

Umm...the above tool would probably not do the job for a threadless headset (you will need it to loosen a few things, however).

You'll need to swap some spacers around (may not be possible), get a stem with more rise, or buy a new fork to get the handlebars higher.

Steve

Take a picture of your current stem set up and you will get more valuable feedback.

As far as pricepoint, I buy from them regularly and they do have some good deals. Make sure the cables are SIS rated (for index shifting).

Sometimes on your handlebars, it's as simple as flipping the stem. Without pictures, that is just a guess.

Given the former owner is much shorter than you, and the bars are way too low, you may actually have a bike that is too small for you. Bike sizing is another science, with a lot of opinions.

The bike is correct size at 54cm. I have the stem raised as far as it will go, so I need a new piece (stem?). Reading it now, I realize that my question was unclear. Is there a bar or some other piece inside the headset that I need to replace so that I can have more adjustment available? Will I need a star nut setter? Thanks for the help :)

The bike is correct size at 54cm. I have the stem raised as far as it will go, so I need a new piece (stem?). Reading it now, I realize that my question was unclear. Is there a bar or some other piece inside the headset that I need to replace so that I can have more adjustment available? Will I need a star nut setter? Thanks for the help :)
If you need to raise the stem significantly, here is the thing to do it:

http://www.nashbar.com/profile.cfm?category=6000119&subcategory=60001185&brand=&sku=20244&storetype=&estoreid=&pagename=Shop%20by%20Subcat%3A%20Road%20Stems

You may need longer shift and brake cables and housing to reach the new bar position. BTW, try to get stainless steel cables if you have rust problems with your current ones.