I'm the original owner of a '94 Kestrel SCi - it probably has about 5000 miles on it and continues to serve me well despite being wholly original. That said, I think it's time to bring it into the current century.
The easy target for upgrading first is the fork and stem. Since this was the "base" model, it came with an AL fork and "old style" (whatever it's called) stem. Kinda funny, today you can get a $500 bike with a carbon fork and my carbon bike has an AL one!
I'm reasonably mechanically inclined, but limited in my practical bike knowledge to know what I've got and what I can replace it with. I don't mind buying something good-condition used, but need to better educate myself on what to look for.
Can anyone provide some guidance? Feel free to reference a link or two.