Well, I got a great deal on this Fuji bike a little while ago. I basically stripped the bike down, and used the nicer parts on my Dawes. The frame of this bike had black primer over top of the original red acrylic paint. It also had a bit of surface rust. It was just sitting in my garage with a pile of leftover parts, so my friend and I decided to put in some work and make the frame look nice and new. I first used a few applications of paint remover and sanded the good ol' fashioned way for a few hours. Then we used an electric sander and took off the brake line holders on the top tube, and took off all of the surface rust. Then we hit it with a few coats of primer, a few coats of gloss white paint, and a coat of satin clear coat.
This was the frame after a few applications of Aircraft Paint Remover and a few hours of sanding. Notice the decent amount of surface rust on the frame.
The frame after a little work with an electric sander.
The frame after a coat of primer. (I forgot to take pictures of the frame after we got all the surface rust off)
The frame after two coats of primer and a few coats of gloss white paint
The fork after two coats of primer and a few coats of gloss white paint
The frame after a coat of satin clear coat
And to make the job more fun..
Finished product (minus chain and handlebars)