The main thing about steel, is that you can sandblast it and paint it over and over again. Each time is quite capable of looking better than the last time. You can upgrade to better components after each paint job. The bike will both look and feel like a new bike. You could go on and on like that for decades.
You simply can't do that with aluminum....
In ten years or less, that Escape will be on its way out, while the Trek 520, will just be getting its second breath!