ccrnnr9

I hear a lot of talk about certain bikes (particularily entry-level road bikes) not being "race-ready". I am very new to this sport and recently bought a Masi Alare as my first bike (I had ridden on a really old schwinn for awhile that was about 5cm too short for me). I have the bike, look pedals, shoes, shorts, and jerseys. What exactly makes a bike "race-worthy"? I am in great shape (although I'm still getting used to cycling). I have been riding a little over 100 miles per week since I got the bike and typically ride at around a 19mph average on 20-30mile rides. I just want to know what else is needed to make my bike "race-worthy". I understand that a higher end bike will have some advantages, but for a college student like me who cant afford more than an entry-level bike at this time I figured a bike was better than no bike.
~Nick