Yes, agreed. Nuovo Mexico from c. '82+ assuming the '82 introductory date for the braze-on front derailleur is correct (I have no reason to believe it isn't). That's a very nice bike that appears to have been well cared for. What are the rims? Cant't make them out on my phone. I assume record hubs, yes?
I second Kactus on the Paolucci Rieti decal, BTW.