I own a bike made in Argentina. Here's the thread,
http://www.bikeforums.net/classic-vi...ine-parts.html
The Trek 750 is a nice bike. I concur with the others that I would not paint the bike but simply touch it up to get rid of the paint. This is a close call though as the paint job on the top tube has some issues.
Drop bars are not a bad idea but it can be tough to get the geometry right as the bike was built with flat bars in mind. A better choice might be trekking or butter fly bars. Your existing brake levers and shifters will work just fine. You also get a lot of hand positions and they won't change the geometry of the bike.
Buena suerte; I'm not sure I'd want to ride a bike in B.A.! The traffic there is, well, interesting.