It's an '86 model.
http://2.bp.blogspot.com/_whtVpXkKwl...600/img106.jpg

paint looks nice from afar, but it isnt anything special. Paint it if you want something different. It's a nice frame and starting point for a modernized touring bike.
keep what you like and replace the rest. Only thing to be aware of is that the current cantilever brakes will need to be kept if the studs on the fork are narrower than modern spacing.