it would cost roughly 700 dollars to fit it with a decent midrange set of new touring bits. think tiagra hubs, db spokes, mavic cxp rims, panaracer pasela tires, tektro brakes, kool stop pads, kalloy post, brooks saddle, cinelli tape, cheap levers, un 73 bb, deore rear mech, tiagra ft mech, sugino cranks and shimano bb... maybe 800 with fenders and an ok rear rack.