Nice Color! For $20 you pretty much stole it as the World Market (Reads E-bay) price is between $150 and $375ish.) Great Score!! I can't say one way or another based on a single photograph as to what you should do with it. I see a little rust on the shiny parts so it's not a prisitne example for keeping in a hermetically seal glass garage.. I'm more of the Product Improved Twenty School of Design so I tend to think along the lines of keeping close to the original spirit as possible. So I beef up what is already there. On mine I upgraded to a cartridge bottom bracket, cotterless cranks 170mm in length (kept a 44 tooth chainwheel up front so the chaingard can stay on), a more comfortable saddle (a Brooks Conquest), better rims (Mine came with 405mm chrome steel rims which may as well have been made of ice for their stopping ability). In fact, I came up with a a complete alloy rimmed wheel set off of E-bay which made swapping rims a whole lot easier. I also keep the fenders on as I find a fendered bike a whole lot easier to deal with on a day to day basis in wet climates than an open wheeled bike. Also new tires, tubes and brake blocks round things out.. The only thing I might consider is a better rear rack as Pelchers suck and even though a standard rack might stand a little proud the benfits of being able to mount panniers cannot be ignored..