Nice ride. I can't quite put my finger on it, but there's something very classic about the shape of the frame and the color. I can't tell if the fork is rusty or if it's actually stripped. In either case, I would sand down the rust with a little bit of sandpaper, prime and paint over it to keep it from kiiling you. Then again, AZ is dry so maybe it's not much of a concern. I would do the same on the frame.