That Schwinn will be great for you. I'd call the look "retro" rather than "ragged". It'll be more comfortable and efficient to ride than most dual suspension mountain bikes, VERY easy to maintain, and gives you a means to carry your stuff. I'd call that perfect. If you were here in the UK, I'd probably recommend buying a real classic, the type of bike that this is supposed to look like, for about 1/3rd the price, but I know that's not always so easy in the States.