Saw this on craigslist and it seems like a much better buy than buying the components to convert an old lotus frame that I already have. I just started riding again this summer, but this seem like basically what I would want at the end of the process except at a cheaper price. Thanks in advance for the input.

http://farm4.static.flickr.com/3160/...9e69f9.jpg?v=0
1970s Schwinn Le Tour conversion

----Brand new 700c Stars Circle wheels w/flip flop hub, track and freewheel---
---52/16 gearing(both fixed and freewheel)
-----Brand new tires---
---Brand new grip tape---
--Selle San Marco saddle---
---Brand new alloy seat post---
---Brand new chain---
---front brake w/ parking brake--
--Alloy Bullhorn handle bars---
---Vintage Schwinn alloy stem and Cranks---

:EDIT: $290