Put new strings on that Fender and STOP right there. The less "reconditioning" you do, and the more scrapes, dings, gouges, scratches and paint-worn wood showing, the more it'll be worth as a vintage collectible.
I know a guy who found a relic vintage pre-CBS Strat (actually a '54!) and he was going to "recondition" it (paint the body, nitro-cellulose the neck, etc.) I convinced him not to.
The guitar sold at Sotheby's for $82K. Had he re-finished it, he might have gotten $20K, probably less.
;-\
You are right. It’s a Philip Kubicki, BTW.