21' 1965 barbour cuddy cruiser

[tx-scooter]

hello everyone im a newbie here and to wooden boats, being from west texas. i just purchased a 21' 65 model cuddy cruiser by Barbour Motor Works. it seems in good shape has been used regularly and im only going to use cruising the g kids around, but i would like to look good doing it. lol. i have always liked the looks of the cris craft ect.so my question is how to go about refinishing the hull, it looks like it has just had years of paint applied.and all the mahogany is dry or painted over.it is, as im sure most of you already know, a lapstrake. the inside of the cuddy looks good, but the hull is just cracking paint.
do i strip, primer,then paint? and strip and varnish the mahogany?

also any info on this boat would be appreciated as i can't seem to find any info on the Barbour cruisers other than a pic from the 1963 sales brochure.also do the boats have any collector value, this could determine how much time and effort i would spend on it.