She is a beauty. Depending on how much restoration you want to do will determine what tools you will need. I would start by taking the machine head out of the cabinet as each piece will require a different amount of time to completely restore. The machine does look like you can get it back in working order without to much difficulty. It all starts with a good oiling and lubrication. The cabinet may not need much more than a good shinning up. You will have to be the judge of that one. I use a substance called 'navel jelly' on the rusted areas first it gently removes the rust. Oil well the joints on the steel framework. Then go from there. Others here are very well versed on helping you to achieve what you want.