The most issue you’ll have is with all the different standards. Check these areas:
- bottom bracket (probably 67mm BSA threaded)
- rear axle (135mm quick release?)
- disc brake mounts (I think these changed the most since)
I’d convert it to a 2x9 setup. Probably mostly used parts. A Hollowtech 2 crank with somethin around 32 / 38 compact chainrings. Buy a complete 9s wheel. For disc brakes anything hydraulic would work as long as its not too powerful, I think 180mm rotors might bend the fork noticeably.
If you are interested in learning to work on bikes I think this is a cool project. Otherwise a newer used bike is cheaper and less time
Image caption from an interview with the frame builder for the original photo: