Welcome to the forum. There's always help available if/when you need it.
You have a classic frame to start with and it is going to make a good platform for a motorized bicycle.
Take some time and do a little searching to read about the hazards and fixes for fenders. They can look good and keep the water out of your face and engine but they need some work or they can be dangerous. Try here> http://motorbicycling.com/showthread.php?t=14032
Good luck. Have fun and ride safe.