My favorite condition is nice looking, great mechanically, comfortable driving so I can drive it as much as I like, rain or snow included and nothing that I know should really be addressed even if the casual onlooker doesn't spot it. My car has been like that for most of the 11 years I've owned it.
I've put more than 40 thousand miles on it. Like my other, newer cars, I don't really care about a sratch or small dent somewhere, it's to be driven and not a museum piece. So I guess it depends on why we own these cars: (1) own it to own and look at it, show it off at shows, enjoy taking it from 95% to 98%, fuss over getting an original emergency light or tool kit, or (2) keep it in sound condition, replace what needs replacing (never mind original panels) and most of all drive it.
If you can answer which of these two gives you the most enjoyment, I think you determined what kind of Pagoda you want to own. Me I am definitely in the 2nd category but respect anyone who prefers no. 1 and I believe Michael Salemi has found a way to have both in one car!