Hi noviej, lots of potential, the photo below shows what could be done to your house to give a more contemporary feel.

what about going up two stories with a frame of steel to go around the house below and add a second story with a wrap arpound porch and pocket door windows?

I like Dytecture's suggested concept. Very practical, very Australian.

Love it...I wouldn't touch a thing...lucky you to find such a beautiful country home. Get a swing for the porch and accessorize!

If the square footage is livable for you...keep the look....wrap the porch around the house... replace some of the windows with french doors and enlarge the windows in proportion to the doors. Add flower boxes to the porch railing. This house has charm. Be considerate when you remodel not to change its spirit. Mitzie H.