Usually with a DAW like Ableton Live you'd use a VST because then Live can control it.
There are all kinds of vintage vst effects
Free, and paid ones by the top names in hardware reverbs, compressors, ...
Some are based on impulse responses of actual old hardware. The electronics being modeled, the tank, or plate, with the IR. These can be very pricy VST's but they work as advertised.
If you don't have a good PC. You can look at outboard DSP like UA Audio Apollo Twin. It unburdens the CPU from processing for many standalone devices.
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