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Peavey Foundation Refinish

Hi all. I have a 1991 Foundation V that I love, but the red finish is hideous. I am thinking of stripping it and staining to somewhat match the maple neck. What is the best way to do this and do these things have an attractive grain to them?
 
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Before you sand down, be aware that the wood used under solid finishes on most instruments WON'T usually look attractive. It may be a laminate of multiple pieces of wood with poorly matched grain.

That said, I suggest you have a backup plan. If the grain isn't what you hope for, refinish with a solid color.