Yamaha AW4416 16 track Digital Audio hard disk recorder (check www.aw4416.com, it's de JOB!)
Possible to record up to 16 instruments at a time CD Burner - Walk away with your own CD.
Choice of Microphones
Rode NT2
Shure Beta 58A
Shure Sm57
AND ALL THE WAY FROM THE TAPE OP CONFERENCE IN SACRAMENTO, CA
The crappiest greatest lo-fi mic of them all, the Fen-Tone DM-660
Choice of instruments if your own gear ain't up to scratch...
Martin DC15E Acoustic guitar, 2000 Fender Stratocaster, 1993