Ok so Ive just got a 97 cobra with no mods to it. Where should the mods begin. Lookin for some horsepower of course but if I could also increase the gas mileage a bit that would be awesome as well. Thanks for the input and the time. And I'm new so get as long winded as you need 

Although i only have 2v, my first mod was a s/r intake and honestly i waish i would have gone after gears first. I now have 3.73's but when i rebuilt my rear i'll probably jump to 4.10's. The intake did help but looking back gears probably would have been a better first choice. They were like 3rd after lt's, tb, and flows.