I've been training on my 12 year old Raleigh M-20 mountain bike with hybrid tires for the past 12 weeks. I'm new to this and i'm overwhelmed at how many different styles there are now. I want to get a new one in about a year, but i'm not sure if I need a road bike. I probably will not be going on 60 mile rides. I have been doing 15 and 20 mile rides though. Most importantly, I don't think I want to spend a lot...($400 - $700) Is that possible???