We've had these lanterns on our porch steps for years. I originally bought them at Home Goods. They were looking pretty beat up after being in the elements year after year.
I love the shape of them though so I didn't want to toss them. So I picked off some of the rust and gave them a quick makeover.
Keeping with my beachy/nautical theme for the porch, I gave them a couple of coats of white spray paint. Then I used some red acrylic paint for the stripe.
Finish up with a coat of clear spray paint, and they are good to go! Quick, easy and total cost: $0.