Source : Webster's Revised Unabridged Dictionary (1913)

Remodel \Re*mod"el\ (r?-m?d"?l), v. t.
   To model or fashion anew; to change the form of.

         The corporation had been remodeled.      --Macaulay.

Source : WordNet®

remodel
     v 1: do over, as of (part of) a house; "We are remodeling these
          rooms" [syn: {reconstruct}, {redo}]
     2: cast or model anew; "She had to recast her image to please
        the electorate in her home state" [syn: {recast}, {reforge}]