How is it that old albums and songs can be remastered while still retaining the original feel?

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How does one go about remastering a song? Is it the case that some skilled musicians will attempt to replicate the original instrumental lines, while leaving the vocals alone? I’m thinking particularly of artists like Bob Dylan or Led Zeppelin where the sound is so distinctive but the older recordings can be poor quality. How do you keep that same feel in the music albeit with a better quality recording? And do artists tend to remaster their own songs or is it done by independent parties?

In: Technology