Well, living in Phoenix I use mine year 'round. But that doesn't answer your question.
You want to clean the inside using a good barbeque degreaser. Once that is done, remove any visible rust inside and out. Depending upon the condition of the exterior, you may want to paint it using a paint designed for high heat (Rustoleum makes a paint specifically for barbeques) — DO NOT PAINT ANY INTERIOR SURFACES. Brush all interior surfaces with a coating of cooking oil.
If the smoker will be exposed to the elements over the winter, you definitely want to cover it — either make a cover or purchase one. That should do iit.
Is there a reason you won't be using yours over the winter? A lot of 'que fanatics in winter climes purchase a water heater blanket (basically, a piece of insulation designed to wrap around a water heater — typically sold in cold weather areas). You wrap your smoker with it while cooking in the cold winter months and voila! Perfect 'que all year 'round.
Big Dan