First off I have absolutely no experience building or repairing rods.

Problemi is I stored an old fly rod where it was apparently too hot. When I went to get the rod out after a couple of years of not using it I found that the epoxy/glue that is over the guide wraps had begun to melt. On some of the guides it kind of flaked off but on most there is a "glob" of melted glue/epoxy. The wraps seem to be intact.

Question is what can I use to remove the old epoxy/glue that will leave the wraps intact and what should I coat the wraps with after they have been cleaned ?

It's a relatively inexpensive Fenwick that, if memory serves, I paid less than $ 100 for about 10 years ago.

Again, I am a complete novice at this and would appreciate any advice you can offer.

Thanks,

Dave

The epoxy is designed to soak into the guide thread.  Having the guides rethreaded and epoxied would be the route I would take

I agree , rewrapping is the "right " way to fix them but if appearance is of little concern you might be able to peel off the old stuff especially if it's separated already.  Gentle heat and a thumbnail is all I'd use. 

I always favor going at these things with the least disruptive strategy first, then if it doesn't work, go on from there with another strategy.  So I would try to salvage the current windings by trying to remove the finish, then refinish.  If that doesn't work, remove windings and rewrap.

When you remove the old finish you may find the surface irregular and rough.  Do the best you can to make it look good, then apply rod wrap epoxy, not structural/hardware epoxy.  You may find that the new coat of wrap epoxy will smooth out the surface quite nicely.