I'd guess you are losing coolant. The smoke is steam, it could be a radiator hose, heater hose, hole in the radaitor or a water pump. Next time you see steam or smoke, raise the hood and see where it is coming from. Hoses are fairly cheap and mostly just take the old one off, put the new on, swap. Also might have to remove a bleeder to get all the air out of cooling system. The biggest thing is keeping an eye on the temp guage. Today's engine heads won't take the punishment of the old cars, and if a hose has gotten to the point it has a leak, it could get larger quick and overheat rapidly.
PS -don't forget- cooling systems are made to operate under pressure and opening a hot radaitor is a good way to get scalded.
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