I hate masking stripes, so whenever possible I use decals. If you must mask, you could try using Scotch tape applied to a clean sheet of glass, trimmed to shape with a hobby knife, peeled off and applied to the model. I burnish the tape to the model's surface then apply paper towels to cover large areas using more tape, applied over the top of, but not overlapping, the precise edge tape already on the model. I shoot the paint, then remove the tape as soon as the finish is set up (but not completely cured).
As I mentioned, I prefer to use decals for stripes. Depending on the complexity of the stripes you're looking for, you could take some Microscale trim film (blank decal stock) in one of their standard colors and cut it into strips. If you're a little more picky about your colors, you can airbrush the color of your choice directly onto their white trim film. I've done that for some anti glare panels in the past and it worked beautifully.
If your stripes are too complex to try to cut out of decal stock, you could print your decals directly onto decal paper using a laser or inkjet printer. Once the ink is dry, simply airbrush some decal sealer on the decal paper, let that dry, trim out the decals and apply them to the model. I did some tiny little Peterbilt logos this weekend using that method and they came out great.