Most engines can be converted with enough skill and patience. However, you do have to select a compatible decoder. I can't help you with that, although if you go to Loy's Toys' site, or to Tony's Train Exchange site, you will probably find a list of several scores of decoders, some of which will do the job once matched. Digitrax, NCE, and TCS will all have one or two for your engine. Some of us really like the sounds for steam and for the prime movers of diesels. In that respect, the Sountraxx "Tsunami" decoder for steam is excellent. You'd have to install a speaker in the tender, drill out a few 1/8" holes for the sound to escape, either through the coal load or down through the floor. You would also have to mount the speaker in a baffle to keep movable air from its back face...otherwise you would get very weak sound. I believe the sound decoders all come as a full package.
The key and critical step is to isolate your motor from the frame and from all other electrical contact. Sometimes it means relocating wire connections, and a lot of installers place a layer of electrical tape between the motor and the frame if the motor makes contact on its outer case.
In DCC, the decoder runs everything. It gets the power from the wheel wipers and the frame directly, after wheich it meters out usable voltage to the motor, lights, and speaker(s). So you will have to find a place for the decoder and the speaker(s), and then hard wire them so that the lights get power and the motor and speakers. Note - your decoder can only handle so much voltage...or else it lets the magic smoke out and you are hooped. So, make sure your old motor won't need more current than the decoder can handle for hours at a time without melting outer materials or itself. To be specific, if your motor needs 2 amps, make sure the decoder can deliver it safely. Select from the list(s) accordingly.
One other key point...your lights will have to be scrutinized for power requirements, and the decoder will have to have its outputs meant for lighting matched. In some cases it is already pretty good, in others you need resistors in-line to keep the current from blowing perfectly good lights.
That's just a general overview. There is lots to read about DCC at the sites I mentioned, but you are sure to get some more specific info from other readers.
Good luck.