In addition, where would I look for a regular AM/FM radios with great long range receive?
It just occurred to me that I don't think anyone has addressed the last part of your question yet.
AM and FM travel by very different paths. By and large, FM signals are line-of-site and don't travel very far. (There are exceptions, but 50 miles is roughly the maximum distance they can travel because of the Earth's curvature. High frequency FM signals (in the VHF spectrum) pass straight through the Earth's atmosphere and into outer space. (You could pick them up on the moon with a really good receiver.)
AM signals (which are generally on much lower frequencies) bounce off the Earth's ionosphere (even taking multiple hops), which is why they can literally travel thousands of miles. This is why at night I reguarly hear Chicago radio stations, e.g., WBBM, in Boston, and why WBZ -- a Boston station on what is called a "clear channel" -- is heard in 38 states. By the way, listening to distant stations is called "DX'ing." The time of year, the time of day, and sun spot activity all affect this, so the actually story is more complicated. Regardless,low frequency AM (and similiarly shortwave) signals tend to travel a long ways.
Also, to be clear, AM and FM aren't frequency distinctions but rather how the signal is encoded. Standards have emerged, however, and you'd have to look hard to find someone transmitting an AM signal at 50 MHz, although some people (particularly old hams) still do.
All that being said, the main concerns with an FM radio are things like adjacent frequency rejection, attentuation, audio and antenna quality. You can get quite exotic and start talking about multipath rejection, filter widths, notch filtering, adjustable intermediary frequency, DSP processing, etc., which are mostly irrelevant for broadcast FM radio. The most important thing for good FM reception may simply be having a good FM antenna.
For the AM side, the main thing you might want is synchronous detection, which is the ability to choose between upper and lower sidebands, one of which may be distorted by an adjacent frequency.
Getting more practical. I think the best performing radio on the current market for AM DX'ing is the
CCRadio Plus . It is simply an excellent AM/FM/TV/NOAA peformer, but offers no fancy options other than tuning. It also has an excellent audio quality. (It's so good that my wife has taken mine and won't give it back.) As I mentioned somewhere else in this thread, it gets 250 hours on a set of batteries which is pretty extraordinary. It is a great at home for general and emergency use but it is pricey. (It's also too big and heavy to carry around.)
The best performing radios of yesteryear, which you can still find on ebay, were the Sony 2010 and the GE SuperRadio II. (Note I said the SuperRadio II and not the model III.) These are my favorite AM DXers, and I replaced the filters in my Sony with custom Kiwa filters (anyone remember those?) which improved audio quality remarkably. My Sony 2010 is still my favorite receiver of all time and still sees regular use.
You can also buy any number of external antennas for AM radios which can improve distant reception remarkably. The simple Select A-ntenna is just an inductively coupled massive ferrite loop antenna that you just place next to your radio. There is no physical connection. It looks weird but works great and requires no external power.
Also, remember the ferrite bar antennas hidden inside most AM radios are directional. You should rotate the radio as you scan the band and you will hear different stations in different directions. This is part of the fun of AM DX'ing.
Hope this helps!
Fitz