Realism?

Hi there,
I'm fairly new to flight sims and am currently playing FS2004. I see a lot of sites with add-on aircraft that look fantastic, but I'm not able to get any information on how these models perform when compared to the real thing.
How does FS2004 calculate the aircraft performance? Does it do it based on the surface of the model along with factors like weight, balance, etc. (I have no idea of the factors involved)? Or is there some recorded statistics that are approximated in creating new models?
Any thoughts?
I'm fairly new to flight sims and am currently playing FS2004. I see a lot of sites with add-on aircraft that look fantastic, but I'm not able to get any information on how these models perform when compared to the real thing.
How does FS2004 calculate the aircraft performance? Does it do it based on the surface of the model along with factors like weight, balance, etc. (I have no idea of the factors involved)? Or is there some recorded statistics that are approximated in creating new models?
Any thoughts?