I am ready to take the next step properly setting up extender.
OK, we can do that....but it would be a good idea to first review the upsides and downsides of the two methods to extend a network......extend using wireless and extend using Ethernet, since you say that you want to do this properly. As you might imagine, one method is much better than the other as far as performance on your network is concerned.
Let's review extending using wireless first, since you indicate that this is what you might want to do.
As you know, the wireless signal begins to slow down as soon as it leaves your "main" wireless access point.....the new AirPort Extreme....and it also slows down as it encounters any type of obstruction in its signal path to a wireless device.
So, for example, let's say that the wireless signal leaves your new AirPort Extreme with an Internet speed signal of 50 Mbps. After the signal must pass through a few walls or a ceiling on the way to the location of the older AirPort Extreme that will be extending the wireless network, the speed of the signal might slow to only 20-25 Mbps by the time that it reaches the older AirPort Extreme.
When the AirPort Extreme extends the signal using wireless, it can only extend the quality and speed of signal that it receives.....maybe 20-25 Mbps. Then the signal will slow down even more as it travels further away from the extending AirPort Extreme as it encounters any obstructions in the signal path.
So, by the time the signal actually reaches a wireless device at the remote end of your house, that signal might be down to something in the 5-10 Mbps range, depending on the actual location where you install the AirPort Extreme that will be used to extend the signal.
That is but one example.....your results will vary depending on distance, obstructions and construction type of the walls and ceilings, etc.
In addition, a network that extends using wireless is more susceptible to picking up wireless interference from other sources.
Bottom line.....extending using wireless is always a going to result in significant compromises and loss of the speed on the network. Nature of the beast.
Now, lets say that you decide to make the investment in installing an Ethernet cable from the new AirPort Extreme to the exact location in your home where you need additional wireless signal coverage. In this case, there is no signal loss in an Ethernet cable up to 300+ feet or about 100 meters, so the extending Extreme gets the full 50 Mbps speed and it broadcasts that signal.
The result is that you will have much higher speeds on your network extending the signal using Ethernet.
Have you made up your mind that you want to extend the signal using wireless, or can you consider extending using Ethernet?