Trailer newbie

OK... so I got my trailer and just stripped it down. It appears to be an old pop-up camper trailer with a drop axel? Yeah... no idea what the axel means, i'm learning from Google and YouTube (and all of you!) as I go. How can I tell what the axel is capable of? The tongue says rated for 3500 but no clue if that was added the trailer or is actually from this trailer. I would like to be able to put bigger wheels and bigger tires on it but don't know how to tell if it can handle it? I know to put bigger wheels I'd have to replace the hubs. Is that worth it? It currently has 4 lug, 13 inch wheels. New tires is a given. I appreciate all the info you guys can offer. I do have some design ideas ready. Includes building a storage base and builidng the sleeping area over the tires (leaving plenty of room for the tires).

