If I downoad and install lion server on my iMac does it still function as a client?

Hi,
A beginners question: I know I can setup my iMac or whatever as a Lion server but what does that mean for the original iMac acting as a client? Can I use the original functionality of the iMac and have the server components almost as an add-on or is it intended that the iMac would then become a dedicated server which I would connect to, with my Air for example?
I'm trying to understand whether I can access some of the shared functionality available as part of the server without having to buy another iMac.
thanks in advance.

Thanks Matt.
I really wanted to experiment with shared address books, schedules etc with the bonus of some iPad management so this sounds as though it is worth trying!
thanks again.
P.

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