Fortunately, as long as the ordinance is reasonable, it isn't all that hard to do. The most common maximum noise level agreed upon is 95 to 100 decibels at 100 feet. For a V-8 race car, that isn't ...
The main thing that separates hot street cars from race cars is mufflers. Heck, you've got blowers, injectors, roller cams, ported heads, and anything else you can name on street cars these days.