
Xenocrat |

Yes, you take the base stats and graft for color and rebuild based on age and associated CR.
Dragon, Alien Archive wrote:
After hatching from large eggs, dragons mature through 12 age categories: wyrmling (CR 3—4), very young (CR 5—6), young (CR 7–8), juvenile (CR 9—10), young adult (CR 11—12), adult (CR 13—14), mature adult (CR 15—16), old (CR 17—18), very old (CR 19—20), ancient (CR 21—22), wyrm (CR 23—24), and great wyrm (CR 25).
Note that higher CR creatures should have more special abilities (listed on the tables in the back of AA), and you'd have to homebrew those if you don't just leave them out or maybe replace with class graft abilities. Pathfinder dragons would be a good source of additional abilities for older dragons.