All depends on what you use, but mainly, no. You cant wash grease or chain lube off with water (well mine anyway
).
I strip my bike down entirely about every 2-3 months, whether its been ridden 10 times or none, just for the fun of it. I enjoy stripping it down and taking pride in it. After all, we're riding expensive bikes here fella's that need maintaining.
Each individual part gets cleaned appropriately and re greased/lubed etc and put back together.
Generally frame sections, suspension linkages, fork lowers and rims I clean with warm soapy water.
Just be careful with water around your headset, pivot bearings and going into your frame thru the inetrnal holes usually around the bb/pivot areas. I NEVER USE A HIGH PRESSURE CLEANER, ON ANY PART OF THE BIKE. Water can lurk in low spots in the frame so tip it over and around if necessary to drain it then maybe use an air comp or soemthing to blow it out.
Fork staunchions I clean with a alohol wipe then lightly spray with teflon. The seals gets a good cleaning, or replacing as necessary.
I feel each bearing, if its slightly shithouse just replace it, if it's ok, just repack with grease lick said above. Keep in mind if some pivots don't have roller or ball bearings, they will be a plain bearing. THESE STILL NEED TO BE GREASED.
Things like the shock I wipe down with a rag and then alocohol wipes before opening it up to rebuild.
Brakes I just wipe down with a damp rag, the rotors I wipe with alocohol wipes.
Both my chains, and sprockets get cleaned in a narrow cut kerosene then dried. Inspect for wear whislt clean.
When I used to run bikes with rear mech's I just wiped it and lubed all the moving parts. A GOOD TIP IS ALSO TO LUBE YOUR INNER CABLES TO FURTHER AVOID FRICTION WITHIN THE OUTER CABLE HOUSING.
With the wheels I wipe the inside of the rim so there is no moisture and every individual spoke (looser, I know!). I wipe down the tubes to again make sure there is no moisture or anything and the inside of the tyre to get rid of debris. Rear hubs got rebuilt aswell when required.
And yes, when I'm being really padantic I polish the frame with wax and black the tyres. Yet as soon as it's all back together I enjoy nothing more than scooting thu mud! Go figure! haha