Git: Undo local changes; git add . + git rm?

How do I undo these local changes, restoring them to the current versions in the repository?`

git reset --hard

(this will reset your index and working directory to HEAD)

Is there a git command that will git add . and git rm any files I've deleted locally, in one step?`

git add -u

(it wont add new files)

If you want to add new files, remove rm'ed files, and stage modifications to files:

git add -A

You can revert to your last valid commit (i.e. copy of the remote repo, in tour example) by issuing:

git reset --hard HEAD

Additionally, I suggest reading the useful http://progit.org/2011/07/11/reset.html page to better understand how reset work and what the index is, and why git add and git rm are separate commands.