No internet on "home AP" default setup

Nope, the MT is not a modem but there may be work arounds??.
Read this thread perhaps for some ideas.
http://forum.mikrotik.com/t/bypassing-at-t-residential-gateways-with-mikrotik/135563/1

Although if you have the ISP modem router in bridge mode, it may be as good as it gets…