How to set color of NSPopupButton Menu Item

Question

This is an answer, rather than a question. Searching online, I only found a really hacked, contorted answer to this question (http://www.cocoabuilder.com/archive/cocoa/58379-cha

Answer 1

Just a note here that the question above is in fact the answer. There are a lot of links on the web with too complex solutions based on older APIs and I thought it would be helpful to write this posting as a reference.