How to mimic the Material-design raised button style, even for pre-Lollipop (minus the special effects)?

Question

Google has shown some nice ways that buttons are shown on Lollipop here.

I\'m talking about both the raised and the flat buttons.

How can I mimic them on pre

Answer 1

In addition to @spierce7 answer, I improved that layout a little bit. So now it has a relative layout in it, which sets our custom TextView exactly in a center of CardView. So here is it.

         //just my custom height