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

See my answer for a solution keeping the border and raised effect on pre-lollipop while keeping the ripple effect on lollipop without drawback here