After looking on Super User I found this question which explains how to do this with the shortcut on the start screen. Similarly you can do the same when Visual Studio is pinned to the task bar. In either location:
Properties
Shortcut tab
select Advanced
Run as administrator
Unlike in Windows 7 this only works if you launch the application from the shortcut you changed. After updating both Visual Studio shortcuts it seems to also work when you open a solution file from Explorer.
Update Warning:
It looks like one of the major flaws in running Visual Studio with elevated permissions is since Explorer isn't running with them as well you can't drag and drop files into Visual Studio for editing. You need to open them through the file open dialog. Nor can you double click any file associated to Visual Studio and have it open in Visual Studio (aside from solutions it seems) because you'll get an error message saying There was a problem sending the command to the program.
Once I uncheck to always start with elevated permissions (using VSCommands) then I'm able to open files directly and drop them into an open instance of Visual Studio.
Update For The Daring: Despite there being no UI to turn off UAC like in the past, that I saw at least, you can still do so through the registry. The key to edit is:
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows\CurrentVersion\Policies\System
EnableLUA - DWORD 1-Enabled, 0-Disabled
After changing this Windows will prompt you to restart. Once restarted you'll be back to everything running with admin permissions if you're an admin. The issues I reported above are now gone as well.