Windows 8.1 / PowerShell 4.0 +
One line :)
if (!([Security.Principal.WindowsPrincipal][Security.Principal.WindowsIdentity]::GetCurrent()).IsInRole([Security.Principal.WindowsBuiltInRole] "Administrator")) { Start-Process powershell.exe "-NoProfile -ExecutionPolicy Bypass -File `"$PSCommandPath`"" -Verb RunAs; exit }
# Your script here