We are running the \'Welcome to Xamarin` example on Visual Studio Enterprise, using the latest Xamarin, in a Windows 8.1 environment.
We are managing to build and run on
Right click on your Android project's references and manually add the reference: C:\Program Files (x86)\Reference Assemblies\Microsoft\Framework\MonoAndroid\v1.0\Facades\System.ObjectModel.dll. And technically that's a warning, not an error.