Installing vim 7.4 with lua on Ubuntu 12.04

vim74_lua

sudo apt-get remove --purge vim vim-runtime vim-gnome vim-tiny vim-common vim-gui-common

sudo apt-get build-dep vim-gnome
 
sudo apt-get install liblua5.1-dev luajit libluajit-5.1 python-dev ruby-dev libperl-dev libncurses5-dev libgnome2-dev libgnomeui-dev libgtk2.0-dev libatk1.0-dev libbonoboui2-dev libcairo2-dev libx11-dev libxpm-dev libxt-dev

sudo rm -rf /usr/local/share/vim

sudo rm /usr/bin/vim
 
sudo mkdir /usr/include/lua5.1/include
sudo mv /usr/include/lua5.1/*.h /usr/include/lua5.1/include/
 
sudo ln -s /usr/bin/luajit-2.0.0-beta9 /usr/bin/luajit
 
cd ~
git clone https://github.com/vim/vim
cd vim/src
make distclean
./configure --with-features=huge \
            --enable-rubyinterp \
            --enable-largefile \
            --disable-netbeans \
            --enable-pythoninterp \
            --with-python-config-dir=/usr/lib/python2.7/config \
            --enable-perlinterp \
            --enable-luainterp \
            --with-luajit \
	    --enable-gui=auto \
            --enable-fail-if-missing \
            --with-lua-prefix=/usr/include/lua5.1 \
            --enable-cscope 
make 
sudo make install

git clone https://github.com/vim/vim --depth 1

to not have to grab the whole repository.

Thanks for your helpful instructions.
The dpkg-buildpackage method is great, as I don't have to rebuild my VIM on every new machine anymore.

Amazing, works perfect on my Ubuntu 14.04, I had errors in this lines:
sudo rm /usr/bin/vim
sudo ln -s /usr/bin/luajit-2.0.0-beta9 /usr/bin/luajit ----> because I already have luajit
None of my plugins or configuration was modified, it's perfect!