Since iOS development requires a Mac, I  have decided to look at the Hackintosh-on-a-VM route.

Here are the resources I used to get up and running:

Main guide – http://www.macbreaker.com/2015/01/virtualbox-yosemite-zone.html

Troubleshooting – http://givemesome.tips/guide-to-fix-most-common-problems-with-hackintosh-347/

Personally, I encountered a few different issues which the Troubleshooting guide helped me fix. I now have my VM up and running and ready for Xamarin configuration!