I recommend using orange and yellow card stock paper and making the templates in Word.
In this example, I used titles of books my mother and sister wrote this year ('A Mind Like This' by Susan Blackwell Ramsey and 'Giant Dance Party' by Betsy Bird). Once you have your board completed, next comes the community chest/chance cards. Note that if you want it to be completely authentic to the original, you may have to scour the internet to find similar fonts for free like KabobLight for the property names and KabaleMedium for the 'OPOPLY' name in the middle, but with a little Google searching, you should be able to download the fonts for free.
You'd be surprised how nit-picky you'll get and which jokes to include/leave off the board. From here, you'll be able to download the entire Photoshop template and edit the names of the tiles, add photos, customize the pricing, do anything and everything you like to personalize the board. Start by going to BradFrostWeb's site to download his Monopoly template.