get source from downloads
make && make install
mkdir -p -- /usr/lib/mono/xbuild/Microsoft/Portable/v4.0
/usr/bin/install -c -c -m 644 targets/Microsoft.Portable.Common.targets /usr/lib/mono/xbuild/Microsoft/Portable/v4.0/Microsoft.Portable.Common.targets
/usr/bin/install: cannot stat `targets/Microsoft.Portable.Common.targets': No such file or directory
the mono 3.4 archive is missing a file named Microsoft.Portable.Common.targets which should be located at path mcs/tools/xbuild/targets/Microsoft.Portable.Common.targets
with the following content:
<Project xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
<Import Project="..\Microsoft.Portable.Core.props" />
<Import Project="..\Microsoft.Portable.Core.targets" />
</Project>
See this bug: https://bugzilla.xamarin.com/show_bug.cgi?id=18690
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