I use one of my belt grinders to sharpen, but I don't think you're in the market for a $2500.00 glorified sharpener.
If I had to do them by hand, I'd get a Spyderco Sharpmaker. It has ceramic rods of different grits set at a predetermined angle in a block. The only thing you really have to do in the process is make sure the blade is vertical when you run it down each rod. It works well.
As far as a polished look, the only way to get that is to polish it in some way.
If you have a bench grinder, or buffer, install a medium felt wheel and load it with green polishing compound, and holding the knife
edge down, at a 45 degree angle, wire edge towards the wheel first, make a light pass, raise the knife to 25-30 degrees, and make another light pass. Repeat on the other side.
If you don't have a buffer, or bench grinder, glue a 1 1/2-2"wide by let's say 18" long piece of leather(smooth side up) to a similar sized plank, rub the leather face with kerosene to wet it a bit, then rub the green polishing compound into the leather. The kerosene will help get the compound into the leather, and I guess you could use paint thinner if you didn't have kerosene.
When it's dry, start at the end opposite you, and with the edge away from you, pull the knife backwards while holding at about 20 degrees, and slowly lift the back of the blade as you pull towards you. Don't go overboard with the lifting, you don't want to go to high, and roll the edge.
It's similar to the old strops the barbers used to touch up, and polish the edge of a straight razor with.
I hear you can do the same thing with a mouse pad also.
http://www.knifeandgun.com/catalog/buffs_186639_products.htm
http://www.knifeandgun.com/catalog/compounds_186640_products.htm