Lately, I'm using AxBuild.exe to do my compilation and it's really quick. Have now used it several number of times and really impressed with the faster response time compared to traditional way of compiling your code.
Some useful links for AXBuild
http://msdn.microsoft.com/en-us/library/dn528954.aspx
http://blogs.msdn.com/b/axtools/archive/2013/11/04/parallel-x-compilation-for-microsoft-dynamics-ax2012-r2-in-cumulative-update-7.aspx
In my scenario, I did a build with 12 worker threads and it took me less than 13 minutes to compile the application
