Azrael
It depends on what you are after - gaming standard or display ?
Unfortunately the site is in repair because there were some excellant examples to copy - Tidoco in particular had great work to follow.
I would look at working from a Dwarf Flesh basecoat and adding Elf flesh to the raised areas. Re-apply DF in a thin wash to pick out the shading and continue further with the Elf Flesh.
For the highest points add Skull White to the Elf Flesh.
The colouring is fairly straight forward, the difficulty is the technique. Use thin layers - so thin you can hardly see the first coat and slowly build up from there. Do not overload your brush - you should have just enough to see the paint dry as you finish your stroke.
To increase the blending use the thin paint technique with darker and lighter shades across the areas you are blending to smooth out the flow between light and dark.
If necessary you can always use a pure white final highlight and some Bestial Brown with the DF for a touch of extra shading.
Again though keep everything thin, it will take time to get to grips with how much paint / water etc but stick with it.
Good luck