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Server Specs
I used to build VMs on my laptop but finally broke down and bought a small dell server a couple of weeks ago. It has a 3.4 xeon skylake proc, 32 gb ram and a 500 gb spinning drive. Got it for 624.00 during one of their sales. Even with the spinning drive it is amazingly fast. The biggest problem is not trying to spend more money on it. I might by a SSD for it.
 * Source: http://www.sqlservercentral.com/Forums/FindPost1826020.aspx

I spin up VMs on my gaming machine when I want to do home lab stuff - 32 GB Ram, i7 4790k, 512 GB SSD, 5 TB spinning Rust. I have a 9 TB NAS for stuff that is in storage/ backups/running large downloads, and a Thinkpad W520 with 12 GB RAM that I can copy Vms to if I need them on the go.
 * Source: http://www.sqlservercentral.com/Forums/FindPost1826029.aspx