How do I style appcompat-v7 Toolbar like Theme.AppCompat.Light.DarkActionBar?

The recommended way to style the Toolbar for a Light.DarkActionBar clone would be to use Theme.AppCompat.Light.DarkActionbar as parent/app theme and add the following attributes to the style to hide the default ActionBar:

<style name="AppTheme" parent="Theme.AppCompat.Light.DarkActionBar">
    <item name="windowActionBar">false</item>
    <item name="windowNoTitle">true</item>
</style>

Then use the following as your Toolbar:

<android.support.design.widget.AppBarLayout
    android:layout_width="match_parent"
    android:layout_height="wrap_content"
    android:theme="@style/ThemeOverlay.AppCompat.Dark.ActionBar">

    <android.support.v7.widget.Toolbar
        android:id="@+id/toolbar"
        android:layout_width="match_parent"
        android:layout_height="?attr/actionBarSize"
        android:background="?attr/colorPrimary"
        app:popupTheme="@style/ThemeOverlay.AppCompat.Light" />
</android.support.design.widget.AppBarLayout>

For further modifications, you would create styles extending ThemeOverlay.AppCompat.Dark.ActionBar and ThemeOverlay.AppCompat.Light replacing the ones within AppBarLayout->android:theme and Toolbar->app:popupTheme. Also note that this will pick up your ?attr/colorPrimary if you have set it in your main style so you might get a different background color.

You will find a good example of this is in the current project template with an Empty Activity of Android Studio (1.4+).

Edit: After updating to appcompat-v7:22.1.1 and using AppCompatActivity instead of ActionBarActivity my styles.xml looks like:

<style name="AppBaseTheme" parent="Theme.AppCompat.Light">
    <item name="colorPrimary">@color/colorPrimary</item>
    <item name="colorPrimaryDark">@color/colorPrimaryDark</item>
    <item name="colorAccent">@color/colorAccent</item>
    <item name="theme">@style/ThemeOverlay.AppCompat.Dark.ActionBar</item>
</style>

Note: This means I am using a Toolbar provided by the framework (NOT included in an XML file).

This worked for me:
styles.xml file:

<style name="AppBaseTheme" parent="Theme.AppCompat.Light">
    <item name="colorPrimary">@color/colorPrimary</item>
    <item name="colorPrimaryDark">@color/colorPrimaryDark</item>
    <item name="colorAccent">@color/colorAccent</item>
    <item name="windowActionBar">false</item>
    <item name="theme">@style/ThemeOverlay.AppCompat.Dark.ActionBar</item>
</style>

Update: A quote from Gabriele Mariotti's blog.

With the new Toolbar you can apply a style and a theme. They are different! The style is local to the Toolbar view, for example the background color. The app:theme is instead global to all ui elements inflated in the Toolbar, for example the color of the title and icons.