You are right after penguin and panda update building links carefully is really necessary to not get penalized. Some techniques i am sharing here take a look
Use Guest posting - write guest posts for good quality same niche website and get backlinks from them
Directory submission - Submit your url with keywords and description in High PR web directories, always submit your website in correct category so that it'll be easy for directory admin to approve it.
Blog Commenting - Comment on same niche blogs with high PR to get backlinks for your website
Participate in Discussion Forums - participate in forums but not only for getting backlinks, but provide valuable information to other users.
I read one useful article on building backlinks in 2014 for seo, sharing its url here:
techseoblog.blogspot.com/2013/12/natural-ways-of-building-links-for-seo-in-2014.html
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