"C:\Program Files (x86)\MSBuild\Microsoft\VisualStudio\v14.0\DotNet\Microsoft.DotNet.Props" was not found

I recently opened a sample project from a colleague and encountered the following error:

"C:\Program Files (x86)\MSBuild\Microsoft\VisualStudio\v14.0\DotNet\Microsoft.DotNet.Props" was not found

Fortunately, the solution was simple enough:
1. Update the Visual Studio CE 2015 Update 3
2. Install .Net Core 1.0.1 tools Preview 2

All the links are available here:
https://www.microsoft.com/net/core#windowsvs2015

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