Best way to migrate existing physical server

im looking at moving a win 2008 machine to the cloud. i want to create a new 2012 server and migrate all roles and data from 2008 server. what is the best way to do this?

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Some more detail about the environment would be helpful in providing a recommendation. Is the Windows 2008 server running AD? What is it being used for currently?

Have you looked into using the migration tools that Microsoft provides?