On the Dev Center of Microsoft you can find all information, samples and tools you need to develop Windows and Windows Phone apps.
Info from the site regarding to WP development:
Windows Phone 8.1 development tools:
The Windows Phone 8.1 development tools are installed with Visual Studio Express 2013 for Windows with Update 2 and Visual Studio 2013 Update 2.
Windows Phone 8.1 Emulators:
This package requires Visual Studio 2013 with Update 2 or later, Windows 8.1 (x64) Professional edition or higher, and a processor that supports Client Hyper-V and Second Level Address Translation (SLAT).
Here are several links to useful parts of the site:
Note: with these tools, you can still develop Windows Phone 8.0 apps as well.