Step 1: Selecting your wood
Step 2: Turn the wood
Step 3: Seal the wood
Hint: Stick the tack somewhere where the hardware will mask the hole.
Step 4: The hardware
The location of the hardware was eyeballed and the screw holes started with an awl, since the wood is soft, pre-drilling is unnecessary.
You'll notice I only used one hook, that's just a personal preferences, but lures with masses of treble hooks that tangle in the tackle box annoy me, yeah I'm talking about you, Helin Flatfish.
If you don't want to buy special hardware, I'd suggest just using screw eyes and maybe some ballast to achieve neutral bouyancy.