You need an environment with smoke and low heat. There are many affordable water smokers out there. Check out the book Smoke and Spice.
We used to have a water smoker until it rusted out. Then we had a custom made smoker which was so good people for fighting over it when we left it at the curb, to copy the design.
It was a regular oil barrel, but the meat drawer was on the side and pulled out the width of the barrel with a locking rack like an oven. This way, you could pull out the rack and turn the meat without getting a face blast.