"To do it right" is somewhat subjective, what you consider fun, and how hard you wheel. I don't have a lead-foot, so I can get away with less heavy-duty stuff (which keeps weight down - which means I need less heavy-duty stuff... which keeps the MPG / power / Suzuki gods happy).
My recommendation would be for somewhere between 29" (aka 235/75 r 15) and 31" tires - depending on how much power, MPG & $$$ (to re-gar back to stock) you're willing to sacrifice. If you plan on a lot of mud / wheeling, get the swamper TSL, they're the best for the $$$. If you're more street oriented, I'm very happy with my Dakota M/T tires from pep boys (re-badged coopers) - they've never let me down - but I have to be careful to not puncture the comparatively thinner sidewalls.
The Shackle Reversal kit will give you 2" of lift - which will clear MOST tires in this range. You can always add taller springs / shackles / SOPA in conjunction with the S/R lift (should you decide to go bigger down the road). Some trimming (really, the most under-rated mod out there) may be required for some brands of 31" tires. Get whatever t-case gears re-gear you back to stock. Don't worry about having to re-purchase t-case gears if you go with bigger tires down the road, you'll get most of your money back on them (especially if you already buy used).
If you still need more traction (you aren't hooking up on-trail) buy LOCKERS. They're the #1 way to gain traction (if you've already done the above). You'll also be able to go places you never thought you could go in a little rig. You'll make bigger rigs jealous - TRUST ME. I do it all the time. If you go with even bigger tires / lift down the road, you'll already be locked. Bonus.
Buy some armor when you get the spare coin - it's always useful no matter what lift you run. You can add power adders like 2" exhaust, headers, intake mods. If you go with a 1.6L 8v, you can keep all the intake / header goodies (same bolt pattern). 16V will require new header / intake.
By keeping with smaller tires, you won't fall into the trap of needing bigger... well... everything. Breaks, axles, power steering, bigger engine.....