As far as the most valuable Google map/Places pages, I understand that the ranking of your company web site may now be the most important factor, in the past citations and user comments were biggies. Certainly you need a local business address and referencing local venues on your site may strengthen the local identity, the old practice of just naming all the surrounding cities in a list may now be seen as SEO spam, one has to be a bit more creative in showing your local connection. Always use the identical address format in all listings, there are paid services that will submit you to all the free local directories over time.

One tiny local florist ranks top in Google Places I asked what ranking measures they had taken, apparently they did no manipulation but do have a 50 year old business.

Local SEO is bit different from mainstream SEO as it particularly targets a specific area or sometime country. Hence local citation has very important role in optimizing your website. Moreover there are some other techniques as well which you need to do in order to achieve desired result.

If you want local search results, do business listing and needs NAP, it means Name, Address, and Phone number. Effective way to local result and get best local searches and traffic.

You can use local business listing, Local Classified ads techniques for get best results.

The place to get started for local search results would be to add your business to these online places, 4square, GoogleMaps, LinkedIn, Manta, Yelp, CityGrid, Facebook, and Twitter. Good luck.

May be it takes time. So, start with local classified, business listings and social media to get temporary traffic.

Pay Money. Or read hummingbird algorithm and past Google updates and work on your website for those updates.

You pay money for that. Search Engines are a profit making business.

exchange your link in local directories.

Is there any possible way to Rank No 1 in Local Results? or how the algorithm works?

What are the most important points to take into consideration, beside "NAP" and Local Citations?