Shrink Wrap. I used to have a pictorial but they shut it down. Here's a step by step:
The Shrink Wrap you can buy at Home Depot. 1,000' x 5" is $9
Easiest way is to turn your bike upside down with the Rim Mounted.
Take about a 6" piece of packing tape and put it on the rim, then attach the shrink wrap.
Spin the rim around 6 times, keeping the shrink wrap centered with light pressure, and keep the edges of the shrink wrap from creeping down the side wall of the rim.
At the end of 6 times, again use packing tape to attach the Shrink Wrap to itself. Best to go from shoulder to shoulder.
Then take a nail or something metal, heat it up to melt a small hole to put the valve in. I usually use 3 small pieces of inner tube to create a better seal between the valve and the rim. I press down on the valve as hard as possible while tightening up the valve nut.
Carefully put the tire on the rim, making sure you don't drag the shrink wrap into the rim. If it does go down you can pull it back up.
Soap the rim "LIBERALLY" and fill it up to 18 to 25 PSI depending on what your tire says. The soapy water will bubble if you have any significant leaks. Usually all bubbles go away with enough pressure.
The nice thing about the Shrink Wrap is that it seals the entire rim, welds, spoke holes and valve hole.
I have modified all my rims to Schrader valves, and insert by Stans Racing Fluid with the valve core out using a fairly large 2ml syringe. Even with all the hairs in the Stan's Racing it all works with the Schrader Vales. To drill out a Presta hole to a Schrader hole takes a 21/64 drill bit. Deburr the hole and smooth out. You can always use a Presta Tube for emergencies in a Schrader hole.