Get the existing boot image off the phone
dd if=/dev/block/mmcblk0p6 of=/mnt/sdcard/boot.img # on the phone adb pull /mnt/sdcard/boot.img # on your computer
/dev/block/mmcblk0p6 is Nexus 4's boot partition.
Install abootimg from https://github.com/coruus/abootimg. The rest of the process below is stolen from this page.
Extract and unpack initrd
mkdir boot cd boot abootimg -x /tmp/boot.img mkdir initrd cd initrd cat ../initrd.img | gunzip | cpio -vidEdit default.prop, setting anything you want, including ro.debuggable=1.
Repack initrd and boot image
cd initrd find . | cpio --create --format='newc' | gzip > ../myinitrd.img cd .. abootimg --create myboot.img -f bootimg.cfg -k zImage -r myinitrd.img
Flash to phone
adb reboot-bootloader fastboot flash boot myboot.img