public class MyCustomIconListViewVisualItem : IconListViewVisualItem
{
    protected override Type ThemeEffectiveType
    {
        get
        {
            return typeof(IconListViewVisualItem);
        }
    }

    RadButtonElement buttonElement = new RadButtonElement();
    StackLayoutElement stack = new StackLayoutElement();

    protected override void CreateChildElements()
    {
        base.CreateChildElements();

        this.buttonElement.MouseMove += ButtonElement_MouseMove;

        stack.Orientation = Orientation.Vertical;
        
        stack.Children.Add(buttonElement);
        this.Children.Add(stack);
    }

    private void ButtonElement_MouseMove(object sender, MouseEventArgs e)
    {
        this.ElementTree.Control.Cursor = Cursors.Hand;
    }

    protected override void SynchronizeProperties()
    {
        base.SynchronizeProperties();
        this.Text = string.Empty;
        this.buttonElement.Text = this.Data.Text;
    }

    protected override void OnMouseMove(MouseEventArgs e)
    {
        base.OnMouseMove(e);

        this.ElementTree.Control.Cursor = Cursors.Arrow;
    }
}