Logging in VLC 2.0.3 not working in Windows 7 and Fix

Working on a project, I noticed that I could not access the VLC 2.0.3 log (or even see it).

I had followed the instructions related to the Tools>Messages dialog, and changed the Verbosity level to enable the logging but it was not working.

After some thought I realized that as these configurations are stored as files within the VLC program files folder.

VLC must be run as administrator for the logging to actually work due to the windows 7 security restrictions.