Alfa_Nizer

Duplicate the layer then go to Filter -> Noise -> Median...and enter a value of around 3 pixels. Then go to Filter -> Blur -> Gaussian Blur... and enter 5 pixels.

Step 2. Add a layer mask (by pressing the third button on the lower part of the Layers Palette) to the layer you have just blurred and fill it with black. Then pick a soft, medium sized brush and start painting with white on the layer mask. Make sure you avoid any lines on the face; use it only on the skin, to get a smooth, professional effect. Vary the brush size and opacity depending on the area. Avoid blurring the eyes, lips or hair.

After you finish this step, you should get something like this:
Step 4. Add a Selective Color adjustment layer with the following settings then fill its mask with black.

Reds: -55 0 0 0
Neutrals: -20 +15 –40 +5

Now paint with white over the lips and you will notice they’ll turn a light pink. Make sure you follow the edges of the lips properly.

Step 5. Add another Selective Color adjustment layer with these settings:

Yellows: -100 0 0 0
Whites: 0 0 0 –25
Neutrals: +20 –10 –50 +8

Fill its mask with black and carefully paint with white over the eyes.

Step 6. Go to Layer -> Flatten Image, then to Filter -> Sharpen -> Smart Sharpen... and use the following settings:
Finally, go to Image -> Canvas Size… and choose black as a color, 40 pixels for both Width and Height to add a stylish outer border.
The final result: