Well it turns out that you can’t…
You can not debug into C++ on an XP machine from the newest tool-sets, contrary to what is posted at the MSDN Blog Windows XP Targeting with C++ in Visual Studio 2012
If this concerns or pertains to you I recommend seeing that the issue (bug) is closed as by design see here
and If you’d like to see exactly what the error is all about check out he post on stack overflow
Error while trying to run Project: Unable to start Debugging.
- The Microsoft Visual Studio Remote Debugging Monitor (MSVSMON.EXE) does not appear to be running on the remote computer.
- the Debugger cannot connect to the remote computer.