How to paint a faux stone appearnace. Painted stone effects are a great way to add an accent to both the interior and exterior home. Painted fireplaces, columns, furniture and garden objects are all suitable application surfaces. Lime Paint can be used to achieve this finish, resulting in a highly durable, interior and exterior finish. In addition, the mineral components in the Lime Paint add to the stone appearance and produce a mold and mildew resistant surface.