Set static internal IP address:
Get-AzureVM -ServiceName MyCloudService -Name MyAzureVM | Set-AzureStaticVNetIP -IPAddress "10.1.1.4" | Update-AzureVM
Create a new reserved IP:
1. Create the Azure reserved IP:
New-AzureReservedIP -ReservedIPName MyReservedIP -Location "East US"
2. Associate with a cloud service
Set-AzureReservedIPAssociation -ReservedIPName MyReservedIP -ServiceName MyCloudService
Convert Dynamic VIP to Reserved IP in a cloud service:
New-AzureReservedIP -ReservedIPName MyReservedIP -Location "East US" -ServiceName MyCloudService
Remove Reserved IP from the Deployment
Remove-AzureReservedIPAssociation -ReservedIPName MyReservedIP -ServiceName MyCloudService