["python","django","django-models","django-orm"]
Django model method - create_or_update

Similar to get_or_create, I would like to be able to update_or_create in Django. Until now, I have using an approaching similar to how @Daniel Roseman does it here. However, I'd like to do this more succinctly as a model method. This snippet is quite old and I was wondering if there is a better way to do this in more recent version of Django.
See QuerySet.update_or_create (new in Django 1.7dev)